Zimbabwe holds the world’s second-largest known reserves of platinum-group metals after South Africa, plus substantial deposits of gold, diamonds, lithium, iron ore, coal, chrome and nickel.
The Government of Canada is investing in projects that will support resource development in an area where the territory's three operating diamond mines are located.
The company has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.
The winner’s prize is an “opportunity to negotiate up to a $1 million investment” in their technology, either toward a proof of concept or direct investment.
Move is part of an increasing wave of investment by mining and energy groups into technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.