Robex Resources Inc. has finalized a convention with the Government of Mali, granting a 20% ownership stake in Nampala SA. The agreement aligns with the 2023 Mining Code and has been endorsed by the Malian cabinet. Managing Director Matthew Wilcox highlighted the company’s commitment to sustainable growth and continued project development in Mali.
Robex Resources Inc. has successfully closed a convention with the Government of Mali, aligning with the 2023 Mining Code. The agreement, signed on September 12, 2024, received cabinet approval on February 13, 2025. As a result, the Government holds a 20% stake in Nampala SA, enhancing its influence over the company’s governance through a shareholder agreement.
Matthew Wilcox, the Managing Director of Robex, expressed appreciation for the Government of Mali and his team’s efforts that led to this successful closure. He emphasized the company’s commitment to extending the mine life at Nampala and pursuing sustainable growth through balanced financial management. Robex remains focused on advancing its projects in Mali, ensuring the strategic development of its operations.
This announcement includes forward-looking statements that reflect Robex’s expectations for future performance and plans. These statements involve various assumptions and risks which could lead to different outcomes than anticipated. Notably, these forward-looking perspectives involve the development of the Kiniero Gold Project, which depends on successfully meeting conditions under contractual agreements and managing external factors that could impact operations.
In summary, Robex Resources Inc. has formalized a partnership with the Government of Mali, providing the latter with a significant stake in Nampala SA. Through continuous development efforts and governance improvements, Robex aims to enhance its operations while emphasizing sustainable practices. The company is aware of the risks inherent in its forward-looking projections and is committed to navigating these challenges effectively.
Original Source: www.juniorminingnetwork.com
