"Executive Chairman, Maurice Feilich commented: “The Busumbu Phosphate Project and the Crown Lithium option are very valuable assets, and we are committed to developing both. Securing AMV is a fantastic result. They are well known to BMZ and their team has very solid technical and project development capabilities. The farm in greatly reduces BMZ’s expenditure in Uganda, and at the same time, allows us to benefit from any exploration and development success given we retain a large and valuable stake in the asset. “It also frees up funds to pursue our Crown lithium and other cobalt assets in the DRC and assess other opportunities to diversify and strengthen BMZ’s portfolio. We look forward to reporting more developments with respect to the Crown Lithium assets very shortly.”
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