14 September 2023
14 September 2023
The deposit is being developed by USM Holding, which has been sanctioned by the US Government.
The price rise has been caused by an increase in demand for nuclear energy worldwide.
The US currently only has one operating nickel-cobalt mine, which is due to close in 2026.
The company still needs to secure environmental approvals to begin production at the project.
Monadelphous will undertake wet plant structural, mechanical, piping and electrical and instrumentation works.
American West and Aston Bay plan to increase resource and exploration programmes at the project next year.
The company and its Brazilian unit received offers from several potential strategic partners for the businesses.
Anson plans to build a lithium extraction and production facility within the land package.
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