# Jervois to acquire Freeport Cobalt for US$160 million

Jervois Mining Limited has agreed to acquire 100% of Freeport Cobalt, including a cobalt refinery in Kokkola, Finland, for US$160 million. The acquisition is expected to close at the end of August 2021.

- Type: Acquisition
- Announced: 2021-07-27
- Where: Kokkola, Finland, Finland
- Value: $160.0M
- Status: announced
- Capacity: 6,250 mtpa cobalt refining capacity
- Products: refined cobalt
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Jervois Mining](https://endata.com/companies/36488.md) (acquirer)
- [Freeport Cobalt](https://endata.com/companies/56693.md) (target)
- [Koboltti Chemicals Holdings Limited](https://endata.com/companies/56694.md) (partner)

## Sources

- [tnw-a.thenewswire.com](https://tnw-a.thenewswire.com/press-releases/1kWVFDE9p-jervois-to-acquire-freeport-cobalt-for-us-160-million.html), 2021-07-27: "Jervois to acquire 100% of Freeport Cobalt by purchasing all the shares of Freeport Cobalt Oy and four affiliated entities from Koboltti Chemicals Holdings Limited."

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