Marula Mining is in advanced negotiations with a Chinese battery manufacturer to establish a joint venture for a lithium sulfate plant at the Blesberg lithium and tantalite mine in South Africa.
This plant, scheduled for commissioning in the second half of 2025, will process high-value ore with more stable revenue projections.
The joint venture plant is expected to generate approximately $200 million annually from the production of 2,000 tons of high-value lithium sulfate. The Chinese partner will fund and provide technology for the plant, minimizing Marula’s capital risk while securing a long-term supply of lithium for the partner’s battery operations.
The Company has recently raised £750,000 through a share subscription at 5p per share. With future funding secured and operations expanding, including plans to extend Blesberg’s mining life beyond 10 years, the company is positioning itself for long-term growth.
Jason Brewer, Marula Mining PLC CEO said:
“We are thrilled to announce that the company is finalising negotiations for a new joint venture partnership. This collaboration will …