Erin Ventures in DD with strategic partner for its Serbia boron project
Erin Ventures announced that it is engaged in a due diligence process with a potential strategic partner regarding development of Erin’s Piskanja boron project in Serbia. Piskanja is Erin’s wholly owned, high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 per cent B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3).
This prospective partner meets Erin’s criteria because of its ability to provide capital required to advance the Piskanja project towards production, as well as mining expertise, and boron-specific expertise. Due to the nature of the boron market, Erin believes that its best course of action to effectively penetrate the market in a timely manner while maximizing returns to shareholders, is to secure strategic partners who are well established in various facets of the tightly controlled boron industry – from production, to sales, to the manufacture of boron-derivative products.
“The robust numbers in our PEA and updated MRE, combined with improving market conditions for the mining sector are generating new and renewed interest in our project by potential strategic partners” said Tim Daniels, President of Erin. “Securing strategic partners who can contribute to the development, future production and/or sale of product from Piskanja is one of our immediate priorities.”
Due to the sensitive nature of the boron industry and the current stage of discussions, the parties have entered into a non-disclosure agreement. Consequently, no further specifics can be released at this point in time. Erin will continue to update shareholders and the market in a timely fashion of further material developments with respect to this and other potential alliances, as it is able to disclose.
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- Rio Tinto Ultra lithium mining project in Serbia
- Lithium extraction in Europe
- Erin Ventures boron Piskanja project in Serbia, drilling report updates
- Who are the main players in the ore exploration business in Serbia
- Serbian calcite exploitation company Belkalhan opening supply channels toward Europe industrial users for delivery contracts 2024/2025
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- First Quantum Minerals, Roaring Back to Life thanks to sale of Kevitsa nickel-copper-platinum mine in Finland
- What Are The Major Natural Resources Of Macedonia?
- Canadian mining companies in Europe & ISDS