Rising Global Resource Demand Expected to Continue There’s a significant amount of untapped resources in Africa, and with global resource demand continuing to grow alongside struggling supply due to political instability and China’s reopening, the market needs more projects and mines to come online to help prevent shortages and to capitalize on the unsupplied demand. For example, tin prices have already risen by around 60% since November 2022, helping tin miners grow profits to record levels.
https://www.theassay.com/articles/analysis/tin-a-shining-light-in-base-metals-markets/
$CUCO.V has been capitalizing on this growth with the expected acquisition of the Falea project in Mali and the Manono project in the DRC.
- The Falea project holds uranium, copper, and silver deposits with extensive historical exploration yielding an indicated 6.88M tonnes of 0.115% U3O8, 0.161% Cu, and 72.8 g/t Ag (https://www.nsenergybusiness.com/projects/falea-polymetallic-project/).
- The Manono project is a battery metal focused on lithium, tin, tantalum, and rare earths underneath the ground. It’s just 30km away from AVZ’s 400M 1.7% Li2O deposit and multiple Tantalex resource properties.
With only 5% out of the 225km2 explored at Falea and the Manono project already converted from an exploration into exploitation (allowing for small-scale production), there’s a lot to look out for here as they continue to develop the properties considering the 1.9M valuation.
Posted on behalf of African Energy Metals.