The Energy Report
Source: Streetwise Reports 07/17/2018
Critical equipment and power have been delivered to site; the pouring of concrete has commenced.
In a July 12 press release, eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE) provided an update on construction progress at the company’s 100% owned Idaho Cobalt Project (the ICP), located near the town of Salmon, in the heart of the historic Idaho Cobalt Belt.
The ICP remains the sole, near-term environmentally permitted primary cobalt deposit in the United States, said the press release.
“Construction activities continue at the mine site and we are expanding our production-ready team as we advance the ICP towards production,” said Paul Farquharson, president and CEO of eCobalt. “Activities are ramping up with delivery of critical equipment to site for the construction and finalization of all environmental systems. We have energized the main transformer with installed grid power now operational.”
The concrete plant is on site and the company has begun constructing foundations for the water treatment plant, said Farquharson.
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“Furthermore, I am pleased to report that we continue to attract talented individuals possessing a high level of operational expertise, with a total head count of 29 in our Salmon, Idaho office,” he said. “It is through our team’s hard work and commitment that we have made excellent progress at the ICP to date.”
Completed works at the mine site includes delivery of over 70,000 tons of crushed aggregate to the site for construction activities, engineering, fabrication and delivery of the water treatment plant, preparation of the water treatment plant site for building construction and provisions on site for emergency medical services,” said the press release.
Work in progress includes: installation of liners for the Tailings Waste Storage Facility (TWSF) and water management ponds, installation of the potable water wells and distribution system, completing building pads for the crusher and concentrator, establishment of a construction workforce camp near the property, access road improvement projects and planning and procurement in preparation for construction of production facilities.
“The company’s main objective is to ensure that all environmental systems are in place to manage mine water and waste rock prior to commencing underground operations,” said the press release.
These systems include the ground water protection wells, piping and instrumentation, installation of the liners on the TWSF and water storage Ponds, and the completion of all access and maintenance roads.
“These activities are part of the use of proceeds from the February 2018 public offering and, due to weather delays earlier this spring, are now anticipated to be completed in early fourth quarter of 2018,” said the press release.
In support of these efforts, the company said it recently hired additional senior support personnel. Positions currently filled include Vice President / General Manager, Process Manager, HR Manager, Controller, Process Control Foreman, Senior Metallurgist, Mill & WTP Superintendents, Environmental Manager & Technicians, Health & Safety Manager and Coordinators, Field Project Manager, Senior Geologist and Purchasing Superintendent.
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Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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( Companies Mentioned: ECS:TSX; ECSIF:OTCQX; ECO:FSE,
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