Jervois Global Limited (AU:JRV) has released an update.
Despite facing a period of low cobalt demand and pricing, Jervois Global Limited reported a positive operating cash flow of US$4.3 million for the quarter. The company has revised its full-year cobalt sales guidance and anticipates improved demand due to new U.S. regulations. Additionally, corporate efforts to strengthen the balance sheet include ongoing asset sale negotiations and the extension of a significant bond covenant waiver.
For further insights into AU:JRV stock, check out TipRanks’ Stock Analysis page.
