Jervois Global Limited ("Jervois") (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) has agreed with the majority bondholder (the "Holder") of theUS$100 million 12.5% Idaho Cobalt Operations ("ICO") senior secured bonds (the "ICO Bonds") that the Holder will support a waiver of all financial covenants (the "Waiver") until20 July 2024 . The ICO Bonds were issued by a JervoisU.S. subsidiary, secured by ICO and guaranteed by Jervois in 2021. As a result of the challenging business and operating environment, Jervois is in need of financial flexibility in order to minimise any risk of disruption of operations and to provide a stable basis for discussions with Bondholders and other creditors and third-party investors to provide a sustainable capital structure to support the Group and its business on an on-going basis. In consideration of the above, Jervois has requested the waiver in order to provide a suspension to its obligation to comply with and report on financial covenants set out in the Bond Terms until20 July 2024 . Until the Waiver is implemented, the Holder has also agreed to forbear remedies associated with financial covenant compliance. Please see attached for more detail and a copy of the ASX continuous disclosure announcement. This information is subject to disclosure pursuant to section 3.5.1 of the Nordic AMB Issuer Rules.
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