The Conversation (0)
Energizer Resources Inc.(TSX:EGZ) announced reaching an agreement with DRA Mineral Projects to develop the Green Giant Project in Madagascar. The Company was in a position to enter into such an agreement after a significant discovery of graphite as well as its NI 43-101 vanadium resource. Energizer also announced new five new board appointments.
As quoted in the press release:
While graphite and vanadium are forecasted to have strong growth in their traditional applications (primarily steel related) for the next decade, it is these new applications and developments, and their resulting projected demand, that are the drivers for the development of the Green Giant Project (the “Project”).
Energizer Resources Inc., CEO, Kirk McKinnon, said:
This arrangement with DRA is significant as it provides Energizer with experts that have all the skill-sets required to advance our Project to mine development, while interfacing with the Government, and leveraging their knowledge on infrastructure through insight into the Sakoa Coal project. We are also pleased that Energizer’s continuing project development will bring employment and substantial expansion of infrastructure to the people of Madagascar in this region. The Company uses well over 100 local people through its exploration programs and have found them to be highly industrious. DRA will be able to leverage this skill-set as the Project grows and continues to add more resources and infrastructure enhancements to the region. Energizer’s primary focus will now be the interface with and procurement of, key strategic partners and project financing. Currently the Company is well financed to reach key project milestones, including the completion of the Preliminary Economic Assessment (PEA Study).
Click here to read the Energizer Resources Inc. (TSX:EGZ) press release
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