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Jervois presents at U.S. House Select Committee roundtable

11.07.2024  |  The Newswire
11 July 2024 - (Australia) Jervois Global Ltd. ("Jervois") (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) advises its Executive General Manager - Commercial, Mr. Wayde Yeoman, presented at a United States ("U.S.") House of Representatives roundtable in Washington D.C. earlier today (U.S. time).

The session was organised by the seven-member Critical Minerals Policy Working Group of the U.S. House Select Committee on the Strategic Competition Between the U.S. and the Chinese Communist Party ("Congressional Committee").

Mr. Yeoman presented to the working group on critical minerals of the Congressional Committee, providing an overview of Jervois' business including its 100% owned Idaho Cobalt Operations (the largest and highest grade confirmed cobalt orebody in the U.S.), the cobalt market and China's participation, critical mineral stockpiling and the Committee's proposal for a Resilient Resource Reserve.

In December 2023, the Committee released legislative recommendations in relation to U.S. relations with China, including cobalt pricing support for domestic American production (see press release "Jervois welcomes U.S. Congressional Select Committee proposal for a reserve to sustain cobalt price", dated 13 December 2023).

The proposed Resilient Resource Reserve is designed to insulate U.S. critical mineral producers, including cobalt, from Chinese induced price volatility and manipulation.

On behalf of Jervois Global Limited

Bryce Crocker, CEO

For further information, please contact:

Investors and analysts:

Alicia Brown

Group Manager - External Affairs

Jervois Global



Nathan Ryan

NWR Communications


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 the Resilient Resource Reserve 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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