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.

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Tantalex Lithium Resources Corporation

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Post by EricSnotton Sep 11, 2023 7:14pm

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Post# 35630420

Dudzmot, you must be an ID TEN T!!!!!

GLENCORE HAS DONE THEIR DD ON c.TTX and after doing their DD, they decided to give TTX...$5 million!!!
Terms are as follows:

The term sheet includes the following key commercial terms:

Secured convertible financing facility in three tranches;

First tranche $2-million (U.S.) upon execution of the marketing offtake agreement (MOA);

Second tranche $3-million (U.S.) upon Glencore's satisfactory review of the PEA (preliminary economic assessment);

Third tranche financing of one-third of the total capital expenditure required for the Manono lithium tailings project subject to conditions precedent;