Jun 2 2015
TANTALEX Resources corporation (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).
Source: http://tantalex.ca/