Tanzania, once pinned as a destination of choice for juniors far and wide, took a turn for the worse when legislation changes some years back and a heavy dispute with Acacia over tax claims saw investors turn their attention to other jurisdictions.
“We need to create conditions that enable beneficiation in all countries, not just a few in a particular region."
NextSource Materials has been accepted as a member of both the European Battery Alliance and the European Raw Materials Alliance.
“Completing this transaction provides a benefit to Prospect as it now owns an additional 17% of the quality Arcadia Lithium project.”
This project represents an opportunity for Tanzania to play a global role in the supply of strategically important rare earth elements.