(via TheNewswire)
Jervois Board approves appointment of
AFRY USA LLC to undertake Basic Engineering (“BE”) and Bankable Feasibility Study (“BFS”) for aUnited States (“U.S.”) cobalt refineryBFS scope is a 6,000 metric tonne per annum (“mtpa”) greenfield
U.S. refinery to process cobalt in sulphate form, suitable for use in America’s auto industry and to underpin its transition to high performance, safe electric vehicles (“EVs”)BFS costs including engineering are fully reimbursable by the
U.S. Government under the previously announcedDepartment of Defense (“DoD”) Defense Production Act (“DPA”) Title IIIUS$15.0 million funding agreement with JervoisCobalt refinery site selection in the
U.S. is continuing; initial basic engineering and BFS to commence in parallelCobalt is a critical mineral as declared by the
U.S. Government due to cobalt’s energy transition and national security applications; theU.S. has no operating cobalt refineries todayJervois Finland, Jervois’s 100%-owned subsidiary, has successfully operated for 50+ years,producing advanced cobalt chemicals and powders, including sulphate and has historically also produced pCAMs (pre-cursor cathode materials for lithium-ion batteries)
This facility is expected to be constructed under the framework of the Inflation Reduction Act 2022 and associated
Execution of BE and the BFS is fully refundable under the previously announced
Site selection for a
About AFRY
AFRY provides engineering, design, digital and advisory services to accelerate the transition towards a sustainable society. It has 19,000 devoted experts in industry, energy and infrastructure sectors.AFRY is ranked among top 10 largest Mining & Metals international engineering firms (ENR2022). It has a strong Nordic engineering heritage building on three decades of experience in design and implementation of mining and metals projects across the globe. Its operating model combines local presence with global expertise providing the best possible professionals for every assignment.
https://afry.com/en/area/mining-metals
AFRY’s unique combination of process technology specialist skills in nickel/cobalt refining along with multidisciplinary engineering expertise makes AFRY an ideal partner for Jervois on this project. AFRY has comprehensive local experience in integrating and managing complex brownfield and greenfield projects all over
On behalf of
For further information, please contact:
Investors and analysts: Group Manager – External Affairs alicia.brown@jervoisglobal.com | Media: nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-Looking Statements
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “expected” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to timing of site selection, timing of the BE and BFS, future loan awards by the
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source