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M2 Cobalt proposed merger with Jervois Mining

Mining News - Published on Fri, 24 May 2019

Image Source: Investing News Network
M2 Cobalt Corp announced that it will seek shareholder approval for its proposed merger with Jervois Mining Limited to form a cobalt industry leader. It plans to merge with Jervois and, subsequently, Idaho cobalt company eCobalt Solutions Inc. Shareholders will vote on the proposed merger with Jervois at a meeting in Vancouver on June 14. The newly formed company will have projects in Australia, East Africa and the US, including eCobalt’s Idaho Cobalt project, which boasts the highest combination of cobalt grade and scale in North America.

According to M2, the transaction with Jervois is well advanced, and the company does not expect the transaction with eCobalt to impact the timeline or the process of integrating operations with Jervois. M2’s merger with Jervois is subject to regulatory and shareholder approval, as well as Jervois’s conditional acceptable for listing on the TSX Venture Exchange.

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Posted By : Sanju Moirangthem on Fri, 24 May 2019
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