(TheNewswire)
Toronto, Ontario – TheNewswire - June 7 th , 2023 – Tantalex Lithium Resources Corp.(CSE:TTX ) – ( FSE:DW8 ) – ( OTC:TTLXF) (“ Tantalex ” or the“ Corporation ”), activities in the DRC are in fullspeed as we are nearing completion of the Titan plant construction andfinalizing the Manono Lithium Tailings Preliminary EconomicAssessment.
Eric Allard, CEO of the Company, commented; “Theseare exciting times for Tantalex Lithium as we are executing ourstrategy to become an operating mining company in the DRC. After aharsh rainy season which delayed the construction efforts, the TiTanplant will now be commissioned in the next few weeks. It’s a greataccomplishment by the entire team working relentlessly on theground.’’
“We are also progressing well with our additionalobjective of becoming the first lithium producer in the DRC as our PEAfor the Manono Lithium Tailings project is in its final stages ofpreparation. We look forward to the results of the PEA which willguide our efforts towards the next phase of development of theFeasibility Study (FS). As we prepare for this next big milestone, weare currently in advanced discussions with strategic parties to ensurethe financing of the development activities for both the ManonoLithium Tailings Feasibility Study and Pegmatite Corridor planneddrilling campaign.”
The Company is pleased to announce Mr. Allard will bemaking a presentation at DRC Mining Week held in Lubumbashi from June14-16 th on Tantalex’s vision and journey to transitioning from anexploration to a producing company in the DRC. The DRC Mining Weekis the biggest mining event held in the DRC and assembles all themajor companies and government entities working at progressing themining sector in the DRC. The country has taken a leading roleregarding the development of the battery metal industry inAfrica.
TiTan Plant Construction
The team is progressing with multiple activities on andaround the TiTan mine, with the goal of becoming the most modern tinand tantalum alluvial processing plant in the DRC. The constructionactivities are approximately 80% complete with activities focusedmainly on electrical connection of the various modules, building ofoffices and TSF excavations.
Figure 1 &2: TiTan plant inconstruction
This week the Company is receiving at the project sitean important delegation of stakeholders who have come to witness theprogress of the construction and mutually coordinate the variouseconomic and social benefits to be derived from the production of theTiTan Plant. The delegation was composed of representatives fromCominiere SA, the National Mining cadastre (CAMI), Province ofHaut-Lomami, Province of Tanganyika, Territorial Administration andVillage Chiefs.
Pegmatite Corridor Exploration
Detailed mapping activities are continuing throughoutour concessions 12448 and 12447 which encompass a total area of800km². Our geological team is making great progress in addingadditional prospective drilling targets and identifying outcroppingpegmatites throughout the concessions. The drilling of the firstprincipal targets on the Corridor is planned once the financing hasbeen completed. A total of 20,000m is planned over the next 9months.
Corporate Update
The Company would like to announce that Mr. KlausEckhof has submitted his resignation as a Non-Executive Director, andin light of this, we would also like to express our gratitude for hisvaluable contribution to our activities. The Company will not bereplacing Mr. Eckhof immediately as a board member.
About Tantalex Lithium ResourcesCorporation
Tantalex Lithium is an exploration and developmentstage mining company engaged in the acquisition, exploration,development and distribution of lithium, tin, tantalum and otherhigh-tech mineral properties in Africa.
It is currently focused on developing its lithiumassets in the prolific Manono area in the Democratic Republic ofCongo; The Manono Lithium Tailings Project and the Pegmatite CorridorExploration Program.
Cautionary Note Regarding ForwardLooking Statements
This presentation includes certainstatements that may be deemed forward looking statements. Allstatements in this document, other than statements of historicalfacts, which address future production, reserve potential, explorationactivities and events or developments that the Company expects, areforward looking statements. Such forward-looking statements include,without limitation: (i) estimates of future lithium, tin and tantalumprices, supply, demand and/or production; (ii) estimates of futurecash costs and revenues; (iii) estimates of future capitalexpenditures; (iv) estimates regarding timing of future development,construction, production or closure activities; (v) statementsregarding future exploration results; (vi) statements regarding coststructure, project economics, or competitive position, and; (vii)statements comparing the Company’s properties to other mines,projects or metals. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inthe forward-looking statements. Factors that could cause actualresults to differ materially from those in forward looking statementsinclude market prices, exploitation and exploration successes, continuedavailability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statementsare not guarantees of future performance, that the Company expresslydisclaims any responsibility for revising or expanding the forward-looking statements to reflect actual results or developments, and thatactual results or developments may differ materially from thoseprojected, in the forward-looking statements, except as required bylaw.
For more information, please contact:
Eric Allard
President & CEO
Email: ea@tantalex.ca
Website: www.tantalexlithium.com
Tel: 1-581-996-3007
Copyright (c) 2023 TheNewswire - All rights reserved.