Tyranna Resources was previously focused on gold and nickel, but pivoted in 2022 to lithium. After acquiring 80 percent of Angolan Minerals in May, Tyranna now owns the Namibe lithium project in the Giraul pegmatite field in Angola.
Although Tyranna’s share price performed relatively flatly early in 2022 — staying around AU$0.006 — the company’s acquisition of the Namibe project began driving it upwards, and shares of Tyranna have steadily moved higher over the course of 2022.