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Jervois Global Ltd. receives environmental approval for SMP Stage 1 construction

23.09.2022 | 1:54 Uhr | The Newswire

Australia, Sept. 23 2022 - Jervois Global Ltd. ("Jervois" or the "Company") (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) advises it has received an Environmental Installation License (the "LPI") for its 100%-owned São Miguel Paulista ("SMP") nickel cobalt refinery in São Paulo, Brazil.

This license from the State environmental regulator, Companhia Ambiental do Estado de São Paulo ("CETESB"), represents São Paulo State approval for construction of the Stage 1 SMP restart, another important milestone as Jervois continues detailed engineering on the restart prior to final investment decision.

Jervois forecasts to produce 10,000 metric tonnes per annum ("mtpa") and 2,000 mtpa of refined nickel and cobalt metal cathode respectively in Stage 1.

SMP is Latin America's only electrolytic class 1 nickel and cobalt refinery and operated successfully for more than 30 years prior to being placed on care and maintenance.

On behalf of Jervois Global Ltd.,

Bryce Crocker, Chief Executive Officer

For further information, please contact:

Investors and analysts:

James May

Chief Financial Officer

Jervois Global

james.may@jervoisglobal.com

Media:

Nathan Ryan

NWR Communications

nathan.ryan@nwrcommunications.com.au

Mob: +61 420 582 887

Forward-Looking Statements

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "expected" and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to permitting for SMP refinery, engineering for SMP refinery, construction and restart of SMP refinery and certain other factors or information. Such statements represent Jervois' current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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


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