IDAHO – FORMATION CAPITAL CORP. of Vancouver says its local subsidiary has surveyed residents near its Idaho cobalt project 65 km west of the town of Salmon. Once operational, the mine will employ 150 highly-paid workers and will generate a US$9.5-million annual payroll. The mine will pay more than US$8 million in local, state and federal taxes annually.
The 300 registered voters of Lemhi County polled by telephone “overwhelmingly support a proposed new, multi-million-dollar underground cobalt mine,” Formation reported in a press release. The survey indicated that 68% were aware of the Idaho cobalt project and of those aware of it, it was favoured by a margin of 77% to 7%. Additionally, of those aware, 73% believed the mine could be operated in an environmentally sound way as claimed by the project sponsors, while 9% doubted the claim and 18% said they did not know.
Finally, after being read a set of facts about the project, those favouring the project jumped to 84% with opposition dropping to 6%.
Details of the project are available at www.FormCap.com. This mine would be the only domestic cobalt producer in the United States.