Bullboard - Stock Discussion Forum 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... see more

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Tantalex Lithium Resources Corporation > p.s. they had a section that referred to "Inventory" from

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Post by KozmoT on Jul 30, 2024 12:15pm

p.s. they had a section that referred to "Inventory" from

Titan plant as of Feb 2024, after how many months of opertion? 2? 3? 6? But here's the thing - they list the inventory as being only $349K Sn Finished Goods and $98K Ta as "Raw Material" ?!?! Seriously?! Why wasn't the Ta reported as "finished goods" They quite clearly stated they had both Sn and Ta ready to export back in January. Yet another "Oops" moment for this crew?

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Comment by ErinBrockovich on Jul 30, 2024 12:37pm

This might be the reason for the cease trade? TTX has been telling people they have been producing and selling tin and tantalum. Clearly, they have produced only a small amount of tanat, but did not sell it. I think they couldn't proved it was clean. The tin they sold is traceable and generated a small amount of revenue.

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Comment by KozmoT on Jul 30, 2024 1:13pm

Such misinformation would seem to be a valid reason but I believe they said the reason for the CTO was that they hadn't been able to file their financials on time. If that is the case then they should be up and trading any hour or day now given they finally managed that one administrative task. Given what the statements disclosed however ... they might soon wish they were still ...more

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