07 March 2024
07 March 2024
The expansion positions the Gevra mine to become the largest coal mine in Asia.
The facility is expected to reach its full potential over the next two to three months.
Proceeds will be used for exploration and development of the DeLamar Project and the Nevada North Project.
The company will have to make an initial payment of $100,000 (C$135,000) to Turaco for the option.
The deal is the largest mining investment in Ecuador’s history.
The federal government is looking to ensure critical mineral security.
The project was developed by Ionic Rare Earths' (IonicRE) local Ugandan operating entity, Rwenzori Rare Metals.
The acquisition includes nine properties spanning approximately 6,500 hectares (ha).
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
