Metalex Ventures
Metalex Ventures Limited is a Canadian public company listed on the TSX Venture Exchange (“MTX”).
COMPANY OVERVIEW
The Company’s principal business activity is the acquisition, exploration and development of mineral properties and it has a skilled management team with an established track record in this area. The long-term growth strategy is to generate substantial capital growth by developing kimberlite-hosted diamond deposits and hard rock metal deposits.
The Company’s principal projects in Canada are in Quebec and northern Ontario (U2). Its overseas projects are located in South Africa, Morocco and Mali.
LATEST NEWS
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KELOWNA, BC, Jan. 18, 2021 /CNW/ – Further to news releases on December 11 and 17, 2020, Metalex Ventures Ltd. (TSXV: MTX) (the “Company”) is pleased to announce the closing of the final tranche of its private placement (the “Placement”), resulting in gross proceeds of $1,219,560. This tranche of the Placement (the “Final Tranche”) consisted of the issuance of 1,188,235 flow through shares (the “Shares”) and 15,979,427 non flow through units (the “Units”). The Shares were sold at a price of $0.085 per Share and the Units were sold at a price of $0.07 per Unit; each Unit is comprised of one common share and one-half warrant (each whole warrant a “Warrant”) entitles the holder to acquire a further common share of the Company at a price of $0.10 for a term of two years…..
METALEX’S DIVERSIFIED RESOURCE PORTFOLIO
Metalex Ventures has a quality resource base within its five projects, all located in quality mining jurisdictions.
QUEBEC
Comprised of 2 joint ventures, Metalex has a 75% contributing interest.
KYLE LAKE
Located in northern Ontario, the Company has discovered several diamondiferous kimberlites.
MOROCCO
Joint venture between Metalex and ONHYM, Metalex has a 60% contributing interest.
SOUTH AFRICA
This region has long been a prominent producer of diamonds.