Surefire Resources discuss Saudi processing talks progressing...

Surefire Resources discuss Saudi processing talks progressing swiftly. Interview with Proactive Media.

TUE 17 OCTOBER 2023

News to be announced any day now.

Vanadium processing plant in Kingdom of Saudi Arabia

Surefire has executed a Memorandum of Understanding (MOU) with Saudi Arabia’s Ministry of Investment for mineral processing opportunities of high-grade ore from its Victory Bore vanadium and HPA project.

The company was also recently introduced to the Royal Commission for Jubail and Yanbu (RCJY) — an autonomous organisation to promote and manage the industrial city hubs for the mining and mineral resource industry.

The RCJY proposed that a suitable location for Surefire’s downstream vanadium processing operation would be in Ras Al-Khair — a fully serviced industrial town and port currently under development.

Here, suitable land size is available for Surefire’s proposed processing operation and the land is also serviced with existing regional infrastructure, utilities and logistics that will greatly reduce the upfront capital cost.

The company also says it is progressing discussions with interested offtake parties and will provide an update when any agreements are reached.