The government is considering a 10% production tax credit that would apply to companies developing processing facilities for critical minerals.

The plant's official opening will be in March after six years of exploration and a $200 million investment.

Coeur acquired the Silvertip mine and mill in 2017 but ceased mining and processing in 2020.

The Raglan project has proven and probable reserves of 31.9 million tonnes grading 2.12% nickel, 0.81% copper and 0.05% cobalt.

The Lobito corridor is central to the Biden administration’s plans to secure access to crucial metals for the energy transition in Zambia and neighboring Democratic Republic of Congo.

The company now has all the permits necessary to proceed with the Black Butte project.

The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding.

Miners and smelting companies have been concerned by delays in the approvals.