Bullboard - Stock Discussion Forum AXMIN Inc V.AXM.H

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license... see more

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AXMIN Inc > Passendro Mine Claim

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Post by Dragoon on Sep 30, 2020 2:31pm

Passendro Mine Claim

Today an important article came out which shows the United States sanctioning Russian companies in the Central African Republic. This is important because the possible (never made official) transaction of the Passendro permits to Midas Resources (a Russian company) will be more difficult. Axmin has the arbitration with the CAR government planned about the permits (better chance for Axmin in the Arbitration).This puts Axmin in a stronger negotiating position with regards to getting back both the Passendro mine (permit) and expansion leases. Only Russia and China have worked in CAR for the last several years, making Axmin one of the only true feasible options of getting the gold mine in production. A good chance for investors outside China and Russia.

Link to new article: https://home.treasury.gov/news/press-releases/sm1133

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