Item 8.01. Other Events.
On
Under the terms of the transaction, Jervois will acquire 100% of Freeport Cobalt
for
Under the terms of the agreement, the consideration at closing may include up to
9.9% of Jervois shares. Assuming a full allotment of shares, FCX currently
estimates its net share of the proceeds, excluding contingent consideration,
would approximate
The financial contribution of the business was not significant to FCX's financial results during 2020 and the first half of 2021.
The transaction is subject to the completion of Jervois financing and other customary closing conditions and is expected to close in the third quarter of 2021.
--------------------------------------------------------------------------------
© Edgar Online, source