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17/07/2024
Mining News

Surefire Resources partners with RASI Investment for Saudi-led development of Victory Bore vanadium project

Surefire Resources has inked a deal with Saudi Arabia’s RASI Investment Company, marking the second such agreement with a local firm since discussions began in August.

RASI has established a fund specifically for international investments in mining, manufacturing, and laboratory sectors, aligning with Saudi Arabia’s economic growth strategy.

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The agreement allows for negotiations on investment, co-participation, and offtake activities. Surefire plans to engage with Saudi partners to develop its Victory Bore vanadium project in Western Australia. The company’s strategy involves leveraging local incentives for resource projects, following a vanadium processing deal secured with the Ministry of Investment in August.

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