03 April 2024
03 April 2024
Abandoned mine tunnels and shafts leave scars on a landscape, but what if they could form a whole new source of clean energy? Kit Million Ross speaks with Green Gravity CEO Mark Swinnerton to see how digital twins are helping to do just that.
The property spans approximately 560 acres and includes 28 mineral claims.
The move is expected to bolster domestic production of critical components for various high-tech applications.
Both companies have committed to finalising the definitive agreement within 120 days of the letter of intent (LOI).
The graphite material will undergo processing at the Mer Rouge site in Mauritius to produce battery-grade graphite.
With the deal's closure, the company takes on both the economic and operating control of the mines.
The underwriters will purchase 42,860,000 common shares of Meridian at $0.35 per share.
For the year 2025, production volumes are anticipated to increase to 580 kilo ounces (koz).
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