Date: Oct 9, 2018
The company has changed its name from Mustang Resources as it develops the Caula Vanadium-Graphite Project.
Caula is within 200 kilometres of the port of Pemba
New Energy Minerals Ltd (ASX:NXE) has changed its name from Mustang Resources after receiving shareholder approval and registration by the Australian Securities and Investment Commission (ASIC).
The name change reflects the company’s focus on vanadium and graphite exploration and mining, commodities that are crucial for the rapidly-growing new energy market.
READ: New Energy Minerals produces high-grade vanadium concentrate from Caula ore
New Energy Minerals managing director Bernard Olivier said: “Given the company’s rapid development of the world-class Caula Vanadium-Graphite Project, we believe it to be an appropriate time to rebrand the company to ‘New Energy Minerals’.
