Company Announcement: Elemental Minerals appoints Cutfield Freeman & Co Ltd. as Strategic Adviser
Elemental Minerals Ltd. is pleased to announce that it has retained Cutfield Freeman & Co. Ltd (“CF&Co”) to act as its financial advisor in relation to seeking one or more joint venture partners for the Sintoukola Project in the Republic of Congo as the Company initiates its Bankable Feasibility Study and readies the Project for development. In June 2012, Elemental initiated a review of various strategic alternatives to maximize shareholder value. Based on this review, Elemental’s Board of Directors has decided to seek one or more joint venture partners to participate in development and operation of the Project. The aim of the process will be to secure joint venture arrangements which permit the Project to be developed in a timely fashion.
CF&Co is an independent corporate finance advisory firm with offices in London, Toronto and Hong Kong that specializes in the mining sector. Commenting on CF&Co’s appointment Elemental’s CEO, Iain Macpherson stated: “Cutfield Freeman & Co. is the right firm to implement our joint venture strategy. It has a track record of working with junior mining companies facing challenges similar to ours. We are confident that the opportunity to invest in this world class project, and secure reliable, long term potash supplies will be very attractive to potential partners.”
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