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Jervois secures US$100 million bond offering to fund Idaho Cobalt Operations


Jervois secures US$100 million bond offering to fund Idaho Cobalt Operations
 
Highlights:
Jervois has successfully priced and closed the books on its 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’ Idaho Cobalt Operations (“ICO”) in the United States (“U.S.”) and bring it into production 
Jervois expects to commence commercial concentrate production at ICO from mid-2022 
The bond issue is repayable in mid-2026 and preserves commercial flexibility through ICO construction by not obliging Jervois to irrevocably commit cobalt supply early 
Jervois continues to advance funding support discussions with the U.S. Government  ....

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Jervois Board approves full construction of Idaho Cobalt Operations


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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