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“The DRC and Africa is strategically positioned to play a pivotal role in the global transition to clean energy and decarbonisation."
“This provides AVZ with funds to increase our stake stake in the project and secures the working capital to begin early capital works program.
The site forms a part of AVZ’s logistics infrastructure plan to export finished products produced from the Manono Lithium and Tin Operation.
With lithium supply expected to enter a deficit owing to increased demand AVZ Minerals is well placed to meet this demand.
Despite slow EV manufacture and sale during the pandemic, there was a remarkable resurgence in EV sales in the last quarter of 2020.
“It marks the culmination of our programme and is another signal that the Company is rapidly advancing towards the construction phase."
"We are continuing to explore opportunities for our offtakes in both traditional and emerging lithium markets.”
“After an unexpected delay in finalising this contract, we are pleased to have finally signed with Kalon, our first tin offtake agreement."
The binding offtake agreement regards the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project.