CGrowth Capital Inc. Granted Four New Prospecting Licenses, Unveils Detailed Rollout Schedule, and Key Milestones for Lithium Mining Project - Seite 2

Two key elements of the action plan which will be completed early in the new year, prior to completing a PEA, include the drilling and core sampling programs. These programs will be instrumental in enriching the company’s understanding of the tenements and building a strong reserve table. The drilling will refine the estimation of the lithium resources already confirmed, while the core sampling will provide detailed data on the lithium concentration and ore quality. This information will be instrumental in understanding the economic potential of the mining project in greater detail. Given the encouraging data from surrounding mines and the company’s recent research study, the management team's optimism regarding the project's potential has intensified. This sentiment is buoyed by anticipation of further validation and positive results from upcoming analyses and in-depth reports, especially in light of the recent positive upturn in the global lithium market.

While it's beneficial to understand the core elements of the rollout plan for the next number of months within this phase of the project schedule, it's equally important to reflect on the significant progress and key milestones achieved in recent months, recognizing the tangible benefits and practical implications of these accomplishments for CGRA shareholders. With this in mind, it is crucial for shareholders to fully grasp the significance of the following milestones:

Granting of Prospecting Licences

Obtaining prospecting licenses is a crucial milestone in the mining industry, signifying a major achievement for any mining company. CGRA has successfully secured multiple four-year prospecting licenses from the Ministry of Minerals and the Mining Commission of the United Republic of Tanzania. This authorization enables CGRA to explore and potentially extract lithium from eleven carefully chosen areas, spanning a total of 330.04 square kilometers. This achievement is of great significance as it grants the company the necessary legal and regulatory approvals to continue its exploration and potential extraction of lithium unimpeded and without pause for the next four years. It's important to emphasize that the process of obtaining these licenses is both time-consuming and costly. CGRA has invested a substantial amount of time and energy to obtain these licenses with the prospecting license fees for these eleven licenses alone totaling over $328,000. This highlights the significant financial commitment the company has made to secure the rights to these licenses. Investors can easily access these licenses and the associated costs on the CGRA Mining website in the investor section. For additional confirmation of their issuance and validity, investors can also check them on the official Tanzania Mining eGov Portal. To assist in the verification process, a comprehensive video tutorial demonstrating how to confirm the existence of these licenses on the official Government Portal is available on the CGRA Twitter page: @CGRAOTC.