Name: Auxico signs lucrative offtake deal as it progresses its Massangana Tin Tailings project in Brazil
Uploaded: 2022-09-01T12:29:05.437502+00:00
Duration: 587 s
Channel: Adrian Hargrave

Adrian Hargrave

Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) President Mark Billings takes Proactive's Stephen Gunnion through the critical metals and rare earth elements company's operations in Colombia, Brazil, and the Democratic Republic of Congo.

Billings noting that the company recently signed an offtake agreement with Cuex Metal AG, the Swiss subsidiary of the Chinese bulk commodity trading company Shangai Qunxian Industrial Company, for the purchase of commercial tin concentrates (cassiterite) from its Massangana Tin Tailings project in the state of Rondônia, in Brazil.

The agreement represents a purchase of 3,600 tonnes of tin concentrate per year, over a five-year period, for a total of 18,000 tonnes of commercial tin concentrates, Billings said.

Auxico Resources Canada Inc (CSE:AUAG, OTC:AUXIF) President Mark Billings takes Proactive's Stephen Gunnion through the critical metals and rare earth elements company's operations in Colombia, Brazil, and the Democratic Republic of Congo.Billings noting that the company recently signed an offtake agreement with Cuex Metal AG, the Swiss subsidiary of the Chinese bulk commodity trading company Shangai Qunxian Industrial Company, for the purchase of commercial tin concentrates (cassiterite) from its Massangana Tin Tailings project in the state of Rondônia, in Brazil.The agreement represents a purchase of 3,600 tonnes of tin concentrate per year, over a five-year period, for a total of 18,000 tonnes of commercial tin concentrates, Billings said.

Intro to Auxico - Project in Colombia

Intro to Auxico - Tin Tailings in Brzail

Offtake agreement for tailings

Intro to Auxico - rare earth in Congo

Auxico aims to be a leader in rare earths

Auxico's tech edge - patented ultrasound

Auxico - exciting future prospects

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/004/567/004567/video_rLVyfr8.mp4

Auxico is a Canadian company with various properties in 3 jurisdictions in the critical minerals space;  the first is in Colombia for rare earth and various other metals, including gold, platinum, tantalum and niobium.

Auxico has a tin tailings project in Brazil as a JV with CEMAL, a local co-operative. From the tin tailings, Auxico will be able to deliver concentrates for tin, tantalum, rare earths and zirconium

Auxico has recently signed an offtake agreement with Cuex Metal AG, the Swiss subsidiary of the Chinese bulk commodity trading company Shanhgai Qunxian Industrial Company to buy 18,000 tonnes of tin concentrate

Auxico has a sister company Central American Nickel, active in the Congo and has the right to act as exclusive sales agent for rare earth concentrates

Auxico has a unique position with three projects and significantly increasing demand for rare earths sourced outside of China

Auxico uses ultrasound extraction to puverize stone and liberate minerals more quickly. The company has patents for this technology and tested it on rare earths, including radioactive thorium

Auxico has secured significant real estate on Colombia and Brazil with a unique processing technology. This is combined with sales from the Congo, demonstrating market demand. With offtake agreements and samples in the lab, Auxico has ambitious plans.