Over the last 6 years in the DRC, AVZ have carried out Soil Sampling, Field Mapping, Consulting, Drilling, Metallurgical Testing, Completing a FEED Study, Environmental Study and Impact Assessment Reports including Groundwater Management, a 160 page Definitive Feasibility Study, a SEZ Agreement, Tendering for Mining Infrastructure, Legally Obtaining and Paying For an Increased Share of Dathcom, Obtaining Several Offtake Agreements for both Lithium and Tin, Raising Capital, Negotiating Funding with Pan African DFI’s and a Funding and Offtake Agreement with CATH, Presenting at the Battery Minerals Conference, Legally Fulfilling all Requirements to Obtain the Mining License, Including Receiving the Ministerial Decree to Award the Mining License and producing an 85 page Sustainability Report, Spending millions of dollars and Supporting the Local Community….
Now State owned Cominiere is working with the Minister of Mines and Director General of the DRC Mining Cadastre (CAMI) to deny granting AVZ Minerals a Mining License also allowing Chinese company to illegally acquire 15% of Dathcom as stated in DRC Inspector General report.
To mining companies, remember this if you are thinking of investing in mining in the DRC IMO
AVZ Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held