Niocorp Developments Ltd (NB)

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A recent Wall Street Journal article is not encouraging



The Energy Transition Will Require Cobalt. America’s Only Mine Can’t Get Off the Ground.

The U.S. is playing catch-up in battery supply chains dominated by China

By David Uberti and Rhiannon Hoyle

Wall Streen Journal

July 22, 2023 8:00 am ET

https://www.wsj.com/articles/the-energy-transition-will-require-cobalt-americas-only-mine-cant-get-off-the-ground-e5ea91f1?mod=Searchresults_pos1&page=1

Federal and state officials hailed the mine at a ribbon cutting in October, timed ahead of the winter, and a White House energy adviser later pointed to it as an example of America’s renewed mining aspirations.

But Jervois Global JRV 1.75%increase; green up pointing triangle

recently suspended operations and cut hundreds of workers just weeks before the mine was set to produce its first pound of cobalt. The market had shifted at a key moment, cratering prices for the lustrous silvery metal around the world.

Economists and executives warn similar challenges lie ahead in the race to build renewable-energy infrastructure. Many of the richest deposits of commodities required lie elsewhere, while firms extracting them in the U.S. or its allies face higher environmental standards, greater labor costs and limited interest from Wall Street.

This link might work:
https://www.msn.com/en-us/money/markets/america-s-only-cobalt-mine-can-t-get-off-the-ground/ar-AA1ecN5q?ocid=mailsignout&pc=U591&cvid=1b5019d8759742d5994b0f00f717df71&ei=29