03 January 2025
03 January 2025
By 2026, the business is planning to produce 5,000t of rare-earth oxide annually.
KoBold plans to use the proceeds for new explorations and reinforcing its R&D efforts.
If implemented, these measures would continue China’s series of export restrictions on critical minerals and related technologies.
The company now plans to initiate a process to bring on a minority JV partner for the project.
The recapitalisation plan aims to strengthen Jervois Global's balance sheet and inject $145m of new equity capital.
The SPP provided eligible shareholders the opportunity to purchase shares at A$0.10 each.
The placement was partly underwritten by Canaccord Genuity and Morgans Financial up to $50.3m.
The surge in machinery patents is driven by the need for technological innovation to improve excavation processes.
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