douginil
12月前
Another free enterprise company significantly impacted by China's actions in the world market and product pricing
Jervois organisational restructure
March 11,2024
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQB: JRVMF) advises it has implemented further cost reductions across its business in response to adverse cobalt market conditions caused by Chinese overproduction and its impact on pricing.
Jervois has reduced senior corporate management roles, with 30% of positions made redundant or part-time. Jervois thanks affected individuals for their contributions and for those transitioning to part-time, their flexibility.
Jervois Non-Executive Directors will also reduce their fees by 30%, effective 1 February 2024.
No awards under the Company’s Short Term Incentive Plan will be made to the Chief Executive Officer, executive and corporate management team. Jervois has also frozen annual salary increases (generally linked to inflation) for 2024 across the corporate group, and at its sites, where legally permissible.
Organisation optimisation at Jervois Finland continues to advance, with a 5% reduction in workforce and €1.0 million in annual payroll cost savings across the first half of 2024. Since Jervois acquired the business in September 2021, total employee numbers have reduced by 10%, whilst continuing to maintain exceptional site operational safety standards and headline cobalt production capacity. The Jervois Finland team continues to advance innovation and cost-saving measures in response to challenging market conditions.
In addition, Greg Young (Executive General Manager – Commercial) has announced his retirement. Mr. Young remains a Jervois shareholder and the Company is grateful for his expertise and leadership of the Commercial group for his pre-agreed three-year term. Mr. Young was instrumental to Jervois’ growth of its geopolitically strategic portfolio of critical mineral assets servicing Western markets. Jervois has promoted Wayde Yeoman to Mr. Young’s role and position on the Jervois Global Executive Committee.
Jervois is committed to maintaining a safe work environment during these organisation changes and is determined to deliver a responsibly sourced, Western supply chain of critical minerals in the face of ongoing adverse cobalt market conditions.
Read at:
https://mailchi.mp/05d01f9934d8/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-17080300?e=48b5acd3da
douginil
1年前
Jervois shortlists locations for Department of Defense funded BFS for U.S. cobalt refinery
- Jervois shortlists two locations, one in each of the states of Pennsylvania and Louisiana, for its Department of Defense (“DoDâ€) funded bankable feasibility study (â€BFSâ€) for a United States cobalt refinery.
- Sites are being evaluated to determine the preferred location; commercial negotiations with the states of Pennsylvania and Louisiana are commencing.
- Completion of site selection is an important milestone in the progress of the basic engineering and accompanying BFS for a U.S. cobalt refinery, led by engineering firm AFRY USA LLC and is expected to be completed by mid-2024.
- BFS is key to Jervois’ previously announced application under the Department of Energy (“DOEâ€) Advanced Technology Vehicle Manufacturing Loan Program (the “ATVM Loan Programâ€) for a U.S. cobalt refinery.
- U.S. Cobalt refinery BFS is fully funded by the U.S. DoD Defense Production Act (“DPAâ€) Title III US$15 million funding agreement.
Jervois Global Limited (“Jervois†or the “Companyâ€) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) has short listed two preferred locations for its BFS for a United States-located cobalt refinery, led by AFRY USA LLC (“AFRYâ€). Jervois and its advisers have undertaken an extensive site selection process which has short-listed two existing industrial sites, one each in the states of Pennsylvania and Louisiana.
Jervois is now undertaking engineering, environmental and economic evaluations for both locations in advance of BFS completion, which is expected to be completed in mid-2024.
Jervois’ proposed U.S. cobalt refinery will produce cobalt sulphate, for use primarily in electric vehicle batteries, which is not produced in the U.S. today. Based on projected U.S. lithium ion battery chemistries, once operational the refinery is expected to be capable of supplying sufficient cobalt for about 1.2 million electric vehicles each year.
douginil
1年前
Jervois Global Quarterly Activities Report to 31 December 2023 & Investor Call Presentation
Jan 20, 2024
HIGHLIGHTS
Jervois Finland:
US$4.7 million Q4 2023 cash flow from operations; US$46.1 million for year 2023 despite low cobalt prices.
Positive cash flow attributed to underlying business performance and working capital optimisation.
Cobalt sales for 2023 of 5,474 mt, within guidance range.
Idaho Cobalt Operations (“ICO”), United States (“U.S.”):
Drilling completed at Sunshine deposit at ICO, fully refundable under US$15.0 million Department of Defense (“DoD”) Defense Production Act Title III funding agreement.
Underground development to support RAM resource extension drilling advancing; designed to expand RAM’s 2023 mineral resource estimate (“MRE”).
Bankable Feasibility Study (“BFS”) on U.S. cobalt refinery continues with AFRY USA; site selection also advancing.
São Miguel Paulista (“SMP”) nickel and cobalt refinery, Brazil:
Engagement with multiple parties for project-level funding for SMP restart capital project continuing.
Corporate:
End December 2023 quarter cash balance of US$45.4 million, US$40.7 million physical cobalt inventories, and drawn senior debt of US$144.1 million.
Cost reduction and business improvement programme launched.
Progression of strategic initiatives across all assets, including in response to inbound interest.
Goto:
https://mailchi.mp/f591dd8a7445/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-15548064?e=48b5acd3da
douginil
1年前
Jervois welcomes U.S. Congressional Select Committee proposal for a reserve to sustain cobalt price
12/12/2023
Jervois Global Limited (“Jervoisâ€) (ASX: JRV) (TSX-V: JRV) (OTCQB: JRVMF) (https://jervoisglobal.com) welcomes a bipartisan proposal today of the United States Congress’ Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (“the Congressional Select Committeeâ€) to create a critical mineral reserve (“Resilient Resource Reserveâ€) to sustain cobalt price (among other critical minerals) for U.S. producers when the price dips below a floor, and for producers to recontribute during periods of high cobalt prices.
The proposed Resilient Resource Reserve is designed to insulate U.S. critical mineral producers, including cobalt, from the current price volatility resulting from China’s dominance of global critical mineral supply chains.
The Congressional Select Committee also proposes that the U.S.’ Export-Import Bank (“EXIMâ€) would expand and extend EXIM’s risk appetite under the China and Transformational Exports Program (“CTEPâ€), including for the financing of mining and critical minerals activities, including cobalt. EXIM has previously advised Jervois that its 100%-owned Idaho Cobalt Operations (“ICOâ€) is eligible for potential financing support under CTEP (see ASX announcement titled “U.S. EXIM Bank confirms ICO’s eligibility for domestic financing initiatives†dated 24 April 2023).
These extensive bipartisan legislative proposals are included in the Congressional Select Committee’s report entitled Reset, Prevent, Build: A Strategy to Win America’s Economic Competition with the Chinese Communist Party, which will be introduced for consideration of the full U.S. Congress in 2024.
Jervois owns 100% of ICO. ICO’s mineral resource and reserve is the largest and highest grade confirmed cobalt orebody in the U.S..
douginil
2年前
Jervois Global Limited
June 22, 2023
Highlights:
Jervois has been awarded a conditional €12 million grant from the Finnish government under the State business development body, Business Finland, to partially fund a potential expansion of Jervois’ cobalt refining capacity in Kokkola, Finland
The conditional grant recognises Jervois Finland’s innovations that improve environmental protection and its ESG leadership in the cobalt industry
Jervois Global Limited (“Jervois†or the “Companyâ€) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to announce its 100%-owned subsidiary, Jervois Finland Oy (“Jervois Finlandâ€), has been awarded €12 million in reimbursable cash funding for its potential expansion of cobalt refining capacity at the Kokkola Industrial Park (“KIPâ€) from Business Finland, a Finnish State development body, subject to meeting certain conditions.
Jervois expects this Business Finland grant will allow Jervois to evaluate restarting work on the Bankable Feasibility Study (“BFSâ€) for a cobalt refinery expansion at KIP, as described in an announcement to the Australian Securities Exchange (“ASXâ€) on 16 May 2022 (titled “Jervois Commencing BFS Refinery Expansion at Kokkolaâ€). That work was paused in April 2023 in favor of a BFS for a new cobalt refinery located in the United States (“U.S.â€) to be fully funded by the U.S. Department of Defense (“DoDâ€).
Jervois expects its BFS for a U.S. cobalt refinery will share a flow sheet and other elements with the BFS for a Finland cobalt refinery expansion, creating synergies and timeline benefits to the U.S. project. Jervois expects its DoD-funded BFS for a U.S. cobalt refinery will continue independently of any future work on a BFS for a Finland cobalt refinery expansion.
This Business Finland grant is expected to reimburse part of its BFS costs and costs of any future construction of a Finland cobalt refinery expansion. The award relates to Jervois’ environmental, social and governance (“ESGâ€) strategies for the facility, namely for an intention to exceed the European Union’s (“EU’sâ€) environmental protection standards and to reinforce Jervois Finland’s existing position of ESG leadership in the cobalt industry.
The Business Finland grant will be released subject to satisfaction of a number of conditions, including Jervois Board approval (or final investment decision) to construct the facility; securing financing and receipt of certain environmental permits. The grant does not expire until the end of October 2024.
Jervois continues to evaluate cobalt refinery investments in both the U.S. and Finland. The Company only expects to progress these projects in circumstances where project economics are demonstrated to be robust, and where third-party financing is available for advancement of studies and construction. Jervois continues to engage with potential partners in industry with regards to such financing, including governments, automakers and other battery and or critical mineral value chain participants
douginil
2年前
Jervois’ Celebrates Idaho Cobalt Operations Mine Opening Ceremony
- Jervois celebrates the official opening of its Idaho Cobalt Operations (“ICO”) mine site with U.S. Federal and State government representatives and the Australian Ambassador to the United States in attendance
- ICO commissioning is commencing with full nameplate capacity expected by the end of Q1 2023
- Once fully commissioned ICO will be the only primary cobalt mine in the United States
- ICO’s opening represents a significant milestone for the secure supply of this critical mineral to the U.S.
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) will officially open its Idaho Cobalt Operations (“ICO”) mine site near Salmon, Idaho in the United States (the “U.S.”) on Friday 7 October 2022. The mine is commencing a commissioning phase during October, with equipment undergoing final completion testwork ahead of continuous commercial concentrate production expected across Q4 2022. Full nameplate capacity remains expected by the end of Q1 2023.
Once it is fully commissioned, ICO will be the only primary cobalt mine in the U.S. and will produce a cobalt concentrate, which will be refined into the critical metal necessary for electric vehicles, energy generation and distribution, defense and other industries. Cobalt will play a key role in the transition to a low carbon economy. Due to its many strategic applications and significant supply chain risks, cobalt is on the official U.S. Government list of critical minerals and has been front and center in all U.S. Government strategies in this area in recent years, including the Biden Administration’s 100-Day Review of critical U.S. supply chains (June 2021).
Read more at:
https://mailchi.mp/b8acd18b1fe3/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-15045793?e=48b5acd3da
douginil
3年前
Upper Salmon projects with Idaho Conservation League advanced
May 17, 2022
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) is pleased to announce US$150,000 funding for three restoration projects through a partnership between 100% owned United States subsidiary Jervois Mining USA Limited and Idaho Conservation League (“ICL”), which is now in its second year.
ICL and Jervois created the Upper Salmon Conservation Action Program (“USCAP”) in March 2021 to support protection and restoration of fish and wildlife habitats, including water quality and biodiversity within the Upper Salmon River basin. Jervois is contributing US$150,000 to the USCAP partnership each year throughout the operational life of its Idaho Cobalt Operations (“ICO”) in Lemhi County, Idaho.
Read more at:
https://mailchi.mp/d760c0ccb0b9/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-14974785?e=48b5acd3da
douginil
3年前
Jervois Commencing BFS Refinery Expansion at Kokkola
- Jervois commencing Bankable Feasibility Study (“BFS”) to expand its cobalt refinery capacity at Kokkola
- Jervois Finland, a 100% owned subsidiary of Jervois, has operated for more than 50 years producing cobalt chemicals and powders
- BFS scope will expand annual Jervois refinery capacity access from 6,250 metric tonnes to at least 12,250 metric tonnes of refined cobalt, to meet growing global demand
- Kokkola expansion expected to increase Jervois' participation in cobalt regeneration, with 10-15% of cobalt inputs to be received as recycled units
- Advances Jervois’ strategy to become a globally significant supplier of cobalt products for batteries and other industries
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) announces it is commencing a Bankable Feasibility Study (“BFS”) to expand production of refined cobalt at the Kokkola Industrial Park, Finland.
Jervois’ 100%-owned subsidiary, Jervois Finland, is a leading supplier of high quality cobaltbased products, with advanced technological capabilities, product quality and reliability, and a strong commitment to high environmental and sustainability standards. Jervois Finland has more than 50 years’ experience in cobalt production at Kokkola, with a global customer base across rechargeable batteries, chemicals, catalysts, ceramics and powder metallurgy applications.
Read more at:
https://mailchi.mp/f22061d180cf/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-14974641?e=48b5acd3da
douginil
3年前
Jervois releases BFS for São Miguel Paulista refinery restart
April 29, 2022
Jervois Global Limited (“Jervois”) completes Bankable Feasibility Study (“BFS”) for Stage 1 of São Miguel Paulista Nickel and Cobalt refinery (“SMP”) restart to process mixed nickel hydroxide (“MHP”) and cobalt hydroxide through to metal.
Initial Stage 1 forecast production of 10,000mtpa1 and 2,000mtpa of refined nickel and cobalt metal cathode respectively. Stage 2 BFS regarding a return to full 25,000mtpa refined nickel production capacity expected to be finalized in 2H 2022.
Net Present Value (“NPV”) for Stage 1 restart of US$228 million and US$141 million at an 8% (real) discount rate on a pre-tax and post-tax basis respectively; nominal Internal Rate of Return (“IRR”) of 47% (pre tax) and 35% (post tax).
At US$8.00/lb nickel and US$25.00/lb cobalt, post ramp up of Stage 1 to BFS production rates, average annual EBITDA in real terms projected to be over US$30 million. Refinery economics resilient to a range of market scenarios, including current spot market conditions for refined and intermediate products.
Total project capital cost of US$55 million, representing a competitive refurbishment of an existing brownfield nickel and cobalt refinery. SMP has a long operating history, most recently placed into care and maintenance managed by current owner Companhia Brasil de Alumino (“CBA”).
Restarting the only electrolytic nickel-cobalt refinery in South and Latin America will deliver significant local and regional economic and social benefits to the São Miguel Paulista area of São Paulo city, Brazil.
SMP benefits from competitive low carbon energy (predominantly hydropower), skilled workforce, existing infrastructure including main arterial roads and ~120km from Brazil’s largest container port at Santos.
Jervois is advancing discussions on commercial supply contracts of MHP and cobalt hydroxide to underpin SMP restart. Work continues on design of an autoclave to process cobalt concentrates from Jervois’s 100%-owned Idaho Cobalt Operations (“ICO”); once available, this will be incorporated into the Stage 1 BFS.
Execution planning has commenced and a final investment decision for Stage 1 is anticipated to occur in parallel to closing of the SMP acquisition. Jervois continues to advance operating permit renewal process with the São Paulo City Hall, a condition precedent to closing, before 31 August 2022.
First commercial production from SMP’s Stage 1 restart is expected during 2023.
Read more at:
https://mailchi.mp/869df9a7eb2e/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-14972253?e=48b5acd3da
douginil
3年前
Jervois delivers first blast of west portal at Idaho Cobalt Operations
October 19,2021
Highlights:
- Jervois has commenced underground construction of its 100%-owned Idaho Cobalt Operations (“ICO”).
- During the last quarter Jervois has conducted portal bench construction and extension work to enable development of the mine to start in Q4 2021.
- The start of underground construction marks the first time in decades the United States will have a primary cobalt mine.
- With Jervois’s commencement of underground work, the United States has taken an important leap forward toward a secure cobalt supply chain.
- Jervois is committed to building an ethical, sustainable and secure Western alternative to the current cobalt supply chain, and to working with its diverse customer base across key strategic industries in the United States, Europe and Japan.
- ICO construction, procurement and engineering schedule remains on track, with commissioning and first production of cobalt concentrate expected from mid-2022.
- Separate copper concentrates also expected to be produced and sold to North American customers in parallel, with current copper prices significantly above the US$3.00 per lb applied in the ICO Bankable Feasibility Study (“BFS”).
Read more at:
https://mailchi.mp/e0523a30bdf7/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-8909957?e=48b5acd3da
douginil
3年前
Jervois advances construction at Idaho Cobalt Operations
Highlights:
Update following visit to site to review construction progress by Directors Mr. Bryce Crocker and Mr. Mike Callahan.
Detailed engineering and procurement substantially advanced with commitments for more than 40 per cent of all equipment and material required for construction of Jervois’ 100% owned Idaho Cobalt Operations (ICO ), United States.
Since Board approval for full construction Jervois has now committed more than US$30 million towards equipment, materials and labour costs for ICO.
Activity underway at ICO includes civil and concrete works for construction of the processing plant and preparation for underground mining.
ICO construction, procurement and engineering schedule is on track, with commissioning and first production of cobalt concentrate from a mine in the United States in generations expected from mid 2022.
First draw down of US$100 million bond offering (the Bond Offering) continues to be anticipated in Q4 2021
Jervois expands scope of São Miguel Paulista Refinery BFS
Highlights:
Jervois expands São Miguel Paulista (“SMP” ) Bankable Feasibility Study (“BFS”) scope to include a larger pressure oxidative (POX ) autoclave, and plans to restart the refinery in a fully integrated single stage.
Adjusted BFS flowsheet to consolidate on prior nickel sulphate studies commissioned at SMP by Companhia Brasileira de AlumÃ-nio (“CBA”), to leverage expertise in chemicals production from Jervois Finland and target higher premia battery markets.
BFS outcomes expected to be released by end Q1 2022 to include updated capital expenditure and schedule estimates for refinery restart.
Agreement with CBA to extend the outside date for closing SMP acquisition to March 2022, to allow CBA additional time to renew applicable operating permits.
Jervois remains confident in the attractiveness of restarting SMP and its future significance to expansion of the non-China battery materials value chain.
Read at:
https://mailchi.mp/3b1fc58e0f89/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-8900041?e=48b5acd3da
douginil
3年前
Battery Metals Are Hot, but These Miners Can’t Get Investors
Wall Street Journal April 23, 2021 7:00 am ET
[[ I read the WSJ every day and missed this ]]
TORONTO—Investors are pouring money into car companies, battery makers and clean-tech startups that are poised to benefit from the global economy’s shift to electric power. But many small mining companies that supply the raw materials haven’t been invited to the party.
Uncertainty over the metals’ quality, the short- and long-term outlook for prices and the ability of North American miners to compete with their Chinese counterparts is making investors wary.
Bryce Crocker, the chief executive officer of Jervois Mining Ltd., is touting a cobalt project in Idaho. The Australian executive needs $100 million to open a mine on central Idaho’s Gant Mountain that the company says could eventually produce more than 15% of the cobalt consumed annually in the U.S. The blue-gray mineral is critical to making the batteries that power electric vehicles, laptops and smartphones as well as the alloys used to make jet-fighter engines.
After more than a year of fundraising, he is still seeking contributions from commercial banks, private-equity firms and hedge funds.
“We need the support of the capital markets,” he said. “But this is not a commodity that lenders have traditionally loaned against.”
Read more at:
https://www.wsj.com/articles/battery-metals-are-hot-but-these-miners-cant-get-investors-11619175601?st=xmnoq33q6i2ylat&reflink=desktopwebshare_permalink
Article includes
"
The Lind Partners LLC has invested about $100 million in the securities of Australian and North American companies mining critical minerals and rare earths.
"
douginil
3年前
Jervois Closes Freeport Cobalt Acquisition
2 September 2021 (Australia) ASX / TSX-V: JRV OTC: JRVMF
HIGHLIGHTS
• Jervois closes its US$160 million acquisition of Freeport Cobalt, with the final purchase price including working capital but excluding cash being approximately US$192 million to reflect higher cobalt inventory acquired
• Acquisition aims to consolidate the transformation of Jervois into a global, vertically integrated cobalt and nickel company of scale
• Jervois has purchased an operating global leader in the cobalt industry, with an
established market platform that is diversified by product and value chain segment
• A$313 million equity raise closed with final settlement of the A$177 million retail entitlement offer tranche, fully underwritten by UBS and Jefferies
• AustralianSuper invests a further A$73.9 million; Mercuria, one of the world’s largest energy and commodity traders, invests A$45.7 million
• Jervois Directors and Management subscribe for an additional A$3.57 million to support the transaction
Jervois Global Limited (“Jervois” or the “Company”, formerly Jervois Mining Limited) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) confirms it has closed its previously announced acquisition of 100% of Freeport Cobalt by purchasing all the shares of Freeport Cobalt Oy and four affiliated entities from Koboltti Chemicals Holdings Limited (“KCHL”) (the "Acquisition").
The Acquisition has the potential to transform Jervois into the second largest producer of refined cobalt outside China, building on existing assets of Jervois’ Idaho Cobalt Operations (“ICO”) in the United States, expected to come into production from mid-2022, and the São Miguel Paulista (“SMP”) nickel and cobalt refinery in São Paulo, Brazil which Jervois has agreed to acquire.
The Acquisition is expected to transform Jervois into a global, vertically integrated cobalt and nickel company of scale, led by a highly experienced management team. Jervois is diversified across multiple products and value chain segments with significant relevance to leading cobalt producers and end-users.
Read more at:
https://mcusercontent.com/6f52ace6c580fa2e1b6485f53/files/8b3c7ce1-0329-7c9b-c702-0bab35bdf8a4/Jervois_Closes_Freeport_Cobalt_Acquisition.01.pdf
douginil
4年前
A promo for a free book. I don't have a clue as to the quality of the info, just passing it on. Does include The names of other battery metals companies.
Dear Investor,
Despite the coronavirus pandemic, which broke out in earnest during March of last year, cobalt prices showed unexpected resilience in the face of uncertainty throughout 2020.
After a year of relative stability, a combination of tight supply and rising demand from the battery industry saw prices outperform expectations for the quarter, Greg Miller of Benchmark Mineral Intelligence told the Investing News Network (INN).
This is not the first time the cobalt market has seen a price spike, with the current rally reminding seasoned battery metals investors of what happened during 2017 and early 2018.
To help investors learn more about their options when looking at cobalt investing, INN has compiled a FREE 2021 INNvestor Report with market forecasts, exclusive interviews with industry experts, and more!
Check out our FREE Report:
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If you are looking for a way to uncommon way to take advantage of the growth in EVs, this is the place to start.
Forward this email to others you think should read this report.
Read and get link to the book at:
https://reply.investingnews.com/dm?id=B88DAA487E3D8607E850B4F83EC3EE5CE7A27FECC90526E2
douginil
4年前
Jervois to participate at the TD Securities Battery Metals Virtual Roundtable on Tuesday June 22, 2021
Jervois Mining Limited (“Jervois†or the “Companyâ€) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises that CEO, Bryce Crocker, will participate in the opening panel at the TD Securities Battery Metals Virtual Roundtable on Tuesday June 22, 2021.
Bryce Crocker and James May (CFO) are also hosting 1-1 investor meetings during the conference.
A copy of the presentation that will be provided is attached and is available at www.jervoismining.com.au
On behalf of Jervois
Bryce Crocker, CEO
douginil
4年前
Jervois confirms discussions with U.S. Government for ICO financing
April 26, 2021
Key points
- Jervois progressing debt financing for Idaho Cobalt Operations (“ICOâ€) in Idaho, United States
- Discussions with United States Federal Government are part of Jervois’ debt financing negotiations occurring in parallel with negotiations with private lenders, which are advancing
- Jervois is exploring funding for ICO singularly or combined with its São Miguel Paulista (“SMPâ€) refinery in Brazil
- ICO commercial concentrate production continues to be expected from mid-2022 and SMP restart is expected the same year, all as part of Jervois’ plan to become a vertically integrated speciality nickel and cobalt producer
- ICO will be the only cobalt mine in the United States once in production
Jervois Mining Limited (“Jervois†or the “Companyâ€) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) confirms it is participating in financing discussions with the United States (“U.S.â€) federal government to complete construction of its Idaho Cobalt Operations (“ICOâ€) mine in Idaho.
Read more and get links to quarterly activities, etc. at:
https://mailchi.mp/7d0af23733a6/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-8588445?e=48b5acd3da
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