Discovery Metals says infill drilling enhances Botswana copper project

The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.

The bill modifies the Energy Act of 2020 to expand the definition of critical minerals to include critical materials designated by the Department of Energy (DOE).

The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.

The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector.