The Swiss miner will pay a staggered $5 million to Tantalex as part of the marketing off-take agreement.
Tantalex Lithium, a Canadian junior miner that is aiming to produce lithium from the Democratic Republic of Congo , said on Friday its tailings project has secured the backing of Glencore.
Tailings dams, which can tower dozens of meters high and stretch for several kilometres, are a common waste-disposal method for miners. The deal is subject to Glencore conducting due diligence and its backing of Manono helps to de-risk the project, Tantalex CEO Eric Allard said. Allard said Glencore’s expertise in the country “will be crucial for developing further our activities in the DRC.”
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