CVMR Corporation and the CAR Sign Landmark Mining and Refining Partnership

CVMR Corporation ("CVMR"), a global leader in advanced metal refining technologies, recently announced on November 27th that it has signed a long-term strategic partnership with the Government of the Central African Republic ("CAR") for the exploration, development and in-country refining of the nation's key mineral resources.

CVMR Corporation ("CVMR"), a global leader in advanced metal refining technologies, recently announced on November 27th that it has signed a long-term strategic partnership with the Government of the Central African Republic ("CAR") for the exploration, development and in-country refining of the nation's key mineral resources.

Under the public-private partnership, CVMR will, through a newly established local subsidiary, CVMR (Central African Republic), lead exploration, mining and refining activities for a portfolio of strategic minerals that includes uranium, tantalum and niobium (coltan), copper, antimony, nickel and gold. Uranium activities will be carried out by Uranium Power Corporation, a wholly owned U.S. subsidiary of CVMR with extensive experience in uranium mining and milling.

The 25-year partnership is designed to shift the Central African Republic from an exporter of largely unprocessed ore to a country that captures significantly more value through local processing and refining. The agreement provides for the phased construction of in-country facilities using CVMR's proprietary vapor metallurgy and related technologies to produce high-purity metal products for global industrial markets.

"This partnership marks the beginning of a new chapter for both CVMR and the Central African Republic," said Kamran M. Khozan, Chairman and Chief Executive Officer of CVMR Corporation. "By combining CAR's geological potential with CVMR's zero-emission, high-purity refining technologies, we aim to build a vertically integrated mining and refining platform that creates long-term value for the people of the Central African Republic, while supplying critical materials to our customers worldwide."

Focus on Local Value Creation, Youth Employment and Skills

A central pillar of the agreement is the development of local skills and high-quality employment. CVMR will work with universities, technical institutes and vocational schools in the Central African Republic to design training programs, apprenticeships and structured skills-transfer initiatives that support the operation and maintenance of the new facilities.

With nearly three-quarters of the population under the age of 35, the partnership seeks to create thousands of direct and indirect jobs over time, while building a new generation of Central African engineers, technicians and operators in mining, metallurgy, logistics and finance.

"We are not simply acquiring mineral rights; we are investing in people, institutions and long-term capacity," added Mr. Khozan. "Our goal is that Central Africans will not only work in these operations - they will increasingly lead them."

Dedicated Financial Platform for Mining and Infrastructure

As part of the broader collaboration, CVMR has committed to work with the Government of the Central African Republic to create a dedicated financial mechanism to support mining and related infrastructure projects. This specialized platform is expected to:

o Promote transparency and best practices in the management of mining revenues.

o Support project financing for critical infrastructure, including power, transport and water; and

o Facilitate domestic and international investment into mining and processing projects;

The new vehicle is intended to attract capital from development finance institutions, multilateral agencies, private equity investors and strategic industry partners aligned with the country's long-term development objectives.

Advancing Responsible and Sustainable Resource Development

In line with CVMR's global standards, the partnership emphasizes environmental stewardship, transparency and responsible resource management. CVMR's proprietary vapour metallurgy refining processes are designed to significantly reduce emissions, eliminate liquid effluents and minimize solid waste compared with conventional smelting and hydrometallurgical methods.

CVMR will support the Central African Republic in the accurate assessment and certification of mineral reserves, the adoption of international reporting standards and the development of modern environmental, social and governance (ESG) frameworks across the life cycle of each project.

"Our technologies were developed to solve real environmental and efficiency challenges in metal refining," said Mr. Khozan. "We believe they are particularly well suited to frontier markets such as the Central African Republic, where building new facilities from the ground up allows us to implement state-of-the-art, low-emission solutions from day one."

Operational implementation of the partnership is expected to begin within twelve months, starting with a comprehensive geological assessment program, prioritization of target districts and pre-feasibility work on the first generation of integrated mining and refining projects.Read original article: https://cvmr.ca/media/news/cvmr-corporation-and-the-central-african-republic-car-sign-landmark-mining-and-refining-partnership

Contact Details

Organization: CVMR Corporation

Contact Person: Kiana

Website: https://cvmr.ca/

Email: info@cvmr.ca

Country: United States

Release Id: 02012639682

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