Tantalex Resources ( (TSE:TTX) ) has issued an update.
Tantalex Lithium Resources Corp. announced a non-brokered private placement of up to USD$1.5 million to fund project expenditures for the optimization of its TiTan tin and tantalum plant and for general working capital. Additionally, the company has undergone significant management changes, with the departure of CEO Eric Allard and the appointment of Richard Creitzman as interim CEO. The company also welcomed André Holtzhausen to the Board of Directors, who will oversee production and optimization efforts at the TiTan plant, highlighting a strategic focus on enhancing operational efficiency.
More about Tantalex Resources
Tantalex Lithium Resources Corporation is an exploration and development stage mining company focused on the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high-tech mineral properties in Africa. The company is currently concentrating on its TiTan tin and tantalum concentrate plant and developing lithium assets in the Manono area of the Democratic Republic of Congo.
Average Trading Volume: 123,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$17.58M
For a thorough assessment of TTX stock, go to TipRanks’ Stock Analysis page.