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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 operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program. 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 of measured and indicated resources, for which the pegmatite extends throughout its licenses 12447 and 12448.


CSE:TTX - Post by User

Post by stkinvestor75on Jan 23, 2020 8:31pm
111 Views
Post# 30591700

Financial and MD&A

Financial and MD&A
IT seems they received loand of 300k in October 2019 and had 86k left by end of November, ...

As at November 30, 2019, the Company had a cash and cash equivalent balance of $86,797 (February 28, 2019 - $110,762) and total current assets of $497,721 (February 28, 2019 - $535,310). During the period the Company received net cash proceeds of $1,029,576 from non-interest-bearing loans and $200,000 of loans bearing annual interest of 12% maturing 1 year from the issue date
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