African mining companies stand to gain from the global increase in demand for energy metals, given the abundant resources in Africa. One such company worth considering is African Energy Metals (Tickers: CUCO.v or NDENF for US investors).
CUCO controls multiple concessions in the Manono region of the Democratic Republic of Congo (DRC), which contain potential reserves of lithium, tin, tantalum, and rare earth elements. The company's team including the CEO, COO, Executive Chairman, and all board members has extensive experience in the DRC which provides a valuable advantage in navigating the unique business and political environment in the country.
African Energy Metals' market cap is currently only $2.69 Million, which is substantially lower than that of comparable Tantalex Resources (TTX.v) and AVZ Minerals (AVZ), which are large mining companies that own properties in the Manono region. TTX is valued at $68M, and AVZ is valued at $2.75B AUD. Notably, one of CUCO's properties is directly on a pegmatite corridor that runs from AVZ Minerals' Roche Dure deposit through another property owned by Tantalex.
CUCO is also expected to acquire the Falea Project in Mali, which spans 225 km2 and has significant uranium, copper, and silver resources. Although only 5% of the property has been explored, initial exploration activities have shown promising Indicated Mineral Resource Estimate of 6.88M Tonnes at 0.115% U3O8, 0.161% Cu and 72.8 g/t Ag.
For those interested in learning more about African Energy Metals (CUCO.v or NDENF), the investors' deck can be found 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.