trending Market Intelligence /marketintelligence/en/news-insights/trending/XYPTYFxz0sr-qS6nXHwIjA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Force Commodities acquiring 70% stake in 2 DRC lithium projects

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020

Force Commodities acquiring 70% stake in 2 DRC lithium projects

Force Commodities Ltd. said Aug. 7 that it signed a binding heads of agreement with Lithium Age Pty. Ltd. to acquire a 70% interest in the Kitotolo and Kiambi projects in the Democratic Republic of the Congo, which are considered prospective for lithium, tin and tantalum.

The Kitotolo project comprises an exploration license covering about 400 square kilometers, which is expected to be renewed for five years. The project will be jointly explored with state-owned La Congolaise d'Exploitation Miniere SA, or Cominiere.

Located 80 kilometers east of Kitotolo, the Kiambi project covers 34 square kilometers and will be jointly explored with private company Liberty Mining and Investments SARL.

Force Commodities paid US$50,000 in cash and will assume Lithium Age's responsibilities for both projects upon the completion of due diligence and will issue a total of 127.5 million shares upon completing certain project milestones.

Should Force Commodities proceed with the acquisition, it will pay Liberty Mining A$150,000 in cash upon the transfer of the Kiambi project mining license to the joint venture company, issue US$100,000 in shares, pay A$110,000 in cash after 12 months, and shoulder an environmental report fee of US$30,000.

Meanwhile, the company must complete a payment of US$50,000 to Cominiere by Sept. 15 and an additional US$62,000 upon formalizing the joint venture for the Kitotolo project.