Robex Resources Inc. has announced the closing of a mining convention with the government of Mali, securing a 20% ownership in Nampala SA for the government. This agreement aligns with the 2023 Mining Code and reflects Robex’s commitment to sustainable growth and development.
On March 3, 2025, Robex Resources Inc. announced the formal closing of a convention with the Mali government aligned with the 2023 Mining Code. The convention, signed on September 12, 2024, and approved on February 13, 2025, grants the government a 20% stake in Nampala SA, allowing it to participate in governance through a shareholder agreement.
Matthew Wilcox, Managing Director of Robex, acknowledged the efforts of the Mali government and his team, expressing appreciation for the collaboration that led to this successful closing. He highlighted the company’s commitment to extending the lifespan of the Nampala mine and developing properties in Mali, emphasizing a focus on inclusive and sustainable growth backed by sound financial management.
The announcement includes forward-looking statements regarding the company’s strategic plans. These statements are intended to outline the management’s expectations concerning future operations, allowing investors to better understand Robex’s business prospects and financial performance. Nonetheless, caution is advised regarding the potential variability of actual outcomes as several factors may impact results.
In summary, Robex Resources Inc. has successfully concluded a partnership with the government of Mali, enhancing its governance structure at Nampala SA. This agreement reflects the company’s strategic commitment to sustainable growth in the region. While optimistic projections are made, the company acknowledges the inherent risks associated with mining operations and market fluctuations.
Original Source: www.juniorminingnetwork.com
