trending Market Intelligence /marketintelligence/en/news-insights/trending/afa9eh30fr0rcyo5cadcfw2 content esgSubNav
In This List

Six Sigma passes on option to acquire Zimbabwe vanadium, lithium projects

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Six Sigma passes on option to acquire Zimbabwe vanadium, lithium projects

Six Sigma Metals Ltd. decided not to exercise its option to acquire an interest in Mirrorplex Pty. Ltd.

Under the option agreement signed in May, the company could acquire up to an 80% interest in the Chuatsa vanadium-titanium project and the Shamva lithium project in Zimbabwe through a three-phased earn-in.

The company said Oct. 19 that independent members of the board believe that the option would not add value for the company, and instead, there is greater value in its current base metal assets in Botswana, and it will shift its focus there while continuing to identify and evaluate alternative opportunities.

The company further said it intends to conduct geophysical surveying across Dibete and Airstrip within its Magogaphate nickel-copper project in Botswana.