Nigerian firm, Bluesach Matrix, is targeting $1 billion from mining.
In a statement yesterday, the Firm Chairman, Kingsley Anajemba, said the company acquired inactive mining sites.
He said Bluesach Matrix, after exploration and mining, would account for about 100 million metric tonnes of granitic pegmatite, a form of igneous rock, which hosts the largest concentration of lithium ore and minerals.
He noted the firm estimates to mine and refine 3,600,000.00 metric tonnes of lithium in 20 mining sites.
Anajemba said the company would attract investors, reduce dependency on fossil fuel, increase employment from direct labour, boost local content and reduce capital flight from the export of unlicensed minerals.
“BlueSach Matrix partners foreign investors to set up a commercial bank, to finance operations in solid mineral for active licence owners who intend to bring mining industrialisation to Nigeria”.
Anajemba boasts 20 years of experience in leading growth across industries, including oil and gas, finance, and security.
