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Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s):  TTLXF

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo. Its project includes Manono Tailings, Pegmatite Corridor Exploration and Titan. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons measured and indicated resource, for which the pegmatite extends throughout its licenses 12447 and 12448.


CSE:TTX - Post by User

Post by Sylt1204on Feb 17, 2021 4:08pm
49 Views
Post# 32587570

Strategic Investment by Afrimet

Strategic Investment by Afrimethttps://www.tantalex.ca/board-of-directors Strategic Investment by Afrimet AfriMet Resources Ag (AMR), a subsidiary of Vanomet AG, a Swiss-based trader specialising in the 3Ts (tin, tantalum and tungsten) with a goal of developing and expanding their market for the 3Ts and lithium in Africa acquired 50,000,000 Units pursuant to the Offering. Prior to the Offering, AMR did not beneficially own or control any securities of the Corporation. As a result of the Private Placement, AMR beneficially owns and controls 50,000,000 Common Shares of the Corporation and 50,000,000 Warrants. Board of Directors Further to this strategic investment by AMR, the Corporation also announces the appointment of Hadley Natus as Director and Chairman of the Board of Directors. Mr. Natus founded AMR in 2019. He started his career in commodities at Trafigura Ag in 2008 and moved to MRI Trading Ag (Ex Marc Rich) in 2014. Prior to his career in the commodities space he worked at NetJets Europe GmbH. AMR has grown rapidly and is now a fully operational trading company focusing mainly on concentrates and specialty metals. It is presently one of the largest tin and tantalum concentrate traders in Africa. Furthermore, concurrent with Mr. Natuss appointment, the Board of Directors has accepted the resignation of Trumbull Fisher who has served the Corporation as director since April 1, 2020, effective November 19, 2020. The Board wishes to thank Mr. Fisher for his service to the Corporation and its shareholders and wish him well in his future endeavours.
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