Midex Resources

Primary ticker: Private
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Crescent Lake – Lithium
Project location: Canada
Website: midexresources.com

Corporate presentation: Click here

Corporate video: Click here

Midex Resources Ltd., is a Canadian lithium focused exploration company. Midex controls nearly 40,000 hectares of lithium-focused mining claims that sit directly on key geological control structures that are proven to host spodumene-rich pegmatites. Advanced projects contiguous to Midex’s Berens and Crescent Lake projects continue to generate world class results. Most notably is the ‘GT Metals’ Seymour Lake Project. Midex’s flagship Crescent Lake Project is a prime example; located adjacent to Green Technology Metals ‘GT Metals’ (ASX: GT1) flagship Seymour Project. GT Metals recently announced their plans for a central spodumene processing facility on their Seymour Project, which is located directly adjacent to Midex’s Crescent Lake project, and less than ten kilometres from four of Midex’s spodumene pegmatite occurrences. GT Metals is also undertaking a Preliminary Economic Assessment on a lithium chemical conversion facility in Thunder Bay Ontario. Midex has taken a deliberate approach of aggregating projects in Ontario, Canada. Midex’s understanding of Ontario’s geology and how it relates to regional controls on hard rock lithium deposits has informed their acquisition of highly prospective lithium assets in districts known to host large tonnage spodumene deposits.

 

Cash:Approx. C$1.0 M
Debt: NIL

 

Major shareholders:

Management ownership – 20%

Map of Projects

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.

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

November 2, 2023 MIDEX RESOURCES AND PATRIOT LITHIUM SIGN BINDING TERM SHEET ON LITHIUM RIGHTS FOR THE BERENS PROJECT June 14, 2023 MIDEX ANNOUNCES BUSINESS COMBINATION AGREEMENT WITH SAYWARD CAPITAL CORP. AND ITS INTENTION TO RAISE UP TO $2,650,000 AS CONCURRENT FINANCING May 15, 2023 MIDEX COMPLETES TRANSACTION TO ACQUIRE NEW LITHIUM PROJECT IN SEYMOUR LAKE – CRESCENT LAKE – FALCON LAKE AREA AND PROVIDES UPDATE

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

3 Months:
Complete go public listing and transaction with Patriot Lithium; Commence winter drill program at flagship Crescent Lake Lithium Project, along with detailed prospecting, channel sampling to follow up prior lithium results from historic data and drill programs.

 

6 Months:

Continued focus on delineating the spodumene potential at Crescent Lake, through an extensive drill exploration program at Cresent. 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.

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:

Continued exploration and advancement of all lithium assets, with an emphasis on the Crescent Lake project. Continued property evaluations to enhance project pipeline.

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 assembled one of the largest, highest quality, royalty-free, lithium project portfolios in Ontario. Midex is strategically positioned to leverage the future advantages Ontario will have in terms of mineral concentrators, chemical conversion plants and transportation routes. There is no other location in North America—and few locations in the world−where a major automotive manufacturing ecosystem contains a major technology ecosystem that is connected to a rich supply of raw materials to feed the entire ecosystem.

What are the top 3 key investor takeaways?

1. Attractive market cap in comparison to peers. 2. 100% ownership of dominant land packages, contiguous with advanced projects in districts that are known to host large tonnage spodumene deposits. 3. High potential for new lithium discoveries on a district scale.