MINK Ventures Corporation
Financials:
Primary ticker: TSXV:MINK
Stage of development: Exploration
Primary minerals: Nickel, Copper, Cobalt
Project to promote: Montcalm
Project location: Timmins, Ontario, Canada
Website: www.minkventures.com
Corporate presentation: Click here
Corporate factsheet: Click here
Corporate video: Click here
Mink Ventures Corporation (TSXV:MINK) is a Canadian mineral exploration company exploring for battery metals (nickel, copper, cobalt) at its Montcalm project, which covers approximately 40 km2 adjacent to Glencore’s former Montcalm Mine which had historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co. (Ont. Geological Survey, Atkinson, 2010. The project has excellent access and infrastructure with an all-weather access road and power line, as well as its proximity to the Timmins Mining Camp. The Company has 14,972,319 shares outstanding.
Cash: CAD$500,000
Debt: NIL
Major shareholders:
Management & Directors – 17.1%
Zen Ventures Inc. – 15.43%
Management Profile
Natasha Dixon – President, CEO, & Director
Ms. Dixon is a cofounder of MINK and built the company since its inception in March 2021. She has diverse work experience in capital markets; facilitating the listing and financing of public and private corporations; and has developed an extensive network of business and financial contacts throughout her career. Ms. Dixon helped launch and worked in various capacities for the Canadian Securities Exchange (CSE). Following that, she worked with several resource companies and was instrumental in raising capital and expanding the investor audience for these various corporations. Ms. Dixon was Chief Operating Officer and a Director of Golden Harp Resources Inc. responsible for its IPO, and eventually became President & Chief Executive Officer of the corporation. Further, Ms. Dixon was Chairman of 5SD Capital, a private company which built a successful mineral exploration project portfolio. In December 2018, 5SD Capital was acquired by Pelangio Exploration Inc. From August 2020 to January 2023, Ms. Dixon held the position of Director, External Relations for Pelangio Exploration while concurrently providing corporate advisory services for several private and public companies in the fintech, consumer goods and natural resource sectors. She holds a B.A. with High Honours in Environmental Studies from Carleton University.
What is your rationale for taking part in 121 Mining Investment?
We are a newly listed company on the TSXV and looking to expand the MINK audience. We are an exploration company so will generally be seeking funds to continue to conduct our exploration programs. We are using advanced geophysics which is detecting new drill targets with greater clarity.
What recent news would you like to highlight to investors attending?
January 4, 2023- Started trading on TSXV
January 10 – Exploration Program Underway, March 1 – Phase 1 Diamond Drilling Underway, March 15 – Significant, Newly Detected Drill targets identified, May 4 – Drill Results from Phase 1 – Additional Drilling Planned
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Drill test the newly targets in the South Target Area
6 Months:
Follow up on Phase 2 Borehole IP surveys around the Hook Zone and complete additional IP ground surveys, Continue diamond drilling
12 Months:
Grow our market cap and continue exploration and drilling at Montcalm.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We are a new company with an incredible asset. Liquidity as a new issuer is a challenge that is resolved through time and investor relations efforts. We are managing both. We are an exploration stage company and all of the inherent risks to that type of issuer apply to MNK.
What do you think makes your company such a compelling investment?
The Company is just getting started in the evaluation of its sizeable Montcalm project, which would be incredibly challenging and very costly to assemble in the current environment in the Timmins Mining Camp.The access and infrastructure to the project, the adjacent former Montcalm Mine, and the Timmins Camp is exceptional. In the first months of operation, the Company vetted the capability of new geophysical technology through its phase 1 exploration program, and discovered a number of previously undetected, high priority targets that now require drill testing. The historical exploration and drill density (48 holes over 40 km2) on a project of this scale, adjacent to a high-grade nickel sulphide mine, has been sporadic at best and the Company is continuing to explore and drill in the near future, once the expanded permits are received. The Company has tight capital structure with under 15 million shares outstanding and is led by an experienced and motivated team.
What are the top 3 key investor takeaways?
Strategic battery metals exploration opportunity, covering 40 square kilometers, adjacent to a former high grade nickel copper cobalt mine. Significant advances in geophysics is identifying never before detected targets.
Incredible location, access and infrastructure for cost-effective exploration.
The Company has tight capital structure with under 15 million shares outstanding and is led by an experienced and motivated team.