Transfer of Jervois Finland Working Capital Facility by Jervois Global Limited

Jervois Global Limited (ASX: JRV) announced the transfer of debt under the Secured Working Capital Facility. The debt, previously provided by Mercuria Energy Trading S.A. to its 100% owned subsidiary Jervois Finland, has been transferred to the majority bondholder of the Idaho Cobalt Operations US$100 million Senior Secured Bond. As a result, the Investor is now the Lender under the Facility. Despite these changes, all terms of the Facility remain the same.

The Facility continues to be secured against the assets and working capital in Jervois Finland and the shares in Jervois Finland owned by Jervois, with the additional security of an unsecured parent guarantee from Jervois. Moreover, Jervois is actively discussing with the Investor and other parties to explore potential financing or other innovative solutions to fortify its balance sheet.

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