08 May 2024
08 May 2024
The permit, issued after Piedmont Lithium posted a $1m reclamation bond, allows the company to develop an open-pit mine.
The proceeds from the deal will address Bushveld's immediate working capital requirements and ensure its ongoing operations.
The plant is expected to produce 3,000 tonnes (t) of lithium carbonate this year, with plans to increase production to 24,000t by 2025.
The company will raise the amount via a private placement from Hong Kong Ruihua Investment Management.
After the restructuring, Panthera will own 100% of Maniger, increasing its stake in the Kalaka Project in Mali from 40% to 80%.
Mabel has the option to acquire a 51% stake in the Bonanza project under a deal signed with Abitibi Metals last year.
The company aims to increase gold output to between 70,000oz and 75,000oz for fiscal year 2025 (FY25) to FY27.
If the deal goes through, BHP will gain access to four of the world’s largest copper mines
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