As reported in the Bloomberg NEF article below, the demand for battery metals is expected to race to over 17.5 million tons by the end of the decade, with lithium demand expected to grow sevenfold. With this, it is unclear if supply will be able to keep up with demand. With this many investors are looking for high-potential battery metal exploration companies. African Energy Metals (Tickers: CUCO.v or NDENF for US investors) is a compelling junior that boasts an impressive portfolio of copper, lithium, cobalt, and other battery metal assets in the Democratic Republic of Congo (DRC) and Mali, West Africa.
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https://www.wsj.com/articles/copper-shortage-threatens-green-transition-620df1e5
CUCO's King Luba Projects in the DRC, consisting of five concessions, offer significant potential for copper, with the PR 13724 concession located just 45km from the Tenke Copper Cobalt mine, and the PR 13727 concession only 40km from the Tenke Mine, highlighting the strategic proximity to existing mining operations.
In addition to copper, CUCO's King Luba concessions also hold promise for other critical battery metals such as lithium, tin, tantalum, tungsten, and cobalt, as well as gold, particularly in the PR13723 concession.
CUCO also controls battery metal concessions in the Manono region of the DRC which are near mining operations controlled by AVZ Minerals, Tantalex, and other major mining companies. These concessions offer high potential for lithium, tin, tantalum, and rare earth elements, further emphasizing CUCO's focus on critical battery metals.
Not stopping there, CUCO is set to acquire the Falea Project in Mali, West Africa, which boasts a substantial deposit of uranium, along with significant resources of copper and silver. The Indicated Mineral Resource Estimate for this project stands at 6.88 million tonnes with grades of 0.115% Uranium (U3O8), 0.161% Copper, and 72.8 g/t Silver, presenting an exciting addition to CUCO's diverse asset portfolio.
With a market capitalization of under $3M, CUCO offers shareholders exposure to a range of valuable battery metals and strategic mining assets. For more information on CUCO and its impressive portfolio, refer to the company's investor 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.