Missouri Cobalt

Missouri Cobalt operates a mine in Madison County, Missouri which holds an estimated 35 million pounds of recoverable cobalt, likely making it the largest such reserve in North America. The site also contains an estimated 51 million pounds of nickel and 65 million pounds of copper. The company was formed by J. Randall Waterfield, CEO of Waterfield... Holdings and Stacy W. Hastie, CEO of Environmental Operations, Inc., in response to tremendous momentum in the high-performance battery market, driven by electric vehicle makers Tesla, BMW, Volkswagen, Panasonic and other industry leaders. These high-performance batteries require significant cobalt resources. The annual demand for cobalt reached $8 billion in 2017. Environmental remediation at the Missouri Cobalt site will employ up to 50 people. The new mining operation will create more than 250 permanent local jobs, plus construction jobs. In total, the project will produce some 600-700 temporary and permanent jobs.Read More