CAPITAL MARKETS

Jervois get strong backing for cobalt, nickel ventures

Jervois Mining has closed a A$45 million fundraising it claims was “significantly oversubscribed”, with the funds going towards its Idaho cobalt project and the recently unveiled Sao Miguel Paulista nickel-cobalt refinery acquisition in Brazil.

 Jervois Mining's Idaho project in Idaho, USA

Jervois Mining's Idaho project in Idaho, USA

The fundraising priced new shares at 30.5c, a 1.2% discount to trading levels over the past 10 days. Existing shareholder AustralianSuper cornerstoned the raising by putting in $18.5 million, while...

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