Q2 2023 Jervois Global Ltd Activities Report Call Transcript
Thank you very much, and it's a pleasure to be here today with James May, Chief Financial Officer. We have the usual disclaimers on Slide two, which I'd encourage you to review and move on to slide three, just running through the Q2 2023 highlights.
We had a USD50 million capital raise, which has now been completed and with the exception of the second tranche of the unsecured convertible note of USD5 million. The funds have otherwise settled in July receiving proceeds. This injection of liquidity provides Jervois with the financial strength to navigate the price cycle and ensure we have the runway to take and implement the right long-term decisions for the business in the coming year.
At the last quarterly results, we set out our near-term priorities, and I'm pleased to report we made initial progress on all fronts during the second quarter. At Jervois Finland, the focus was on maximizing margin and cash flow and delivering the sites returned to a positive economic contribution, which USD2.6 million positive EBITDA represented.
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