Aterian plc’s Post

TERTIARY MINERALS’ ZAMBIAN SUBSIDIARY SIGNS STRATEGIC AGREEMENT WITH FQM ON MUKAI COPPER PROJECT Tertiary Minerals’ newly established Zambian subsidiary, Copernicus Minerals, has signed a binding letter of agreement (BLA) with First Quantum Minerals (FQM) for the Mukai copper project in Zambia. Copernicus Minerals is 90% owned by Tertiary Minerals (Zambia), which is 96% owned by Tertiary Minerals. Under the agreement, FQM is granted an initial 24-month exploration due diligence period, during which it is committed to funding a minimum of $1.5 million in exploration expenses, with $500,000 allocated for the first year (Phase 1). FQM can earn an initial 51% stake in the…READ MORE HERE https://lnkd.in/dSuXyADE

💥Tanzanian Exploration Budgets Approved for Project Developments in 2024 1️⃣ The total cost of the exploration budget is forecast to be approx. US$6.38 million. This is to be part funded through Q Global Commodities. 2️⃣ Activities to commence in the current quarter. Led by Head of Exploration in East Africa, Collins Aseto, the exploration programs will be implemented by Geofields and other technical consultants, all under the guidance of #MARU's Chairman Richard Lloyd and CEO Jason Brewer. 3️⃣ Budget Breakdown: ➡ 38% (US$2.44M) for Nyorinyori & NyoriGreen Graphite Projects ➡ 32% (US$2.04M) for Kinusi Copper Mine, and ➡ 30% (US$1.90M) for Bagamoyo Graphite Project. 4️⃣ Funding strategy; Up to US$2.5 million of funds under #MARU’s existing funding agreement with Q Global and the balance funded from forecast free cashflow from the sale of lithium product from the Blesberg Lithium and Tantalum Mine in South Africa in 2024. Read RNS 📃➡ https://lnkd.in/dDtVYAPw #MARU #Graphite #Copper #Batterymetals #Tanzania #Africa #MI2024 #mininginvestment

Read more about the commencement of drilling to define and extend copper mineralisation at our Mumbezhi Project in Zambia in the below Stockhead article ➡️ #ProspectResources #PSC #Mumbezhi #Zambia #Copper

South32 commits N$273 million for copper exploration in Namibia: Junior explorer Noronex has secured an earn-in agreement and strategic alliance with a wholly-owned subsidiary of South32 to accelerate copper exploration in Namibia. South32 has committed to fund N$273 million in exploration over five years at Noronex’s Humpback-Damara project in the Kalahari copper belt and will earn up to 60%

Option to Acquire Baga Gold Project, Cote d’Ivoire Many Peaks Minerals (ASX:MPK) Executive Chairman, Travis Schwertfeger commented: “Having quickly established ourselves in Côte d’Ivoire and successfully initiating exploration activity within weeks following acquisition of the exciting Odienné and Ferké projects, the Company is very pleased to identify an additional opportunity further bolstering our pipeline of projects for growth within the same jurisdiction. The Baga Gold Project is complimentary to the existing portfolio in Côte d’Ivoire providing several operational synergies delivering opportunities for an increase in positive results to the market and significant leverage to adding value through exploration success. Located in a region that has demonstrated its potential to host world-class gold deposits, this acquisition aligns with our commitment to adding shareholder value through innovative and cost- effective exploration, discovery, and resource development.” Congrats to the whole team at Many Peaks Minerals (ASX:MPK) Travis Schwertfeger Ben Phillips, Marcus Harden, Aaron Bertolatti #asxnews #investingnews #gold #goldinvesting https://lnkd.in/ga_sJTa6

TEMPLARS has advised ElectroChem Ghana Limited (the largest salt mining company in Africa) on a USD 30 million equity investment to the Minerals Income Investment Fund (MIIF) – a sovereign fund that seeks to manage the equity interests of, and receive mineral royalties and income for, Ghana. The transaction aims to finance Electrochem’s expansion of the Ada Songhor salt mining project, which spans over 40,000 acres of salt-rich basins.   Since obtaining the concession in 2020, Electrochem has invested significantly to increase salt production to over 1 million metric tonnes annually, with a projected revenue of USD 6 billion over the next decade. MIIF's investment will support earthworks, equipment purchases, and the construction of a port facility, expected to create over 100,000 jobs and boost local economic growth.   The investment leverages opportunities from the African Continental Free Trade Area (AfCFTA) Secretariat and reinforces MIIF’s commitment to diversifying its mining portfolio. This strategic move enhances Electrochem’s valuation ahead of its planned initial public offering.   The TEMPLARS team was led by Partner, Sarpong Odame, supported by Senior Associate, Kojo Amoako, and Associates, Matilda K. Sarpong and Nana Kofi Amadieh. ..................................................................... #Electrochem #Ghana #MIIF #SaltMining #EquityInvestment #AfCFTA #MineralRoyalties #GhanaEconomy #Mining #SovereignFunds #Investment #EconomicGrowth #ProjectExpansion #LegalAdvisory #AfricaBusiness #CorporateFinance #IndustrialDevelopment

TEMPLARS has advised ElectroChem Ghana Limited (the largest salt mining company in Africa) on a USD 30 million equity investment to the Minerals Income Investment Fund (MIIF) – a sovereign fund that seeks to manage the equity interests of, and receive mineral royalties and income for, Ghana. The transaction aims to finance Electrochem’s expansion of the Ada Songhor salt mining project, which spans over 40,000 acres of salt-rich basins.   Since obtaining the concession in 2020, Electrochem has invested significantly to increase salt production to over 1 million metric tonnes annually, with a projected revenue of USD 6 billion over the next decade. MIIF's investment will support earthworks, equipment purchases, and the construction of a port facility, expected to create over 100,000 jobs and boost local economic growth.   The investment leverages opportunities from the African Continental Free Trade Area (AfCFTA) Secretariat and reinforces MIIF’s commitment to diversifying its mining portfolio. This strategic move enhances Electrochem’s valuation ahead of its planned initial public offering.   The TEMPLARS team was led by Partner, Sarpong Odame supported by Senior Associate, Kojo Amoako, and Associates, Matilda K. Sarpong and Nana Kofi Amadieh. ..................................................................... #Electrochem #Ghana #MIIF #SaltMining #EquityInvestment #AfCFTA #MineralRoyalties #GhanaEconomy #Mining #SovereignFunds #Investment #EconomicGrowth #ProjectExpansion #LegalAdvisory #AfricaBusiness #CorporateFinance #IndustrialDevelopment

Royal Road Minerals' Saudi Arabian joint venture, Royal Roads Arabia (RRA), has been granted preferred bidder status for the Jabal Sahabiyah exploration license in Asir province. The joint venture, formed with Saudi investment holding company MSB for copper and gold exploration, is set to operate under a 50/50 basis. The license covers around 284 km² and was discovered in the late 1970s. The company plans to deploy advanced exploration techniques, including drone-borne hyper-spectral scanners and expects to spend at least $5.5 million over the initial five years. The license, subject to certain conditions, has an initial term of five years, renewable for a total of 15 years. Following the announcement, Royal Road Minerals' shares surged 10.5%. #saudivision2030 #miningindustry #goldmining #coppermining

🌍 Join the Africa Project Association (APA) in Shaping the Future of Green Metal Mining! 🌍 At APA, we collaborate so that members can gain valuable insight and access to groundbreaking projects developed by companies like KoBold Metals. Here’s why you should take note: * Global Reach: KoBold Metals is active in over 60 projects worldwide. * Mingomba, Zambia: KoBold has been drilling at the Mingomba site for over a year, uncovering significant copper deposits. * Fast-Track Development: The company plans to accelerate the development of this high-grade copper deposit. * Transformative Mining: This project showcases the radical transformation in green metal mining. * Visionary Backing: Supported by Bill Gates and Jeff Bezos, KoBold Metals is at the forefront of innovation. * AI-Driven Exploration: KoBold leverages cutting-edge AI to discover critical materials essential for electric vehicles and renewable energy. * Climate Impact: The mining industry needs to discover over $12 trillion worth of new critical mineral deposits to combat climate change. * Economic Potential: These discoveries are crucial for the future of sustainable energy and technology. Partner with APA to reduce costs and increase your chances of being at the forefront of these developments. Reach out to us at APA to learn more about how you can get involved! #GreenMining #SustainableEnergy #AI #Innovation #Copper #ElectricVehicles #RenewableEnergy #ClimateChange #Africa #MiningRevolution #KoBoldMetals #BillGates #JeffBezos #FutureProjects #APA

ZCCM-IH INVESTEE COMPANY – MAAMBA COLLIERIES LTD – GRANTED EXPLORATION LICENSES FOR LITHIUM AND OTHER MINERALS IN SOUTHERN PROVINCE, ZAMBIA ZCCM Investments Holdings Plc (ZCCM-IH) is pleased to announce that its investee company, Maamba Collieries Limited (MCL), in which it has a shareholding of 35%, has been issued two Large Scale Exploration Licenses for Lithium and other minerals (amethyst, aquamarine, tantalum and tin) in the Southern Province of Zambia. MCL intends to commence exploration as soon as possible to ascertain the presence of these minerals in these licence areas. The licenses are valid for a period of four years during which period MCL plans to carry out detailed exploration to ascertain the presence of mineable resources of the various minerals and thereafter proceed to determine the quantum of resources and reserves if applicable. These two license areas are located approximately 100 km southwest of MCL’s coal mine in Maamba. Lithium is part of the critical battery metals that ZCCM-IH has planned to explore for in its 2020-2026 strategic plan. As such the granting of the two licences to its investee company contributes to the strategy to diversify the company’s mineral commodity base. #MaambaCollieries #ZCCMIH #investingsmartly