Midex Resources

Primary ticker: Private
Stage of development: Exploration
Primary minerals: Lithium, Gold, Silver
Project to promote: Berens Lithium
Project location: Canada
Website: midexresources.com

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Midex Resources Ltd., is a lithium focused exploration company that holds a 100% interest in five (5) lithium focused projects, and two (2) historic gold & silver mines in Ontario, Canada.

Midex is prioritizing the Berens Lithium project, located along a unique lithium trend that has been shown to host large tonnage spodumene deposits. Based on world class results from adjacent Frontier Lithium PAK project located along strike to the southeast Midex predicts this district will play an important role in supplying critical minerals to the electrification revolution. Midex Resources retains the largest land package in the Favourable Lake Greenstone Belt and is positioned to leverage low risk, quality lithium discoveries that capitalize on economies of scale.

Cash: CAD$360,000
Debt: NIL

Major shareholders:

Management ownership – 30%

Management Profile

David Jamieson – Chief Executive Officer & President
David has over 35 years’ experience providing geological expertise to the Canadian mineral exploration industry. David’s early career experience includes 10 years with Agnico Eagle and related companies, with a focus on the Abitibi Greenstone Belt in Ontario and Quebec where he co-discovered the Victoria Creek lode gold deposit. Wide ranging exploration experience in many of the greenstone belts of N.W. Ontario, discovering a significant gold zone at Sandy Lake, and guiding early underground exploration of the Island Gold deposit. Co-founder of Midex Resources Ltd.

Scott Young – Vice President, Business Development
Scott has an extensive background in corporate development, fundraising strategy and tactical planning. Companies he has successfully helped fund are in diverse industries such as biotech, medtech and natural resources. He has a comprehensive institutional financing network that spans North and South America, Europe and Asia. He has delivered investment results for various private or public entities. His track record of delivering value has been consistent for over 2 decades.

What is your rationale for taking part in 121 Mining Investment?

Midex is seeking to raise the company’s profile with investors as it advances towards a public listing.
Open to all investors; currently doing a pre IPO raise.

What recent news would you like to highlight to investors attending?

As a private company, we have not been producing press releases on our results.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete current financing; Complete 43-101 for go public transition; Complete summer fall exploration programs on lithium projects. Detailed prospecting, channel sampling to follow up lithium results at Berens Lithium; Reconnaissance prospecting and till sampling at Allison Lake Lithium, Onion Lake Lithium, Case Lake East Lithium.
Leverage strategic partnerships that passively enhance value on Midex’s gold and silver assets.

6 Months:

Public Listing with major financing; Launch major 2023 exploration program on all lithium projects.

Mobilize camp equipment to Berens site on winter road. Complete ground geophysics; includes drone mag Berens Lithium North, I.P. at Berens Mine site.
Line cutting, trail cutting on Berens Lithium North (south of Favourable Lake adjacent to Frontier Lithium Project); Lidar Berens Lithium North and South. Follow-up detailed prospecting and till sampling at Allison Lake Lithium, Onion Lake Lithium, and Case Lake East Lithium.

12 Months:

Initiate diamond drilling program on priority lithium targets. Detailed prospecting, channel sampling at Berens Lithium North; Reconnaissance prospecting at Berens Lithium South; Powerstripping, channel sampling Allison Lake Lithium, Onion Lake Lithium, Case Lake East Lithium.
Logistical planning for Q1-2024 diamond drill program(s) on priority lithium targets.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Volatile market conditions which require focus on getting the story out about our role in the large secular transition to discovering new sources of minerals needed for low carbon electricity generation and storage.

What do you think makes your company such a compelling investment?

Midex has created a large portfolio of 100% owned lithium projects, anchored by the Berens project adjacent to Frontier Lithium.  Midex is a dynamic, entrepreneurial company with a strong leadership team adept at recognizing opportunities and assembling large, highly prospective land packages.  The 220 sq km Berens Lithium project provides investors with significant exposure to one of the most exciting hard-rock lithium plays in North America.

What are the top 3 key investor takeaways?

1. Attractive market cap in comparison to peers.

2. 100% ownership of a dominant land package adjacent to Frontier Lithium’s PAK project in the uniquely lithium-rich, polymetallic Favourable Lake Greenstone belt.

3. High potential for new lithium discoveries on a district scale.