Tantalex Resources Corporation

Tantalex Resources Corporation

June 01, 2015 08:00 ET

Tantalex Delivers First Conflict Free Tantalum Shipment

TORONTO, ONTARIO and FRANKFURT, GERMANY and WINDHOEK, NAMIBIA--(Marketwired - June 1, 2015) - TANTALEX Resources corporation (CSE:TTX)(FRANKFURT:1T0) (the "Company" or "Tantalex"), is pleased to announce that it has completed a first shipment of 600 pounds of unrefined Tantalum Pentoxide (TA2O5) to its customer under the terms and conditions of a long term supply agreement signed by the parties in May 2012. The shipment was delivered to logistics partner NECOTRANS (www.necotrans.com) at their Brazzaville (ROC) warehouse in compliance with the EICC Conflict-Free Smelter Program and transferred to the customer for exportation to it refinery. This shipment is the first delivery of Tantalum ore of importance to be exported from the Republic of Congo and represents an important milestone for the Company.

«This first shipment is the result of ongoing efforts by our Congolese and Canadian teams toward the start of production and the organization of the logistical chain required to be compliant with international customers' requirements» said Dave Gagnon, CEO of TANTALEX. «It is a critical step in testing the logistical chain for the delivery of ore under strict compliance requirements as well as the first step of an operation scale up toward semi-industrial production».

This first delivery represents the official entrance of TANTALEX in the Tantalum Pentoxide market (TA2O5) in the context of a closed-circuit conflict-free vertically integrated Tantalum supply chain in compliance with the requirements of major international electronic manufacturers. The Company is committed to increase its capacity to meet the executed off take agreement terms and conditions of up to 20,000 pounds per months as soon as possible.

About TANTALEX Resources Corporation

TANTALEX is a mining exploration and development company engaged in the acquisition, exploration and development of Tantalum and Niobium properties in Africa. The Company is listed on the Canadian Stock Exchange (symbol: TTX) and the Frankfurt Stock Exchange (symbol: 1T0).

Cautionary Note Regarding Forward-Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although TANTALEX believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, TANTALEX disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

For further information, please contacts Investor relations: IR@TANTALEX.CA

Contact Information

  • TANTALEX Resources corporation
    Dave Gagnon
    Chief Executive Officer
    +1 647-963-7476

    Kyle Appleby
    Chief Financial Officer
    +1 416-417-9176