A small stake in the Canadian owner of a fully permitted cobalt development in Idaho was unveiled late last month, and this week the ASX-listed junior said it had applied for the world-class Kabanga nickel project in Tanzania.

Already in the portfolio is the Nico-Young project in New South Wales where metallurgical testing and other work is being undertaken, with results due this month as part of a pre-feasibility targeted for completion next quarter.

Speaking to MNN earlier this month, Jervois' CEO Bryce Crocker broadly outlined the rationale for Jervios' ambitions.

"We think at this end of the market there is strong investor appetite to get a vehicle which is liquid and which has scale," Crocker said.

"There will be a premium rating assigned...