Jervois Global Limited (AU:JRV) has released an update.
Jervois Global Limited has maintained a positive financial performance despite the cobalt market’s downturn, reporting their fourth consecutive quarter of positive Adjusted EBITDA at US$0.7 million. The company is actively engaging with lenders to strengthen their balance sheet and has made significant progress in their U.S. and Brazil operations, including the completion of initial drilling at the RAM deposit and the pursuit of project-level funding for the São Miguel Paulista refinery restart. With a solid quarter-end cash balance and cobalt inventory, Jervois is advancing strategically amid challenging market conditions.
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