Jervois Global Extends Recapitalization Milestone Deadline; Shares Rise 9%

MT Newswires Live

2024/12/27

Jervois Global (ASX:JRV) secured a deadline extension to meet milestones related to its balance sheet recapitalization to Dec. 31 from Dec. 20, according to a Monday filing with the Australian bourse.

Negotiations for potential restructuring transactions are ongoing, with existing waivers on the Jervois Finland working capital facility and $100 million senior secured bonds for the Idaho Cobalt Operations remaining in place until Dec. 31, the filing said.

Shares of the company rose 9% in recent Friday trade.

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