Cove Capital / AHQ Advance U.S.-Saudi Critical Minerals Cooperation
https://www.businesswire.com/news/h...ance-U.S.-Saudi-Critical-Minerals-Cooperation
Highlights:
https://www.businesswire.com/news/h...ance-U.S.-Saudi-Critical-Minerals-Cooperation
Highlights:
- "MOU establishing a formal framework for collaboration between Cove Capital and AHQ [Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company, a leading Saudi diversified industrial conglomerate] to identify, evaluate, acquire, finance, and operate critical minerals projects globally."
- "parties intend to jointly evaluate upstream and midstream critical minerals assets, ... and develop downstream refining, processing, and manufacturing capacity in the United States and Saudi Arabia."
- "parties will also explore the establishment of a dedicated critical minerals investment fund focused on deploying capital into strategic mining assets and advanced processing technologies."
- NOTE: Pini Althaus is the Chairman & CEO of Cove Capital, Kaz Resources, and REEMAG. Also the former founder of USA Rare Earth.
