Extractive Industries

Red Rock explores possible lithium joint venture in DRC

Red Rock Resources plc said it was exploring possible co-operation with US-based third parties on copper-cobalt and a lithium joint venture in the Democratic Republic of Congo.

Red Rock sees the electric battery field as important (Wiki)

DUE DILIGENCE

Red Rock chairman Andrew Bell said that the company was conducting due diligence on some potential co-operation with a US investor in the cobalt-copper space.

He added that the company was also researching lithium opportunities and had initialled a possible joint venture.

“The electric battery field is seen as an important one for both of us, and no metal has better prospects or is more critical than lithium.” 

 

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