New Dawn Metals

About

New Dawn Metals (NDM), a company incorporated in England in January 2019, has signed a Technical Partnership Agreement with Base Metals Guinee SARLU, a Guinean company, that has exploration licences in the Mamou and Faranah prefectures in the Republic of Guinea. These licences are referred to as the Marela Project. The Technical Partnership Agreement was approved by the Minister of Mines in March 2019. Under the terms of the Technical Partnership Agreement the mining licence will be granted to NDM’s Guinean subsidiary company at the “decision to mine” stage and NDM will then hold an 85% interest, with the Government of Guinea holding 15%. NDM has strong local support for project development and will work closely with the Government for the benefit of all stakeholders. NDM’s primary focus is to develop Guinea’s first nickel-cobalt-scandium mine on the Marela project to produce nickel-cobalt products and a scandium-oxide product. NDM’s secondary objective is to produce and sell a mixed ilmenite and magnetite concentrate to off-takers for the production of vanadium pentoxide and synthetic rutile. NDM is currently doing a FEL-1 Scoping Study using Hatch which is expected to be completed by the end of Q1 2024. NDM plans to list through an IPO in H2 2024. NDM is a Member of the UK’s Critical Minerals Association.