Jervois Global Limited (AU:JRV) has released an update.
Jervois Global Limited reported a Q1 2024 Adjusted EBITDA of US$0.7 million, marking its fourth consecutive quarter of profit amid challenging cobalt market conditions and operational disruptions. The company announced an initial JORC Mineral Resource Estimate for the Sunshine deposit in the U.S., highlighting its potential as a strategic domestic cobalt source. Additionally, Jervois ended the quarter with a strong cash balance and is actively engaging in asset partnering initiatives to enhance its balance sheet.
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