Altus Strategies sells nickel/cobalt licence to Firering Strategic Minerals
2022-03-16 14:58:09 [Print]
UK based mining royalty company Altus Strategies will sell its Toura nickel/cobalt licence application, in Ivory Coast, to Firering Strategic Minerals for EUR15,000 and a gross revenue royalty (GRR) of up to 1% on future production from the project.
Altus Strategies says the Toura prospect is located in a highly prospective nickel/cobalt province and affirms there is increasing demand for nickel and cobalt in the growing electric vehicle sector.
Firering says it will first focus on advancing its Atex lithium/tantalum project in Ivory Coast through a diamond drilling campaign, but views the Toura asset as one of potential to add significant upside to shareholders in future.
Altus Strategies says the Toura prospect is located in a highly prospective nickel/cobalt province and affirms there is increasing demand for nickel and cobalt in the growing electric vehicle sector.
Firering says it will first focus on advancing its Atex lithium/tantalum project in Ivory Coast through a diamond drilling campaign, but views the Toura asset as one of potential to add significant upside to shareholders in future.
Cobalt Powder 99.5%min Delivered China
Unit:RMB/kg
China battery grade cobalt sulfate producers' sales to production ratio statistics by province by month
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