Jervois Global Ltd. 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 on 9 May 2025. On January 28, 2025, Jervois Global Limited 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 [...]
Jervois Global Ltd. As announced on 22 April 2025, the Second Meeting of Creditors of the Companies 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 pursuant to Part 5.3A of the Corporations Act 2001. Deed of Company Arrangement On 9 May 2025, the DOCA was executed, wholly effectuated and terminated in [...]
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 [...]
Jervois Global Ltd. 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 of Jervois Global Limited and certain subsidiaries listed in the below schedule . Extension of convening period On 7 April 2025, the Administrators filed an originating process in the Supreme Court of New South Wales in relation to the external [...]
KPMG appointed as Voluntary Administrators 12 March 2025 - Jervois Global Ltd. announces: On 12 March 2025 David Hardy and Gayle Dickerson of KPMG were appointed as joint and several voluntary administrators of Jervois Global Limited and certain subsidiaries listed in the below schedule . The Companies and their various subsidiaries are a leading global supplier of advanced manufactured cobalt products. The Group's [...]
- Jervois Global Ltd. advises that confirmation orders have now been entered in the Group's Chapter 11 recapitalisation procedure . 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 [...]
Jervois Global Ltd. 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 . The first notice is purportedly given under section 249D of the Corporations Act 2001 . The notice requests that the Company call and arrange to hold a general meeting of shareholders for the purposes of [...]
Jervois Global Ltd. and certain of its affiliates have commenced the prepackaged United States chapter 11 procedure , 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 [...]
Jervois Global Ltd. advises the 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 as well as deferral of interest payments for the ICO Bonds have been extended to 29 January 2025 . On behalf of Jervois Global Limited Bryce Crocker, CEO For further information, please contact: Investors and analysts [...]
Jervois Global Ltd. refers to its announcement dated 2 January 2025 titled 'Jervois Global signs recapitalisation agreement'. The Australian Securities Exchange 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 [...]
Jervois Global has reached an agreement with Millstreet Capital Management, on a comprehensive proposed recapitalisation that will strengthen the group's balance sheet and provide US$145 million of new pre- and post-recapitalisation equity capital to fund the business and certain growth initiatives, including underpinning the restart of the São Miguel Paulista nickel cobalt refinery in Brazil. To effect the [...]
Jervois Global 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 Dec 2024. 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 [...]