Almadex Minerals
Financials:
Primary ticker: TSXV:DEX
Stage of development: Exploration
Primary minerals: Gold, Silver, Zinc, Copper
Project to promote: Davis Paradise, Logan, San Pedro
Project location: USA (Nevada), Canada, Mexico
Website: www.almadexminerals.com
Corporate presentation: Click here
Almadex is an exploration company that holds a large mineral portfolio consisting of exploration projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex’s management team. The Company remains focussed on grassroots exploration, acquisition and drilling mineral projects, on its own and in partnership with others, with the goal of creating new mineral resources and royalty holdings. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house.
Cash: CAD$18
Debt: NIL
Major shareholders:
Ernesto Echavarria – ~8%
Management Ownership – 7%
Management Profile
Doug McDonald – Executive VP and Director
Doug has over twenty years experience in the resources and foreign trade and resource policy arenas. Prior to joining Almadex, Doug worked with an investment dealer where he advised numerous mineral resource companies regarding M&A opportunities, and assisted them in accessing the capital markets. He also spent five years as a Foreign Service officer with the Canadian government, where he focused on international trade issues, in particular in terms of their impact on the resources industry.
Doug graduated from the University of British Columbia with a Bachelor of Commerce degree and a Masters of Applied Science degree specializing in mineral economics.
What is your rationale for taking part 121 Mining Investment?
Raise awareness
What recent news would you like to highlight to investors attending?
January 26, 2023: Updated Resource Estimate for the Logan Zinc/Silver Project
January 18, 2023: Almadex Reports Final 2022 Results for the San Pedro Silver-Gold Project, Outlines 2023 Program
September 22, 2022: Almadex Samples 6.0 g/t gold and 2410 g/t Ag in New High Grade Surface Trend and Defines Large High Sulphidation Alteration System at Davis/Paradise in Nevada
March 16, 2022: Outline of 2022 Exploration Plans
September 28th, 2021: Almadex Sells 2.0% NSR on Elk Property for US$10.63 million
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
– Advance exploration at Nevada and Mexico properties
– Assessing potential for resource expansion at Logan property in Yukon
– Management of ongoing third party drill contracts
6 Months:
– Drilling of one or more Mexican property
– Review and publication of results of Logan and Nevada summer work programs
– Update on status of NSR royalty package
12 Months:
– One or more option/JV agreements on owned properties
– Develop path forward for Logan and Davis Paradise projects
– Continued prospect generation and evaluation work
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
In addition to risks inherent in exploration, key risks and challenges are jurisdiction and permitting risk.
What do you think makes your company such a compelling investment?
Excellent cash position, cash generation potential, long history of exploration success, relatively low risk exposure to exploration upside across several commodities
What are the top 3 key investor takeaways?
Well funded company with proven exploration capacity providing exposure to multiple exploration plays and commodities.