Likely further 5% is not far away.
Hi, are you ready to make an offer now?“We are still in discussion with our main partner, La Congolaise D’Exploitation Miniere (“Cominiere”
to secure additional equity from them on similar terms. Cominiere, as with all parastatal entities in the DRC, are currently under a “suspension of signature authority” following the Presidential elections. It is hoped that this will soon be lifted and a positive outcome to purchase further equity in the project,
as discussed to date with Cominiere, can soon be achieved for AVZ. The extra equity in the Manono Lithium and Tin Project will add significantly to the bottom line and Net Present Values and it is critical for project financing as AVZ continues discussions with potential financiers and off- takers.”
