Stockbox Media speaks to Sovereign Metals #SVML CCO Sapan Ghai in regard to the flagship Kasiya Rutile-Graphite project and 15% investment by Rio Tinto.

• Sovereign Metals has discovered the largest rutile (titanium dioxide) deposit ever found globally. This discovery is significant as it is the first rutile-dominant deposit found in the last 70 years, with only one other rutile producer currently in operation.
• Rio Tinto has acquired a 15% stake in Sovereign Metals and has the option to increase its stake to 19.99%. This partnership brings expertise, value chains, and market access to Sovereign Metals, especially in the titanium feedstock market, where Rio Tinto is a significant player.
• The Preliminary Feasibility Study (PFS) indicates a robust project with an estimated NPV (Net Present Value) of $1.6 billion and a life of mine of 25 years. The project also has the potential to generate over $400 million in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).