11:56 AM EST - Formation Metals Inc. : provides an update on the progress of construction on its 100% owned Idaho Cobalt Project, managed by JDS Energy & Mining. The ICP is comprised of a primary cobalt deposit in Lemhi County near the town of Salmon, Idaho, and the Cobalt Production Facility in Shoshone County, near Kellogg, Idaho. At the Cobalt Production Facility, the pouring of concrete for the foundations of the new building is complete. Renovation of the existing ball mill and copper circuits are ongoing and will continue throughout the winter. Final engineering for the Cobalt Production Facility is continuing. Formation Metals Inc.
shares T.FCO are trading down $0.01 at $0.59.
