Today (3rd December 2024) China announced a ban on shipments to the US of duel-use minerals including germanium and gallium, where China produces 98 % of the world supply of gallium and 60 % of gallium.
These are critical materials used in the production of military applications, cell technology, night vision ....
And little MTB with a tiny market cap on the ASX has discovered a great germanium and gallium resource in Botswana. I wonder if there will be a takeover bid for them? It would be a highly strategic purchase an extremely low price. I think the market cap is $ 1.2 million and they have $ 2 billion of resources in the ground.
Its looking good for MTB, in the right place at the right time!
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Mount Burgess Mining (MTB) - the Chinese ban announced today on germanium and gallium
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Mkt cap ! $1.915M |
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7 | 10645000 | 0.003 |
7 | 16250000 | 0.002 |
5 | 49000000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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