Medcaw Investments Plc (MCI) ORD GBP0.01

Medcaw Investments plc is a United Kingdom-based shell company. The Company’s primary objective is to identify and acquire prospective lithium mining projects across Africa. It has entered into a binding conditional agreement to acquire Abyssinian Metals Limited (AML), a company developing the Kenticha lithium project located in Oromia State, Southern Ethiopia. The Kenticha project is a highly evolved, rare element, lithium Cesium tantalum (LCT) pegmatite project, comparable to other major rare-element pegmatites such as Greenbushes, Tanco, Wodgina, Volta Grande and Altai No.3. Kenticha is a late-stage development asset which AML intends to develop with the production of spodumene concentrate planned in stages, with near-term production through a dense medium separation (DMS) modular plant.