Buxton Resources Limited (AU:BUX) has released an update.
Buxton Resources Limited has secured a binding Earn-In Agreement to acquire the Matrix Manganese Project near the world’s 6th largest manganese resource in Arizona, with plans to commence drilling in Q4 2024. The acquisition offers Buxton shareholders an entry point into the burgeoning high-purity manganese sulphate market, crucial for battery production, amidst a backdrop where the US is entirely reliant on manganese imports.
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