A leading Canadian mineral exploration company, Orosur Mining, has pledged to invest $5 million in exploration of Nigeria’s vast lithium deposits, this was disclose at a meeting with minister of Solid Mineral Development in Nigeria.
The Executive chairman, Orosur Mining, Mr. Louis Castro, expressed optimism that as a continuation of the company’s strategy of securing high quality mineral exploration opportunities in key jurisdictions worldwide, Orosur Mining has signed a Joint Venture agreement to explore a number exploration licences across Nigeria. He added that, the investment will lead way for many more investments in Nigeria’s highly lucrative solid minerals sector, especially as the country has come to be known for its enormous lithium deposit.
Also speaking, the NGSA director-general, Dr. Abdulrazaq Garba, said in addition to availing Orosur the relevant geosciences information on Lithium in Nigeria, the NGSA will also deploy its globally recognised technical expertise to maximise the investment outcomes for the mining firm.
Dr. Abdulrazaq Garba further assured Castro that in line with the NGSA’s mandate on mineral exploration, it had been able to generate reliable data sets on the country’s lithium resources as well as information on other minerals in Nigeria. In solidarity, the director-general, Nigeria Mining Cadastre Office (NMCO), Engr. Obadiah Simon Nkom told the Orosur executive that mineral licensing had been made easy for interested firms to apply for it via the electronic mining cadastre (eMC+) platform of the agency.
According to Leadership reports, as part of ongoing reforms to reposition the Nigerian mining sector, the federal government encourages investments in mineral exploration as part of policies that will facilitate the realisation the administration’s Renewed Hope Agenda in the mining sector.