A firm, Bluesach Matrix Limited, has announced the acquisition of mining sites from other mining companies that were inactive.
The company added after successful exploration and mining of the acquired sites should be able to account for about 100 million metric tons of granitic pegamatite, a form of igneous rock which hosts the largest concentration of lithium and minerals.
Its Chairman of Bluesach, Mr. Kingsley Anajemba, a geologist explained that the company is a Nigerian company with global recognition in the solid mineral sector with experienced personals and having acquired the complete ownership and title of mining sites allocated to other mining companies has the aim of exploring and mining solid minerals of various class for commercial purpose
He also said that Bluesach Matrix Limited estimates to mine and refine about 3,600,000.00 metric tonnes of lithium from over 20 mining sites with the financial projection estimates of the company to hit a billion dollars in the next 4 years.
Anajemba noted, “The primary focus of Bluesach Matrix Limited are to attract investors, reduce the nation’s dependence on fossil fuel, increase employment from direct labour, boost local content and reduce capital flight from the export of unlicensed mineral.
He stressed that BlueSach Matrix Limited was in partnership with foreign investors to set up a commercial bank primarily to finance the operations of the solid mineral sector in Nigeria for active license owners who intend to bring mining industrialization to Nigeria.
