Jervois Board approves full construction of Idaho Cobalt Operations
Highlights: – Jervois Board has approved full construction and development its 100%-owned Idaho Cobalt Operations in the United States – Approval follows the successful pricing and books closing of Jervois’ subsidiary’s offering of senior secured bonds to raise US$100 million, guaranteed by Jervois – Proceeds from the bond issue will be used to fund construction of Jervois’ ICO and bring it into production – … (TheNewswire) Highlights: – Jervois Board has approved full construction and development its 100%-owned Idaho Cobalt Operations (“ICO”) in the United States (the “U.S.”) – Approval follows the successful pricing and books closing of Jervois’ subsidiary’s offering of senior secured bonds to raise US$100 million, guaranteed by Jervois
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Key points Jervois progressing debt financing for Idaho Cobalt Operations 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 refinery in Brazil ICO commercial .
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