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Dennis Edmonds of Kazera Global #KZG discusses a transformational agreement that secures investment of $7.5m in the Company's subsidiary for all lithium production from the Company's wholly owned mine at Tantalite Valley, Namibia. The transaction values the Company's lithium assets alone at in excess of US$15 million.
Highlights
· Non-dilutive investment of US$7.5 million in cash, machinery and services
· Investment sufficient to cover the costs of the processing plant upgrades required to increase production from the Tantalite Valley mine and the construction of a lithium processing facility
· Tantalum production expected to substantially increase from Q4 2022 onwards
· Lithium production scheduled to commence in Q1 2023