CUCO.v, battery metals, and the DRC's untapped wealth As the world electrifies, battery metals are expected to continue to increase in demand. With this, companies are looking to develop battery metal mining operations in resource-rich areas across the African continent. One promising junior doing just this is African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
CUCO controls extensive landholdings in the Democratic Republic of Congo (DRC) and is also set to acquire land in West Africa.
The DRC is renowned as the wealthiest country in terms of natural resource wealth. Despite this, the majority of its raw mineral deposits remain untapped, estimated to be worth a staggering $24 trillion.
More here: https://gsphub.eu/country-info/Democratic%20Republic%20of%20Congo
In the Manono region of the DRC, CUCO's concessions are highly prospective for lithium, tin, tantalum, and rare earth elements and are near big players like AVZ Minerals and Tantalex.
CUCO also holds control over the King Luba Projects, which consist of five concessions that offer diverse prospects for mineralization, including lithium, gold, copper, tin, tantalum, tungsten, cobalt, and more.
CUCO's team has extensive experience in the African Mining industry, especially in the DRC. This includes CUCO's COO, Executive Chairman, and CEO who was involved in some of the biggest acquisitions in the African mining industry including Glencore's acquisition of the Fleurette Group's Mutanda Mine.
CUCO also recently finalized a binding agreement for the acquisition of the Falea Project which is located in Mali, West Africa. This project boasts a substantial deposit of uranium along with significant resources of copper and silver.
The Indicated Mineral Resource Estimate for the project, based on the exploration of only 5% of its total area, stands at 6.88 million tonnes with grades of 0.115% Uranium (U3O8), 0.161% Copper, and 72.8 g/t Silver.
Notably, 95% of the project remains unexplored, and numerous known ore zones are open for further expansion.
Check out CUCO's investor's deck for more info: 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.