Pasele Group Acquires 80% Control of Hafun Mining and Energy Somalia

Pasele Group Acquires 80% Control of Hafun Mining and Energy Somalia, Country (December 15, Open) — Pasele Group proudly announces its acquisition of 80% ownership of Hafun Mining Energy Company in Somalia. This strategic move, valued at approximately €2 billion, positions the combined group as a powerhouse in lithium production and the mining of rare earth metals.

The Pasele Group, a leader in the critical minerals sector, has set a new standard with this acquisition, solidifying its position as one of the world's largest mining corporations.

Alex Wilkinson, CEO of Pasele Group, is forging a path to success in the era of critical minerals, emphasizing the group's hyper-focus on rare earths, including critical metals crucial in autocatalysts for reducing vehicle emissions. These metals also play a vital role in EV batteries and electric motors, driving the growth and innovation of the EV market.

"This acquisition aligns perfectly with our strategic vision," said Alex Wilkinson, CEO of Pasele Group. "We are committed to being at the forefront of the critical minerals industry, and Hafun Mining Energy's resources and expertise will significantly bolster our capabilities."

The seasoned management team at Pasele Group, in collaboration with Hafun Mining Energy's partners, will leverage their combined strengths to capitalize on strategic growth opportunities. Hafun Mining Energy will continue to provide vital ground support, ensuring operational excellence and unlocking new avenues for company expansion.

Pasele Group's dedication to sustainability and responsible mining practices remains unwavering. The company recognizes the importance of these critical minerals in advancing clean technologies and reducing carbon footprints globally. The era of critical minerals has arrived, and Pasele Group, with its latest acquisition, is poised to lead the charge toward a more sustainable and innovative future.

For more information about Pasele Group and its acquisitions, visit our contact us page or email us at info@pasele.co.uk.