Tin Prices Surging Tin prices have surged 65% and 56%, respectively, on the London Metals Exchange and the Shanghai Futures Exchange since November 2022, fuelled by rising demand for the base metal, which is increasingly used in new technologies.(Source: https://www.theassay.com/articles/analysis/tin-a-shining-light-in-base-metals-markets/)
African Energy Metals (Tickers: CUCO.v or NDENF for US investors) controls several concessions which are highly prospective for tin in Manono, DRC.
One of CUCO's Manono concessions, the PE 8251 Concession, is estimated to have historically produced 25,500 million tons of tin at a grade of 5%. This production happened in just a small area that can be expanded.
Tantalex Resources (TTX.v), valued at $62M, and AVZ Minerals (AVZ), valued at $62M, control properties that are in close proximity to the PE 8251 Concession. PE 8251 is believed to share a pegmatite corridor with AVZ Minerals' Roche Dure deposit and aTTX property. These positive findings from Roche Dure or TTX's property may reflect positively on CUCO's concession.
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CUCO's Manono concessions also have high potential for other valuable minerals such as lithium, tantalum, and rare earth elements. These minerals, like tin, are experiencing a rise in demand due to their use in modern technologies.
The company is also set to acquire the Falea project, located in Mali, West Africa, from GoviEx Uranium. The Felea Project contains known uranium, copper, and silver resources, most of which are open for expansion.
For more information on CUCO at its properties, click here: https://africanenergymetals.com/cuco-projects-manono/. Posted on behalf of African Energy Metals Inc.