Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

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.

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Metalex Ventures Ltd > Let’s Get Real

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Comment by pennymaker69on Jun 25, 2022 2:51pm

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Post# 34782461

RE:Let’s Get Real

If that company was public they could unload the shares for the drill program super easy but nope... looks like we need to wait some more...

Oregonduck wrote: Investing in Chuck's MTX or CD is like buying a lottery ticket, and depending on your luck, the shares might pop or not. MTX's all-time, pre-splits, historical high was $50. Shareholders who bought and held on have lost 99.9 percent of their money since 1998. Likewise, in CD except when it went ballistic in 2018 after 1- for-10 rollback and financing and started trading at $0.25 and peaked at $7.0 with Yukon news.

Chuck does not promote and keep News tight. The only reason CD went on a spectacular run was due to Robert Cudney open market purchases. CD is now back down to $0.25 level after it crashed.

Interestingly, MTX holds 10 percent interest in Juno Corp, a private battery and rare metals co with the largest number of claims in the Ring of Fire.

MTX could fire up with a major discovery of Scandium and gold. Rio Tinto might be interested in doing a JV. Currently, there is no scandium mine in all of North America. Cudney could also get back in the game again and start buying.