I suspect the guys pumping this garbage do NOT want you to read the news release. You should, its bizarre, keep in mind this crew has no Tantalum resource and couldn't apparently even manage a drill program, now here's the NR ...
Toronto, Ontario – TheNewswire - February 1 8 , 2021 – Tantalex Resources Corporation (CSE:TTX) (CNSX:TTX.CN) (“ Tantalex ” or the “ Corporation ”), is pleased to announce that it has entered into a non-binding MOU Agreement with Ximei Resources (Hong Kong) Limited (“Ximei”) to enter into a cooperation model for establishing a Tantalum refining plant in the Manono region, Tanganyika, in the Democratic Republic of the Congo (“ DRC ”).
The Manono area is endowed with cassiterite and coltan which are the primary minerals for for the production of tin and tantalum, respectively. A tantalum refining plant (the “ Plant ”) would create added value for the Great Lakes region, the communities and the DRC. Such a Plant would be the first on the African continent.
The terms of the cooperation between Tantalex and Ximei are based on the following premises:
-
-- Tantalex will conduct a feasibility study to establish the Plant (the “ Study ”).
-
-- Ximei will provide technical expertise in process and plant design as well as technical support with regards to requirement for the Plant,
-
-- Upon favorable outcome of the Study, Ximei and Tantalex will engage in commercial and investment decisions whereby Tantalex will be responsible to provide the tantalum concentrates and Ximei will obtain up to fifty percent (50%) of its manufactured product, the whole in accordance with an offtake agreement to be negotiated between Ximei and Tantalex in due time.
..."