Jervois sells royalties to Cobalt 27
PERTH (miningweekly.com) – ASX-listed Jervois Mining has sold the Nyngan and Flemington royalties to TSX-listed Cobalt 27 Capital Corporation, for $4.5-million.
Jervois held a 1.5% gross revenue royalty over the Flemington-Syerston nickel/cobalt/scandium deposit, in New South Wales, and a 1.7% gross revenue royalty over the Nyngan minerals deposit, also in New South Wales.
Cobalt 27 would acquire the royalties for $1.5-million in cash and $3-million in common shares of Cobalt 27.
Jervois said on Monday that the agreement with Cobalt 27 established a commercial relationship on which to build, with the two companies’ respective business models viewed to be complementary.
The ASX-listed company will retain its royalty interest in the Bullabulling, Forest Reefs and Mt Moss projects, with the Bullabulling gold project identified as the most valuable royalty asset held.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation