Before we proved the largest lithium deposit, Huayou invested in $13m at 7c in August 2017. And Mr Hongliang Chen, the CEO of Huayou, said “We look forward to building a strong relationship with AVZ and to work together to develop the exciting Manono Project. We believe the strong demand for lithium will continue to grow in the years ahead and Huayou can assist to realise the significant potential of the Manono Project during this growth phase.”
This week,
President of Huayou Cobalt Group, Mr Hongliang Chen said: “Huayou is pleased to have joined AVZ in a Strategic Relationship to progress the Manono Lithium and Tin Project. This project is one of the standout development projects globally in our view. It has the potential to deliver a premium grade product to market and we expect to work closely with AVZ to maximise the potential of the Manono project.”
For me, It's Huayou's intention of not missing out the Party. But they are currently busy sorting out three acquisitions and CNY3.2b capital raising for their lithium battery project.
AVZ is in discussions with many companies, would Huayou be left out?
It will be very interesting time ahead, imo.
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