M2 controls approximately 1,600km2 of prime cobalt licenses in Uganda, East Africa, right next door to the DRC where over 60% of current cobalt supply originates. Our licenses are in two main areas: (1) Kilembe: 193km2 on strike near the Kilembe mine which historically was a major producer of copper and cobalt and (2) Bujagali, 1,400km2 in south central Uganda where M2 has attained initial samples of 1.24% Co.
Our two Kilembe area properties total 193 km2 on trend near the historic Kilembe mine, next door to the DRC, in an area ranked by GTK as the top cobalt exploration...
South Central Uganda
Our Bujagali project comprises 5 ELs totaling 1371.2 km2 in South-Central Uganda in an area ranked by GTK as one of the highest priority exploration targets in the country.