Currently viewing Global edition

New cobalt producer finds more funding for growth

Australia's Jervois Global is raising US$150 million in an underwritten placement, supported by the company’s biggest shareholder AustralianSuper (which is putting in $36.1 million), commodity trader Mercuria ($10.5 million), and board and management ($1.3 million).

New cobalt producer finds more funding for growth New cobalt producer finds more funding for growth New cobalt producer finds more funding for growth New cobalt producer finds more funding for growth New cobalt producer finds more funding for growth

The Idaho cobalt operation

Pricing is at A42c per share, with the stock trading at around 50c prior to the fund raising.

Jervois is in the process of becoming a vertically integrated cobalt company and nickel producer.

Most read Finance