Jervois Global Limited (AU:JRV) has released an update.
Jervois Global Limited has secured further extensions from its majority bondholder and lender for waiver extensions on its US$100 million Idaho Cobalt Operations bonds and Jervois Finland Working Capital Facility. This move, which postpones financial covenant compliance and interest payments until December 2024, is part of ongoing negotiations to bolster the company’s financial health. The extensions indicate Jervois’ strategic efforts to strengthen its balance sheet amidst financial challenges.
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