The future will be built with lithium. Are you invested? With the battery metal market expected to flourish due to the increasing demand for Electric Vehicles and sustainable energy sources, many investors are seeking out junior mining companies with high potential in this sector. Among these companies, African Energy Metals (Tickers: CUCO.v or NDENF for US investors) is worth considering.
CUCO holds multiple concessions in the Manono region of the Democratic Republic of Congo (DRC), spanning over 200 km2, which are believed to contain significant reserves of lithium, tin, tantalum, and rare earth elements. Many of these concessions are close to project owned by mining giants like AVZ Minerals and Tantalex.
One notable advantage CUCO has in the DCR is its experienced team. The CEO, COO, Executive Chairman, and all board members, possess extensive knowledge and expertise in operating in the unique business and political landscape of the DRC, providing valuable insights and navigating potential challenges effectively.
CUCO is set to acquire the Falea Project in Mali, a vast 225 km2 property with abundant uranium, copper, and silver resources. Despite only 5% of the property being explored so far, initial exploration activities have yielded promising results, with an Indicated Mineral Resource Estimate of 6.88 million tonnes at 0.115% U3O8, 0.161% Cu, and 72.8 g/t Ag.
Significant exploration has already been conducted on the Falea project, including 945 diamond drill holes. However, with most of the ore zones remaining open for further exploration and expansion, there is still considerable untapped potential in this project.
More info on CUCO and its projects here: 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.