Anglo Pacific is poised to transform into a battery materials company next year and will make a number of transactions to achieve this, its chief executive officer said.
Julien Treger said that the company – which has a portfolio of royalties and metal streams in mainly coal, iron ore and uranium – plans to focus its attention on lithium and cobalt, key raw materials used in the production of batteries for electric vehicles.
“It’s been quite frustrating that we haven’t executed on more transactions in 2020; I think a lot of people were a bit surprised by the beginning of the Covid-19 pandemic and it took them a while to decide how they were going to move forward,” he told the virtual Mines & Money conference on Wednesday December 2.
“That’s really picked up pace in the last quarter, so we are actually super optimistic about executing on a number of transactions as we pivot away from our bulk materials heritage towards more battery metals. We would expect to see a series of new transactions as we transform…
“It’s been quite frustrating that we haven’t executed on more transactions in 2020; I think a lot of people were a bit surprised by the beginning of the Covid-19 pandemic and it took them a while to decide how they were going to move forward,” he told the virtual Mines & Money conference on Wednesday December 2.
“That’s really picked up pace in the last quarter, so we are actually super optimistic about executing on a number of transactions as we pivot away from our bulk materials heritage towards more battery metals. We would expect to see a series of new transactions as we transform…
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