Las Vegas, NV. , March 31, 2023 (GLOBE NEWSWIRE) — Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to report the announcement of several new economic initiatives between the U.S. and the Republic of Tanzania.
Recently Kamala Harris, Vice President of the United States, visited and spoke in Dar es Salaam, the counties commercial capital. During the visit by the VP, several initiatives were announced between the two nations, several of which will have a positive effect on the Titan Lithium projects. “Working together, it is our shared goal to increase economic investment in Tanzania and strengthen our economic ties,” Harris stated.
First on the agenda was a new memorandum of understanding between the Export-Import Bank of the United States (EXIM) and the government of Tanzania that will facilitate up to $500 million USD in financing to help U.S. companies export goods and services to Tanzania in sectors including infrastructure and projects within the clean energy spectrum.
Directly addressing minerals that support the fast-growing Electric Vehicle sector, the VP praised the innovation and ingenuity of the country and how well the government is working the with private sector. Tanzania will soon be the first African nation to have a facility for the processing of minerals for supplying the global electric vehicle battery market.
Harp Sangha, Chairman of the Company, noted “We are extremely pleased by various initiatives put forth that will serve to both strengthen economic ties between Tanzania and the U.S. as well as highlight Tanzania’s importance to the EV battery market.”
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
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