Niocorp Developments Ltd (NB)

[douginil]

Another free enterprise firm 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 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