Cape Lambert Resources Ltd’s (ASX:CFE) non-executive director Stefan Muller has purchased one million shares in the company through on-market trades.
The former investment banker has increased his total shareholding in the company to three million shares.
Muller purchased the shares for 1.6 cents each.
READ: Cape Lambert Resources close to securing EPCF provider to build cobalt-copper project for free
Cape Lambert aims to fast-track its Kipushi Cobalt-Copper Tailings Project into production in the Democratic Republic of Congo.
Earlier this month, Cape Lambert took a step towards production with the strong possibility of securing an EPCF provider to fund and develop the project.