It’s been a long wait for investors but Armadale Capital finally receive the Mining License award for their high purity, high grade graphite project in Tanzania. A pivotal moment for the company who can now close out finance and start production in the graphite market ‘sweet spot’
In my latest Armadale Capital investor video I discuss the recent Mining License award and how this should now unlock binding off-take agreements and project financing for their work class high grade, high purity graphite project in Tanzania.
The company have done extensive independent third-party test-work with the likes of CSIRO and Xihin Hai that confirms the Mahenge graphite as a high purity premium product suitable for lithium-ion batteries.
With a Market Cap today of just £28m it sits at less than 10% of the project NPV but perhaps most importantly the Capex required for the project is just $39m with a host of funding options available.
I hope you enjoy my latest video and you understand why I feel Armadale offers an excellent investment opportunity.
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Click the video below to watch!
Research materials prepared based upon my own analysis and research. Accuracy cannot be guaranteed and research notes should not be taken as investment advice. Please always do your own research.