Jervois secures US$100 million bond offering to fund Idaho Cobalt Operations
Jervois secures US$100 million bond offering to fund Idaho Cobalt Operations Highlights: --Jervois has successfully priced and closed the books on its subsidiary’s offering of senior secured bonds to raise US$100 million, guaranteed by Jervois --Proceeds from the bond issue will be used to fund construction of Jervois’ Idaho Cobalt Operations (“ICO”) in the United States (“U.S.”) and bring it into production --Jervois expects to commence commercial concentrate production at ICO from mid-2022 --The bond issue is repayable in mid-2026 and preserves commercial flexibility th...