leadf
logo-loader
viewAVZ Minerals Ltd

AVZ Minerals strengthens financing discussions after boosting equity stake in Manono project

AVZ Minerals Ltd's (ASX:AVZ) Nigel Ferguson speaks to Proactive's Andrew Scott after announcing they've executed a share purchase agreement (SPP) to secure an additional 10% of Dathcom Mining SA from its JV partner, Dathomir Mining Resources SARLU, the 100% holder of the Manono Lithium and Tin Project in the DRC. Under the SPP and once the respective shareholdings have been paid, this arrangement will result in AVZ holding 75% of the project. The two key benefits will be adding to AVZ's net present value for the project and enhancing ongoing discussions with prospective financiers.

Quick facts: AVZ Minerals Ltd

Price: 0.086 AUD

ASX:AVZ
Market: ASX
Market Cap: $244.97 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AVZ Minerals Ltd named herein, including the promotion by the Company of AVZ Minerals Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

AVZ Minerals Ltd officially welcomes Yibin Tianyi Lithium as significant...

AVZ Minerals Limited's (ASX:AVZ) Nigel Ferguson speaks to Proactive's Andrew Scott after securing an equity investment of $10,687,500 from Yibin Tianyi Lithium Industry Co., Ltd. Yibin Tianyi will hold the equivalent of a 9% stake in AVZ. Yibin Tianyi and AVZ are continuing negotiations to...

on 6/5/20

2 min read