JRV:CC - Transfer of Jervois Finland Working Capital Facility

(TheNewswire)

26 July 2024 – TheNewswire (Australia) Jervois GlobalLimited (“ Jervois ”) (ASX: JRV) (TSX-V: JRV) (OTC:JRVMF) advises that the debt under the Secured Working CapitalFacility (the “ Facility ”) provided by Mercuria EnergyTrading S.A. (“ Mercuria ”) to its 100% owned subsidiaryJervois Finland, has been transferred by Mercuria to the majoritybondholder (“ Investor ”) of the Idaho Cobalt OperationsUS$100 million Senior Secured Bond.

The Investor is now the Lender under the Facility. TheFacility continues to be secured against the assets and workingcapital in Jervois Finland, and the shares in Jervois Finland owned byJervois. The Facility continues to have an unsecured parent guaranteefrom Jervois. There are no changes to the terms of theFacility.

Jervois is continuing its engagement with the Investorand other parties on a potential financing or other solution tostrengthen Jervois’ balance sheet.

On behalf of Jervois Global Limited

Bryce Crocker, CEO

For further information, please contact:

Forward-LookingStatements

This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When used in this news release,the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule”, “expected” and other similar words or expressionsidentify forward-looking statements or information. Theseforward-looking statements or information may relate to the potentialfinancing or other solutions to strengthen Jervois balance sheet andcertain other factors or information. Such statements representJervois’ current views with respect to future events and arenecessarily based upon a number of assumptions and estimates that,while considered reasonable by Jervois, are inherently subject tosignificant business, economic, competitive, political and socialrisks, contingencies and uncertainties. Many factors, both known andunknown, could cause results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements. Jervois does not intend, and does not assume anyobligation, to update these forward-looking statements or informationto reflect changes in assumptions or changes in circumstances or anyother events affections such statements and information other than asrequired by applicable laws, rules and regulations.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

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