Exciting times indeed
Key Points:
Smart Money Set: Strategic investments are positioning before the drilling campaign begins in March.
Fully Funded: $4 million in the bank, with today's funding announcement at a 7% premium.
First Mover Advantage: Leading the charge in Timor-Leste.
High-Grade Manganese: Rich manganese deposits found at the surface.
Government Relationships: Strong ties and partnership with the Timor-Leste government.
Shareholder Strength: WMA Holdings FZCO, the biggest exporter of manganese, is our largest shareholder.
Asia Road Show: management is currently on a promotional tour in Asia.
Dedicated Management: Extremely hardworking management team.
Shift to Manganese for Lithium-Ion Batteries**:
Manganese is becoming a preferred choice over nickel and cobalt for several reasons:
1. Cost-Effectiveness: Manganese is more abundant and less expensive than nickel and cobalt.
2. Environmental Impact: Manganese mining has a lower environmental footprint compared to cobalt mining, which is often associated with unethical practices.
3. Performance: Recent advancements show manganese-based cathodes offer comparable, if not superior, performance in battery life and stability.
Price target before drilling commences in March 4.5c to 5c
Price target after drilling concludes
Who knows.
(20min delay)