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The latest update is out from MRG Metals Limited ( (AU:MRQ) ).
MRG Metals Limited has announced the granting of the Corridor South Mining Licence, a significant milestone for its fully funded 2-billion-tonne Corridor Sands Project in Mozambique. In partnership with Sinowin Lithium, the project aims to ramp up production to 800,000 tonnes per annum over five years, with an initial target of 130,000 to 160,000 tonnes in the first year. The announcement highlights the company’s strategic progress in the heavy mineral sands sector and its potential impact on the market, supported by a successful capital raise and ongoing exploration activities for rare earth elements.
More about MRG Metals Limited
MRG Metals Limited is engaged in the mining industry, focusing on the development of heavy mineral sands and rare earth projects. The company is involved in a joint venture with Sinowin Lithium to advance its Corridor Sands Heavy Mineral Sands Project, which is fully funded and aims to produce significant quantities of heavy mineral concentrate.
Current Market Cap: A$13.63M
For detailed information about MRQ stock, go to TipRanks’ Stock Analysis page.