Strategy
The Company’s initial primary focus will be the Tsumeb Slag Stockpiles Project. Emerging Metals plans to conduct its own studies and test work to determine the viability of winning the contained metals from the Tsumeb Slag Stockpiles. The Company is principally interested in producing germanium, but also plans to pursue the production of zinc and gallium from the slags. The Company also intends to build exposure to a breadth of other metals. The investment metals that the Company plans to target exposure to include, but are not limited to: antimony, arsenic, bismuth, cadmium, chromium, cobalt, gallium, germanium, hafnium, indium, iridium, magnesium, manganese, mercury, molybdenum, osmium, platinum group metals, rare earth elements, rhenium, rhodium, ruthenium, selenium, silicon, tellurium, tin, titanium, tungsten, vanadium, zinc and zirconium. The Company’s exposure to a breath of investment metals will be achieved by purchasing physical quantities of such commodities for the trading portfolio and acquiring additional mineral projects. The Company may acquire, hold, store, market and trade physical quantities of the investment metals as part of a trading portfolio. The Directors believe that current market conditions will provide good opportunities for a positive return from its trading portfolio as the prices of the investment metals to which the Company has exposure increase. The Directors intend to undertake the initial assessments internally with additional independent technical advice as required from time to time on a case by case basis. The acquisition and disposal of investment metals to and from the trading portfolio will be carried out through established metals traders engaged from time to time. Additional opportunities which the Directors believe have the potential to enhance shareholder value will be considered. In evaluating possible additional opportunities, the Directors will take into account the goal of achieving a diversified exposure to different investment metals as well as the market outlook for individual elements. These opportunities may include interests (in whole or in part) in (without limit) exploration permits and licenses, mining projects under development, operating mines, smelters, slag stockpiles, refineries, and associated activities. Such investments may be structured as direct licence rights, companies (whether quoted or unquoted), partnerships, convertible instruments, options, debt or other loan structures, joint ventures or other financial instruments as the Directors deem appropriate. The Directors who have extensive experience in the acquisition, development and operation of exploration and mining projects intend to undertake the initial assessments internally with additional independent expert advice as required. The Directors believe that their collective experience in the areas of mining, acquisitions, accounting, corporate and financial management together with the opinion of expert consultants in the evaluation and exploitation of opportunities in investment metals will enable the Company to achieve its objectives. The Directors intend to take an active role in the management and development of the Tsumeb Slag Stockpiles Project and where practicable in any future projects. For more information, please see Emerging Metals’ Admission Document. |