Mining Global Inc. (OTCPK:MNGG) reached an agreement to acquire a lithium mine in Namibia on August 8, 2023. The transaction will be closed in escrow so not to disturb the current share structure. MNGG will need to perform an audited financial statement and return to being an SEC reporting company together with other FINRA type compliance and corporate matters.

The Namibia mining co will also be required to perform and meet certain pre agreed mining thresholds. Both companies expect to reach their targeted goals by the fiscal end 2023. The merger is set to be completed within the next thirty days.