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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Post by pennymaker69on Dec 04, 2023 11:41pm
208 Views
Post# 35768305

So even if there Peace in Yemmin they dont' know owership.

So even if there Peace in Yemmin they dont' know owership.
In February 2014, Piedmont exercised an option to commence the earn-in to the Project after which they may
earn an initial 40% interest in the project by expending US$5,000,000 within two years. As of May 2014,
Piedmont issued notice that it felt it had reached its 40% interest; the Company does not agree with this
statement. In October, 2014, Piedmont gave additional notice that they would no longer be funding the project.
Allocation of ownership of the project has not yet been finalized. In May 2021, the Company received notice
from Piedmont that it had assigned its interest in Al Hariqah to Lantern Resources Pty Ltd (“Lantern”), an affiliate
and subsidiary of Piedmont. In October 2022, the Company received notice that Lantern was selling its interest
in Al Hariqah to a third party; negotiations to determine and settle the percentages of ownership for the project
have not been completed to date
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