NEW YORK, NY -- May 18, 2023 -- InvestorsHub NewsWire -- CGrowth
Capital Inc. (OTC:
CGRA) is a public holding company for alternative and
undervalued assets. The company is sector and industry agnostic and
is solely focused on investing in growth-oriented opportunities
where the company’s capital, expertise, and
capabilities can help create significant added value for
shareholders.
CGrowth Capital Inc. is delighted to announce the acquisition of
a series of highly promising lithium tenements in Tanzania, marking
a significant step forward for the company's entry into the lithium
market. This strategic move positions CGRA as a key player in the
global supply of critical minerals. Tanzania’s rich lithium
reserves offer immense potential, and CGRA is excited to tap into
this resource to meet the growing demand for lithium in the
renewable energy sector. This acquisition signifies a major
milestone in CGRA’s journey toward creating and delivering
significant added value and strong returns for shareholders.
The lithium market, often referred to as 'white gold,' presents
a formidable opportunity. As a key driver in the global energy
transition, lithium has seen its demand skyrocket. The market is
estimated to surge from $525.8 million in 2021 to nearly $1.4
billion by 2026, showcasing a compound annual growth rate (CAGR) of
20.8%.
"Lithium is the linchpin of the green energy revolution, and its
demand is set to increase exponentially," commented Mitchell Smith,
CEO of CGrowth Capital Inc. "Our venture into lithium mining in
Tanzania is timed perfectly to capture this growth wave, promising
substantial returns for our shareholders.”
In the coming years, batteries are expected to account for 95%
of lithium demand, with automotive manufacturers setting ambitious
electric vehicle targets. Electric vehicles (EVs), which require
six times the mineral inputs of conventional cars, will
significantly impact lithium-ion battery demand.
"We're committed to positioning CGRA at the forefront of this
global shift," stated Nicolas Link, Chairman of CGRA. "Our
strategic commitment to this essential metal underpins our
commitment to driving shareholder value, fostering sustainable
growth, and shaping our leadership in the global mining
industry.”
The company's investment in Tanzania, a region rich in lithium
resources, has led to the acquisition of the Hombolo Lithium
Project. Comprising of 17 prospecting licenses and 37 primary
mining licenses across 435.3 square kilometers, the project offers
significant potential for long-term revenue. "We are extremely
encouraged by the promising indications of significant lithium
deposits in the area," Smith noted. "We remain hugely optimistic
about this sizable site becoming a significant source of long-term
revenue.”
As part of its strategic plan, CGRA will commence a
comprehensive series of geological surveys to identify prospective
mining sites within the project area. "With the global demand for
lithium set to outstrip supply by 2025, we are confident that our
strategic investments will yield significant returns for our
shareholders,” concluded Link.
The timing of this acquisition coincides with the recent
landmark visit of US Vice President Kamala Harris to Tanzania,
further highlighting the strategic importance of the region in the
global supply of critical minerals. "The Vice President's visit
signals the recognition of Tanzania's potential as a critical
supplier of metals essential for the green energy revolution,"
stated Smith. "This development aligns perfectly with our
acquisition, enhancing the potential returns for our
shareholders.”
"US Vice President Harris's visit to Tanzania is indicative of
the increasing geopolitical importance of critical minerals and the
role they play in the drive towards renewable energy. Her visit
strengthens the credibility of CGRA’s strategic vision and the
potential of its latest acquisition. We are excited about the
global recognition of Tanzania as a key player in the minerals
sector, and we look forward to contributing to a greener future,”
said Nick Link.
The launch of this lithium-focused acquisition marks a pivotal
moment in CGRA’s growth trajectory. The company is now perfectly
positioned to seize upon the booming global demand for lithium.
"With the global demand for lithium set to outstrip supply by 2025,
we are confident that our strategic investments will yield
significant returns for our shareholders,” concluded Link.
For regular CGrowth Capital (CGRA) updates, you are invited to
view the company’s website and/or to follow
the company’s Twitter account:
Website: https://cgrowthcapital.com
Twitter: @CGRAOTC
Contact: info@cgrowthcapital.com
Source: CGRA
Forward-Looking Statement
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
We use these channels as well as social media to communicate with
the public about our company, our services, and other issues. It is
possible that the information we post on social media could be
deemed to be material information. Therefore, in light of the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels: Twitter: @CGRAOTC
Grafico Azioni CGrowth Capital (PK) (USOTC:CGRA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni CGrowth Capital (PK) (USOTC:CGRA)
Storico
Da Gen 2024 a Gen 2025
