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16.05.25 - 15:00
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Jervois Announcement - Declaration to Shareholders (The Newswire)
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16 May 2025 – TheNewswire – Australia - Jervois Global Limited (In Liquidation) (TSX-V: JRV) (“Jervois”)
Declaration to shareholders
We refer to the announcement dated 12 May 2025 advising of the appointment of Gayle Dickerson, David Hardy and Ian Sutherland as liquidators of Jervois (Liquidators) on 9 May 2025.
On January 28, 2025, Jervois Global Limited (“Jervois”) and certain of its subsidiaries commenced chapter 11 bankruptcy cases in the United States, and on March 6, 2025, the presiding bankruptcy court approved Jervois's chapter 11 plan of reorganization (“Plan”). Thereafter, on 12 March 2025, Jervois and certain of its Australian subsidiaries commenced a voluntary administration in Australia, and a Deed of Company Arrangement (“DOCA”) was duly approved at a creditors' meeting, following which the DOCA was completed and all conditions to the Plan and the DOCA were declared effective on 9 May 2025 (“Effective Date”). The express terms of the Plan provided that a...
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12.05.25 - 15:01
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Jervois Global Limited (In Liquidation) (The Newswire)
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12 May 2025 – TheNewswire – Jervois Global Limited (TSX-V: JRV) (ASX: JRV) (OTC: JRVMF) (“Jervois”) As announced on 22 April 2025, the Second Meeting of Creditors of the Companies (as defined in the Schedule) (Second Meeting) was convened and held concurrently on 30 April 2025.
At the Second Meeting, creditors passed resolutions requiring the Companies to execute a Deed of Company Arrangement (DOCA) pursuant to Part 5.3A of the Corporations Act 2001 (Cth) (the Act).
Deed of Company Arrangement
On 9 May 2025, the DOCA was executed, wholly effectuated and terminated in accordance with its terms. The DOCA has been lodged with the Australian Securities and Investments Commission (ASIC) in accordance with Section 450B of the Act. Notice of the effectuation of the deed, in accordance with Section 445FA of the Act, has been lodged with ASIC.
Pursuant to the DOCA, and related transaction documents, Jervois' principal assets and businesses have been transferred to New JRV Topco Holdin...
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22.04.25 - 05:15
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Second Meeting of Creditors (The Newswire)
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22 April 2025 – TheNewswire – Australia - Jervois Global Limited (Administrators Appointed) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) As announced on 9 April 2025, the New South Wales Supreme Court made orders extending the statutory convening period in relation to the Companies.
The Second Meeting of Creditors has now been convened to be held concurrently on 30 April 2025 at 10:00am AEST, and will be held virtually via Microsoft teams.
At the Second Meeting, creditors will decide the future of the Companies by voting on one of the following options:
that the administration should end (in this case control of the company will revert to its directors); or
that the company should be wound up; or
that the company execute a DOCA.
The Administrators have published their Voluntary Administrators' Report to creditors. Within their report, the Administrators have recommended that creditors accept a Deed of Company Arrangement “DOCA” proposed by Millstreet, as it will provide for a bet...
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09.04.25 - 15:01
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Jervois Global Limited (Administrators Appointed) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) (The Newswire)
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KPMG appointed as Voluntary Administrators
9 April 2025 – TheNewswire – Jervois Global Limited (TSXV:JRV) (OTC:JRVMF) - I refer to the TSX-V Announcement dated 12 March 2025 that David Hardy and Gayle Dickerson of KPMG were appointed as joint and several voluntary administrators (“Administrators”) of Jervois Global Limited (Administrators Appointed) (“Jervois” or the “Company”) and certain subsidiaries listed in the below schedule (together, “the Companies”).
Extension of convening period
On 7 April 2025, the Administrators filed an originating process in the Supreme Court of New South Wales (Application) in relation to the external administration of the Companies.
On 8 April 2025, Justice Black of the New South Wales Supreme Court made Orders extending the statutory convening period in relation to the Australian Jervois Companies to 30 April 2025, with an order that the Administrators can convene the second meetings at any time before then (with any meeting requirin...
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12.03.25 - 13:15
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Jervois Global Limited (Administrators Appointed) (The Newswire)
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KPMG appointed as Voluntary Administrators
12 March 2025 – TheNewswire – Jervois Global Limited (TSX-V: JRV) (ASX: JRV) (OTC: JRVMF) announces:
On 12 March 2025 David Hardy and Gayle Dickerson of KPMG were appointed as joint and several voluntary administrators (“Administrators”) of Jervois Global Limited (Administrators Appointed) (“Jervois” or the “Company”) and certain subsidiaries listed in the below schedule (together, “the Companies”).
The Companies and their various subsidiaries (together, “the Group”) are a leading global supplier of advanced manufactured cobalt products. The Group's principal asset base is comprised of an operating cobalt facility in Finland, a non-operational cobalt mine in the United States (“U.S.”) and a non-operating nickel-cobalt refinery in Brazil.
The appointment followed the entry of an order by the U.S. Bankruptcy Court for the Southern District of Texas (the “Confirmation Order”) on 6 March 2025 (Houston time) ap...
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10.03.25 - 14:01
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Confirmation of Chapter 11 Plan (The Newswire)
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10 March 2025 – TheNewswire - (Australia) - Jervois Global Limited (“Jervois” or the “Group”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises that confirmation orders have now been entered in the Group's Chapter 11 recapitalisation procedure (“Chapter 11 Process”). Further information can be found at https://cases.stretto.com/Jervois.
The Group continues to work with its secured creditors to satisfy conditions to the Chapter 11 Process becoming effective. Jervois will keep the market informed of material developments.
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Alicia Brown
Group Manager – External Affairs
Jervois Global
alicia.brown@jervoisglobal.com
Media:
Nathan Ryan
NWR Communications
nathan.ryan@nwrcommunications.com.au
Mob: +61 420 582 887
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the...
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08.03.25 - 01:30
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Receipt of Section 249D Notices (The Newswire)
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7 March 2025 – TheNewswire - Jervois Global Limited (“Jervois” or the “Company”) advises in accordance with ASX Listing Rule 3.17A that it has received two notices from a group of shareholders holding at least 5% of the votes that may be cast at a general meeting of the Company (“Requisitioning Shareholders”).
The first notice is purportedly given under section 249D of the Corporations Act 2001 (Cth) (“Corporations Act”). The notice requests that the Company call and arrange to hold a general meeting of shareholders for the purposes of considering and, if thought fit, passing the resolutions set out in Part A of the attachment.
The second notice is also purportedly given under section 249D of the Corporations Act. The notice requests that the Company call and arrange to hold a general meeting of shareholders for the purposes of considering and, if thought fit, passing the resolutions set out in Part B of the attachment.
The Company is considerin...
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04.03.25 - 13:42
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Zeus North America Mining begrüßt Herrn Simon Clarke im Board of Directors (Rohstoff-Welt)
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Herr Clarke bringt 25 Jahre Erfahrung im Aufbau von Unternehmen und in der Umsetzung erfolgreicher Kapitalmarkt- und Wachstumsstrategien ein, die sich auf den Bereich Bergbau, Energie und Energietechnologie konzentrieren. Herr Clarke verfügt über bedeutende Erfahrungen und Kenntnisse im Raum der kritischen Mineralien und seine Funktionen bei American Lithium, M2 Cobalt und Jervois Mining umfassten die Leitung von Regierungs- und Stakeholder-Initiativen bezüglich der Versorgung mit Batteriemetallen in einer Reihe von Jurisdiktionen. Er hat insbesondere direkte Erfahrung mit den Initiativen für kritische Mineralien in den Vereinigten Staaten und der dringenden Notwendigkeit, einheimische Quellen zur Versorgung mit kritischen Mineralien zu erschließen,...
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29.01.25 - 00:15
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Jervois Global Commences Chapter 11 Recapitalisation Procedure (The Newswire)
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28 January 2025 (Australia) – TheNewswire - Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) and certain of its affiliates have commenced the prepackaged United States (“U.S.”) chapter 11 procedure (the “Chapter 11 Process”), as announced on 2 January 2025.
Shareholders will receive in hard copy a Combined Hearing Notice, a Non-Voting Status Notice, and an Opt-Out Form, which collectively notify recipients about the Chapter 11 Process. Shareholders are encouraged to read these documents and any other documents they may receive. Further information can be found at https://cases.stretto.com/Jervois.
As previously advised, during this process, Jervois shares are suspended from trading on the ASX, the TSX-V and U.S. OTC market.
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Alicia Brown
Group Manager – External Affairs
Jervois Global
alicia.b...
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28.01.25 - 01:30
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Extension of Waivers and Interest Deferral (The Newswire)
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28 January 2025 (Australia) – TheNewswire - Jervois Global Limited (“Jervois”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises the waivers announced on 27 November 2024 in relation to the Jervois Finland Working Capital Facility (“Facility”) and the US$100 million 12.5% Idaho Cobalt Operations senior secured bonds (“ICO Bonds”) as well as deferral of interest payments for the ICO Bonds have been extended to 29 January 2025 (New York).
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Alicia Brown
Group Manager – External Affairs
Jervois Global
alicia.brown@jervoisglobal.com
Media:
Nathan Ryan
NWR Communications
nathan.ryan@nwrcommunications.com.au
Mob: +61 420 582 887
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibili...
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15.01.25 - 01:15
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Jervois Global Proposed Recapitalisation - ASX Regulatory Update (The Newswire)
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15 January 2025 - Australia – TheNewswire - Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) refers to its announcement dated 2 January 2025 titled 'Jervois Global signs recapitalisation agreement'.
The Australian Securities Exchange (“ASX”) has confirmed to Jervois that ASX Listing Rules 11.1.2 and 11.2 regarding circumstances requiring shareholder approval do not apply to the proposed recapitalisation.
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Alicia Brown
Group Manager – External Affairs
Jervois Global
alicia.brown@jervoisglobal.com
Media:
Nathan Ryan
NWR Communications
nathan.ryan@nwrcommunications.com.au
Mob: +61 420 582 887
Copyright (c) 2025 TheNewswire - All rights reserved....
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02.01.25 - 14:31
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Jervois Global Signs Recapitalisation Agreement (The Newswire)
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Jervois reaches funding and recapitalisation agreement with Millstreet Capital Management, which will result in Jervois being recapitalised through a prepackaged United States Chapter 11 procedure and becoming a private group
Transaction implementation will not disrupt commercial operations or business continuity; completion of the transaction will result in a stronger balance sheet with additional capital to revitalise its business plan
US$145 million new equity capital pre- and post-recapitalisation to fund business, including funding to restart the São Miguel Paulista nickel cobalt refinery in Brazil
Total forecast debt reduction of US$170 million including a full debt to equity conversion of the US$100 million ICO Bonds and US$25 million Jervois Global Convertible Notes plus an expected US$44.5 million repayment of JFO Working Capital Facility principal on transaction close
Millstreet extends its existing US$150 million JFO Working Capital Facility from March 2025 to March 2026 on amended te...
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02.01.25 - 08:36
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XFRA : IHS: Aussetzung/Suspension (XETRA)
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DAS/ DIE FOLGENDE(N) INSTRUMENT(E) IST/ SIND AB SOFORT AUSGESETZT:
THE FOLLOWING INSTRUMENT(S) IS/ ARE SUSPENDED WITH IMMEDIATE EFFECT:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
JERVOIS GLOBAL LTD. IHS AU000000JRV4 BAW/UFN...
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23.12.24 - 15:01
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Extension to milestone dates (The Newswire)
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23 December 2024 – TheNewswire - (Australia) - Jervois Global Limited (“Jervois”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises the period in which Jervois shall meet certain milestones in relation to potential transactions to recapitalise Jervois' balance sheet has been extended from 20 December 2024 to 31 December 2024 (Australia). Negotiations continue to advance in respect of these potential restructuring transactions.
The existing waivers announced on 27 November 2024 in relation to the Jervois Finland Working Capital Facility and the US$100 million 12.5% Idaho Cobalt Operations senior secured bonds remain in place until 31 December 2024.
On behalf of Jervois Global Limited
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts:
Alicia Brown
Group Manager – External Affairs
Jervois Global
alicia.brown@jervoisglobal.com
Media:
Nathan Ryan
NWR Communications
nathan.ryan@nwrcommunications.com.au
Mob: +61 420 582 887
Forward-Looking Statemen...
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11.12.24 - 19:37
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U.S. cobalt miner to Trump: use tariffs as ′scalpel′ not ′sledgehammer′ (Reuters EN)
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REUTERS NEXT-U.S. cobalt miner to Trump: use tariffs as 'scalpel' not 'sledgehammer' Miner says tariffs should be used strategically, not bluntly Cobalt demand rising globally, but market oversupplied Jervois favors metals sourcing requirements for manufacturers Cobalt market not seen as 'level playing field' By Ernest Scheyder and Shashwat Awasthi NEW YORK, Dec 11 (Reuters) - U.S....
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26.11.24 - 23:54
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Jervois Secures Additional US$24.5M Under Working Capital Facility (The Newswire)
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27 November 2024 (Australia) – TheNewswire – Jervois Global Limited (“Jervois”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises it has secured from its lender under the Jervois Finland Working Capital Facility (the “JFO Facility”) a US$24.5 million increase in the limit for the delayed draw term loan (the “Term Loan”), first announced on 9 September 2024. This increases the Term Loan limit to US$32.0 million, with US$7.5 million drawn to-date.
US$8.0 million of the Term Loan limit increase is available to be drawn in accordance with Jervois' budgetary needs, including all parties restructuring costs, prior to 14 December 2024. A further US$16.5 million is available to be drawn thereafter, again in accordance with Jervois' budgetary needs including restructuring, and subject to certain milestones in relation to potential transactions to recapitalise Jervois' balance sheet. Due diligence and negotiations continue to advance in respect of these potential restructuring transactions.
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