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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.


TSXV:MTX - Post by User

Metalex Ventures Ltd
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Post by Oregonduckon Sep 12, 2022 3:58pm
156 Views
Post# 34957656

Trump Card

Trump CardLet's Go, Chuck.

In the latest Management Discussions, Chuck mentioned not so obliquely that MTX needs to undertake private placement, or JV, or exercise warrants to carry on its operations.

JV with Rio Tinto is the best option. Chuck needs adult supervision from someone like Rio Tinto. Rio is looking for Scandium feed stock for its Quebec plant, and MTX fits perfectly in synergy. Rio will be shutting down Diavik in 2025, and MTX's South African diamond prospects, U2 and Morocco ventures will all be accretive to Rio's far-flung ventures. They even have an office in Morocco.

I believe MTX stock will skyrocket if any such JV deal is made.

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Dealroom for high-potential pre-IPO opportunities