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Jervois into the strategic acquisition game

Posted on - 11 Aug 2021

Category - News & Views

Jervois Mining (ASX:JRV) catapulted back into the forefront of the battery materials sector this month with the announcement that it is to acquire the Freeport Cobalt refining business from Lundin Mining (TSX:LUN) for US$160m. Jervois secured a US$100m bond offering and announced a A$313m (US$230m) equity raise to fund the acquisition, as well as construction of its Idaho Cobalt project in the US. The company is now on course to become the second-largest cobalt refiner outside China with the Freeport acquisition added to last year’s deal to acquire the São Miguel Paulista (SMP) nickel and cobalt refinery in São Paulo,...

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Cobalt Jervois Nickel