Tuesday, January 30, 2024 1:09:09 PM
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
Recent JRV News
- TSX Venture Exchange Stock Maintenance Bulletins • PR Newswire (Canada) • 08/04/2023 09:47:00 PM
- Further Acquisition of Shares of Jervois Global Limited • PR Newswire (Canada) • 07/28/2023 05:54:00 PM
- Acquisition of Shares of Jervois Global Limited • PR Newswire (Canada) • 07/12/2023 02:27:00 PM
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - JRV • PR Newswire (Canada) • 07/04/2023 01:52:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - JRV • PR Newswire (Canada) • 07/04/2023 01:49:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - JRV • PR Newswire (Canada) • 06/27/2023 12:35:00 PM
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