The company plans to invest $3.2 billion to $3.9 billion over four years to develop four key projects.
USSM is planning to mine what it considers to be the largest cobalt reserve in North America.
The drilling is aimed at resource conversion as the company works to complete a prefeasibility study for Novador in early 2026.
Prices climbed as much as 0.9% after China’s monthly services activity expanded at the fastest pace since July.
