Aktor Holding Company Technical And Energy Projects SA ATHEX:AKTR:
SIGNS FRAMEWORK AGREEMENT WITH BNI FOUNDATION FOR MINERAL RESOURCE EXPLOITATION IN ALBANIA
TO ESTABLISH JOINT COMPANY IN ALBANIA WITH BNI FOUNDATION SUBSIDIARY, HOLDING 51% OF SHARES
JOINT COMPANY TO EXPLORE AND EXPLOIT NICKEL AND RARE EARTH MINERALS IN BILISHT AREA ALBANIA
ESTIMATES BILISHT AREA MINING CAPACITY AT OVER 500,000 TONS OF NICKEL AND OVER 25,000 TONS OF COBALT
TOTAL INVESTMENT AMOUNT ESTIMATED AT ABOUT 1 BILLION EUROS UPON FULL DEVELOPMENT
EXPECTS INVESTMENT TO BE FINANCED BY EQUITY CONTRIBUTIONS AND EXTERNAL FINANCING PRIMARILY FROM U.S. CAPITAL