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AVZ Minerals faces investor backlash and legal scrutiny over undisclosed risks in its DRC lithium project, amid stock suspension and shifting control.
AVZ Minerals faces mounting pressure as it confronts investors in Perth amid an ASIC lawsuit accusing its top executives of failing to disclose risks about its Manono lithium project in the DRC, where the company claims legal title to 70% after a July arbitration win.
The stock has been suspended since 2022, and AVZ denies allegations of misrepresentation and bribery by the Australian Federal Police, which raided the company in 2023.
Chinese firms now operate in parts of the site, reducing AVZ’s control, while growing U.S. interest in critical minerals could open opportunities for a strategic partner.
Rising lithium demand continues to fuel investor interest in ASX-listed mining firms.
AVZ Minerals se enfrenta a la reacción negativa de los inversores y al escrutinio legal por los riesgos no revelados en su proyecto de litio en la RDC, en medio de la suspensión de las existencias y el cambio de control.