25 July 2023
25 July 2023
The Al Masane underground mine comprises three areas, specifically Saadah, Al-Houra and Moyeath.
With the completion of the deal, Mount Gibson owns 8.6% of the issued ordinary shares in Fenix.
The proposed measures include the introduction of temporary conservation areas.
The deal forms part of the companies’ efforts to meet surging demand for low-carbon aluminium.
European Metals will use the investment to fund the pre-development works and studies for the Cinovec Project.
The tenements are within the Eastern Brazilian Pegmatite District, known for its hard-rock lithium spodumene deposits.
Teako will acquire the property by issuing 3.5 million shares to Cuprita Minerals.
The contract covers front-end pyromet structural, mechanical, piping, electrical and instrumentation works.
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