Max Resource Corp V.MAX

Alternate Symbol(s): MXROF

Metals & Mining Industrial Metals & Minerals

Max Resource Corp. is a Canada-based mineral exploration company advancing the newly discovered district-scale wholly owned Sierra Azul Copper-Silver Project in Colombia and its wholly owned Floralia Hematite Iron Ore Project in Brazil. The Sierra Azul Project is a district-scale copper-silver project spanning 120-km along the 200-km-long Cesar Basin in the mining region of northeastern Colombia. The Project consists of 20 mining concessions spanning over 188 square kilometers (km2). Its exploration is focused on three districts at Sierra-Azul: AM District, Conejo District, and URU District. The Floralia Hematite Iron Ore Project is located 70 km southeast (SE) of Belo Horizonte, Minas Gerais. The Floralia Hematite open cut is of significant size consisting of five benches rising to 48 meter (m) and 160 m in width revealing plunging bands of hematite iron ore at the base, and sub-horizontal banding at the top of the open cut and is open in all directions.

TSXV:MAX - Post by User

Max Resource Corp

Bullboard Posts

Post by Orderlyon Sep 08, 2019 10:46am

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Post# 30106377

MXR not proceeding with second tranche of private placement

I noticed this statement under the corporate update of the most recent news release (September 5th, 2019):

The Company is currently assessing Colombian mineral asset opportunities as part of its strategy to attract strategic partnerships. The Company is not proceeding with the second tranche of the financing (see July 9 news release).

So this means the company raised $1.2M after the first tranche, July 9th, 2019.

How far can this $1.2M take the exploration? How long before the company will need either a second round of financing or start hunting for partners?

Bullboard Posts

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