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Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s):  TTLXF

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on operating its TiTan tin and tantalum concentrate plant and developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons of measured and indicated resources, for which the pegmatite extends throughout its licenses 12447 and 12448.


CSE:TTX - Post by User

Comment by Sylt1204on Mar 20, 2021 5:12am
122 Views
Post# 32844344

RE:p.s.

RE:p.s.I think TTX really wanted to start drilling this time in 2021, hired new staff, but again no drilling, the same as in 2019. The problem is there is now money to drill, but these are debts and if that doesn't work, then leave the lights out here. The debt is enormous here. I suspect that something is wrong with the licenses, so that drilling cannot start even though the drills are already on site. I once read that the license does not allow access via AVZ area, this is what shareholders of AVZ once wrote. The rights to the tailings are available, but this must not be entered and drilled. This was sold to TTX by the few local officials on site, tailing yes, but no entry. But nobody noticed this, only when drilling is there no permission. So much for the assumption. Whether and to what extent this is all true or not is still a guess and not yet clear. In any case, there has to be some problem on site, drills and personnel as well as money for the first drilling are available. If this doesn't work out with the tailings, then only debt remains a huge mountain of debt. I am not sure whether it will continue then. The point here is not whether the share rises or falls from 4 to 5 cents, but all of the money can be lost. Delisting and bankruptcy, all money lost. The share is therefore no longer worth an investment for me. The total loss is conceivable here, and therefore intolerable for me, I don't want to lose any money, not even all of the money.
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