“Near term catalysts for MTC include ... potential project level funding deal at the Cancet & Adina lithium projects”
“Strong interest in potential ‘project level’ funding for our advanced Cancet & Adina lithium projects has meant that MTC can afford to develop its cobalt and lithium assets.”
Source: 11 April company announcement
Sounds all but done to me.
Adina was even reduced from 15-25 holes down to 10 holes because of this potential deal, in my opinion.
Don’t people get it ?!
A project level funding deal for Cancet (inc Cancet extension) and Adina could be EIGHT FIGURES.
These are two very significant lithium projects in a blue-chip jurisdiction with high grade lithium close to the surface. Consider these results from Cancet and compare to other ASX juniors:
“18m @ 3.15% Li2O from 8m
21.5m @ 2.24% Li2O from 5m
17m @ 2.06% Li2O from 6m
11m @ 2.93% Li2O from 41m”
(Slide 14 lastest company presentation)
The project areas are massive and unlike DRC much of the key infrastructure is in place.
All opinion only, pure speculation, not advice, do your own research etc
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