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LAS VEGAS, 8 June 2023: Barrel Energy Inc (OTC Markets: BRLL), a company focused on green energy and battery minerals, has signed an agreement to acquire the Titan X Lithium Project in Tanzania. The project is located in northeastern Tanzania, a country rich in mineral wealth and active in the EV battery-material supply chain.
Titan X Lithium Project
The Titan X Lithium Project is a large, high-grade lithium project that is adjacent to the Titan 1 Lithium Project, which is already in production. The Titan X Project measures 97.4 square kilometers (approx. 24,075 acres) and has the potential to be a major source of lithium for the EV battery market.
Barrel Energy is well-positioned to develop the Titan X Lithium Project. The company has a strong management team with experience in the mining industry, and it has access to capital to fund the development of the project.
The acquisition of the Titan X Lithium Project is a major coup for Barrel Energy. The project has the potential to be a major source of lithium for the EV battery market, and it could help Barrel Energy to become a leading player in the green energy sector.
Company
Barrel Energy is a company dedicated to multiple ventures in the green energy and battery minerals sector. Their primary focus is on rapid development in North America and international markets. Barrel Energy holds crucial joint venture agreements that drive advancements in technologies and processes for Electric Vehicle (EV) batteries.
