The company completed its re-domiciliation to UAE in early July, a move that it says would provide the company with “expanded strategic options” as it advances partnership discussions. The name change was also announced to reflect a significant symbol in UAE culture.
Falcon Energy is currently developing the Lola graphite project in the Republic of Guinea. The UAE has double taxation and bilateral investment treaties with the African nation, the company noted.
“The equity markets in Canada are tough at the moment,” Falcon’s CEO Matthieu Bos said in an interview with the Financial Post. “The Middle East is booming on all fronts. It’s an interesting place to do business … let’s just pick up shop and look where the money is, where the desire is to really make this (electric vehicle) value chain.”
The Canadian government, meanwhile, has begun introducing policies that make it more difficult for foreign entities,…
