CUCO.v: High potential lithium jr. As the world continues to turn away from fossil fuels and towards electrification, demand for battery metal is expected to continue to increase. With this many investors are looking for high-potential juniors in this sector. One for your consideration is African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
CUCO currently operates in the Democratic Republic of Congo (DRC) where its team has extensive experience. Its lead mining engineer has over 40 years of experience in mining operations in the area, and the founder has worked in mining there for over eight years. Plus, all members of the board of directors have specific experience in the DRC and the CEO was born and currently lives there.
CUCO controls several concessions in the Manono region of the DRC, covering 200 km2 in total and holding potential reserves of lithium, tin, tantalum, and rare earth elements (REEs). Other major mining firms, such as Tantalex Resources (TTX.v) and AVZ Minerals (AVZ), also possess properties in the same area. One of CUCO's properties is located directly on a pegmatite corridor running from AVZ Minerals' Roche Dure deposit through another property owned by Tantalex. Notably, TTX is valued at $70M and AVZ at $2.75B AUD, while CUCO's market capitalization is just $2.5M.
CUCO is also expected to acquire the Falea Project in Mali, which spans 225 km2 and holds a significant uranium deposit with substantial copper and silver resources. Drilling and other exploration activities on the project have already produced a promising Indicated Mineral Resource Estimate of 6.88M Tonnes at 0.115% U3O8, 0.161% Cu and 72.8 g/t Ag. However, 95% of Mali has yet to be explored and many ore zones are open for further exploration and expansion.
For more information check out their investors' deck here: https://africanenergymetals.com/wp-content/uploads/2022/07/African-Energy-Metals-Corporate-Presentation_2022_July.pdf
Posted on behalf of African Energy Metals Inc.