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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 ErinBrockovichon Jun 25, 2022 12:56pm
77 Views
Post# 34782372

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:You can see why TTX might be reluctant to do more drilling

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:You can see why TTX might be reluctant to do more drilling

Still near the bottom when it comes to corruption. It will take time to overcome this structural issue in country.

The second article is more applicable to producing, active mines. TTX is an explorer that wants to become a producer. You are in the orphan phase if you will. DRC is focused on cracking down on non compliance of active producers. Clearly, things are murky when it comes to exploration and near term producers. There are many examples, including the battle in the courts over AVZs mineral rights.   

China sucks as a partner in so many ways for DRC. My hope is they get rid of some of those companies and deals off the table. China is a relatively corrupt nation in its own right. 

An excerpt from the first article you mentioned:

Despite progresses corruption remains a problem in the country. NGO's have denounced the handling of funds to fight the pandemic and provide humanitarian aid.

"To speak of zero corruption, zero embezzlement, is a utopia. But in the Congo the problem is that we have reached a very high level that I would estimate to be as high as 90 percent, that is to say that in our country 90 percent of public expenditure is diverted and 10 percent is left for the collective interest. Our strategy is to reverse this situation" promised Jules Alingete Key.

According to Transparency International's 2020 Corruption Perception Index, the country ranks 170 out of 180 countries.

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