(Fredericktown, Mo., July 31, 2019) - Today, the U.S. Environmental Protection Agency (EPA) commemorates the 20th anniversary of the Superfund Redevelopment Initiative (SRI) at the Madison Mine/Anschutz Mine in Fredericktown, Missouri. The mine is sometimes referred to as the “Cobalt Mine.” In 2018, Missouri Mining Inc. (MMI) purchased the Madison Mine/Anschutz Mine with a pledge to clean up and restore mining operations to extract cobalt, which could result in a significant positive impact on the local economy.
The Missouri Cobalt, LLC Board of Managers today announced the appointment of former Glencore executive, Michael R. Hollomon II, as Chief Executive Officer. Mr. Hollomon will lead the company’s cobalt mining operations in Madison County, MO, which will be producing cobalt in the next three to four months.
St. Louis businessman Stacy W. Hastie, CEO of Environmental Operations (EOI), and financier J. Randall Waterfield, CEO of Waterfield Holdings (Waterfield) announced today that Missouri Cobalt, LLC (MC), has acquired land and operational control of 1,800 acres of a former mine operation in Madison County, MO from Anschutz Mining Corporation of Denver, CO. Between proven and inferred reserves, the site holds an estimated 35 million pounds of recoverable cobalt, likely making it the largest such reserve in North America.