Jervois appoints experienced cobalt executive Wayde Yeoman as Group Manager - Commercial

 

(TheNewswire)

   

  Highlights:  

 
  •  

      -Wayde Yeoman has more than 30 years' experience in the cobalt industry, including production, purchasing and sales  

     

      -Mr Yeoman has been active in the global cobalt supply chain and has direct experience with placing cobalt intermediates into Jervois' Sao Miguel Paulista   refinery  

     

      -Yeoman was Director of Cobalt Sourcing and Marketing at OMG and a member of the OMG Cobalt Management team, which made strategic decisions on refining volumes, product mix and pricing strategies  

     

      -Mr Yeoman was also a member of the LME Cobalt Committee and a company representative at the Cobalt Institute  

     
  •  

  25 November 2020 -   TheNewswire -   Jervois Mining Limited ("   Jervois   " or the "   Company   ") (ASX: JRV) (TSXV:JRV) (OTC:JRVMF) announces its appointment of Wayde Yeoman as Group Manager - Commercial as it drives development and construction of its Idaho Cobalt Operations ("   ICO   ") in the United States and restart of the Sao Miguel Paulista ("   SMP   ")   refinery in   Sao Paulo,   Brazil   .  

 

  Mr Yeoman joins Jervois with more than 30 years of experience in the global cobalt industry. He began his career with The Shepherd Chemical Company ("   Shepherd   "), a manufacturer of metal-based chemicals, including many cobalt products. Shepherd remains one of the largest consumers of cobalt in the United States. At Shepherd, he progressed through various positions in production, purchasing and sales.  

 

  Over the course of his career, Mr Yeoman also worked for global cobalt merchants Metal Resources Group and Darton Commodities, where he had responsibility for sales of cobalt metal to major consumers in the United States.  

 

  Mr Yeoman also spent 14 years in multiple roles at OM Group, Inc ("   OMG   "). OMG was the world's largest cobalt refiner at the time, with more than 10,000 metric tonnes of refined cobalt output annually from the Kokkola facility in Finland. Kokkola's production included cobalt metal powder, cobalt fine powders, cobalt oxide and other salts for use in the battery, hard metal, catalyst and other industries.  

 

  As Director of Cobalt Sourcing and Marketing at OMG, Mr Yeoman was active across the global cobalt supply chain. He was responsible for purchasing cobalt feedstocks for the Kokkola cobalt refinery, as well as cobalt metal raw materials for OMG's carboxylate production facilities. As a member of OMG's Cobalt Management executive team, he was involved with strategic decisions regarding refining volumes, product mix and pricing strategies.  

 

  In addition, Mr Yeoman sold cobalt salts and cobalt oxide cathode precursors to the lithium ion battery industry, and cobalt metal to alloy producers (including 100% of Norilsk's cobalt   production from 2007-2012). When Freeport-McMoRan purchased the OMG cobalt business, Mr Yeoman also had responsibility for the sale of Tenke Fungarume cobalt hydroxide to cobalt refiners around the world, including to the   SMP   refinery, the facility in Brazil recently purchased by Jervois.  

 

  Mr Yeoman was a member of the London Metal Exchange ("   LME   ") Cobalt Committee, the Minor Metals Trade Association ("   MMTA   ") North American Sub-Committee, and was a company representative at the Cobalt Institute, the leading global body addressing regulation and government policy for cobalt.  

 

  Immediately prior to joining Jervois, Mr Yeoman was General Manager of Chemalloy Co. LLC, a processor of metals and alloys, in greater Philadelphia, PA, United States.  

 

  Jervois is excited to have attracted a commercial executive of Mr Yeoman's experience; his background will be enormous value as the Company commences commercial negotiations with both cobalt and nickel suppliers to support the SMP reopening.  

 

  Mr Yeoman will be based in the United States and report to Greg Young, EGM - Commercial, whose appointment was announced on 19 October 2020. Jervois expects to announce further additions to its commercial team to support optimising SMP's restart with third party volumes to complement concentrate from its own 100% owned ICO, in the United States.  

 

  On behalf of Jervois Mining Limited  

 

  Bryce Crocker, CEO.  

 

 

 

  For further information, please contact:  

 

  Investors and analysts: Media:  

 

  Bryce Crocker Nathan Ryan  

 

  Chief Executive Officer NWR Communications  

 

   bcrocker@jervoismining.com.au     nathan.ryan@nwrcommunications.com.au   

 

  Mob: +61 420 582 887  

 

  "Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."  

 

Copyright (c) 2020 TheNewswire - All rights reserved.

 

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)
Democratic Republic of Congo flag.

Cobalt Prices Surge as DRC Extends Export Ban to September

Cobalt prices are surging after the Democratic Republic of Congo (DRC), the world’s largest producer, extended its export ban by three months in a bid to address global oversupply and stabilize plunging prices.

According to the Financial Times, cobalt prices on China’s Wuxi Stainless Steel Exchange rose nearly 10 percent after the DRC government announced the news over the weekend.

The ban — originally set to expire on Monday (June 23) — will now remain in effect until at least September.

Keep reading...Show less
A lithium-ion battery in the foreground with a line of batteries in the background, all surrounded by blue swirls.

ASX Cobalt Stocks: 4 Biggest Companies in 2025

After spending much of the last two years trending downwards, the cobalt price is spiking in 2025.

About 75 percent of global cobalt output comes from the Democratic Republic of Congo (DRC). While electric vehicle (EV) demand has remained positive, cobalt oversupply has weighed on markets and hurt efforts to build supply chains outside of the DRC.

However, the country banned exports of cobalt in February in an effort to increase the metal's falling price. By mid-March, cobalt had spiked to US$36,170 per tonne, up more than 65 percent from its record-low price of US$21,550 hit in late January.

Increasing electric vehicle (EV) and lithium-ion battery demand is expected to be supportive for key battery raw materials in the coming years. This means that as demand for EVs increases, so too will demand for cobalt — and, as one of the top four cobalt-producing countries in the world, Australia finds itself in a position to capitalise on this demand.

Keep reading...Show less
Electric car charging, wind turbine and cityscape double exposure.

Cobalt Market Update: Q1 2025 in Review

Cobalt metal prices fell to a nine year low in February after another year of oversupply, but rebounded sharply after the Democratic Republic of Congo (DRC) instituted a four month export pause for the critical metal.

After starting the year at US$24,495 per metric ton, cobalt ended the three month period at US$34,040.40, a strong 39 percent increase from January’s value. The price spread between cobalt’s first quarter low of US$21,467.70 on January 29 and its Q1 high of US$36,262 on March 17 is even more impressive at 69 percent.

The drop to US$21,467.70 marked the battery metal's lowest level since February 2016.

Keep reading...Show less
A Canada flag on a compass pointing towards the word "invest."

Electra Secures Federal Support for North America’s Only Cobalt Sulfate Refinery

Electra Battery Materials (TSXV:ELBM,NASDAQ:ELBM) announced on March 21 that it has received a letter of intent from the Canadian government for C$20 million in proposed funding.

The money would support the construction and commissioning of North America’s first battery-grade cobalt refinery, a critical step toward strengthening the region’s electric vehicle (EV) supply chain.

The refinery, located in Temiskaming Shores, Ontario, is set to produce 6,500 metric tons of cobalt sulfate annually, enabling domestic production of up to 1 million EVs per year. According to Electra, it would be a key step in reducing North America's dependence on China, which currently refines approximately 90 percent of the world’s cobalt.

Keep reading...Show less
The cobalt periodic symbol with a rainbow in the background.

Top 5 Canadian Cobalt Stocks of 2025

Cobalt prices have been in a steady state of decline for much of the past few years as the market has remained constrained by excess supply and eroding demand.

The sluggish market conditions were attributed to reduced demand from the battery sector and oversupply of material. As a result, prices remained under pressure, with limited signs of improvement expected in the near term.

Cobalt prices continued to face many headwinds at the beginning of 2025. The multi-year supply glut and the growing transition to cobalt-free electric vehicle battery chemistries pulled the value of the battery metal down to US$21,550 per metric ton on February 10, a low not seen for more than a decade.

However, the world's leading cobalt producing country, the Democratic Republic of Congo (DRC) placed a four-month ban on cobalt exports on February 22 in an effort to boost prices. As the DRC is responsible for more than 70 percent of global cobalt production, this of course sent prices for the battery metal soaring to a yearly high of US$36,170 per metric ton as of March 17.

Keep reading...Show less

Latest Press Releases

Related News

×