IONGF - ION Energy & Aranjin Resources: Electrifying the Asian Battery Metals Market

2024-03-27 17:08:02 ET

Asia is a major consumer of battery metals and ION Energy & Aranjin Resources team up to take advantage.

Both ION and Aranjin will leverage one another’s expertise in their respective metals, with Aranjin being granted a right to explore ION’s properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin’s properties for lithium. This structured approach is aimed at enlarging their exploration area within the mineral-rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

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ION Energy

ION Energy Ltd. is committed to exploring and developing Mongolia’s lithium salars, which includes the Baavhai Uul and Urgakh Naran Project. ION’s flagship, 81,000+ hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence awarded in Mongolia. ION Energy is well-poised to be a key player in the clean energy revolution, positioned well to service the world’s increased demand for lithium.

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Aranjin Resources

Aranjin Resources Ltd. is committed to exploring and developing its prospective copper projects, the Sharga Project, the Bayan Under Project and the Baruun Tal Project (pending final purchase) located in Mongolia. The Management and Board of Aranjin have an unrivalled track record in developing and scaling mining projects – Hunnu Coal sold to Banpu Coal for $500m and Steppe Gold, now Mongolia’s top gold producer.

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