Orosur Mining Inc Expands Reach into Nigerian Lithium Market

Orosur Mining Inc has recently entered into a significant agreement to expand its operations and venture into the lithium market in Nigeria. The company signed a joint venture agreement to explore several exploration licenses across Nigeria, particularly in areas highly prospective for lithium mineralization. This marks a strategic step for Orosur as it seeks to secure high-quality mineral exploration opportunities in key jurisdictions.

The Nigerian Ministry of Mines and Steel Development has been conducting geoscience mapping projects across Nigeria’s crystalline basement rocks, which indicated substantial lithium pegmatite potential, especially in the southern regions of the country. As a result, there has been a noticeable increase in small-scale artisanal lithium mining and modern exploration by international companies in the region over the past year.

Orosur’s entry into the Nigerian lithium market is the result of the company’s examination of potential opportunities in the lithium space over several years. The move is based on the extensive in-country experience of the company’s executive team and the geological mirror image of the pegmatite fields in northeastern Brazil.

The company has established a joint venture with Nigerian company Jurassic Mines Ltd, through which it may earn up to 70% equity in the project in two phases. Phase 1 involves earning 51% equity by spending a total of US$3m over a maximum of three years, while Phase 2 allows for earning an additional 19% equity by spending an additional US$2m over a maximum of two years. The initial project will comprise four exploration licenses covering a total of approximately 322km2 within Nigeria’s primary pegmatite belt.

With a team of experienced geologists in place, Orosur is well-prepared to commence exploration programs immediately. The company has also aligned itself with a highly experienced local exploration consultancy, providing access to exploration teams, field logistics, and geological knowledge, enabling it to operate in the region without major upfront investment or substantial overhead.

CEO Brad George expressed confidence in the company’s ability to develop this exciting opportunity in Nigeria, in conjunction with their ongoing South American assets. Orosur’s strategic approach to expanding its reach into the Nigerian lithium market is backed by a detailed geological understanding of the local mineralizing systems, positioning the company for success in this new venture.

For further information and updates on Orosur Mining Inc’s exploration ventures, interested parties are encouraged to visit www.orosur.ca or follow the company on Twitter @orosurm.

This article was compiled, reviewed, and verified by Mr. Brad George, CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101, ensuring accuracy and reliability of the information presented.

All statements within this article are considered “forward-looking statements” and are based on expectations, estimates, and projections as of the date of this article. Orosur Mining Inc disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law.

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