Mining Global, Inc. has announced that it has accepted the agreement to merge with an African mining mine. The merger is set to be completed within the next thirty days.
The mine is in Namibia. A supplemental disclosure was filed with OTC Markets providing a Birdseye view of the merger and a full detailed 85 page mining report, including an overview of the lithium mine exploration project.
The license area covers several commercial farms. The geology of the region, particularly the Nama Group and Namaqua Metamorphic Complex, indicates strong potential for pegmatite-associated Sn and rare metal mineralization, including Lithium, tantalum, niobium, tin, tungsten, and more. The pegmatites in the area have historically been rich in valuable minerals, and further exploration is likely to reveal promising results.
The transaction will be closed in escrow so not to disturb the current share structure. MNGG will need to perform an audited financial statement and return to being an SEC reporting company together with other FINRA type compliance and corporate matters. The Namibia mining co will also be required to perform and meet certain pre agreed mining thresholds. Both companies expect to reach their targeted goals by the fiscal end 2023.
”In other company news and events addressing some of our followers FAQ the Company continues to operate its VAR mining & trading division and the mezzanine corporate business services. The company reports its revenues on a consolidated basis.
“We are excited about the potential this project holds and believe it presents a remarkable opportunity for investors and shareholders. The strategic location, combined with the untapped mineral wealth, makes this Lithium exploration project an attractive venture for those seeking high growth potential and long-term benefits. If you wish to obtain more detailed information about the project, please do not hesitate to reach out to us. Together, we can be at the forefront of a groundbreaking exploration journey in Namibia’s mineral-rich lands,” added the mine.