MITHRA Metals Expands Global Footprint with Strategic Investment in ANS Exploration Corp.

MITHRA Metals Expands Global Footprint with Strategic Investment in ANS Exploration Corp.

Abu Dhabi, UAE, 25. 04. 2024
MITHRA Metals Holding Ltd., one of the private investment firms in the UAE, has reinforced its commitment to the mining industry by announcing a significant transaction following its active participation in the prestigious 121 Mining Investment and Mining INDABA 2024 events held in Cape Town.

Strategic Investment in ANS Exploration Corp.
In a strategic move that underscores MITHRA Metals’ dedication to fostering global partnerships, the firm has acquired 240,000 shares of ANS Exploration Corp., headquartered in Toronto, Canada. This investment is a testament to MITHRA Metals’ strategic outlook in identifying and engaging with promising mining companies worldwide.

ANS Exploration Corp. – Gateway to Ethiopian Mining Potential
ANS Exploration Corp. is one of the projects in MITHRA Metals’ portfolio, holding a 95% stake in Altau Resources Ltd., incorporated in Seychelles. This Seychelles-based entity, in turn, owns a 100% interest in the Daro (299.5 km2) and Zager (284.9 km2) licenses, strategically positioned in the Arabian-Nubian Shield: the geological terrains of the Tigray Province, Ethiopia.

Unlocking Vast Potential in Tigray Province
Daro and Zager licenses are situated in geological terrains with significant potential for copper and gold-bearing Volcanogenic Massive Sulphide (VMS). This aligns seamlessly with MITHRA Metals’ focus on the investment of discovering sustainable mining companies.

Strategic Vision for the Future
MITHRA Metals remains dedicated to identifying and collaborating with mining companies that share their commitment to sustainable practices. The acquisition of shares in ANS Exploration Corp. exemplifies MITHRA Metals’ strategic vision for the future, driving responsible and impactful investments in the mining sector.

About MITHRA Metals Holding Ltd.
MITHRA Metals Holding Ltd. is a private investment firm based in the UAE, with a strategic focus on the energy transition and precious metals exploration, development, and mining projects across the Middle East and Africa.