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Abaxx Technologies Inc N.ABXX

Alternate Symbol(s):  ABXXF

Abaxx Technologies Inc. is a Canada-based financial software and market infrastructure company. The Company is developing and deploying software tools that make communication, trade, and transactions secure. The Company has launched Abaxx Commodity Futures Exchange and Clearinghouse, regulated by the Monetary Authority of Singapore, to support trading and risk management with physically settled benchmark futures contracts in the commodity markets at the center of the energy transition to a low-carbon emissions economy. Its products include Abaxx Verifier, Abaxx Drive, Abaxx Messenger, Abaxx Exchange, Abaxx Clearing and Abaxx Infrastructure. The Company is also focused on building Smarter Markets, which allow tools, benchmarks and technology to drive market-based solutions to challenges, including climate change and the energy transition. The Abaxx Verifier is a secure password, identity and verification application.


NEO:ABXX - Post by User

Post by Maple3on Dec 26, 2020 10:40am
342 Views
Post# 32183626

Taconite

Taconite

Hi Juade. You’ve had very informative posts on the fin teck and exchange side of this RTO. Any thoughts on the massive taconite deposits Abaxx now holds? (Isn’t it 10+ B tonnes of iron ore?)

Sept. 28: “The total carrying cost for all of these properties could easily exceed $2.5 millions per year starting 2021.”

Does new ownership reduce these fees? Could Abaxx raise cash by selling these claims? Would they let go the claims to avoid these expenses? Or do you think Josh and his team will eventually get involved to try to make this mining dream a reality?

Thank you again.

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