Fireweed v. CantexA tale of two companies.
In May 2024, Fireweed Metals' (FWZ) former founder & CEO Brandon MaDonald abruptly resigned. FWZ's major JV partners are Lundin Mining and Teck. Lundin has parachuted its management team into FWZ. It recently sold its European zinc mine for $1.4 billion cash to concentrate on copper.
FWZ had already completed NI 43-101 and PEA indicating Capex at $404 million including road costs of $100 million with mine-of-life at 18 years. Their application for a mine access road was withdrawn in 2022 pending the new reource road reg. coming into force. They have signed cooperative agreements in place with First Nations.
As for Chuck's Cantex, a big fat zero. Nothing, other than drilling blind. It is clear at his age, he might never see North Rackla becoming a mine. Btw, Fipke is not as rich as people thought. Many years ago, he was asked on TV at the PDAC in Toronto whether he is a billionaire which he denied. He had given away all his Diamet shares to Marlene Fipke, his ex. He retained 10% royalties and equity interest in Ekati Mine which he later sold for $70 million in 2014. He is still a wealthy man, but not a billionaire.