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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Post by Oregonduckon Jan 12, 2021 10:12am
106 Views
Post# 32275109

Will Purcell - Stockwatch

Will Purcell - StockwatchPurcell had been a perennial wet blanket.

MTX still has to close another final tranche of $1 million plus PP already committed and spoken for. That money will likely target SA diamond play.I expect the diamond project will be delayed due to infectious Covid variant  in SA. Like CD, MTX stock will likely move much higher to allow other rounds of PP’s at much higher prices. CD raised the first round at $0.15 (post rollback), $1.00 and up to $6.50 for $10 million more.




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