Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

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.

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Cantex Mine Development Corp

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Post by pennymaker69on Mar 06, 2024 10:56pm

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Post# 35919609

here news about CD (link to full story) <shorts up>

https://www.northernminer.com/news/pdac-2024-junior-miners-see-short-selling-epidemic/1003864631/

“…Chuck Fipke, who discovered Canada’s first diamond mine Ekati with Stu Blusson, says he’s also noticed unusual trading in his current venture, Cantex Mineral Development (TSXV: CD), and late-day low-ball bids meant to drive down the company’s share price. Cantex’s Rackla North project in the Yukon hosts North America’s highest-grade silver-lead-zinc deposit. The company discovered early last year it also hosts very high grades of critical mineral germanium, used in solar panels, chips, and military applications, and production of which is dominated by China. The stock rose, Fipke says, before “short-sellers knocked it down.” But he admits he can’t prove what he describes as an “epidemic of short-selling” that’s plaguing juniors. “I’m a geologist, hey, my job is I look for mineral deposits,” he said by phone ahead of PDAC, adding it’s up to the regulators to investigate the issue. “I can’t do everything,” he said, adding he manages drilling of every hole at the project, which has seen 60,000 metres of drilling since 2016. “It’s easy to drill, but it’s hard to drill in the right place.”

$CD.V	CANTEX MINE DEVELOPMENT CORP.	105,295	40,471	29 Feb 2024
$CD.V	CANTEX MINE DEVELOPMENT CORP.	64,824	28,139	15 Feb 2024
$CD.V	CANTEX MINE DEVELOPMENT CORP.	36,685	30,821	31 Jan 2024