Bezos-Backed Firm Signs Deal to Advance Congo Lithium Mine
KoBold Metals Co. has reached a preliminary commercial agreement to move forward with development of one of the world's biggest hard rock lithium deposits, in the Democratic Republic of Congo.
The firm backed by billionaires Bill Gates and Jeff Bezos reached a framework agreement with Australia's AVZ Minerals Ltd. to buy the latter's stake in a project for the Manono deposit, according to a letter signed by KoBold Chief Executive Officer Kurt House and AVZ CEO Nigel Ferguson.
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