Jervois Global

Jervois Global Quarterly Activities Report to 30 September 2024. Read the full report below. #cobalt #nickel #asxnews #miningnews #Jervois #JRV 

Q3 2024 Investor Presentation View the full presentation below. #JRV #Jervois #ASXNews #ASX #Cobalt #Nickel

We've secured further extensions on both our US$100 million Idaho #Cobalt Operations Bonds and Jervois Finland Working Capital Facility, with waivers extended until 14 December 2024 or later if agreed under a recapitalisation transaction. The majority bondholder has approved an extension of the Waiver on all financial covenants, cross-defaults, and the ICO Bonds interest deferral on semi-annual payments. These additional extensions accompany ongoing negotiations across potential transactions to strengthen our balance sheet. The necessary approval from ICO bondholders has been obtained. Read the full ASX Announcement here: https://lnkd.in/gwHBtKKd #JRV #Jervois #Cobalt #ASX #ASXnews

Like China is pursuing, America needs a robust #stockpile of #CriticalMinerals. There is little #cobalt and insufficient supplies of other critical minerals in government warehouses, so the United States does not have what it needs for its own defense. Stockpiling is an essential tool for reducing America's vulnerability and China's chokehold on global critical minerals supply chains. https://lnkd.in/gVUNtymc #Jervois #JRV

A new report from the The Wilson Center highlights the critical need for resilient #cobalt supply chains as the U.S. faces increasing competition from China. The report contrasts China's integrated government-business strategy with the more hands-off approach seen in the West. It outlines ten practical steps to secure cobalt supply, essential for clean energy and national  defense. Ensuring supply chain stability is crucial for the U.S. as it works to maintain its national security and its leadership in the clean-tech revolution. Read the report here:  https://lnkd.in/gJVnrvfE   #CriticalMinerals #SupplyChain #CleanEnergy #Cobalt #EV #Resilience #JervoisGlobal #JRV

Brian Deese hits the nail on the head: America needs new engagement tools on critical minerals at home and abroad. Cobalt is but one case study in what happens when Chinese price manipulation goes unchecked. Getting the American counterpunch right will help to renew its leadership globally and bolster its national security. https://lnkd.in/g6B_4M6T #CriticalMinerals #Cobalt #BrianDeese #MineralSecurity #NationalSecurity #CobaltSupply #ChinaTrade #GlobalLeadership #MineralIndependence #SupplyChainSecurity #JervoisGlobal #JRV #MineralPolicy #EconomicStrategy #USCounterpunch

The need for responsibly produced and sourced cobalt was again reinforced this week with the inclusion of cobalt and certain cobalt products, including L-ion batteries produced in China, to the U.S. Department of Labor’s 2024 ‘list of goods produced by child labor or forced labor’ (TVPRA list). We are proud of our robust supply chain due diligence program and strongly encourage all supply chain actors to take steps to continually mitigate and prevent human rights abuses in cobalt supply chains.    Read the full U.S. Dept of Labor report here: https://lnkd.in/gwYN9ri3 Learn more about our commitment to responsibly sourced cobalt: https://lnkd.in/gz-yP_xP #JRV #ResponsibleCobalt #EthicalSourcing #Sustainability #CobaltSupplyChain #ForcedLaborPrevention #SupplyChainDueDiligence #SustainableMining #Cobalt #LaborRights #JervoisGlobal #CleanEnergy #BatteryEthics #CobaltMining #DepartmentofLabor

We've secured modifications to our Jervois Finland Working Capital Facility, including a US$7.5 million delayed draw term loan for corporate and working capital purposes and other modifications. The JFO Facility has been amended to extend waivers on financial covenants and account balances until 15 October 2024 or beyond to support Jervois’ continuing work with its debt and equity capital providers and third parties on potential transactions to strengthen its balance sheet. The majority bondholder of the US$100 million Idaho Cobalt Operations Bonds has agreed to extend the Waiver and Interest Deferral and will receive additional security pledges including a second lien on ICO assets and Jervois Brasil shares. The necessary approvals from bondholders have been obtained. Read the full ASX Announcement here: https://lnkd.in/gpFv6muq #Jervois #JRV #cobalt

We've agreed with the majority bondholder to extend the Waiver and Interest Deferral of the Idaho Cobalt Operations Bonds to 6 September 2024. This extension covers all financial covenants and potential cross-defaults, includes forbearance on financial covenant compliance, and extends waivers for the Jervois Finland Working Capital Facility. The necessary approvals were secured as the bondholder, holding more than two-thirds of the ICO Bonds, voted in favour. Other than the Waiver and Deferral, there are no changes to the ICO Bonds' terms. As previously announced, Jervois is working in conjunction with its providers of both debt and equity capital, and third parties, on potential transactions to strengthen its balance sheet.   Read the full ASX Announcement here: https://lnkd.in/g6UbziHV

We’ve secured an extension for the Waiver and Interest Deferral of the Idaho Cobalt Operations Bonds to 30 August 2024. This includes forbearance on financial covenant compliance and interest deferral, aligning with ongoing commercial discussions. In addition waivers for financial covenants and collection account balances have been implemented under the Jervois Finland Working Capital Facility. These changes have been approved by the majority bondholder, with no other modifications to the ICO Bonds' terms. Read the full ASX Announcement here: https://lnkd.in/gzte4FJF #JRV #JervoisGlobal #ASX #ICO #Finland #Minerals #Cobalt