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  • Auxico Resources signs JV Agreement for processing of tantalum and other ores

    2021-05-26 13:58:09   [Print]
    Auxico Resources Canada Inc.Asian Metal Copyright .Asian Metal Copyright announced that it has signed a joint venture ("JV") agreement with Impact Global Solutions Inc.Asian Metal Copyright "IGS" for the processing of tantalum ores that may also contain niobium, iridium and other minerals.Asian Metal Copyright ("IGS") for the processing of tantalum ores that may also contain niobium, iridium and other minerals.

    Under the terms of the agreement, Auxico will provide ores to IGS and bear all of the transportation costs for delivery to the IGS facility located in Delson, Quebec, just south of Montreal. Auxico will also provide the working capital necessary to launch this joint venture, including the financing of equipment and infrastructure, all of which will be located at the Delson facility.Asian Metal Copyright In return, IGS will provide the location for the JV operations in Delson, as well as the metallurgical and processing expertise.Asian Metal Copyright In return, IGS will provide the location for the JV operations in Delson, as well as the metallurgical and processing expertise.

    As per the Agreement, Auxico will retain 80% of the net profits of the JV, and IGS will retain the remaining 20%.
    .Asian Metal Copyright Auxico will also provide the working capital necessary to launch this joint venture, including the financing of equipment and infrastructure, all of which will be located at the Delson facilityAsian Metal Copyright
    Tantalum Conc. Ta2O5 30%min CIF China
    Unit:USD/lb Ta2O5
    Tantalum Conc. Ta2O5 30%min CIF China USD/lb Ta2O5
    China tantalum carbide producers' inventory to production ratio statistics by province by month
    Unit: %
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