Field placement of licence boundary beacons and community consultations in Cameroon completed

Technology Minerals, the first listed UK company focused on creating a sustainable circular economy for battery metals, has announced that the field placement of beacons marking out the corners of the Company’s five licences has been completed in accordance with Cameroonian Law by a local company, Explorers 33 Consulting Group.

In addition, whilst carrying out the field placement of the beacons, consultations with all local villages falling within the five licences areas were carried out as required by the terms of the exploration licence agreements. A report summarising all the above will be submitted to the Ministry of Mines, Industry and Technological Development this week.

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “We are delighted that our five licences are now formally marked out in the field in accordance with Cameroonian Mining Law. We can now look forward to beginning exploration work on the ground which will seek to target potential areas of high-grade cobalt-nickel laterite. Global demand for critical minerals such as cobalt and nickel are expected to increase in the coming years as they are key components in the manufacture of the technologies that will enable a lower carbon future. I would like to take the opportunity to thank the team at Explorers 33 Consulting for their great work in placing the beacons and look forward to working with them in the future.”