- African Energy Metals (CUCO) adds extension on Mali acquisition agreement
- The extension allows additional time to get the documents required to comply with the TSXV filing
- The natural resource company granted 1 million incentive stock options back at the beginning of February
- Only 5 per cent of the 225 square kilometre land package of the Fall Project has been explored to date
- The Manna Project has Spodumene hosted in pegmatite which has been observed on the concession
- African Energy Metals is trading at C$0.05 at 2:40 pm EDT
African Energy Metals (CUCO) and GoviEx Uranium (TSXV: GXU) will extend the outside date of the share purchase agreement.
Purchase agreement
The extension allows additional time to get the documents required to comply with the TSXV filing.
The natural resource company granted 1 million incentive stock options back at the beginning of February.
During this time, the options were exercisable for a five-year period at C$0.07 a share.
With two main projects, the Fall Project and the Manono Project, African Energy is looking to address the supply chain and verifiable sources of ore issues which are imposed on processors in the DRC.
Only 5 per cent of the 225 square kilometre land package of the Fall Project has been explored to date. As for its Manna Project, Spodumene hosted in pegmatite has been observed on the concession.
African Energy Metals is a natural resource company focusing on acquiring, developing, and operating uranium, copper, cobalt, and lithium energy metals projects in Africa.
African Energy Metals is trading at C$0.05 at 2:40 pm EDT.