The following is a summary of the Jervois Global Limited (JRVMF) Q1 2024 Earnings Call Transcript:
Financial Performance:
Jervois Global Limited reported Q1 2024 revenue of US$40 million from its Finland operations, delivering its fourth successful quarter of positive adjusted EBITDA.
The company's cash balance was at US$26.6 million, with expenses including a semi-annual bond interest payment for US$6.25 million.
The Mercuria loan balance remained at US$44 million.
Business Progress:
Jervois Global Limited's Q1 saw progress in several areas including asset improvement initiatives, a progressing partnership with the Department of Defense, and continuous work on the cobalt refinery bankable feasibility study.
Sales volumes increased by 13% in comparison to the previous quarter, while the costs of key inputs like refinery reagents are falling due to cost improvement programs.
The company is also working on implementing a cobalt price floor for US cobalt production in collaboration with the US government.
More details: JERVOIS GLOBAL LTD IR
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