Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s): TTLXF

Metals & Mining Industrial Metals & Minerals

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.

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Tantalex Lithium Resources Corporation

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Post by Betteryear2on Sep 08, 2023 6:49pm

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Post# 35627074

Tantalex Lithium Agrees to Term Sheet with Glencore

KEY HIGHLIGHTS

Marketing Offtake Agreement for Spodumene concentrate (SC6) to be produced from the Manono Lithium Tailings Project located in Manono, Tanganyika province, in the DRC.
USD 5M staged secured convertible financing facility upon issuance of acceptable Preliminary Economic Assessment.
Financing of 1/3 of the total CAPEX required for the Manono Lithium Tailings Project subject to customary conditions precedent.

Toronto, Ontario - TheNewswire - September 8, 2023 - Tantalex Lithium Resources Corp. (CSE:TTX) (FSE:DW8) (OTC:TTLXF) (“Tantalex” or the “Corporation”), is pleased to announce it has received and executed a term sheet from Glencore International AG (“Glencore”) on September 8th for a marketing offtake agreement for the lithium to be produced from its Manono Lithium Tailings Project.

Tantalex Lithium Agrees to Term Sheet with Glencore for Lithium Marketing and CAPEX Financing (thenewswire.com)