(TheNewswire)
Victoria, Australia – TheNewswire – July 18, 2022 - Jervois Global Limited (“ Jervois ”) (ASX:JRV)(TSXV:JRV) (OTC:JRVMF) has now closed its previously announcedacquisition from Companhia Brasileira de Alumínio (“ CBA ”) of 100% ofthe São Miguel Paulista nickel cobalt refinery (“ SMP ”) in SãoPaulo, Brazil. Total consideration to be paid for the acquisition isR$125 million in cash. Jervois paid the initial R$15 million paymentin late 2020 when the acquisition was publicly announced and a furtherR$47.5 million on closing in accordance with the previously announcedterms of the purchase agreement. The remaining R$62.5 million is tobe paid on the earlier to occur of commencement of commercialproduction at SMP and June 2023, per the purchase agreement.
A Jervois technical and commercial team is currentlyworking onsite at SMP undertaking detailed planning for the expectedrestart of SMP which is Latin America’s only electrolytic class 1nickel and cobalt refinery.
On behalf of Jervois Global Limited,
Bryce Crocker, Chief Executive Officer
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois Global | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
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 theacquisition of SMP refinery, the restart of the SMP refinery 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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