@Obe wan
interested in tailings? my guess is CATL via Ruihua via Tantatlex
MINOR = Mines d'Or Resources.
[from Tantalex Resources press release date: July 16, 2018]
Toronto, Canada / Munich, Germany – July 16, 2018 – TANTALEX Resources Corporation (CSE: TTX – FSE: 1T0) (“TANTALEX” or the “Corporation”, is pleased to announce that its 90% owned subsidiary Buckell SAS (“Buckell”
has entered into an assignment agreement (the “Agreement”
to acquire Mines d’Or Resources (“Minor”
65% participation in a joint venture entity to which will be transferred the PER 13698 (Permis Exploitation Rejets) (“PER 13698”
. PER 13698 grants exclusive rights to mine the tailings of the historical Manono-Kitotolo mine for lithium, tin and tantalum. The new entity will be named Société des Tailings de Manono (“STM”
and will be owned 65% by Buckell, 30% by La Congolaise D’Exploitation Minière (“La Cominière”
and 5% by Minor. The closing of the contemplated transaction by Buckell is subject to various conditions and payments, namely, but not limited to, the successful transfer and registration of the PER 13698 in the name of the newly created entity STM with the Democratic Republic of Congo Mining Cadastre (“CAMI”
.
also,
https://translate.google.com/translate?hl=en&sl=fr&u=http://cominiere.cd/jv.pdf&prev=search
It says MINOR is a partner of Minocom who own 70% of PER 13698 (30% Cominiere).
if Tantalex acquires 65% of MINOR share leaving them with 5% then does that mean MINOR=Minocom=Mines d’Or Resources. As you say...
...what a tangled web
----------------------------------------------------------------------------------------------
@stakx
True. However Tantalex is well connected in the region (i.e. JV with La Congolaise D’Exploitation Minière -“La Cominière” and own Limited United Cominiere SAS), so i'd be very surprised if this doesn't turn into more than just an agreement. imho
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