Logo
 Logo
  • Home
  • Technologies
  • Metals
    NickelIronLithiumRare EarthCopperUranium
  • Products
    ProductsPilot plantsPowdersNano PowdersProduct Development
  • Resources
  • Other
    RecyclingGraphite/Graphene
  • News & Media
    CVMR NewsPress Releases & EventsReferences & PublicationsVideosFeed
  • About Us
    Client ListCVMR PatentsManagement
  • Contact Us
 Logo menu_vert
  • CVMR Corporation Logo Svg
  • home Home
  • biotech Technologies
  • layersMetals
    • Nickel
    • Iron
    • Lithium
    • Rare Earth
    • Copper
    • Uranium
  • categoryProducts
    • Products
    • Pilot plants
    • Powders
    • Nano Powders
    • Product Development
  • inventory_2 Resources
  • autorenewOther
    • Recycling
    • Graphite/Graphene
  • newspaperNews & Media
    • CVMR News
    • Press Releases & Events
    • References & Publications
    • Videos
    • Feed
  • publicAbout Us
    • Client List
    • CVMR Patents
    • Management
  • contact_mail Contact Us
Home CVMR News Ethiopian Mineral Development Share Company (EMDSC) Announces the signing of a Memorandum of Understanding, In Toronto, Canada, for Joint Development with CVMR

Ethiopian Mineral Development Share Company (EMDSC) Announces the signing of a Memorandum of Understanding, In Toronto, Canada, for Joint Development with CVMR

Author: CVMR®
Date of publication: 21.09.2014
Reading time: 4 min.
925

Ethiopian Mineral Development Share Company (EMDSC) Announces the signing of a Memorandum of Understanding, In Toronto, Canada, for Joint Development with CVMR®

Tantalum, Niobium, Lithium, Nickel, Iron and PGM, Powders and Nano-Powder Production to commence within 24 months.

 

Toronto, September 18, 2014: Ethiopian Mineral Development Share Company (EMDSC) today announced at the Canadian Council on Africa’s Canada-Africa Business 2014 Summit, in Toronto, that it has entered into a Memorandum of Understanding with CVMR® Ltd., with the intention of forming a partnership that would lead to Tantalum, Niobium, Lithium, Nickel, iron, and PGM ore concentrate production and refining of the concentrates into specialty metal nano-powders. CVMR® has the right of first refusal to receive concentrates for 25 years. EMDSC has significant resources for economical production of the abovementioned metals. The proposed partnership has a preliminary estimate valued at $3 billion.

“EMDSC is very pleased to have found a partner with whom it can fully realize the economic potential of its rich mineral deposits,” said Dr. Zerihun Desta, CEO of EMDSC.

“The demand for premium-priced specialty metal powders is growing at a rate of 26% per year. CVMR®’s patented production methods produce metal powders up to 99.999% purity and at higher recovery rates and more economically than other mineral extraction methods. CVMR® is very pleased that its technology can help unlock much wealth and generate economic development for the rapidly growing country of Ethiopia,” said Dr. Kamran Khozan, Chairman of CVMR®.

Mr. Bogale Feleke, State Minister at the Prime Minister’s Office of Ethiopia and Chairman of the Board of EMDSC said “The government of Ethiopia welcomes CVMR® to Ethiopia in its ecomonic expansion process towards attracting manufacturing industries to Ethiopia.” H.E. Tolessa Shagi, Minister of Mines of Ethiopia said “The CVMR® refining technology‘s ability to simultaneously refine multiple metals is very valuable to our mine sites and has the potential to transform Ethiopian mining economics and attract investment.”

Mr. Nola Kianza, Founder and Director of Canadian Council on Africa, said that “The Council is very proud to have provided the platform at its Canada-Africa 2014 Summit, for CVMR® and EMDSC to meet and negotiate this significant commercial engagement between Canada and Ethiopia. CVMR® understands the approach to economic development and technology transfer demanded by African countries today.”

About EMDSC: EMDSC is in the business of exploration, development and mining of minerals, including Tantalum, Niobium, Lithium, Nickel, Iron Vanadium, Titanium, Chromium and PGM’s with mining licenses at Kenticha, Kilkile and Bupo in Ethiopia.

About CVMR®: CVMR® is in the business of mining and metal refining, using its proprietary vapour metallurgy processes for manufacturing of high value metal powders, net shapes and super alloys.

 

Source from CCAfrica

Answers to your questions

  • What does CVMR do?

    CVMR refines metals using vapor metallurgy and produces high-purity powders and components for various industries.

  • What metals does CVMR work with?

    CVMR works with over 30 metals, including nickel, cobalt, lithium, rare earth elements, gold, silver, and copper.

  • Who uses CVMR’s products?

    CVMR’s products are used in aerospace, automotive, electronics, medical devices, energy storage, and defense.

  • What is vapor metallurgy?

    It’s a process where metals are vaporized and purified to produce ultra-pure materials with precise control.

  • Is CVMR eco-friendly?

    Yes, CVMR uses sustainable methods like recycling metals, reducing CO₂, and turning methane into graphene.

  • Where is CVMR located?

    CVMR is based in Toronto, Canada, and operates in over 20 countries globally.

  • Who are CVMR’s clients?

    Clients include Pratt & Whitney, U.S. Mint, Virgin Galactic, Barrick Gold, and the U.S. Department of Energy.

  • Does CVMR make battery materials?

    Yes, CVMR supplies lithium, nickel, cobalt, manganese, and vanadium for electric vehicle and storage batteries.

  • What is CVMR’s role in graphene?

    CVMR converts CO₂ and methane into high-quality graphene for electronics, energy, and advanced material use.

  • How do I contact CVMR?

    Visit https://cvmr.ca or email [email protected] for business inquiries and more information.

Did you like the article? Share:

Read also

A new Project by CVMR® starting January 2025 in the beautiful and fast-growing country of Albania.
CVMR®

A new Project by CVMR® starting January 2025 in the beautiful and fast-growing country of Albania.

CVMR ® (Albania), (hereinafter “CVMR ®”) has commenced the establishment of a major nickel refinery in central Albania at Qafë Thanesë, Prrenjas. The company has acquired a 50-acre property designated as Free Industrial Zone, to build the first phase of two World Class nickel and iron refineries in modular form, based on CVMR ®’s proprietary vapour metallurgy, with the ability to expand the first phase of the operation three folds. The first phase will produce 10,000 tons per annum of high purity nickel and iron powders and nano powders.
Читать
Sep 02, 2024
Sama Resources Announces Positive Preliminary Economic Assessment for Samapleu Project
CVMR®

Sama Resources Announces Positive Preliminary Economic Assessment for Samapleu Project

Figure 1: Flow Sheet of Samapleu Concentrator Pre-tax NPV of USD 615M and IRR of 32.5% over a 20-year mine life Highlights Average annual production of 3,900 tonnes(“t”) of carbonyl nickel powder, 8,400 t of carbonyl iron powder and 14,100 t of copper concentrate over a 20-year mine life Capital costs of $282 million (“M”) including contingency of $37 M Operational costs of $23.96/t milled Pre-tax Net Present Value (“NPV”) at 8% discount rate …
Читать
May 27, 2020
CVMR leadership visiting Critical Metals Institute at Ames National Laboratories to discuss innovative technologies
CVMR®

CVMR leadership visiting Critical Metals Institute at Ames National Laboratories to discuss innovative technologies

CVMR leadership visiting Critical Metals Institute at Ames National Laboratories to discuss innovative technologies 19 August 2022.
Читать
Aug 19, 2022

Contact Us

Navigation

Technologies
Metals
Nickel
Iron
Lithium
Rare Earth
Copper
Uranium
Products
Pilot plants
Powders
Nano Powders
Product Development
Resources
Other
Recycling
Graphite/Graphene
News & Media
CVMR News
Press Releases & Events
References & Publications
Videos
Feed
About Us
Client List
CVMR Patents
Management