Metalex Ventures Ltd MXTLF

Primary Symbol: V.MTX

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 > Funny Money

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Post by Oregonduckon Oct 02, 2024 2:49pm

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Post# 36250434

Funny Money

MTX just put out its latest F/S for the quarter ended July 31st.
Cash in bank $305k against debts of $2.57 million. The funny part is they valued the Juno shares at $5.7 million vs $4.56 million at prior period. If not for the nebulous valuation of the private investment with no market value, the Co would be in a deficit hole and be delisted. Funny business.

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