ENERGY MINERALS

Counter-cyclical buy by AVZ increases stake in DRC lithium project

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.

Counter-cyclical buy by AVZ increases stake in DRC lithium project

The additional equity will take its holding to 75% with the DRC government holding the balance. Manono is at the financing stage, with feasibility work completed in April showing $545 million would...

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