- Jervois is conducting a Bankable Feasibility Study to expand cobalt refining capacity in Kokkola.
- Annual capacity will increase from 6,250 to at least 12,250 metric tonnes.
- The expansion will add at least 6,000 metric tonnes of annual capacity.
- Timing and financials will be determined by the BFS.
Project Overview
Jervois Global Limited (JRV) has announced the initiation of a Bankable Feasibility Study (BFS) aimed at expanding its cobalt refining capacity at the Kokkola Industrial Park in Finland. This expansion is set to significantly increase the company's annual production capacity.
Expansion Highlights
The planned expansion will boost the annual capacity from 6,250 to at least 12,250 metric tonnes of refined cobalt. This move is designed to meet the growing global demand for cobalt, particularly in the battery and other related industries. Additionally, the expansion will enhance Jervois' participation in cobalt regeneration through "closed loop" recycling, aligning with the company's strategy to become a globally significant cobalt supplier.
Project Details
The new refinery will be situated near Jervois Finland's existing facilities, ensuring operational efficiency and leveraging existing infrastructure. The expansion is expected to add at least 6,000 metric tonnes of annual capacity. The precise timing and financial details of the project will be determined by the outcomes of the BFS.
Jervois Finland Advantages
Jervois Finland brings over 50 years of experience in cobalt production to the table, along with a strong commitment to environmental and sustainability standards. The company already operates advanced manufacturing plants for cobalt products, which will support the expanded refining operations.
