DY6 Metals expands into Cameroon with acquisition of high-potential rutile-HMS assets, securing over 4,500 km² of exploration permits to tap into the growing titanium market.
DY6 Metals (ASX: DY6) has executed a binding agreement to acquire a 100% interest in two significant rutile and heavy mineral sands (HMS) projects in Cameroon.
New exploration permits in the Central project along with three exploration licences and three valid exploration permit applications for the Douala project cover a total area of 4,500 square kilometers.
According to DY6’s non-executive chair Dan Smith the proposed acquisition will transform DY6 into one of the major players of this vibrant market.
The organization will perform due diligence followed by exploration programs that include geological mapping and hand auger drilling operations to evaluate project prospects.
Rutile stands as the purest titanium dioxide type which industry demand uses for welding applications along with aerospace operations and pigment production.
Market analysts evaluated the rutile market at $8.4 billion during 2023 and predicted a 5.2% compound annual growth rate that will increase market value to $18 billion by 2032.
New sources such as the Cameroonian sites play an important role because they will supply the future market needs as ore grades decline while reserves diminish.
DY6 Metals continues to focus on critical minerals through this strategic enterprise which matches its current efforts in Malawi’s projects.
The entry into Cameroon places the company in a favorable position to extract the increasing demand for superior titanium resources.
