As communicated in our announcement in December 2020, we waited for resilient and concrete information on our participation in a potential boron lithium mining project. This information is now available and very encouraging.
Based on the results of the meanwhile completed Phase II exploration drilling program by the analysis company SGS ( https://www.sgsgroup.de/de-de/mining ) and the resulting project study ( company CSA Global https://www.csagroup.org/ ), PwC PricewaterhouseCoopers ( https://www.pwc.com ) was able to create an updated evaluation report.
The figures mentioned herein are breathtaking. We would like to publish just one figure today and provide further details promptly after further internal discussion. The preliminary indicative value of total reserves in the base scenario is estimated by PwC at USD 40.01 billion. This figure speaks for itself and we do not want to comment.
It seems that one of the most promising potential boron-lithium-mines in Europe and worldwide has been identified here.
Investor Relations / June 25, 2021
About NOWEA ENERGY:
NOWEA ENERGY is an investment and private equity company with a strong focus on emerging, innovative companies. In particular we offer capital and expertise combined with a wide range of services to growth companies in the energy sector. Innovative companies from various future-oriented industries, such as mobility, e-mobility, energy, mining (strategic raw materials) as well as smart home and industry 4.0, are the focus of our investment.
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