Sovereign Metals Limited (AU:SVM) has released an update.
Rio Tinto has committed an additional A$18.5 million to Sovereign Metals Limited by exercising options to increase its stake to 19.76%, a strategic move to advance the Kasiya Rutile-Graphite Project in Malawi. This significant investment is poised to develop a world-class mine for critical minerals essential for the titanium and lithium-ion battery industries, with Rio Tinto providing ongoing technical and marketing support.
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