Country
Nigeria
Sector
Mining — Critical Minerals
Intelligence Type
Project
Status / Stage
Operational
Estimated Value
USD $250 million
Confidence
Confirmed
Latest Development
Project Details
Project TypeMineral Processing Plant
Project OwnerDiamond New Energy Company Limited
Other ContractorsBuilt in collaboration with Jiuling Lithium and Shenzhen-listed Canmax Technologies (SZSE:300390) — combined, the two account for over 20% of global lithium production
Actual CompletionCommissioned 2 July 2026, by President Bola Tinubu (represented by VP Kashim Shettima)
Current PhaseOperational
Funding StatusUnfunded
Latest Development (Detail)
Described by the Federal Government as West Africa's largest lithium processing plant — 6,000 metric tonnes of ore/day, ~3 million tonnes/year capacity. Created 1,000 direct and 2,000 indirect jobs. Second major lithium facility in Endo, after Avatar New Energy Materials Company's plant in the same community in 2024.
Commercial Opportunity Intelligence
Commercial ReadinessVery Early
Connected Intelligence
Source & Verification Trail
Last VerifiedAug 2026
Source(s)bne IntelliNews, BusinessDay NG, Leadership.ng, Energy News Network — all July 2026