Extractive Industries

Caerus looks to clean energy investments and targets

Caerus Mineral Resources plc said it was reviewing a number of investment opportunities and was in early-stage discussions with several potential targets in key clean energy commodities.

Strategic: Caerus Minerals will also evaluate its existing Cypriot asset portfolio (Caerus Minerals)

CLEAN ENERGY

The Cyprus-based exploration and resource development company focuses on generating copper-gold value from the historic copper mining island of Cyprus.

“Whilst discussions are ongoing, there can be no certainty that these transactions will complete,” added Caerus in a statement.  

The company also explores for and develops new hard rock resources.

EVM

Caerus already has a strategic alliance with EV Metals Group (EVM) to enable EVM to comply with the ‘Rules of Origin’ for electric automotive products under the  EU – UK Trade and Co-operation Agreement (TCA).

This will then qualify EVM to be tariff and quota-free.

Automotive products include lithium, copper, cobalt, nickel, other metals and industrial minerals.

Executive chairman Chris Lambert and chief executive Charles Long will conduct a strategic review of Caerus’ existing assets as stand-alone development projects as well as their ability to meet EVM’s significant resource demand.  

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