#Ethiopia: #MITHRA Metals, a prominent private investment firm based in the #UAE, recently announced a strategic move that underscores its dedication to fostering global partnerships in the mining industry.
The firm has acquired 240,000 shares of #ANS Exploration, headquartered in #Toronto, #Canada. This significant investment is in line with MITHRA Metals’ strategic outlook in identifying and engaging with promising mining companies worldwide, it said in a recent statement.
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This acquisition provided ANS Exploration and now Mithra Metals, with a strong presence within the #Tigray region of the country and added to its exploration portfolio in the highly prospective Nubian Shield.
The Daro and Zager licenses, located in the Neoproterozoic rocks of the Arabian Nubian Shield encompassing approximately 600 square kilometres, are considered promising for gold and base metals exploration, particularly Volcanogenic Massive Sulphide (VMS) mineralization. ANS Exploration, in an earlier statement, had said it was reviewing historic data and utilizing remote sensing imagery to identify potential VMS targets for exploration in the near future.
This strategic investment in ANS Exploration represents the firm’s proactive approach to identifying and collaborating with mining companies that exhibit promising growth prospects and align with its values of responsible and impactful investment.
An executive at MITHRA Metals, expressed enthusiasm about the acquisition, stating, “We are delighted to announce our investment in ANS Exploration. This partnership exemplifies our strategic vision for the future, as we seek to unlock the vast potential of the mining sector in Ethiopia and beyond. We believe that by investing in sustainable mining projects, we can drive positive economic and social impact while generating attractive returns for our stakeholders.” https://gulfbusiness.com/mithra-metals-expands-global-footprint-with-ambitious-acquisition/
The firm has acquired 240,000 shares of #ANS Exploration, headquartered in #Toronto, #Canada. This significant investment is in line with MITHRA Metals’ strategic outlook in identifying and engaging with promising mining companies worldwide, it said in a recent statement.
***
This acquisition provided ANS Exploration and now Mithra Metals, with a strong presence within the #Tigray region of the country and added to its exploration portfolio in the highly prospective Nubian Shield.
The Daro and Zager licenses, located in the Neoproterozoic rocks of the Arabian Nubian Shield encompassing approximately 600 square kilometres, are considered promising for gold and base metals exploration, particularly Volcanogenic Massive Sulphide (VMS) mineralization. ANS Exploration, in an earlier statement, had said it was reviewing historic data and utilizing remote sensing imagery to identify potential VMS targets for exploration in the near future.
This strategic investment in ANS Exploration represents the firm’s proactive approach to identifying and collaborating with mining companies that exhibit promising growth prospects and align with its values of responsible and impactful investment.
An executive at MITHRA Metals, expressed enthusiasm about the acquisition, stating, “We are delighted to announce our investment in ANS Exploration. This partnership exemplifies our strategic vision for the future, as we seek to unlock the vast potential of the mining sector in Ethiopia and beyond. We believe that by investing in sustainable mining projects, we can drive positive economic and social impact while generating attractive returns for our stakeholders.” https://gulfbusiness.com/mithra-metals-expands-global-footprint-with-ambitious-acquisition/
Gulf Business
MITHRA Metals expands global footprint with ambitious acquisition
MITHRA Metals strategic investment in ANS Exploration represents a proactive approach to identifying and collaborating with partners that exhibit promising growth prospects