(via TheNewswire)
Highlights:
Jervois commences a
US$0.3 million site selection process (“Site Selection”) for its proposed cobalt refinery inthe United States (“U.S.”), as the first stage of preparing a bankable feasibility study (“BFS”) for the refineryBFS (including Site Selection) is fully-refundable by the
U.S. Government via the previously announcedUS$15.0 million Department of Defense , Defense Production Act Title III funding agreementSite Selection will consider technical, operational, environmental and safety parameters to underpin the long term competitiveness of a
U.S. -located cobalt refinery, together withU.S. Government investment frameworks and incentives at the local, state and federal levelsBFS will be based on the flowsheet, initial engineering, environmental assessment and other BFS sections already developed by
Jervois Finland andAFRY Finland Oy for the expansion in capacity of Jervois’ Kokkola operations which has been paused in favor of the proposedU.S. -located refineryCobalt is a critical mineral as declared by the
U.S. Government due to cobalt’s defense, military and energy transition applications
Jervois expects to spend
Site Selection will consider local, state and federal incentives; permitting processes; security of supply chains; logistics; access to workforce capacity and capability; and other technical and operational requirements, all to underpin a globally competitive facility.
Jervois’ team is also engaged working on the BFS for the proposed
On behalf of Jervois.
For further information, please contact:
Investors and analysts: Group Manager – External Affairs alicia.brown@jervoisglobal.com | Media: nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Forward-Looking Statements
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable 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 expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the site selection, the BFS being undertaken, the additional works to be considered, future development plans, refund of costs by the
These forward-looking statements are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company and its related bodies corporate and affiliates (and each of their respective directors, securityholders, officers, employees, partners, agents, advisers and management), and could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or any projections and assumptions on which those statements are based.
Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. These statements may assume the success of the Company’s business strategies, the success of which may not be realised within the period for which the forward-looking statements may have been prepared, or at all.
The forward-looking statements are based on information available to the Company as at the date of this announcement. Except as required by applicable laws, rules or regulations, none of the Company, its representatives or advisers intends to, or undertakes to, or assumes any obligation to, provide any additional information, update or revise the statements in this announcement, whether as a result of a change in expectations or assumptions, new information, future events, results or circumstances.
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