Ann: Extensions to Waivers under Jervois Debt Facilities, page-15

The extension of Jervois Global's debt covenants until December 14, 2024, reflects a critical juncture for the company. Given its current financial challenges, particularly its strained cash flow and ongoing market difficulties in cobalt and nickel, several outcomes are possible for December 14:

1. Further Extension or Renegotiation: Jervois could secure an additional extension if it continues to negotiate with creditors. The company has a history of renegotiating debt terms in response to market conditions, and its ongoing discussions with strategic partners like GTP could help in securing further financial support

   
   

   
   

2. Restructuring or Recapitalization: If Jervois cannot stabilize its financial position, it may pursue a restructuring, possibly involving new debt arrangements or capital raising through shareholders or external sources. This could be driven by the company's efforts to alleviate cash-flow problems or scale down operations

3. Default Risk: If Jervois is unable to meet its obligations or secure necessary funding by the December deadline, the company could face default. This would likely lead to significant operational disruptions and a negative impact on shareholder value