AXMIN Inc V.AXM.H

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc

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Post by Dragoonon Sep 30, 2020 2:31pm

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Post# 31642956

Passendro Mine Claim

Today an important article came out which shows the United States sanctioning Russian companies in the Central African Republic. This is important because the possible (never made official) transaction of the Passendro permits to Midas Resources (a Russian company) will be more difficult. Axmin has the arbitration with the CAR government planned about the permits (better chance for Axmin in the Arbitration).This puts Axmin in a stronger negotiating position with regards to getting back both the Passendro mine (permit) and expansion leases. Only Russia and China have worked in CAR for the last several years, making Axmin one of the only true feasible options of getting the gold mine in production. A good chance for investors outside China and Russia.

Link to new article: https://home.treasury.gov/news/press-releases/sm1133

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