AIM-listed emerging African phosphate explorer and developer Kropz advises that the Water Tribunal is scheduled to resume on in February, following several postponements over COVID-19 concerns.
The dispute arises out of acts and omissions of the government in breach of the Bilateral Investment Treaty and international law.
Each Warrant in this second tranche is exercisable into one additional common share at a price of $0.413.
"Prices for dysprosium and terbium oxides continue to strengthen with dysprosium approaching US$300/kg and terbium surpassing US$1,100/kg."
The facility will be one of only two major producers outside China of rare earth oxides used in the manufacture of powerful permanent magnets.