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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 KozmoTon Oct 05, 2022 11:37am
59 Views
Post# 35006767

RE:Mining Research Risk Reward in DRC; Economic View

RE:Mining Research Risk Reward in DRC; Economic ViewOuch!!!  "ti .In March 2018,  president Joseph Kabila signed new modifications with a 50% ‘super profits’ tax and steep royalty hikes, decreasing a stabilization clause which formed the basis of investment decisions from 10 to 5 years.ii A new subcontracting law stipulates that subcontractors must be owned by Congolese shareholders.iii Furthermore, Congolese legislation allows for expropriation “in public interest,” and although fair compensation is to be paid, many Congolese laws are not consistently respected.iv Such turbulent government action has the potential to change business operations at any instant. In 2009, DRC shut down Canadian mine First Quantum, and the next year, the Supreme Court withdrew the company’s rights.v Government corruption and instability can make it even more difficult for businesses to seek justice against arbitrary hostile actions."

... "Infrastructure in the DRC is weak, even among developing countries. New projects are rare and, due to civil conflict, the existing roads, railways, and ports have either degraded into disrepair or become highly inefficient."
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