How to buy shares in Bubalus Resources
Another rare earths explorer hits the boards as it focuses its drill on manganese.
Bubalus Resources has listed on the Australian stock exchange following a $5m capital raise.
The company has assembled a portfolio of rare earths, manganese, zinc and cobalt across its four key tenements in the Northern Territory and Western Australia.
Bubalus says the NT area is underexplored for its rare earth and lithium potential, which it hopes to uncover at its Coomarie and Nolans East projects.
Meanwhile, its Amadeus Project located 125km south of Alice Springs is a prospective for high purity manganese for the battery metals industry.
There’s plenty of opportunity in the space, with electric vehicles increasingly using manganese for its batteries and the price rising 148% since 2011.
Bubalus’ other projects are more focused on heavy rare earths, which is seeing heightened demand as the U.S. and Australia look beyond China for the materials.
The recently signed US$700b energy and climate bill in the U.S. is expected to underpin demand and Australian producers are hoping to benefit from the increased interest.
Bubalus Resources is now available to trade on Stake under the ticker $BUS.
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