Orosur Mining Inc had a pretty good first quarter, with their loss narrowing down to $287,000 compared to $862,000 last year. Although they didn’t make any revenue, they are still making positive progress. The company’s subsidiary in Uruguay, Loryser, is focused on finalizing their creditors agreement. But the real exciting news is that Orosur Mining has added a new asset in Nigeria – a high-quality lithium project. They even have a team on-site to manage it. This means they can continue their activities in South America while also exploring their new asset. The company recently signed a joint venture agreement for four licenses in the Nigerian lithium belt, giving them up to 70% equity in the project. As a result, Orosur Mining’s shares went up by 7.3% to 2.20 pence each in London. It’s been a busy and progressive quarter for the company, and they are looking forward to the future.
