The Global Resource For Connecting Buyers and Sellers

Idaho Cobalt Project Advancing 'On Time and On Budget'

The project is the only near-term, environmentally permitted primary cobalt project in the U.S.

The Canadian company eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE) reported that construction continues to advance on time and on budget at its Idaho Cobalt Project, 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.

eCobalt noted the following developments:

  • Water Treatment Plant (WTP) building completed and the placement of large components and mechanical assembly to commence September 18
  • Lining of the Tailings Waste Storage Facility (TWSF) and ponds advancing with expected completion in September for ponds and October for TWSF, including gravel topping
  • Pumpback system pipelines installation now 65% complete
  • Bulk fuel storage and distribution system complete
  • Construction of surface mobile equipment maintenance facility initiated on September 6
  • Construction of the mill building foundation commenced on September 10

“Our main priority is finalizing all environmental systems at site in preparation for underground mine development in early 2019,” stated Paul Farquharson, president & CEO of eCobalt. “This includes getting the Water Treatment Plant in place, the liner installed on the Tailings Waste Storage Facility and Water Management Ponds, and electrifying the pump back wells. These activities are part of the use of proceeds from the February, 2018 public offering and are expected to be completed in the fourth quarter of this year. I am pleased to report that we are advancing on time and on budget as our team has been working expeditiously during the summer months.”

The company noted that the evaluation of several project financing options continues, including off-take, traditional financing, bond financings and other financing alternatives to fund the development of the Idaho Cobalt Project. “Discussions continue to progress with strong interest from multiple parties in numerous jurisdictions with the aim of being finalized once the Optimized Feasibility Study has been completed.”


1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. 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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: eCobalt Solutions. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.