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Thursday, 10/06/2022 6:26:07 PM

Thursday, October 06, 2022 6:26:07 PM

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Jervois’ Celebrates Idaho Cobalt Operations Mine Opening Ceremony

- Jervois celebrates the official opening of its Idaho Cobalt Operations (“ICO”) mine site with U.S. Federal and State government representatives and the Australian Ambassador to the United States in attendance
- ICO commissioning is commencing with full nameplate capacity expected by the end of Q1 2023
- Once fully commissioned ICO will be the only primary cobalt mine in the United States
- ICO’s opening represents a significant milestone for the secure supply of this critical mineral to the U.S.

Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) will officially open its Idaho Cobalt Operations (“ICO”) mine site near Salmon, Idaho in the United States (the “U.S.”) on Friday 7 October 2022. The mine is commencing a commissioning phase during October, with equipment undergoing final completion testwork ahead of continuous commercial concentrate production expected across Q4 2022. Full nameplate capacity remains expected by the end of Q1 2023.

Once it is fully commissioned, ICO will be the only primary cobalt mine in the U.S. and will produce a cobalt concentrate, which will be refined into the critical metal necessary for electric vehicles, energy generation and distribution, defense and other industries. Cobalt will play a key role in the transition to a low carbon economy. Due to its many strategic applications and significant supply chain risks, cobalt is on the official U.S. Government list of critical minerals and has been front and center in all U.S. Government strategies in this area in recent years, including the Biden Administration’s 100-Day Review of critical U.S. supply chains (June 2021).

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