Sovereign Metals Limited (ASX:SVM, OTC:SVMLF, AIM:SVML) managing director Julian Stephens tells Proactive that Rio Tinto is making an investment of A$40.4 million in Sovereign resulting in an initial 15% shareholding. The investment proceeds will be used to advance the Kasiya Rutile-Graphite Project in Malawi. He says the landmark deal with Rio is confirmation of Kasiya’s place as one of the most significant critical mineral discoveries in recent times.
Sovereign Metals welcomes Rio Tinto as strategic investor
