CATL probably was hoping nearology would work, so they invested in Tantalex, now Tantalex acquired tailings (85-100Mt) in Manono project. I don't think tailings would be economically viable to produce spodumene. 4CE was pumped for nearology as well.
I'm waiting for someone to make a meaningful move, not waste money and time, trying to secure lithium supply at a minimal cost.
Ruihua/Ruiyou is controlled by the chairman of CATL's board.
TORONTO and MUNICH, Germany, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Tantalex Resources Corporation (CSE:TTX) (FSE:1T0) (“Tantalex” or the “Corporation”, is pleased to announce that it has completed a non-brokered private placement financing (the “Offering” for gross proceeds of $2,500,000 through the issuance of 25,000,000 units (“Units” at $0.10 per Unit, as more fully described below, with Ruihua Investment (Hong Kong) Company Limited.
The gross proceeds from the Offering will be used by the Corporation for general working capital purposes, and more particularly for the financing of its ongoing development of the Buckell Lithium Property, located in the Manono-Kitotolo region of the DRC.
AVZ attracts many haters, it's a stock market, if were not comfortable to hold a stock, no one forced to buy/sell. I'm in this one for a punt, and prepared to lose.
All imo. GLTA.
AVZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held