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 > Rollback contemplated?!!!

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Comment by Oregonduckon May 24, 2023 10:02pm

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Post# 35462979

RE:RE:Rollback contemplated?!!!

pennymaker69 wrote:
it's 1-20 and they already had our approval 2 agms ago . But right now no need.

They had pulled the rollback in Dec 2019 when the stock spiked up to 10 cents from a low of 2 cents, vitiating the need for consolidation due to the low stock price. In the ensuing two years, the stock had fallen back to 3 cents recently. They need money desperately. I recalled you said $3.0 million raised in 2020 were more than enough for drilling. You were dead wrong. Money ran out. The $2.0 million raised recently will not go far paying for CF lab costs and endless work.

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