https://www.engineeringnews.co.za

Jervois gains entry into Uganda with M2 Cobalt buyout

19th June 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

ASX-listed Jervois Mining has completed a plan of arrangement to acquire TSX-listed M2 Cobalt.

The acquisition provides Jervois entry into Uganda to complement its East African ambitions, particularly regarding opportunities around the historic Kilembe mine and the Kasese cobalt refinery.

Former M2 Cobalt CEO and executive director Simon Clarke has joined Jervois’ board of directors as a nonexecutive director, while Stephen van der Sluys has stepped down as a director of Jervois.

Former M2 Cobalt CFO Andy Edelmeier will continue as interim CFO of Jervois.

Following the receipt of a final acceptance bulletin from the TSX-V, Jervois will begin trading on the exchange on or about June 21. It will also retain its primary listing on the ASX.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.055 1.14s - 140pq - 2rq
Subscribe Now