The additional equity will take its holding to 75% with the DRC government holding the balance.
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As the lithium market suffers through a period of strong supply and weak demand, AVZ Minerals has secured rights to another 10% of the potential world-scale Manono lithium and tin operation in Democratic Republic of Congo for US$15.5 million.
The additional equity will take its holding to 75% with the DRC government holding the balance.
Manono case headed to arbitration
AVZ reaches milestone at Manono
DRC explorer lifts Manono stake
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