Rafaella sharpens focus on Canada
PERTH (miningweekly.com) – ASX-listed Rafaella Resources has shifted its focus to battery minerals exploration in Canada, announcing the acquisition of a second battery metals project in the region, adjacent to its existing Midrim and Laforce platinum group metal (PGM)/nickel/copper sulphide assets.
The company has inked an agreement with Chase Mining Corporation to acquire the Alotta and Lorraine tenements for A$100 000 in cash and A$500 000 in Rafaella shares.
Rafaella told shareholders on Tuesday that the deal consolidated 157.4 km2 of the eastern portion of the Belleterre-Angliers Greenstone Belt (BABG), located in the Abitibi-Pontiac Greenstone Sub-Province, under Rafaella’s control and elevates the strategic importance of the Canadian operations.
“The acquisition of Alotta and Lorraine is extremely exciting for the company and significantly expands Rafaella’s battery metals position in the BABG, a productive yet under-explored geological region that is known to host high-grade sulphide mineralisation, rich in PGMs, nickel, copper and gold. Canada has demonstrated a commitment to supporting the critical battery metals mining sector and the Canadian government’s Budget for 2022 included a commitment to climate action and supply chain security through the provision of strategic funding to the mining sector,” said Rafaella MD Steven Turner.
“Rafaella Resources continues to believe in the significant value of our Spanish tin-tungsten development projects and in the importance of securing European domestic production of critical metals, so the company will continue to support San Finx and Santa Comba as they step through permitting. However, Rafaella has elected to withdraw from the Portuguese acquisitions to allow capital to be redeployed to the enhanced Canada portfolio.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
