HPX signs a letter of intent with the Government of Liberia and Guma Africa Group to develop the Liberty Corridor in Liberia, which will contain a new heavy railway linking the Nimba district of Guinea to a new Liberian deep-water port

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  • An investment estimated at $3billion has 5 billion dollars will enable sustainable mining development and downstream added value to regional economies

  • HPX and Guma Africa Group will enter into negotiations with the government of Liberia agree on the framework granting exclusive rights to develop, finance and grant operating rights to the Liberty Corridor

MONROVIA, Liberia, February 12, 2024 /CNW/ — Bronwyn BarnesPresident and CEO of US-based High Power Exploration Inc (“HPX”) today announced the signing of a letter of intent with the Government of Liberia and Guma Africa Group Ltd. to begin negotiations to own, design, finance, develop and operate the Liberty Corridor – an entirely new multi-user infrastructure corridor connecting Guinea And Liberia.

His Excellency the President of Liberia His Excellency Joseph Nyuma Boakai Sr (center) with Founder, Chief Executive Officer of I-Pulse Inc, Mr. Robert Friedland, Mrs. Bronwyn Barnes, Chief Executive Officer of HPX, Mr. Robert Gumede, Chairman and CEO of Guma Africa Group, Amb.(retd) Peter Pham and Gerald Padmore of Cox Padmore Skolnik & Shakarchy.

His Excellency the President of Liberia His Excellency Joseph Nyuma Boakai Sr (center) with Founder, Chief Executive Officer of I-Pulse Inc, Mr. Robert Friedland, Mrs. Bronwyn Barnes, Chief Executive Officer of HPX, Mr. Robert Gumede, Chairman and CEO of Guma Africa Group, Amb.(retd) Peter Pham and Gerald Padmore of Cox Padmore Skolnik & Shakarchy.

The Liberty Corridor will feature an entirely new world-class rail system connecting Guinea towards a new deep water port in Didia, Liberiaan extension of the existing hydroelectric network of Côte d’Ivoire to the Nimba districts of Liberia And Guineaa modernization of existing road networks and the installation of fiber optic telecommunications cables connecting Liberia in the Nimba district and potentially beyond.

The Liberty Corridor would be a joint development between the government of LiberiaHPX and the Guma Africa group.

GUMA AFRICA GROUP is a diversified pan-African investment and operating group involved in mining, infrastructure, tourism and hospitality, ICT, healthcare, human capital development, renewable energy, manufacturing railway, etc. Guma operates in 28 African countries.

HPX is an American exploration and development company focused on advancing its high-grade, long-life iron ore mine in the Lola region in the southeast of the Republic of Guinea. HPX’s main shareholder and technology provider is I-Pulse Inc, an American company founded and chaired by Mr. Robert Friedland and counts among its shareholders a number of leading American institutional and private investors.

I-Pulse Inc. is a privately held, multi-billion dollar American company founded by Robert Friedland and Laurent Frescaline and relies on a global network of shareholders. Visit www.ipulse-group.com to learn more.

Additional information or media contact:
Bronwyn BarnesPresident and CEO HPX
Bronwyn.Barnes@hpxmines.com
+44 7810 227 672

Joe MacDonald, Head of Strategy and Business Development
Joe.Macdonald@hpxmines.com
+ 44 7525 341 493

Photo – https://mma.prnewswire.com/media/2338630/HPX.jpg

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SOURCE HPX

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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/12/c7511.html

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