Ann: Jervois receives Idaho State Tax Reimbursement Incentive, page-2

Key points
- Jervois receives Idaho Tax Reimbursement Incentive (“TRI” approval for Idaho Cobalt Operations (“ICO” - Incentive will provide reimbursement of 28% of Idaho corporate, payroll and sales taxes for 14 years
- To receive the tax credits, Jervois will create a minimum of 164 new jobs in Idaho at an average annual wage above the Lemhi County average
- Jervois will move forward to finalize financing and construction of ICO in the State of Idaho, one of the most attractive investment jurisdictions both globally and within the United States
- ICO expects to commence commercial cobalt and copper production in mid-2022 when it will be the only cobalt mine in production in the United States