Brief: Evolution Energy Minerals Says Landmark Agreements Settled With Govt Of Tanzania

Evolution Energy Minerals

08/03/2023 01:25

March 8 (Reuters) - Evolution Energy Minerals Ltd
 EV1.AX :
    * LANDMARK AGREEMENTS SETTLED WITH GOVERNMENT OF TANZANIA
    * FRAMEWORK, SHAREHOLDERS AGREEMENT FOR OWNERSHIP OF CHILALO
GRAPHITE PROJECT NOW IN FORM AGREED WITH TANZANIAN GOVERNMENT
    * AGREEMENTS PROVIDE FOR REISSUED 10-YEAR TERM TO MINING
LICENCE &
REISSUED TERMS FOR ALL PROSPECTING LICENCES
    * NEW JOINT VENTURE COMPANY, KUDU GRAPHITE LIMITED 
INCORPORATED
    * NEW JV CO WILL BE OWNED AS TO 84% EVOLUTION (INDIRECTLY)
AND 16%
TANZANIAN GOVERNMENT
    * NEW JV CO FOR PURPOSE OF HOLDING CHILALO LICENCES, PERMITS
AND
UNDERTAKING DEVELOPMENT OF CHILALO

Source text for Eikon:  ID:nASX7VtlcN 
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 ((Reuters.Briefs@thomsonreuters.com;))