Out of Money so soon?!!!!MTX just raised and closed $2.2 million financing in Dec 2022. The latest interim statements for Jan 31, 2023, showed cash in bank of $2.4 million. However, payables owing totaled $2.1 million. So, the Co has only $300k working capital available for drilling.
Jesus, it is like a dark hole sucking money. Before that, they raised $3.1 million in Jan 2020 and money gone and no drilling done. Yeah, the lab all backed up from years ago when they shipped a container of sample cores from Morocco to Kelowna still sitting in Chuck's lab. In the latest statements, MTX expensed $1 million on lab work.
Chuck and Chad are great at starting things but couldn't finish anything.
Metalex, Cantex and Northern Uranium are all half-dead moribund stocks.