Proactiveinvestors Australia Maxtech Ventures Inc https://www.proactiveinvestors.com.au Proactiveinvestors Australia Maxtech Ventures Inc RSS feed en Tue, 25 Jun 2019 05:38:15 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Maxtech Ventures making headway in Zambia as its large scale exploration licences are validated by mining minister ]]> https://www.proactiveinvestors.com.au/companies/news/202129/maxtech-ventures-making-headway-in-zambia-as-its-large-scale-exploration-licences-are-validated-by-mining-minister-202129.html Maxtech Ventures Inc (CSE:MVT, OTC:MTEHF) is making headway in Zambia, saying its two large-scale exploration licences filed in the African country have been validated by the relevant government department.

The first large-scale exploration license is for an area of interest claim in the Mukambala area within the Mkushi District of the Central Province.

The second is for a large-scale exploration license is in the Kabamba area within the Masaiti & Mkushi Districts of the Copperbelt and Central Provinces, the company added.

READ: Maxtech Ventures casts its eye on Zambia in quest to uncover manganese: a critical, irreplaceable and totally ignored mineral

As reported in May, the firm believes two specific license areas have shown the potential for high-grade manganese mineralization with grades up to 70% Mn (manganese) as well as vanadium from initial research prepared by the firm's Zambian-based geology team, GeoQuest.

The exploration licenses submitted to the Minister of Mines have detailed exploration and production outlines up to four years covering cobalt, vanadium, nickel and copper mining rights on the areas.

GeoQuest, based in Lusaka, will begin the preparation of an EPB (Environmental Project Brief).

It will begin sampling the properties for manganese and vanadium mineralisation, the current status of formal mining activities in the area, the extent-status of any artisanal mining and if necessary, further secure the areas for the firm.

]]>
Thu, 02 Aug 2018 11:06:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202129/maxtech-ventures-making-headway-in-zambia-as-its-large-scale-exploration-licences-are-validated-by-mining-minister-202129.html
<![CDATA[News - Maxtech Ventures unveils latest move into vanadium space with GeoXplor Corp tie-up ]]> https://www.proactiveinvestors.com.au/companies/news/201572/maxtech-ventures-unveils-latest-move-into-vanadium-space-with-geoxplor-corp-tie-up-201572.html Maxtech Ventures Inc's (CSE:MVT) vanadium activity has taken another pace  - as the group  announced a new tie-up with - a top tier mining consult.

The new strategic alliance is focused on identifying North American vanadium claims for a new Maxtech subsidiary.

"We are delighted to be associated with "Maxtech" in its pursuit of high quality USA domestic Vanadium properties in this undeniable present, and future, strategic commodity," said Clive Ashworth, the chief executive at GeoXplor Corp.

READ: Maxtech Ventures set to acquire two vanadium mineral claims in Brazil

Peter Wilson, chief executive at Maxtech Ventures, said: "The new vanadium subsidiary of Maxtech will operate independently of the company's manganese projects.

"GeoXplor has a stellar reputation in energy metals and we hope that this endeavor will create a successful subsidiary for the Company and create the leading junior vanadium explorer in the continental U.S.A."

GeoXplor was key to developing the lithium brines in the famous Clayton Valley region and were the operators of the Pure Energy Minerals' Clayton Valley South project.

READ THE BIG PIC: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

Two days ago, Maxtech updated on activity in Brazil, saying it had filed paper work for the acquisition of two vanadium mineral claims in the state of Bahia.

The resource group also said it had established a vanadium exploration research team.

The claims referred to lie next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

]]>
Wed, 25 Jul 2018 10:09:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201572/maxtech-ventures-unveils-latest-move-into-vanadium-space-with-geoxplor-corp-tie-up-201572.html
<![CDATA[News - Maxtech Ventures set to acquire two vanadium mineral claims in Brazil ]]> https://www.proactiveinvestors.com.au/companies/news/201340/maxtech-ventures-set-to-acquire-two-vanadium-mineral-claims-in-brazil-201340.html Maxtech Ventures Inc (CSE:MVT) updated on activity in Brazil Monday, saying it had filed paper work for the acquisition of two vanadium mineral claims in the state of Bahia.

The resource group also said it had established a vanadium exploration research team.

The claims referred to above are next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

Largo aims to produce vanadium flake, high-purity vanadium flake and high-purity vanadium powder.

The two claims were submitted to the relevant government department in Brazil on July 20 this year.

Together, they encompass 3,500 hectares and lie in the eastern Bahia state of Brazil, which is around 250km southwest of Salvador and 813 km northeast of the capital of Brazil in Brasilia near the city of Maracas.

Maxtech also said in today's release it was forming a vanadium exploration research team to work on identifying further potential vanadium mineralization deposits in other Brazilian areas of interest where the company has established high-grade manganese assets.

Maxtech is currently  finalizing a due diligence review program and will be organizing its local geological team to conduct a research report on the claims once approval of its filings is granted.

"The new generation of batteries being manufactured are establishing manganese and vanadium as the strategic tech minerals of the future," said Peter Wilson, the chief executive at Maxtech.

"The vanadium mineralization observed and successfully mined in the area by Largo Resources and our current operations in Brazil made Bahia a logical step for Maxtech.

"We look forward to acquiring additional claims with potential vanadium mineralization in other jurisdictions as well."

]]>
Mon, 23 Jul 2018 08:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201340/maxtech-ventures-set-to-acquire-two-vanadium-mineral-claims-in-brazil-201340.html
<![CDATA[News - Maxtech Ventures hires Peak as strategic advisor ]]> https://www.proactiveinvestors.com.au/companies/news/200592/maxtech-ventures-hires-peak-as-strategic-advisor-200592.html Maxtech Ventures Inc (CSE:MVT) has hired Australian-boutique Peak Asset Management as its strategic adviser to identify growth opportunities for high-grade manganese and vanadium.

Peak and its team have a long track record of backing corporate deals and their  investment experience spans over 50 years, with prominent positions at firms such as Macquarie Bank, Bell Potter Securities and Goldman Sachs.

"Peak is extremely excited to be working alongside Maxtech and its team, driving additional value for the company," said Peak founder Niv Dagan.

"We are impressed with the company's underlying assets in Brazil and Zambia and see a significant opportunity to leverage off our strong presence in Australia and Asia to attract strong strategic interest."

Peak has been appointed for an initial term of six months.

In return, it will be entitled to 300,000 options to acquire shares in Maxtech at an exercise price of C$0.30 and a further 300,000 options exercisable at C$0.50 and an 8% capital raising fee on any capital raised.

 

]]>
Wed, 11 Jul 2018 09:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200592/maxtech-ventures-hires-peak-as-strategic-advisor-200592.html
<![CDATA[News - Maxtech Ventures casts its eye on Zambia in quest to uncover manganese: a critical, irreplaceable and totally ignored mineral ]]> https://www.proactiveinvestors.com.au/companies/news/198739/maxtech-ventures-casts-its-eye-on-zambia-in-quest-to-uncover-manganese-a-critical-irreplaceable-and-totally-ignored-mineral-198739.html Maxtech Ventures Inc (CSE:MVT) announced today that it is expanding its footprint with a proposed new venture in Zambia, alongside Maxtech Mining Zambia Ltd (MMZL).

What are they looking for? It’s a little talked about, absolutely essential ingredient in steel and also widely used as a battery component: manganese.

Manganese has been deemed a “critical mineral” by the United States Geological Survey, in light of the fact that not only is the US dependent on manganese, most of the world’s manganese is produced by very few countries.

READ: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

In short, it’s essential to the economy.

“Manganese is an irreplaceable element used in steel production but the critical upside will come from clean-renewable energy applications such as electricity grid storage and the battery industry where it is used to produce batteries for electric vehicles,” said Maxtech Ventures’ chief executive Peter Wilson.

MMZL has put forth applications for large scale exploration licenses in two areas – for now. The first area of interest submitted is a 63 sq/km claim in the Mukambala area within the Mkushi District of the Central Province.

The second? A 73 sq/km claim within the Masaiti & Mkushi Districts of the Copperbelt and Central Provinces.

“MMZL exploration licenses submissions are just the start of our African activities. We are presently researching opportunities in Namibia, and Zimbabwe to add to our expansion plans this quarter,” said Wilson.

The company said the exploration licenses submitted cover (in addition to manganese) mining rights to iron, cobalt, vanadium, nickel, copper, zinc, lead, gold and chromium on the areas.

Working with local consultants

Wilson said once approvals have been granted for the large scale exploration licenses, MMZL, will continue to utilize the services of Lusaka based geological/exploration consultants GeoQuest Limited.

The company will conduct exploration work that will focus on the search for, and evaluation of, commercially viable quantities and grades of manganese ore.

“In Zambia we are negotiating with joint venture opportunities who do not have the same off-take and strategic relationships we already have,” said Wilson. “It is an easy location from which to ship both to India and China, which have a strong growing demand for the metal.”

Wilson said the company will file for new mining licenses if initial results are strong. The estimated budget of the project (years 1-4) is between US$1mln and $3mln, depending on results and speed of work.

For now, Wilson is poised to capitalize on the ignored mineral: one could say he’s looking left when everyone seems to be looking right.

Maxtech shares were unchanged at C$0.30 each.

]]>
Wed, 13 Jun 2018 07:52:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198739/maxtech-ventures-casts-its-eye-on-zambia-in-quest-to-uncover-manganese-a-critical-irreplaceable-and-totally-ignored-mineral-198739.html
<![CDATA[News - Maxtech Ventures "very close" to green light to start mining at Mato Grosso ]]> https://www.proactiveinvestors.com.au/companies/news/197125/maxtech-ventures-very-close-to-green-light-to-start-mining-at-mato-grosso-197125.html Manganese-focused Maxtech Ventures Inc (CSE:MVT) is "very close" to  obtaining final approval to start initial mining at its flagship properties in Mato Grosso, Brazil.

In an operational update,  Maxtech said it had received the final Juina claims geological review earlier this year, which is the key element to the Guia (or trial mining) process of the relevant Brazilian authorities.

"We are pleased to share these operational updates for our flagship properties in Brazil," said Peter Wilson, chief executive at Maxtech Ventures.

"We are very close to obtaining final approval to commence initial mining operations in Mato Grosso, where we currently have four claims totaling 40,000 hectares.

"These claims contain numerous manganese occurrences, discovered through reconnaissance prospecting, and we are progressing well within the timeframe we have set to ramp up a full mining plan."

As previously noted, at the Brasnorte project, mean levels obtained on the claim were over 50% manganese metal.

In cooperation with the University of Brasilia and the Instituto de Geosciencias, Maxtech has engaged students, professors and accompanying geologists to begin work immediately on the firm's additional claims in order to begin fast-tracking additional applications for trial mining licenses (Guia) for the Brasnorte project, Maxtech said in the regulatory filing.

It's been a  busy period for the firm. Earlier this month, it said it had filed for two large-scale exploration licences in Zambia, where there was the potential for high grade manganese.

The licences have detailed exploration and production outlines for up to four years, covering cobalt, vanadium, nickel and copper mining rights.

]]>
Wed, 16 May 2018 10:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197125/maxtech-ventures-very-close-to-green-light-to-start-mining-at-mato-grosso-197125.html
<![CDATA[News - Maxtech Ventures eyeing high grade manganese as it files for exploration licences in Zambia ]]> https://www.proactiveinvestors.com.au/companies/news/196569/maxtech-ventures-eyeing-high-grade-manganese-as-it-files-for-exploration-licences-in-zambia-196569.html Maxtech Ventures Inc (CSE:MVT) told investors it has filed for two large-scale exploration licences in Zambia, where there is the potential for high grade manganese.

The licences have detailed exploration and production outlines for up to four years, covering cobalt, vanadium, nickel and copper mining rights.

READ: Maxtech Ventures bolsters Brazilian manganese aims with new joint venture for Goias state

"Zambia is a world class mining jurisdiction," Peter Wilson, chief executive of Maxtech, said.

"Applying for our first wholly owned license areas is in step with creating a larger manganese footprint utilising our global strategic relationships and potential offtake partners in foreign markets."

The two areas have already demonstrated the potential for high-grade manganese mineralisation with grades up to 70% as well as for vanadium from initial research by Maxtech's Zambian-based geology team, GeoQuest.

Geoquest will manage all the firm's operations on the ground in Zambia.

Work will initially focus on searching for commercially viable quantities and grades of manganese ore with a view to applying for mining licenses as quickly as possible.

Subsidiary Maxtech Zambia lies in Lusaka and registered as an exploration and quarrying company and has begun operations.

Last month, the manganese focused group revealed that its aims in Brazil had been bolstered after it inked a joint venture with Fabio Cardoso Carneiro and Daniel Geyerhahn of Goldmen Resources Brazil (FCD) in the state of Goias.

READ THE BIG PIC - Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

It means Maxtech will be able to access projects currently controlled by FCD and or currently under negotiation. It is currently evaluating several new FCD claims.

The state is reportedly due to receive foreign investments of US$730mln during 2017-2018 in mining projects.

The total figure, about US$450mln, will be invested by giants like AngloGold Ashanti (JSE:ANG), Anglo American (LON:AAL), Codelco, China Molybdenum Corp (CMOC), Vale and Yamana.

Goias is home to large mineral developments such as Anglo American's Barro Alto and Codemin ferronickel operations, Yamana's Chapada gold mine, and Vale's Catalao fertilizer complex, among others.

Maxtech shares ticked up in Toronto 1.28% to C$0.40.

]]>
Tue, 08 May 2018 09:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196569/maxtech-ventures-eyeing-high-grade-manganese-as-it-files-for-exploration-licences-in-zambia-196569.html
<![CDATA[News - Maxtech Ventures bolsters Brazilian manganese aims with new joint venture for Goias state ]]> https://www.proactiveinvestors.com.au/companies/news/194760/maxtech-ventures-bolsters-brazilian-manganese-aims-with-new-joint-venture-for-goias-state-194760.html Maxtech Ventures Inc's (CNSX:MVT) manganese aims in Brazil have been bolstered after it inked a joint venture with Fabio Cardoso Carneiro and Daniel Geyerhahn of Goldmen Resources Brazil (FCD) in the state of Goias.

It means Maxtech will be able to access projects currently controlled by FCD and or currently under negotiation. It is currently evaluating several new FCD claims.

READ: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

The state is reportedly due to receive foreign investments of US$730mln during 2017-2018 in mining projects.

The total figure, about US$450mln, will be invested by giants like AngloGold Ashanti (JSE:ANG), Anglo American (LON:AAL), Codelco, China Molybdenum Corp (CMOC), Vale and Yamana.

Goias is home to large mineral developments such as Anglo American's Barro Alto and Codemin ferronickel operations, Yamana's Chapada gold mine, and Vale's Catalao fertilizer complex, among others.

"Maxtech and Maringa Ferro visited FCD in Goias last September, joining forces with FCD, [and] exploring for manganese together seemed like a natural transition," said Peter Wilson, chief executive at Maxtech.

"Building an accomplished team in Brazil especially in the strong mining jurisdiction of the state of Goias increases the potential to find larger manganese resources throughout Brazil and is pivotal to growing our pure play manganese exploration status."

Brazil joint-venture

Last month, Maxtech revealed it may form a  joint venture to explore 40,000 hectares in the state of Para, Brazil.

The potential partner is Andorra Participacoes and the firm is already organising a site visit with Andorra and MLB Mining Brazil, Maxtech's in-country manager.

The areas of interest lie in the Teles Pires River basin in the southwest portion of the state and the claims have geological structures in three main directions, the firm said.

The LOI (letter of intent) is effective for 120 days, closing no later than June 23 this year.

Shares added 3.7% in Toronto to 42 cents.

]]>
Wed, 11 Apr 2018 09:34:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194760/maxtech-ventures-bolsters-brazilian-manganese-aims-with-new-joint-venture-for-goias-state-194760.html
<![CDATA[News - Maxtech Ventures poised for potential joint venture as it hits the ground in Para, Brazil ]]> https://www.proactiveinvestors.com.au/companies/news/193885/maxtech-ventures-poised-for-potential-joint-venture-as-it-hits-the-ground-in-para-brazil-193885.html Manganese focused Maxtech Ventures Inc (CNSX:MVT) is set to get busy on the ground in Brazil, as it may form a  joint venture to explore 40,000 hectares in the state of Para.

The potential partner is Andorra Participacoes and the firm is already organising a site visit with Andorra and MLB Mining Brazil, Maxtech's in-country manager.

READ: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

The areas of interest lie in the Teles Pires River basin in the southwest portion of the state and the claims have geological structures in three main directions, the firm said.

"Maxtech's strategy for the first quarter is to joint venture with companies in the Brazil who have already located high-grade manganese areas of interest," said Peter Wilson, chief executive at Maxtech.

"Now that the rainy season in the region is over, our operations will ramp up quickly, and research and technical site visits will increase," he added.

The LOI (letter of intent) is effective for 120 days, closing no later than June 23 this year.

Andorra Participacoes e Empredimentos and Maxtech are in discussions about  a joint venture, which will hinge on successful due diligence, including licensing verifications and initial sample assay results.

Mining accounts for 14% of the gross domestic product (GDP) of Para, mainly from the extraction of iron, bauxite, manganese, limestone, tin and gold.

Max tech is a pure play manganese near-term producer, which Wilson says has an ever-increasing portfolio of assets in Brazil in the state of Mato Grosso.

There are also potential assets the company is researching  in Zambia and Morocco.

The first stop on this global path to growth is Brazil, where Maxtech projects are at their most advanced.

Here Maxtech has four claims that add up to almost 40,000 hectares in total, and it has a strategic partnership too, in the shape of Maringa Ferro, a locally established producer of manganese and manganese silica that operates five furnaces with a capacity of 80,000 tonnes per year.

]]>
Tue, 27 Mar 2018 08:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193885/maxtech-ventures-poised-for-potential-joint-venture-as-it-hits-the-ground-in-para-brazil-193885.html
<![CDATA[News - Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market ]]> https://www.proactiveinvestors.com.au/companies/news/193468/maxtechs-high-grade-pure-play-manganese-offering-is-one-of-a-kind-in-a-potentially-very-lucrative-market-193468.html “We’re a junior pure play manganese near-term producer,” says Peter Wilson of Maxtech Ventures Inc (CNSX:MVT).

“We have an ever-increasing portfolio of assets in Brazil in the state of Mato Grosso, and we have others coming.”

There are also potential assets the company is researching  in Zambia and Morocco, a signal of the company’s broader international aspirations and its belief that globally, manganese is currently presenting investors with a real opportunity.

The first stop on this global path to growth is Brazil, where Maxtech projects are at their most advanced.

Here Maxtech has four claims that add up to almost 40,000 hectares in total, and it has a strategic partnership too, in the shape of Maringa Ferro, a locally established producer of manganese and manganese silica that operates five furnaces with a capacity of 80,000 tonnes per year.

“They can buy everything in-country that we can produce,” says Wilson. And this is no mere start-up. Brazil is one of the world’s major mining destinations, particularly known for its iron ore, which is used in the manufacture of steel. So too is manganese, and Maringa-Ferro was founded back in 1946 to produce it.

“They like to review and support us,” says Wilson. And it’s certainly a handy name to have on board when it comes to negotiating new property deals.

Not that Maxtech is up against much competition at the moment. In the sphere of manganese Maxtech virtually has the field to itself.

“There are little or no peers,” says Wilson, and he’s not just talking about Brazil either. Around the world there are only a handful of pure play manganese companies, and the majors that produce the metal spend very little time talking about it.

“We see it as a rich market opportunity,” says Wilson. “90% of the manganese produced is used in the fabrication of steel alloys, but there’s also some used in fertilizers.”

Given that state of affairs, it’s clear that manganese is a play on the world economy, and that’s not doing too badly at the moment.

So Maxtech looks well poised.

At the moment, the spot price of manganese is broadly tied up by a handful of the major producers like Glencore (LON:GLEN).

But there’s a sense in which that’s academic to Maxtech because it has one key advantage over any and all competition: grade.

To be sure, the Maxtech projects are relatively small but they do offer significant margin, because costs are low and grades are high.

The small operations that Maxtech becomes involved with involve digging out high grade material at surface with a backhoe. A sifter is used and the soil is put back where it came from.

“There are no chemicals involved in our projects, nothing,” says Wilson.

“It offers great margin and we’re the aggregator down there. It’s not Glencore’s job to go round and talk to farmers – they’ll just come and be the off-take partners. Everyone’s trying to dig this up themselves, but no-one’s really brought it all together.”

So what is the scale of the opportunity we’re talking about?

First off, it’s worth noting that high grade material of the kind Maxtech is looking to sell generally trades at around 30% above spot.

But assuming that Maxtech is able to bring an initial 40,000 tonnes-plus of ore to the market, the overall revenue per year could be substantial. And Brazil is just for starters.

The ore in Zambia is equally high grade, and Wilson is getting ready to replicate his model in other countries too, including, potentially, Argentina and Spain.

“The strategy of the company is always to have an off-take partner,” says Wilson.

There’s an Indian buyer already lined up for the Zambian ore who won’t take product from other local producers because the grade is too low.

It’s a model that Wilson refers to as being “reverse-engineered.” The customers are put in place before the production begins, and that’s only possible where grade is enough to turn the heads of some pretty big names.

But it’s a model that could end up providing investors with some very healthy returns indeed.

 

 

 

 

]]>
Tue, 20 Mar 2018 12:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193468/maxtechs-high-grade-pure-play-manganese-offering-is-one-of-a-kind-in-a-potentially-very-lucrative-market-193468.html
<![CDATA[News - Maxtech Ventures working towards production in Juina; completes placing ]]> https://www.proactiveinvestors.com.au/companies/news/193105/maxtech-ventures-working-towards-production-in-juina-completes-placing-193105.html Manganese-focused Maxtech Ventures Inc.(CSE:MVT) announced that it has raised C$877,110 via a private placement. The company issued just over 2.5mln units at 35 cents each.

Each unit consisted of one share and one share purchase warrant entitling the holder to acquire an additional share for 45 cents for two years from closing.

Maxtech also said it had received the final Juina claims geological review - a key element to the Guia process in Brazil, which will allow the Juina claims to move into production.  The claim is composed of manganese mineralisation where the outcrops are well exposed within the area.

The mean levels obtained on this claim were 50% manganese metal.

"We are looking forward to going into production in Juina and expanding our claims in the region," said Peter Wilson, chief executive.  "The additional capital received will support our activities in Brazil. We will continue working with our strategic relationships and seek additional offtake partnerships as we expand operations."

Maxtech will next focus on the lavra mining licence and the potential reserve measure of the entire Brasnorte Project.

Maxtech shares shed 1% to C$0.50.

 

]]>
Tue, 13 Mar 2018 14:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193105/maxtech-ventures-working-towards-production-in-juina-completes-placing-193105.html