WebJul 22, 2024 · AVZ completed a heavily oversubscribed share placement raising $40 million (before costs) from institutional, sophisticated and professional investors, providing AVZ with the necessary funds to increase its equity interest in the Manono Project to 75% via the exercise of existing options over a 15% minority interest held by Dathomir. The ... WebDec 8, 2024 · The purpose of the Dathomir Arbitrations is to seek a declaration affirming AVZI’s legal title to the 15% stake in the Manono Project acquired under the validly executed and completed sale and …
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WebMay 23, 2024 · Last year, the company said it paid Dathomir Mining Resources Sarl $20 million for a 15% stake in the project, bringing its total shareholding to 75%. Now the … WebMay 28, 2024 · The dispute is a fight over a 15 per cent stake in the Manono project currently owned by Cominiere, the DRC's state-owned mining company. In a deal signed … chinees restaurant wing hing deurne
AVZ Minerals Shareholder Class Action - Omni Bridgeway
WebJul 5, 2024 · The company will increase its stake by exercising the options to acquire Dathomir’s minority shareholding of 15% equity in Dathcom Mining for $20m. Dathcom Mining, which holds 100% of the Manono project licence, is a joint venture between AVZ and La Congolaise D’Exploitation Miniere of the DRC Government. WebMay 9, 2024 · The Manono Lithium Mine is 100% held by Dathcom, a joint venture established in 2016. Following the signing of several supplementary agreements, in … WebFeb 25, 2024 · The Manono project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining Resources SARL (10%, a privately owned company). The project covers 188 km2 in southern DRC and hosts lithium pegmatites with a strike length of 13 km+ centred on an historical tin mining … chinees restaurant welkom tilburg