Posted by: cobaltmemories | December 15, 2009

FORMATION METALS INC. RECEIVES APPROVAL FROM FOREST SERVICE TO BEGIN CONSTRUCTION ON IDAHO COBALT MINE

Russ Steele

This arrive in my e-mail on the 8th of December.

Vancouver, B.C., December 09, 2009, Formation Metals Inc. (FCO-TSX) ( “Formation”) has been informed by its 100% owned subsidiary, Formation Capital Corporation, U.S., (the “Company”) that the Company and the United States Department of Agriculture – Forest Service, Salmon Challis National Forest, Salmon/Cobalt ranger District (the “Forest Service”) have signed the “Forest Service Evaluation” which approves and finalizes the Company’s Mine Plan of Operations for its 100% owned Idaho Cobalt Project (the “ICP”).

“What this means”, stated Bill Scales, President of Formation Capital Corporation, U.S., “is that the Company can now begin construction activities for the mining and milling operations for the ICP. We can now refer to the Idaho Cobalt Project as the Idaho Cobalt Mine. The Forest Service and the Company have worked very hard to develop a Mine Plan that is economically viable, socially beneficial and environmentally sound. We are pleased to finally be able to get underway.”

You can read the full Press Release here.

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