Mx2 Mining
Primary ticker: Private
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Amizmiz
Project location: Morocco
Mx2 Mining is a gold exploration company focused on the North Africa and Gulf regions. The Mx2 executive team includes key personnel responsible for the success of several African precious metals companies, including Red Back Mining, Aya Gold & Silver, Orca Gold and Montage Gold. Mx2’s assets will include the high-grade Amizmiz Gold Project in the Kingdom of Morocco, containing a Historic Inferred Mineral Resource of 819,769 tonnes grading 12.94 g/t for 342,094 ounces and an option to acquire a 75% interest in the Tijirit Gold Project in Mauritania. At Amizmiz, exploration is being conducted for the first time since 2010, with the objective of the program to test for the potential of multiple mineralized zones that together can provide for a +1Moz resource grading +10 g/t gold.
Management Profile
Richard Clark – Executive Chairman
Mr. Clark has a long and highly successful track record in the mining industry including Red Back Mining Inc. where while President and CEO he led Red Back to become an intermediate gold producer. Mr. Clark successfully guided Red Back through all facets of growth including discovery, feasibility, financing and production coupled with successful corporate acquisitions culminating in the sale of Red Back to Kinross Gold Corporation in late 2010 for US$7.1 billion. In addition to his success at Red Back, Mr. Clark was instrumental in the discovery and feasibility of the Block 14 Gold Project in Sudan through Orca Gold, which was acquired by Perseus Mining in 2022 and the discovery and feasibility of the Koné Gold Project in Côte d’Ivoire through Montage Gold. Mr. Clark has a geological background, was formerly a lawyer and is a CGIC / ICSA Accredited Director.
Adam Spencer – President & CEO
Adam Spencer has 20 years of experience in the mining industry, with a strong background in both mining capital markets and executive leadership. Early in his career, Adam worked as an investment banker, providing strategic advice, raising capital, and executing M&A transactions totaling several billion dollars for small and mid-sized mining companies. Following his banking career, he held a senior role in corporate development at Sandstorm Gold Royalties, where he led the deployment of over half a billion dollars in investments and gained extensive expertise in project finance, royalty and streaming acquisitions, and debt structuring.
In 2019, Adam joined Montage Gold during its formation, serving as Executive Vice President and successfully executing corporate finance and investor relations activities until his departure in May 2024. During his tenure at Montage, the company grew the Koné Gold Project from an initial inferred resource of approximately 1Moz to over 5Moz, completed several equity financings, advanced to definitive feasibility, and achieved significant regional consolidation, positioning Montage as one of the premier development-stage companies in West Africa today.
What is your rationale for taking part in 121 Mining Investment?
Introduce the newly formed Mx2 Mining company to the investment community and communicate plans for advancing the flagship Amizmiz gold project in Morocco. Open to discussing other project opportunities that fit with Mx2’s mandate (gold exploration in North Africa and the Gulf Region).
What recent news would you like to highlight to investors attending?
Recently announced brokered private placement and plans to initiate a 2,800-metre drill program at Amizmiz.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
– close $15M brokered private placement
– begin 2,800-metre drill program at Amizmiz
– evaluate go public plans
– evaluate other project opportunities
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Strong executive team and partner (Aya Gold & Silver) with extensive in-country and regional experience.