M2 Cobalt ("M2") and Jervois Mining ("Jervois") to create global industry leader as Jervois announces additional merger with eCobalt

ID: 1548165
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Friendly at-market merger of Jervois and eCobalt to follow merger of M2 and Jervois

Results in enlarged group with greater scale, liquidity and diversification and significant re-rating potential

Pro forma cash of group of approximately A$16.5 million (C$15.7 million)

Australian, East African and United States project pipeline that now includes the Idaho Cobalt Project, the highest combination of cobalt grade and scale in North America

M2 Cobalt Corp. (TSXV:MC) (?M2 Cobalt?) https://www.commodity-tv.net/c/search_adv/?v=298831

is pleased to announce its full support of the merger of Jervois Mining Limited (ASX:JRV) (?Jervois?) and eCobalt Solutions Inc. (TSX:ECS) (?eCobalt?).sly announced terms.

The merged group will create an industry leader, with a diverse portfolio of development and exploration stage assets in Australia, East Africa and the United States.

Simon Clarke, Chief Executive Officer of M2 Cobalt, noted ?we are fully supportive of Jervois undertaking a transaction with eCobalt, and look forward to securing eCobalt?s high-grade Idaho Cobalt Project for the combined group.ry materials supplier and secures one of the highest quality cobalt deposits globally.?

For further information regarding the merger of Jervois and eCobalt, readers are encouraged to review the joint release issued by both companies as of the date of this release.

Completion of the mergers between M2 Cobalt and Jervois, and eCobalt and Jervois, remains subject to customary closing conditions, including the receipt of any required regulatory, court and stock exchange approvals, the approval of the shareholders of each of M2 Cobalt and eCobalt, and Jervois being conditionally accepted for listing on the TSX Venture Exchange.

About Jervois

Jervois has been listed on the Australian Securities Exchange (ASX) under the ticker JRV for more than 50 years.

Jervois is focused on moving its Nico Young Cobalt-Nickel Project into production with the company close to finalising a pre-feasibility study (PFS). www.jervoismining.com.au.

About eCobalt

eCobalt is an advanced-stage development company with near-term primary cobalt production.www.ecobalt.com.

About M2 Cobalt

M2 Cobalt is focused on discovering and developing world-class cobalt assets (and related minerals) to help address the growing deficit in the supply of cobalt. M2 Cobalt has a large, highly prospective land package in the Republic of Uganda, East Africa bordering historic production and on the same mineral trends as some of the major mines in the neighbouring DRC where over 60% of world cobalt supply originates.www.m2cobalt.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements, which relate to future events or future performance and reflect management?s current expectations and assumptions.n words such as "anticipate", "intend", "plan", "will", "would", "estimate", "expect", "believe", "target", "indicative", "preliminary", or "potential".atory approvals and satisfaction of other customary closing conditions, the secondary listing of Jervois common shares on the TSX Venture Exchange, and expectations regarding future exploration, licensing, development, growth and potential of Jervois?, eCobalt?s and M2 Cobalt?s operations, projects performance or achievements expressed or implied by such forward-looking statements.ess and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in M2 Cobalt?s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com ).

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Date: 04/01/2019 - 11:40
Language: English
News-ID 1548165
Character count: 8939
Firma: Swiss Resource Capital AG
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Stadt: Herisau


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