The corporate additionally plans to mine what it considers to be the biggest cobalt reserve in North America. It holds an 18-year mineral provide of cobalt (plus nickel and copper) on a 7.3-square-kilometre website, generally known as the Madison mine venture.
In July, C3 introduced an LOI with Glencore concerning an offtake settlement for cobalt and copper intermediate merchandise, in addition to a strategic partnership, for C3’s La Cobaltera venture in northern Chile.
The announcement provides a processing LOI with USSM that builds upon this, with a three-way strategic partnership exploring collaboration on home US processing options with the target of creating an Americas-centric cobalt provide chain, connecting C3’s La Cobaltera cobalt-copper venture in Chile with USSM’s built-in essential minerals processing website in Missouri, the corporate stated.
The partnership is anticipated to strengthen US essential minerals provide chains, USSM stated, including that the companions anticipate the bulk or full spectrum of cobalt and copper product stream shall be shipped into the US and/or US Free Commerce Settlement nations.