Auxico Resources signs JV Agreement for processing of tantalum and other ores
2021-05-26 13:58:09 [Print]
Auxico Resources Canada Inc. announced that it has signed a joint venture ("JV") agreement with Impact Global Solutions Inc. ("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. 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%.
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. 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%.
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Unit:USD/lb Ta2O5
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