SVM - Sovereign Metals says Chinese export restrictions boost case for Kasiya Rutile-Graphite Project

(NewsDirect)

Sovereign Metals Limited'srecently-appointed managing director and CEO Frank Eagar joinedProactive's Stephen Gunnion with insights on the company'soperations and the mining potential in Malawi. Having been with thecompany since the previous December, Eagar said he is focused ontransitioning the company's Kasiya Rutile-Graphite Project fromthe pre-feasibility stage to the definitive feasibility study,emphasizing the importance of on-ground efforts and communityengagement. Eagar highlighted his vast experience in neighbouringAfrican countries, noting that Malawi has proven to be more welcomingand receptive. The company aims for a final investment decision by theend of 2025, considering the numerous variables and intricate stepsinvolved in moving a mining project into production. A significantendorsement came with Rio Tinto's investment in Sovereign Metals.Eagar pointed out that Rio Tinto's involvement underscores theproject's potential and adds credibility, allowing them to avoidgoing back to the market for funding. Additionally, with China'spotential export restrictions on materials like graphite, Eagaremphasized the project's strengthened position. More than half ofthe company's revenue could stem from graphite, with the capacityto be a secure supply source for 75-100 years. The eco-friendlyapproach of Sovereign Metals, boasting the lowest global warmingpotential, further accentuates the project's attractiveness tointernational investors.

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