Melbourne—Dentons has advised ASX listed Jervois Mining on its announced mergers with two Canadian listed companies. Upon completion, Jervois Mining will be ranked as one of the world’s largest cobalt focussed listed companies.

The first transaction announced 22 January 2019 is the planned merger with TSXV listed M2 Cobalt Corp which holds a significant portfolio of exploration tenements with cobalt potential in Uganda. The second transaction announced 2 April 2019 is the merger with TSX listed eCobalt Solutions Inc. With exploration projects in Canada, Mexico and the US, eCobalt’s flagship project is the Idaho Cobalt Project, the only near-term primary cobalt deposit in the US.

The transactions will be completed by way of separate and consecutive Plans of Arrangement under British Columbia law, with Jervois Mining being the surviving entity acquiring all of the issued and outstanding securities of both M2 Cobalt and eCobalt.

Jervois Mining will maintain its primary listing on the ASX and apply for a secondary listing on the TSXV to enable the merged group access to both the Australian and Canadian equity markets.

The Dentons deal team was led by John Mollard in Melbourne, Kimberly Burns in Vancouver and David Mpanga in Kampala, and included a number of lawyers from the respective offices.

Commenting on the deal Dentons partner John Mollard said “We are delighted to advise Jervois Mining on these ground breaking mergers. The vision of the combined entities is to become a significant global player in the battery raw materials sector, with operations in Africa, North America and Australia." 

"Dentons is uniquely able to support this vision by bringing together our securities and mining specialists across Australia, Canada and Uganda.”

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