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Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) said its sampling program at the Minastyc property in Colombia has revealed significant concentrations of rare earth elements and other critical minerals. Minastyc, under complete control of Auxico, represents a critical mineral-rich project earmarked for a near-term small-scale production program.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) reported significant findings from its 2023 exploration and sampling program on the Minastyc property in Puerto Carreño, Vichada, Colombia. The company's 2023 sampling campaign covered a Phase 1 area and the western part of the property.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) announced Wednesday that one of the holders of its convertible debentures Central America Nickel (CAN) has converted its debentures for total consideration of $1,175,000. Montreal-based private firm CAN is focused on sourcing and processing critical minerals and energy metals using its patented and patent-pending technologies.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) announced that its Minastyc project in Colombia has received a Mining Registration Certificate from the National Mining Agency related to the property title that secures the company's right to explore the property until 2040. Further, the company said it has executed an Exclusive Operating Agreement and Security Interest Contract for Future Production with the mining title holder which gives it the right to commence production during the mining title transfer period.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) CEO Pierre Gauthier is understandably excited about the company's acquisition of 85% of two new assets in Bolivia: the El Benton Mine and adjacent Monte Verde concessions. The strategic move positions Auxico to tap into a wealth of critical minerals, including tantalum, lithium, and rare earths.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) announced that it has executed a Memorandum of Understanding (MOU) to acquire an 85% equity interest in Empresa Minera El Benton SRL, a company that holds the mining title and rights to the El Benton Mine and adjacent Monte Verde concessions in Bolivia. The mineral properties explorer/developer said the El Benton Mine is a past-producing operation with all the necessary licenses, which previously exported tantalum and niobium concentrates.
Auxico Resources Canada Inc (CSE:AUAG, OTCQB:AUXIF) said its joint venture partner Central America Nickel (CAN) has acquired 7 million shares and 3 million warrants with a strike price of C$0.15 for three years in the capital of Auxico. A long-term investor, CAN has acquired these shares due to the strategic importance and substantial quality of rare earth and other critical minerals at Auxico's highly-prospective Colombian and Brazilian projects, Auxico said in a statement.
The Canadian Securities Exchange (CSE) unveiled performance statistics for May 2023, which included listings from seven new companies, including one fundamental change of an existing issuer. The total trading volume of CSE-listed securities was 1.25 billion shares and total trading value was $433 million.
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