# Jervois Mining to merge with M2 Cobalt in all-share deal

Jervois Mining announced a friendly merger with TSXV-listed M2 Cobalt, where each M2 Cobalt share will be exchanged for one Jervois share. The deal gives Jervois a foothold in Uganda through the Kilembe copper-cobalt mine. Jervois also provided a US$3 million convertible bridge loan to M2 Cobalt.

- Type: Acquisition
- Announced: 2019-07-16
- Where: Kilembe, Uganda
- Status: announced
- Products: copper, cobalt
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Jervois Mining](https://endata.com/companies/36488.md) (acquirer)
- [M2 Cobalt](https://endata.com/companies/36490.md) (target)

## Sources

- [smallcaps.com.au](https://smallcaps.com.au/article/jervois-mining-uganda-merger-plans-m2-cobalt), 2019-07-16: "Jervois said the planned merger would give the company a 'transformational' foothold in Uganda through the historical Kilembe mine."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.