EVM ..... 3Billions .....
https://www.mining-technology.com/news/ev-metals-minerals-plants-saudi-arabia/Australian firm EV Metals Group is planning to invest $3bn to build plants, initially to process minerals such as lithium and nickel, in Saudi Arabia.
EV Metals managing director and CEO Michael Naylor was reported by Bloomberg as saying that the investment plans would later be expanded to explore battery metals in the Middle Eastern country.
The processing facilities are planned to be built over the next nine years.
The company has more than 15 exploration license applications in Saudi Arabia and is scouting for deposits of metals that are used in battery manufacturing, including lithium, nickel and cobalt.
A successful discovery of these deposits would position the firm as the first to tap these metals in the country.
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