Orosur Mining Inc, a company listed on AIM and TSX-V, is making waves with its latest venture into Nigeria for lithium exploration. They’ve teamed up with a Nigerian firm called Jurassic Mines to create a joint venture. Orosur’s new subsidiary, Lithium West Ltd, will be working on four exploration licences in Nigeria. How cool is that?
Now, you might be wondering why they chose Nigeria for their lithium adventure. Well, Orosur has been eyeing the lithium space for a while now, but they couldn’t find any attractive opportunities in South America. But guess what? Nigeria is quickly becoming one of the most promising regions in Africa for discovering lithium. Talk about being in the right place at the right time!
Under the agreement, Lithium West has the potential to earn up to 70% equity in the project. How? By investing a whopping $5 million in operations over the next few years. That’s a serious commitment!
And guess what happened when this news broke? Orosur Mining’s shares shot up by a whopping 5.8% to 2.27p. Now that’s what I call a successful announcement!
So, there you have it, folks. Orosur Mining is diving headfirst into the Nigerian lithium scene, and it looks like they’ve made a smart move. Keep an eye on this company because they’re definitely going places!