Jervois

What Jervois does

Jervois Global Limited is a publicly listed Australian mining and mineral processing company specializing in cobalt and nickel operations that supply battery-grade materials to electric vehicle manufacturers and battery producers. The company operates through two core subsidiaries: Jervois Finland, which runs a cobalt refinery whose expansion has been designated a strategic project under the EU Critical Raw Materials Act, and Jervois Brazil, which owns the São Miguel Paulista nickel and cobalt refinery in São Paulo that has been idle since 2016 and is now being revitalized by EPCM contractor Ausenco to restore 12,000 tonnes per annum of Class 1 battery-grade nickel production and 2,000 tonnes per annum of cobalt production capacity by 2027.

The company's core technology is hydrometallurgical refining — converting mined nickel and cobalt into Class 1 battery-grade materials that meet the purity specifications required for lithium-ion battery cathodes. Target production capacity at the Brazil facility alone is sufficient to support approximately two million EV battery systems annually. Jervois does not disclose pricing or commercial terms publicly; battery metals are sold as commodities priced against global benchmark rates (LME for nickel, Fastmarkets for cobalt). Distribution is handled through direct enterprise sales relationships with EV OEMs and battery cell producers, positioning Jervois as a Western-aligned (non-Chinese) supplier within US Inflation Reduction Act and EU CRMA compliant supply chains.

The business model is currently pre-revenue at the consolidated level, with the Brazil facility in development and the Finland refinery in expansion mode. Revenue, when generated, will flow from hardware sales of refined Class 1 nickel and cobalt to battery materials customers. Capital is sourced through a combination of equity (including a 23.15% stake held by AustralianSuper acquired in July 2023) and debt facilities (a USD 24.5M working capital facility secured in November 2024). Historical financials show persistent operating losses consistent with a development-stage asset, and the company has executed multiple funding rounds and upstream acquisitions (eCobalt Solutions in 2019, M2 Cobalt in 2019) to consolidate resource base and downstream refining capacity ahead of commercial operations.

Name

Jervois

Legal name

Jervois Global Limited

Website

https://jervoisglobal.com

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

11–50 employees

Short description

Jervois Global Limited is a publicly listed Australian mining and refining company that produces Class 1 battery-grade nickel and cobalt for electric vehicle manufacturers and battery cell producers, operating refineries in Finland and Brazil with capacity targets of 12,000 tpa nickel and 2,000 tpa cobalt.

Ownership category

akta.pro rank

Product category

Battery Materials and Critical Minerals Refining

SIC

Metal Mining (1000)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industry

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Battery-grade nickel
• Cobalt refining
• Critical minerals supply
• EV battery materials
• Mining and processing

Headquarters

HQ city

Hampton

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Others

Revenue model

1. Battery-Grade Metals Sales: Jervois generates revenue through mining and refining of nickel and cobalt, selling battery-grade materials to electric vehicle manufacturers and battery producers. The company operates refineries in Finland and Brazil with capacity to support approximately two million EV battery systems annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Jervois mines and refines nickel and cobalt to produce Class 1 battery-grade materials for the electric vehicle and lithium-ion battery supply chains. The company operates wholly-owned refineries in Brazil (São Miguel Paulista) and Finland, targeting combined capacity of 12,000 tonnes per annum of battery-grade nickel and 2,000 tonnes per annum of cobalt, sufficient to support approximately two million EV battery systems annually.

Product overview

Jervois operates nickel and cobalt mining and refining operations. The company operates the Jervois nickel and cobalt refinery in São Miguel Paulista, São Paulo, Brazil, which is being revitalized to restore 12,000 tonnes per annum of Class 1 battery-grade nickel production and 2,000 tonnes per annum of cobalt production capacity. The company also has a cobalt refinery expansion project in Finland. These operations supply materials for electric vehicle battery systems and the broader battery supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Class 1 Battery-Grade Nickel
• Battery-Grade Cobalt

Quantifiable outcome

• 12,000 tpa Class 1 battery-grade nickel and 2,000 tpa cobalt production capacity

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• AusencocoreImplementation/ SI/ Consulting Partner · 19 January 2026Ausenco has been contracted to revitalize the Jervois nickel and cobalt refinery located in São Miguel Paulista, São Paulo, Brazil. The project targets restoring 12,000 tpa Class 1 battery-grade nickel production and 2,000 tpa cobalt production capacity. Phased implementation runs from engineering in Q1-Q2 2026 through commercial production in 2027.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Vale S.A. Vale is one of the world's largest nickel producers, operating mines and refineries across multiple jurisdictions and supplying into the EV battery supply chain. Comparable to Jervois as a globally diversified nickel producer with refining capability, but at vastly greater scale and broader commodity exposure.
• Sumitomo Metal Mining: Sumitomo Metal Mining is a Japanese integrated miner and refiner of nickel and cobalt, with battery materials as a core downstream focus. Comparable to Jervois for its nickel/cobalt refining capability and battery-customer orientation, though at significantly larger scale and broader portfolio.
• BHP Group: BHP operates the Nickel West business in Western Australia, producing battery-grade nickel for the EV supply chain and pursuing downstream processing. Comparable to Jervois as a nickel producer targeting battery-grade markets and Western-aligned supply chains, but with vastly greater scale and diversification.
• Glencore: Glencore is one of the world's largest producers and marketers of cobalt and a major nickel producer, with integrated mining and processing operations. It is comparable to Jervois as a producer of battery-grade cobalt and nickel supplying EV and battery supply chains, though at vastly greater scale and diversification.
• Nornickel (Norilsk Nickel): Nornickel is the world's largest producer of refined nickel and a major cobalt producer, with vertically integrated mining and smelting. Comparable to Jervois as a large-scale integrated nickel/cobalt refiner, though with established operations rather than development-stage assets.

Direct peers

• Lundin Mining: Lundin Mining is a Canadian diversified base metals miner with significant nickel and cobalt by-production from copper operations, with battery materials as a strategic focus. Comparable to Jervois as a publicly listed mid-tier miner with nickel/cobalt exposure supplying into the battery supply chain.
• Sherritt International: Sherritt is a Canadian miner and refiner of nickel and cobalt, with operations in Cuba and a refinery in Fort Saskatchewan, Alberta producing battery-grade nickel and cobalt. Comparable to Jervois as a mid-tier integrated nickel/cobalt refiner focused on battery materials for Western markets.
• Eramet: Eramet is a French mining and metallurgical company with major nickel operations (New Caledonia, Indonesia) and is developing battery-grade nickel refining capacity. It is highly comparable to Jervois as a Western-aligned nickel refiner targeting the EV battery supply chain with similar EU regulatory positioning.

Emerging players

• Cobalt Blue Holdings: Cobalt Blue Holdings is an Australian development-stage cobalt and battery materials company focused on the Broken Hill Cobalt Project. Comparable to Jervois as a small-cap Australian-listed cobalt developer targeting the EV battery supply chain, though earlier-stage and without refining assets.
• Aura Energy: Aura Energy is an Australian-listed uranium and battery metals developer with critical minerals exposure targeting European and Western supply. Comparable to Jervois as a small-cap Australian-listed critical minerals developer positioned within Western-aligned battery/critical mineral supply chains.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds8 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jervois