(Business in Cameroon) – Lion Rock Minerals (formerly Peak Minerals) announced on Wednesday, October 15, 2025, that it has completed a strategic placement of A$8.6 million (approximately $5.45 million) to Tronox Holdings plc, one of the world’s largest integrated producers of titanium dioxide, zircon, and rare earth minerals.
Under the transaction, Lion Rock will issue 153,195,857 ordinary shares at A$0.056 per unit, generating the announced funding. Following the closing of the placement, Tronox will hold approximately 5% of Lion Rock’s capital and cement a strategic partnership for the development of the Minta Project in Cameroon.
“We are delighted to welcome Tronox as a strategic investor and development partner for the Minta project,” said Casper Adson, CEO of Lion Rock. “Their involvement brings both expertise and immediate liquidity, laying the foundation for collaboration in development, processing, and market access for rare earths and titanium.“
The funds raised will be used to accelerate drilling campaigns, metallurgical studies, product qualification, and the establishment of an on-site analytical laboratory in Cameroon. The Minta Project, located in the Central region, spans 8,800 square kilometers and comprises 18 exploration permits with promising deposits of rutile, zircon, monazite, and gold.
Tronox’s investment is accompanied by a commercial and technical services agreement, which grants Lion Rock access to the group’s global expertise and network in the critical minerals sector. This strategic collaboration is expected to consolidate the development of Cameroon’s mineral potential significantly.
Amina Malloum
