An update from Jervois Global ( (AU:JRV) ) is now available.
Jervois Global Limited has appointed KPMG as voluntary administrators following a Chapter 11 reorganization plan approved by the U.S. Bankruptcy Court. This move is part of a restructuring support agreement with Millstreet Capital Management LLC, aiming to ensure the continuity of operations. The company’s subsidiaries in Finland, Brazil, and the U.S. remain unaffected, and operations are expected to continue as usual. Interested parties are invited to submit proposals for sale or recapitalization, and a first statutory meeting of creditors is scheduled for 24 March 2025.
More about Jervois Global
Jervois Global Limited is a leading global supplier of advanced manufactured cobalt products. The company’s principal asset base includes an operating cobalt facility in Finland, a non-operational cobalt mine in the United States, and a non-operating nickel-cobalt refinery in Brazil.
Average Trading Volume: 136,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $18.65M
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