Nickelex Resource Corp V.NICK

Alternate Symbol(s): NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba. The four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.

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Nickelex Resource Corp > insider ownership seems kind of low

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Comment by mferguson71on Dec 29, 2020 1:11pm

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Post# 32192149

RE:RE:insider ownership seems kind of low

My understanding is that current management is brand new to mining in Brazil. Larry had mentioned this on the webinar. There isnt alot of experience from current management that would count as insiders. Remember PMM was given about 8 million shares and cash for the properties. Those shares will go into tight hands. I'm not a 100% but those who are involved with PMM, are they considered insiders currently? I would expect to see PMM group be more involved in that regard to be honest.

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