KoBold Metals to acquire AVZ’s interests in DRC lithium deposit
May 8, 2025
Bill Gates-backed US company KoBold Metals and Australia-headquartered AVZ Minerals have agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit, in the Democratic Republic of Congo (DRC). The companies highlight that rapid, ethical development of the deposit should play a role in supporting peace and security, and are advancing this process through reaching consensus on a commercial framework enabling Manono’s development, they state.
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