viewM2 Cobalt Corp

M2 Cobalt one step closer to finalizing merger with Jervois Mining

Shareholders will vote on the proposed merger with Jervois at a meeting in Vancouver on June 14

M2 Cobalt has a portfolio of projects in Uganda, including Kilembe (pictured)

M2 Cobalt Corp (CVE:MC) announced Wednesday that it will seek shareholder approval for its proposed merger with Jervois Mining  Limited (ASX:JRV) to form a cobalt industry leader.

The Vancouver-based company announced in April that it plans to merge with Jervois and, subsequently, Idaho cobalt company eCobalt Solutions Inc (TSE:ECS).

Shareholders will vote on the proposed merger with Jervois at a meeting in Vancouver on June 14.

READ: M2 Cobalt and Jervois Mining to form cobalt industry leader in merger with eCobalt Solutions

The newly formed company will have projects in Australia, East Africa and the US, including eCobalt’s Idaho Cobalt project, which boasts the highest combination of cobalt grade and scale in North America.

According to M2, the transaction with Jervois is well advanced, and the company does not expect the transaction with eCobalt to impact the timeline or the process of integrating operations with Jervois.

M2’s merger with Jervois is subject to regulatory and shareholder approval, as well as Jervois’s conditional acceptable for listing on the TSX Venture Exchange.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: M2 Cobalt Corp

Price: - CAD

Market: TSX-V
Market Cap: -

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M2 Cobalt and Jervois Mining become one in a friendly merger

M2 Cobalt (CVE:MC) CEO Simon Clarke sat down to chat with Steve Darling  from Proactive Investors Vancouver to discuss M2 and Jervois merging to create one company. M2 will make up 22.1 percent of Jervois. Clarke tells Proactive the merger is friendly and  will also give M2 one seat...

on 22/1/19

2 min read