AUXICO RESOURCES CANADA INC
WKN: A2H6MQ | ISIN: CA05334L1094 | CSE: AUAG
Auxico Resources, CSE: AUAG; Canadian direct shipping ore and technology-driven mining firm positioned to become a major supplier of critical minerals and rare earth elements to global economies. Auxico has diversified projects, minerals and regional operations with limited market exposure, across the Democratic Republic of Congo (DRC), Colombia and Brazil. Auxico, in joint venture with Central America Nickel, are the first North American mining companies to export monazite rare earths from the DRC, which represents sustainable revenue for the firm and 720 cumulative tonnes of rare earth trades. The Company will be in a position near term to produce 300 tpm from their Colombian Minastyc property (mining permit issued by the ANM) pending the approval of the environmental assessment; a property that hosts tin, rare earths, gold, platinum metals and other critical minerals. Auxico has a proprietary internal process for the removal of thorium and has licensed an environmentally-friendly ultrasound technology for the processing of critical minerals and rare earth elements. The Company also announced the finalization of their agreement with CEMAL for the development of the Massangana Tin Tailings Project (Rondonia, Brazil) with an estimated 30,000,000 tonnes of tailings (evaluated by German and Brazil government studies). Auxico has developed a production plan for 750,000 tpy of tin tailings to generate tin, ilmenite, zircon, columbite and rare earth elements from the Massangana Project. Auxico has executed bankable offtake agreements for tin concentrates and tantalum.
