info on the EV Metal Index + CUCO.v The EV Metal Index, which measures the value of battery metals in newly registered passenger EVs worldwide, reached $26.9 billion in 2022, a 232% increase from the previous year. Despite pandemic lockdowns and geopolitical turmoil, the value of battery metals in EVs sold in December 2022 alone exceeded the combined total of 2019 and 2020. More here: https://www.mining.com/value-of-battery-metals-in-newly-sold-evs-tripled-on-rampant-lithium-nickel-prices/
With this increase in demand and price, many investors are looking for high-potential junior battery metal companies to invest in. One for your consideration is African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
CUCO holds several concessions in the Manono area of the Democratic Republic of Congo (DRC) with promising deposits of lithium, tin, tantalum, and rare earth elements. CUCO is a large concession holder in the area controlling clean titles that span 30 Kms². CUCO also intends to acquire interests in additional Manono concessions
Large mining companies such as Tantalex Resources (TTX.v) and AVZ Minerals (AVZ) also own properties in the same area. While TTX is valued at $68M, and AVZ is valued at $2.75B AUD, CUCO's market cap is only $2.5M.
One of CUCO's concessions is thought to be directly on a pegmatite corridor that runs from AVZ Minerals' Roche Dure deposit through a TTX property to the CUCO concession. With this, positive findings at Roche Dure or TTX's property could reflect positively on CUCO's concession.
Check out CUCO's deck for more information: https://africanenergymetals.com/wp-content/uploads/2023/02/African-Energy-Metals-Corporate-Presentation_2023.02.01.pdf
Posted on behalf of African Energy Metals Inc.