KAA is advising ASX-listed Jervois Mining on its planned mergers with Canada’s M2 Cobalt and eCobalt Solutions Inc.

Firm: Dentons (Jervois Mining)

Deal: Dentons is advising ASX-listed Jervois Mining on mergers with two Canadian listed companies.

Value: Undisclosed

Area: Mining, Corporate, M&A

Key players: John Mollard led Dentons’ Melbourne team, while Vancouver’s team was headed up by Kimberly Burns, with David Mpanga holding responsibility in Kampala, Uganda.

Deal significance: Upon completion of the mergers, Jervois Mining will be ranked as one of the world’s largest cobalt focused listed companies, Dentons said.

The first transaction, announced in January, is the planned merger of Jervois Mining with TSXV-listed M2 Cobalt.

M2 Cobalt holds a significant portfolio of exploration tenements with cobalt potential in Uganda, Dentons explained.

The second transaction, announced on 2 April, would see Jervois Mining merge with TSX-listed eCobalt Solutions Inc.

This company holds exploration projects in Canada, Mexico and the US, with a flagship Idaho project, which is the only near-term primary cobalt deposit in the US, according to a statement.

Dentons has clarified that the transactions will be completed by way of separate and consecutive plans of arrangement under British Columbia law.

Jervois Mining will be the surviving entity, and acquire all of the issued and outstanding securities of both M2 Cobalt and eCobalt, it was noted.

As a result of the mergers, Jervois Mining will maintain its primary ASX listing, and apply for a secondary listing on the TSXV to enable access to both Australian and Canadian equity markets.

Melbourne’s John Mollard commented that Dentons is “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,” he explained.

“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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