Department of Defense Signs Deal to Boost Cobalt Supply Chains

Department of Defense Signs Deal to Boost Cobalt Supply Chains
A plaque of the Department of Defense seal is seen at the Pentagon in Washington, D.C., on Jan. 26, 2012. Mandel Ngan/AFP via Getty Images
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The U.S. Department of Defense (DoD), on June 15, entered into an agreement with the United States arm of Australian miner Jervois Global Limited to conduct feasibility studies to expand cobalt extraction in Idaho.

The $15 million funding agreement will enable Jervois Mining USA to undertake mineral resource drilling to expand currently known cobalt resources at its Idaho Cobalt Operations (ICO) and the adjacent Sunrise deposit.