Nimba Lithium Project - National Investment Commission

Company Description

The National Investment Commission (NIC) is the Government of Liberia agency responsible for investment promotion, generation, and facilitation. It was established by the Legislature on September 6, 1979, and amended in 2010, with the mandate to promote Liberia’s investment opportunities; attract and support the growth of value-added foreign direct investments (FDIs), and advocate for and strengthen the domestic private sector.

Countries of Operation

Liberia

Ownership of Company: Other (please specify) - Government Proposed

Number of years since incorporated

65

Project Pitch

Nimba Lithium Project - The Nimba Lithium Project presents a Tier-1 investment opportunity in Liberia’s fast-emerging critical minerals sector. Positioned near the Yekepa-Buchanan multi-user railway, the project offers strategic access to Europe’s battery supply chain—delivering spodumene concentrate from a stable, pro-investment jurisdiction. Backed by Liberia’s National Investment Commission, this venture aligns directly with the EU’s Critical Raw Materials Act, providing European investors with a secure, non-Chinese source of lithium to power the clean-energy transition. Business Model: The project follows a phased, risk-managed development approach: exploration (Years 1–3, $8–12 M), feasibility (Years 3–5, $15–25 M), and mine development (Years 5–8, $150–250 M). Investors can enter via joint ventures or direct license acquisition, targeting annual production of 200,000–300,000 tpa of spodumene concentrate with revenue potential of $160–360 M. Government incentives include tax holidays, duty exemptions, and fiscal stability guarantees. Operations: Activities begin with detailed geological surveys, drilling, and JORC-compliant resource modeling, followed by plant design and infrastructure integration with the railway and Port of Buchanan. A robust ESG framework ensures compliance with EU standards through community development funds, local content, and transparent governance. The result is a scalable, long-life operation positioned as West Africa’s premier lithium export hub.

Team

Information not provided

Type of Project

Governmental/Institutional project

Stage

Concept stage

Annual Revenue (in EUR)

50.000 - 100.000 EUR

Number of employees

51-100

Total Project Cost (in EUR)

248.500.000 EUR

Financing needs (in EUR)

24.500.000 EUR

Type of financing needed

Equity; Grant

The Company is looking for:

Financing; Joint Venture/Partnership;

Planned allocation of fundraising capital

Greenfield (new activity for the company)