![]() In total, the project will produce some 600-700 temporary and permanent jobs. Document and publication titles regarding rare earth elements can be browsed by accessing our Bibliography of Missouri Geology. Hardcopies may be purchased by contacting our publications desk at 57. The new mining operation will eventually create more than 250 permanent local jobs, plus construction jobs. Scanned mine maps of Pea Ridge and other mines in the Missouri Mine Map Repository are accessible for viewing online. The site also contains an estimated 105 million pounds of nickel and 103 million pounds of copper.Įnvironmental remediation at the Missouri Cobalt site employs 50 people. Between proven and inferred reserves, the Madison mine holds an estimated 72 million pounds of recoverable cobalt, likely making it the largest such reserve in North America. Missouri Cobalt began the environmental cleanup at its Fredericktown operation in early 2018. ![]() The mine is currently focusing on the exploitation of. The annual demand for cobalt reached $12 billion in 2019.Īdvantage Capital provided $2M in NMTC financing to help the company with the environmental remediation of a Fredericktown, MO mine. The mine has reopened under the management of Missouri Cobalt in 2019 under the Madison Mine Project. These high-performance batteries require significant cobalt resources. Hastie, CEO of Environmental Operations, Inc., in response to tremendous momentum in the high-performance battery market, driven by electric vehicle makers Tesla, BMW, Volkswagen, Panasonic and other industry leaders. Randall Waterfield, CEO of Waterfield Holdings and Stacy W.
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