07
Feb
15:49
COBALT: Jervois Global makes $50m drawdown for Idaho project construction
Australia-based Jervois Global Ltd has completed the first of two drawdowns of the $100 million in secured bonds to finance construction of its Idaho Cobalt Operations in the western United States, Kallanish reports.
The 50% drawdown on the bonds follows a January 2022 site visit by RPM Global as the independent engineer on behalf of the bondholders and a submission to the bonds’ trustee of an affirmed cost-to-complete review that confirmed that the project …
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Very good overview of the weekly steel market.
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