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Salmon company wins $100 million grant to build cobalt refinery

Summary by KIFI
The U.S. Department of Education awarded $100 million to Salmon-based Formation Holdings US, Inc., also known as Jervois, to build a commercial cobalt refinery as part of a national initiative to secure domestic critical mineral supply chains.

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KIFI broke the news in Idaho Falls, United States on Friday, August 21, 2026.
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