(via TheNewswire)
The Corporation has appointed Sedgman Novopro of
TiTan Tin and Tantalum Concentrate Plant
The commissioning of the TiTan plant remains ongoing. In the first few weeks of the commissioning, an important bottleneck was identified with the trommel at the front end of the plant as the trommel did not allow proper wash and ore throughput to the rest of the plant. Modifications were made to the trommel and the wash system which have improved the performance but the ore throughput remains too low. A replacement trommel has been ordered from
The plant is currently producing concentrate at a reduced rate on a single shift, and it is expected that first export of 20T of Sn concentrate and 5T of Ta concentrate will be made in early 2024. Full nameplate capacity of 130tph fresh feed over 2 shifts with the new trommel is planned for
Management Changes
The Corporation would like to announce the nomination of
The Corporation would also like to announce that Mr.
Director Resignation
Mr.
Glencore Agreement
The Corporation would like to announce that further to the completion of the Convertible Facility Agreement with Glencore, the Corporation has received
AfriMet Loan
The Corporation has entered into a loan agreement with
Amendment to Bridge Loan Agreement
On
About
Tantalex Lithium is an exploration and development stage mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in
It is currently focused on developing its lithium assets in the prolific Manono area in the
Cautionary Note Regarding Forward Looking Statements
This presentation includes certain statements that may be deemed forward looking statements. All statements in this document, other than statements of historical facts, which address future production, reserve potential, exploration activities and events or developments that the Company expects, are forward looking statements. Such forward-looking statements include, without limitation: (i) estimates of future lithium, tin and tantalum prices, supply, demand and/or production; (ii) estimates of future cash costs and revenues; (iii) estimates of future capital expenditures; (iv) estimates regarding timing of future development, construction, production or closure activities; (v) statements regarding future exploration results; (vi) statements regarding cost structure, project economics, or competitive position, and; (vii) statements comparing the Company’s properties to other mines, projects or metals. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward- looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any suchstatements are not guarantees of future performance, that the Company expressly disclaims any responsibility for revising or expanding the forward- looking statements to reflect actual results or developments, and that actual results or developments may differ materially from those projected, in the forward-looking statements, except as required by law.
For more information, please contact:
President & CEO Email: ea@tantalex.ca
Website: www.tantalexlithium.comTel: 1-581-996-3007
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