Unlocking Africa's Battery Metal Potential: CUCO.v This article explores how Africa’s battery metals, including lithium, tin, and cobalt, could potentially play a key role in the global energy transition. African Energy Metals (Tickers: CUCO.v or NDENF for US investors) already controls several battery metal concessions in the Democratic Republic of Congo (DRC) and is gearing up to acquire a new project in West Africa.
https://www.innovationnewsnetwork.com/are-africas-battery-metals-the-key-to-the-global-energy-transition/27980/
CUCO's concessions in the Manono region of the DRC are highly prospective for lithium, tantalum, tin and rare earth elements.
One of their primary concessions spans 30 km2 and is located only 440km Northeast of Lubumbashi, the DRC's second-largest city.
This concession can be accessed by air & road, and an upgraded road connecting it to Lubumbashi is expected to be completed this year. By 2025, an improved port-connecting railroad is expected to be completed.
CUCO could close its deal to acquire the Falea Project in Mali, West Africa, any day now. This project spans 225 km2 and boasts a substantial uranium deposit along with significant copper and silver resources.
Previous exploration efforts, including drilling, have yielded a promising Indicated Mineral Resource Estimate for the project (see below). Despite this, only 5% of the project has been explored, and many of its ore zones are open for expansion.
If interested in CUCO or the battery metal sector in general, check out CUCO's investor presentation 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.