Idaho Falls Citizen Journalism

The following is a news release from Regional Economic Development of Eastern Idaho.
 
BLACKFOOT — Vancouver, British Columbia based eCobalt has announced plans to develop a cobalt mining operation in Salmon and hydrometallurgical refinery on a railhead in neighboring Blackfoot. The Salmon mine is the only environmentally permitted primary cobalt project in the United States.
 
With pre-construction activities already underway, the vertically integrated Idaho Cobalt Project is designed to produce cobalt for the rechargeable batteries market. The total capital and reclamation cost is estimated at $288.1 million.
 
“We are thrilled to announce eCobalt’s massive investment in our community that could create 60-90 full-time, well-paying jobs,” said Blackfoot Mayor Paul Loomis. “The Idaho Cobalt Project is projected to support mining and refining capabilities through 2029. We’re excited to welcome eCobalt to Blackfoot and support their Idaho Community Block Grant application requesting funds to build a new railroad spur here, vital to improving their mine to refinery transport capabilities,” he said.
 
Refinery jobs will pay in the $60,000-$70,000 range. Approximately 125 jobs will be created at the Salmon mine.
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