A Tale if Two Companies Fireweed (FWZ) is a zinc, lead, silver and critical metal explorer with a world class discovery in Yukon. It's property is accessible by gravel road and airstrip on its Mountain Pass camp that can accommodate 150 workers year round. It is being compared to Teck's Red Dog Mine in Alaska. Teck's Cominco smelter in Trail can easily process their zinc and lead. No wonder Teck which owned 10 percent of Fireweed and with the lengendary Lundin family and others funds took down another $35 million financing in Dec 2022. Fireweed has completed the needed Preliminary Economic Assessment study to support its viability.
On the other hand, Cantex has done nothing to move its Yukon project along since drilling started in 2016. The property is extremely remote and it will need to construct a $120 million tote road to access the property across First Nation territorial lands. The land rights is a huge issue. The discovery is narrow in width and overlain by 50 metres of hard rock tills. There was a reason the stock was overhyped to $7.00 in 2019 and collapsed against massive dumping by Management, family members, Cudney and McEwen. Management is simply awful and not opaque. CD investors are mostly cult followers of Chuck. The Co had raised $90 million but lost 99 percent of its value over two decades with a series of stock rollbacks and dilution.
Don't see any JV or buyout in the horizon.