The miner is the only private sector company taking part in the project to recover critical materials.
EVs Mining News
The Vancouver-based miner said the acquisition is aimed at taking advantage of the "hot vanadium market."
The need for nickel is starting to rise at a time when its price is too low to incentivize new project development.
The Aussie miner says new work in recent months has uncovered fresh targets assaying up to 2.3% cobalt and 32 grams per tonne gold.
A hybrid solar power system will provide electricity to the company's project center while reducing CO2 emissions by 147 tonnes annually and the costs for fuel by $250,000 per year.
The Buena Vista Hills cobalt - iron oxide - copper-gold project is located in Pershing County.
The world is having a global energy transition party for miners – B.C. isn’t invited