[Ferro-Alloys.com] 

US Strategic Metals gains approval for $100.8m loan program

US Strategic Metals (USSM) announced on Tuesday that its $100.8 million loan application has been granted expedited approval by the United States Citizenship and Immigration Services (USCIS) in recognition for the potential job creation by the company’s critical minerals project.

USSM is planning to mine what it considers to be the largest cobalt reserve in North America. It holds an 18-year mineral supply of cobalt (plus nickel and copper) on a 7.3-square-kilometre site in Missouri, known as the Madison mine project.

USSM said its project is poised to significantly bolster the America’s supply chain for critical battery metals to fuel the green energy revolution and advance US economic and national security. To achieve that, it will produce cobalt sulfate, nickel sulfate and lithium carbonate from cobalt hydroxide and black mass, recycled material from spent lithium-ion batteries and battery scrap.

• [Editor:邢亚敏]