Tantalex Lithium Resources Corp. - - , is pleased to announce a first tranche closing of a non-brokered private placement for gross proceeds of USD$250,000 . The Corporation has issued 9,765,714 common shares at a price of $0.035 per Common Share of the Corporation. The Common Shares were issued based on an exchange rate of USD$1.00 = CDN$1.372. The Corporation did not pay any finder's fees on a portion of the Private [...]
Tantalex Lithium Resources Corp. is pleased to announce a non-brokered private placement consisting of approximately 117,090,857 common shares at a price of $0.035 per Common Share for gross proceeds of up to USD$3,000,000 . The number of Common Shares to be issued is subject to change depending on the foreign exchange rate of the US currency to Canadian currency to be determined on the closing date. The Corporation may [...]
Tantalex Lithium Resources is pleased to announce that its majority owned JV company, United Cominiere SAS has completed the export of its previously announced first batch of 15 tons of tin concentrates from the company's TiTan plant in the Manono region of DRC. Mr. Eric Allard, CEO commented "This represents a significant milestone as the export process requires a significant amount of administrative procedures. Our team [...]
Tantalex Lithium Resources announces that further to its news release dated March 7, 2024, it has settled an outstanding debt in the amount of USD$1,084,915 with AfriMet Resources AG. The Corporation settled an outstanding debt with AfriMet. The parties entered into a loan agreement on June 30, 2022, whereby AfriMet loaned a principal amount of USD$7,213,006.56, bearing an interest rate of 10% per annum . Pursuant to the [...]
Tantalex Lithium Resources announces that further to its news release dated February 21, 2024, it has settled various outstanding debt in the amount of CDN$5,526,398.40, effective Feb 28. The Corporation owes International Cobalt an amount of CDN$5,324,275.30, which stems from multiple unsecured convertible debentures of principal amounts of USD$2,100,000 and CDN$800,000 entered into between the parties in 2018 and in [...]
Tantalex Lithium Resources intends to settle outstanding debts with various creditors at arm's length. The Corporation will settle its outstanding debt with International Cobalt in the amount of CDN$5,324,275.30 by issuing an aggregate of 106,485,506 common shares in the capital of the Corporation at a price of CDN$0.05 per Common Share as well by issuing 50,000,000 common shares purchase warrants , exercisable into [...]
Tantalex Lithium Resources is pleased to announce that its TiTan tin and tantalum alluvial plant has now produced its first batch of tin and tantalum concentrates ready for export. A first batch of 10 tons of exportable and high grade industrial and fully traceable tin concentrates has now been fully processed in Manono. Additionally, 2.5 tons of tantalum concentrates have also been produced. Mr. Hadley Natus, Chairman [...]
Tantalex Lithium Resources is pleased to announce operational and corporate updates. Manono Lithium Tailings Project The Corporation has appointed Sedgman Novopro of Montreal to conduct the Feasibility Study for the Manono Lithium Tailings Project. The results from the Preliminary Economic Assessment have confirmed a production of 112,000 tpa of SC6 at steady state operation would be achieved using both a DMS and [...]
Tantalex Lithium Resources Corp. is pleased to announce it has concluded a lithium marketing offtake agreement and convertible facilities agreement up to US$5,000,000 with Glencore AG as previously announced on Tantalex's news release of September 8th, 2023. The marketing offtake agreement is for 100% of the lithium to be produced from the company's Manono Lithium Tailings Project from the date of the start of commercial [...]
Tantalex Lithium Resources is pleased to report it has filed its NI 43-101 Preliminary Economic Assessment Report for the Manono Lithium Tailings Project, with an effective date of Oct 6th, 2023. As highlighted on the news release of October 6th, the results of the PEA are compelling, and the Company Board has recommended the Project to proceed to a Feasibility Study. Key PEA Highlights Excellent project economics and [...]
Tantalex Lithium Resources Corp., is pleased to report results from its Preliminary Economic Assessment for its majority owned Manono Lithium Tailings project. The PEA was prepared by Sedgman Novopro of Montreal, Canada with Mineral Resource and Mining contributions from MSA Group in accordance with National instrument 43-101, Standards of Disclosure for Mineral Projects . An NI 43-101 Technical Report will be prepared [...]
Tantalex Lithium Resources Corp. is pleased to announce the closing of its continued non-brokered private placement by way of issuance of 1,818,182 common shares at a price of $0.11 per Common Share for gross proceeds of $200,000.02. The Private Placement is the continuation of its offering that it closed on August 25, 2023 due to investors' interest. No insider will be participating in this Private Placement and no [...]