17 November 2023
17 November 2023
The funding will help Andrada increase its tin production and determine lithium mineralisation at its Uis mine.
The new processing facility will demonstrate and validate Rare Element’s recovery and separation technology.
The company is assessing options such as a total or partial sale, joint ventures, or other funding options and partnerships.
The provisional legislation seeks to limit emissions of the second-biggest contributor to climate change after carbon dioxide.
The funding package was provided by Chinese mining company Hainan Mining and its UK subsidiary Xinmao Investment.
For Hot Chili, the two mines add new opportunities and additional options to discover new mineral resources.
The Canadian company will have a 20% ownership of Aion and its interest in a fully permitted coal project in Santander.
Upon completion of the transaction, Austral will become Colossus’ largest shareholder.
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