BATTERY MINERALS
London-listed Eurasia Mining is progressing plans to create a “globally significant” platinum group metals (PGMs) and battery metals company with partner Rosegeo.
Eurasia announced on Tuesday that it had created the first joint venture (JV) company, Monchegorskoe, to hold the licence for the Nyud openpit PGM and battery metals deposit.
A Eurasia subsidiary would become a 75% shareholder in Monchegorskoe, after Rosgeo transferred the licence for Nyud. The company would have the right to acquire the remaining shareholding in the JV upon completion of a code-compliant competent persons report.
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