Monday , January 30 2023

IronRidge invests $ 540 million in development of African mines


The goal of IronRidge Resources has raised £ 5.4 million to £ 20 million by issuing about $ 27 million.

These funds will be used to develop the gold and lithium projects in Guinea, Chad and Cote d'Ivoire.

Most of the purchases were received from Assore – IronRidge 's largest shareholder; Sumitomo Corporation; General Director of IronRidge Vincent Mascolo; and Chairman of IronRidge Neil Herbertt.

At present, IronRidge owns 31.34% of the issued authorized capital, DGR Global 22.18%, Sumitomo 10.29%, Mascolo 4.37%, and Cembrian 0.16%.

Maskolo said on Wednesday that the company has focused on expanding its assets base and has made substantial progress this year.

"First of all, the coastal coast of Ghana has continued to provide a lithium project, a worldwide lithium class and drilling intersection, and in Chad, we have opened a vast golden terrain that will compete with today's largest gold. min

"In Cote d'Ivoire, we have a large, highly promising and strategic geographical gold (3,200 km2) and lithium (1,200 km2) portfolios on major gold mining processes."

Chanel De Bruen
Editor-in-Chief of Creamer Media Editor

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