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Aktor Takes Majority Stake In Albania Mineral‑Resources Venture Under New Framework Deal
Aktor Takes Majority Stake In Albania Mineral‑Resources Venture Under New Framework Deal
About this update from Aktor Societe Anonyme Holding Company Technical And Energy Projects
Aktor Holding Company Technical And Energy Projects SA ATHEX:AKTR:SIGNS FRAMEWORK AGREEMENT WITH BNI FOUNDATION FOR MINERAL RESOURCE EXPLOITATION IN ALBANIATO ESTABLISH JOINT COMPANY IN ALBANIA WITH BNI FOUNDATION SUBSIDIARY, HOLDING 51% OF SHARESJOINT COMPANY TO EXPLORE AND EXPLOIT NICKEL AND RARE EARTH MINERALS IN BILISHT AREA ALBANIAESTIMATES BILISHT AREA MINING CAPACITY AT OVER 500,000 TONS OF NICKEL AND OVER 25,000 TONS OF COBALTTOTAL INVESTMENT AMOUNT ESTIMATED AT ABOUT 1 BILLION EUROS UPON FULL DEVELOPMENTEXPECTS INVESTMENT TO BE FINANCED BY EQUITY CONTRIBUTIONS AND EXTERNAL FINANCING PRIMARILY FROM U.S. CAPITAL