Core Insights - Terra Metals Inc. announces a strategic equity investment partnership with Investment Bank of Africa (IBA) and Nalolo Solar Power Energy Company (NASPEC) to advance the Nalolo Solar Project, a key initiative for Zambia's renewable energy transition [1] - The partnership reflects Terra Metals' long-term commitment to sustainable economic growth and support for Zambia's clean energy agenda [1] - The Nalolo Solar Project is expected to play a transformative role in Zambia's energy transition, driving economic growth, expanding job opportunities, enhancing energy security, and supporting the country's climate and sustainable development commitments [1] Company Overview - Terra Metals Inc. holds vested interests in the Nalolo Solar Project through its major shareholder, who is also a shareholder in NASPEC [1] - The company's executive director, Brian Chisala, expressed excitement about the strategic collaboration, marking significant progress for the Nalolo and Lukulu solar projects [1] - Chairman Mushinge Mumena emphasized the partnership's commitment to providing clean energy solutions and advancing Zambia's sustainable development goals [1] Investment Insights - IBA's CFO, Robert Solomon, highlighted that the investment aligns with IBA's strategic direction to allocate capital to high-value sustainable infrastructure projects that generate substantial financial returns while mitigating long-term risks [1] - The Nalolo Solar Project is based on solid foundations, growing energy demand, and government support, ensuring profitability for stakeholders and significant socio-economic impact for Zambia [1] Project Impact - NASPEC's chairman, Dr. Victor Ryan, stated that the collaboration marks a decisive moment for NASPEC and Zambia's renewable energy development [1] - The project aims to provide clean, reliable, and affordable electricity, create job opportunities, drive industrial growth, and enhance climate resilience [1]