Proactiveinvestors USA & Canada Maxtech Ventures Inc https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Maxtech Ventures Inc RSS feed en Sun, 26 May 2019 23:38:59 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Maxtech focuses on properties with manganese and vanadium potential after canceling American Strategic Metals deal talks ]]> https://ca.proactiveinvestors.com/companies/news/211811/maxtech-focuses-on-properties-with-manganese-and-vanadium-potential-after-canceling-american-strategic-metals-deal-talks-211811.html Maxtech Ventures Inc (CSE:MVT)(OTCMKTS:MTEHF) said it will focus on current properties with potential manganese and vanadium mineralization after ending deal talks with American Strategic Metals.

Vancouver-based Maxtech said in a press release Friday that it will discontinue further acquisition discussions with American Strategic Metals and will concentrate on strategic battery and technology metals.

READ: Maxtech Ventures announces summer exploration program at Lac Patu vanadium project

"Vanadium is a newly emerging energy and strategic metal for a new class of cost-effective battery storage technologies,” CEO Peter Wilson said in a statement. "Maxtech is motivated to begin work programs on our vanadium prospects and to continue to explore for predevelopment projects that fit our core 2019 focus."

Maxtech said in September that it had signed a letter of interest for an option to purchase 100% of American Strategic Metals and its Lost Sheep fluorspar project and Lost Sheep mine in Utah.

Earlier this month, the company said it was preparing for a summer exploration program at the Lac Patu vanadium project in Quebec.

The company reported in a filing Friday a loss of C$236,866 for the quarter ended October 31, compared with a C$77,680 loss a year earlier. During the period, the company acquired a vanadium project in Quebec. 

—This story was updated to give financial results—


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Mon, 31 Dec 2018 10:00:00 -0500 https://ca.proactiveinvestors.com/companies/news/211811/maxtech-focuses-on-properties-with-manganese-and-vanadium-potential-after-canceling-american-strategic-metals-deal-talks-211811.html
<![CDATA[News - Maxtech Ventures announces summer exploration program at Lac Patu vanadium project ]]> https://ca.proactiveinvestors.com/companies/news/210695/maxtech-ventures-announces-summer-exploration-program-at-lac-patu-vanadium-project-210695.html Maxtech Ventures Inc (CNSX:MVT) (OTCMKTS:MTEHF) told investors it was poised for a summer exploration programme at the Lac Patu vanadium project in Quebec.

The Quebec Ministère de l'Énergie et des Ressources Naturelles (MERN) has been notified that the following activities will be undertaken on the claims starting on June 1 next year.

They include:

An on-site visit surface geochemical sampling and mapping A ground-based 1,000 line km geochemical survey

"Vanadium is a newly emerging energy and strategic metal for a new class of cost-effective battery storage technologies," Peter Wilson, the CEO of the Vancouver-based company, said in a statement.

"As the vanadium price-per-pound continues to reach all-time highs, Maxtech is motivated to begin phase one work programs on our Lac Patu vanadium prospect in Quebec."

READ: Maxtech Ventures taps industry veteran to advance Brazil vanadium exploration program

Maxtech's project comprises 72 mineral titles encompassing an area of 3,420 hectares. It is staked directly north and along the trend of Uranor's uranium discovery at Lac Minowean.

In 2009, Uranor and Areva conducted what's called a Versatile Time Domain Electro Magnetic (VTEM) survey over the area locating several targets, and only those with high radioactivity were drilled.

These nine holes on the east side of Lac Minowean found uranium, copper, cobalt and vanadium.

Geochemical values from drilling were reported as 8.03% vanadium (14.0% V2O5), 1.76% cobalt and 1.50% copper over 0.5 meters in the underlying dolomite.

The Lac Patu project lies in the area of the highest electromagnetic response identified by this VTEM survey, which is 3km from Uranor's discovery drilling.

Shares in Maxtech are unchanged in Toronto at $0.21 at the time of writing.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Thu, 06 Dec 2018 09:03:00 -0500 https://ca.proactiveinvestors.com/companies/news/210695/maxtech-ventures-announces-summer-exploration-program-at-lac-patu-vanadium-project-210695.html
<![CDATA[News - Maxtech Ventures taps industry veteran to advance Brazil vanadium exploration program ]]> https://ca.proactiveinvestors.com/companies/news/210157/maxtech-ventures-taps-industry-veteran-to-advance-brazil-vanadium-exploration-program-210157.html Maxtech Ventures Inc (CNSX:MVT) (OTCMKTS:MTEHF) said Wednesday that it has tapped the expertise of mining industry veteran Daniel Geyerhahn Garcia to advance its vanadium exploration program in Brazil.

The Vancouver-based mining company said in a press release that it has engaged Garcia, who is CEO of Goldmen Resources Brazil. He will work with the team in identifying vanadium mineralization deposits where Maxtech has manganese assets.

READ: Maxtech Ventures sharpens focus on acquiring vanadium assets in Americas

Garcia has been an active CEO in mining for five years, focusing on gold exploration. He is experienced in mineral research, greenfield projects and environmental licensing.

Maxtech's two vanadium claims in Brazil were submitted to the National Department of Mineral Production in July. They are located in the eastern Bahia state of Brazil, about 813 kilometers (505 miles) northeast of the capital, Brasilia.

The company added that it’s seeking to minimize risk by discussing possible joint-venture exploration opportunities with several groups.

"In the current mining climate, joint-venture partnerships will be key to success with global assets,” CEO Peter Wilson said. “Daniel being on the team in Brazil will be a tremendous asset to the company's vanadium acquisition and exploration strategy."

Shares of the company climbed C$0.04 to C$0.22 in Wednesday’s Canadian trading. They advanced US$0.01 to US$0.14 on the OTC market.



Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Wed, 28 Nov 2018 14:26:00 -0500 https://ca.proactiveinvestors.com/companies/news/210157/maxtech-ventures-taps-industry-veteran-to-advance-brazil-vanadium-exploration-program-210157.html
<![CDATA[News - Maxtech Ventures sharpens focus on acquiring vanadium assets in Americas ]]> https://ca.proactiveinvestors.com/companies/news/209967/maxtech-ventures-sharpens-focus-on-acquiring-vanadium-assets-in-americas-209967.html Maxtech Ventures Inc (CNSX:MVT) said Monday the company is sharpening its focus on vanadium acquisitions in North and South America to build on assets in Quebec and Brazil as well as agreements in Utah.

Vanadium redox batteries are expected to be well-suited for grid storage applications and to complement the growth in grid-scale wind and solar generation capacity, the Vancouver-based company said in a press release.

READ: Maxtech Ventures set for vanadium exploration in Brazil

In addition, China’s vanadium metal consumption is expected to increase by 30% over the next two years, according to Maxtech, citing the China Iron and Steel Research Institute.

To help advance its vanadium strategy, Maxtech is drawing on Avrom Howard, a geologist with more than 40 years of technical and executive experience. For several years, he worked in the Colorado Plateau region.

Shares of Maxtech climbed C$0.01 to C$0.16 in Monday’s Canadian trading.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Mon, 26 Nov 2018 14:00:00 -0500 https://ca.proactiveinvestors.com/companies/news/209967/maxtech-ventures-sharpens-focus-on-acquiring-vanadium-assets-in-americas-209967.html
<![CDATA[News - Maxtech Ventures set for vanadium exploration in Brazil ]]> https://ca.proactiveinvestors.com/companies/news/207200/maxtech-ventures-set-for-vanadium-exploration-in-brazil-207200.html Maxtech Ventures Inc (CSE: MVT, Frankfurt: M1N) is set to begin vanadium exploration in Brazil.

The firm has two claims in the state of Bahia in Brazil and has now concluded its exploration plans.

They are on strike with the producing Maracás Menchen vanadium mine and the Campbell pit deposit, which is being developed by Largo Resources Ltd (TSE;LGO).

The latter is  a Toronto-based strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder.

The work will be executed in accordance with environmental legislation at the state and federal levels as well, said Maxtech.

"Geological mapping throughout the area for the purpose to identify the geological formation where the mineralization of vanadium is probable with open mesh with varied steering profiles.

"Initially the exploration rows will be 200 by 200 meters and can be modified at the discretion of the field team," said the company.

''The company has located and will be actively researching several other previously identified vanadium claims in Bahia during the period our geologists are in Bahia in the week.

"Maxtech will continue to build upon their vanadium footprint in Brazil,'' Peter Wilson, Maxtech CEO, told investors on Tuesday.

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Tue, 16 Oct 2018 09:58:00 -0400 https://ca.proactiveinvestors.com/companies/news/207200/maxtech-ventures-set-for-vanadium-exploration-in-brazil-207200.html
<![CDATA[News - Maxtech Ventures strikes new joint venture for Brazilian claims ]]> https://ca.proactiveinvestors.com/companies/news/206687/maxtech-ventures-strikes-new-joint-venture-for-brazilian-claims-206687.html Resource group Maxtech Ventures Inc (CSE: MVT, Frankfurt: M1N) has unveiled details of a new joint venture it has struck in Brazil.

The venture will explore for, and evaluate, potential acquisitions of mineral deposits not limited to manganese but for vanadium and other strategic minerals with Daniel Geyerhahn Garcia and partners in the state of Minas Gerais.

"As I have said beforehand, continuing to build an accomplished team and a diversified portfolio of assets in Brazil increases the potential to find larger resources throughout Brazil and is essential for growth," said  Peter Wilson, the CEO of Maxtech.

"As we near the last quarter of 2018, the focus of Maxtech has pivoted to building through exploration and the acquisition of globally strategic mineral assets."

This alliance between Maxtech and partners will help fast-track claims with Guias, trial mining licenses, to the next stage submission to the Departamento Nacional de Produção Mineral (DNPM) of Brazil for small-scale mining consents or Lavras that allows for the immediate development of a deposit.

The first claims being assessed are in the Cipó mountain range, Espinhaço chain, which is the watershed between the Atlantic Ocean and the São Francisco River basin in the East of Brazil.

Manganese mineralisation

Based on previous research, the firm could verify a large area with the potential for manganese mineralisation occurrences.

Maxtech is currently evaluating these claims and others and will update on their status once a company research report has been completed.

Last month, the group updated on its other Brazilian assets, where it is advancing the  Brasnorte manganese project, the Maracás Menchen vanadium Mine and Campbell pit deposit and claims at Santana do Pirapama.

At Brasnorte, the focus is on four claims where assays showed high-grade manganese between 51.4% to 55.9%.

Maxtech said it was meeting with the Departamento Nacional de Produção Mineral (DNPM) to discuss the final stages of approval of the trial mining license (Guia) in order obtain the environmental and operating licenses that it needs to further its exploration and trial production initiatives.

Maxtech shares in Toronto shed 6.25% to stand at $0.225.

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Tue, 09 Oct 2018 08:44:00 -0400 https://ca.proactiveinvestors.com/companies/news/206687/maxtech-ventures-strikes-new-joint-venture-for-brazilian-claims-206687.html
<![CDATA[News - Maxtech Ventures excited about vanadium potential of new claims in Utah ]]> https://ca.proactiveinvestors.com/companies/news/206215/maxtech-ventures-excited-about-vanadium-potential-of-new-claims-in-utah-206215.html Maxtech Ventures Inc (CSE:MVT) is excited about its option to buy 100% interest in vanadium claims in Emery County, Utah.

The Temple mountain district has a big history of mining for vanadium and uranium, said Maxtech.

READ: Maxtech Ventures advancing its Brazilian assets; forms new manganese joint venture

Maxtech has signed a letter of intent to option 52 contiguous lode mining claims staked covering a total of 1,074 acres or around 435 hectares.

The entire claim group has a maximum north-south extension of around 3.2km and a maximum east-west extension of around 1.8 km.

"Demand for vanadium as a strategic metal has exploded as price surges hit recent highs from approximately $9.00 per pound last year to about $22.63 per pound supported by a high global demand. As a result, mining companies are returning to explore for vanadium with vigour," said Peter Wilson, chief executive at Maxtech.

Historical drill assays at Temple Mountain show maximum values of uranium (U3O8) of up to 1.85% and vanadium (V2O5) oxide of up to 4.97%, indicating pockets or restricted lenses of high-grade ore and uranium grades of up to 4% were also reported.

Mining began in the district in 1914, which was 16 years after its initial discovery in 1898.

READ: Maxtech Ventures makes another move in vanadium with Quebec acquisition

Artisanal activities were present between 1922 and 1978.

The optioned area is situated just north of the Utah State Park of Goblin Valley.

In today's statement, Maxtech drew attention to Energy Fuels (TSE:EFR, NYSEMKT:UUUU) which said last week it would restart operations in Blanding Utah and will resume vanadium production at its White Mesa Mill in mid-November this year.

Maxtech shares shed 4% on Tuesday to stand at $0.24 each.

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Tue, 02 Oct 2018 10:35:00 -0400 https://ca.proactiveinvestors.com/companies/news/206215/maxtech-ventures-excited-about-vanadium-potential-of-new-claims-in-utah-206215.html
<![CDATA[News - Maxtech Ventures advancing its Brazilian assets; forms new manganese joint venture ]]> https://ca.proactiveinvestors.com/companies/news/205772/maxtech-ventures-advancing-its-brazilian-assets-forms-new-manganese-joint-venture-205772.html Maxtech Ventures Inc (CSE:MVT) updated on its Brazilian assets, where it is advancing the  Brasnorte manganese project, the Maracás Menchen vanadium Mine and Campbell pit deposit and claims at Santana do Pirapama.

"We are pleased to bring our shareholders an update on our flagship assets in Brazil. Manganese and vanadium are globally high-value strategic metals," said Peter Wilson, chief executive at Maxtech.

"We will continue to build on our strategic metal asset base in Brazil as opportunities arise. Our current off-take partnerships stand ready to assist."

Assays of high-grade manganese

At Brasnorte, the focus is on four claims where assays showed high-grade manganese between 51.4% to 55.9%.

Maxtech said its in-country asset and exploration management team, will be traveling today to Cuiabá to meet with the Departamento Nacional de Produção Mineral (DNPM) to discuss the final stages of approval of the trial mining license (Guia) in order obtain the environmental and operating licenses that it needs  to further its exploration and trial production initiatives.

At the vanadium assets, the firm's Brazilian based geologist and his vanadium experienced research team will be travelling to Bahia beginning the next stage of research on the claims.

There are additional areas of interest in the area which Maxtech is presently investigating, said Maxtech.

Finally, at Santana do Pirapama, Maxtech has signed a non-exclusive letter of interest to form a joint venture with a Brazilian based company on claims where manganese mineralization has been proven.

The claim-holders group and the potential joint venture partner have filed for a Guia trial mining license. Maxtech and its in-country partners are assessing the project.

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Wed, 26 Sep 2018 09:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/205772/maxtech-ventures-advancing-its-brazilian-assets-forms-new-manganese-joint-venture-205772.html
<![CDATA[News - Maxtech Ventures moves into fluorspar as it's poised to buy American Strategic Metals ]]> https://ca.proactiveinvestors.com/companies/news/205355/maxtech-ventures-moves-into-fluorspar-as-it-s-poised-to-buy-american-strategic-metals-205355.html Maxtech Ventures Inc (CSE:MVT) told investors it has moved into the fluorspar market as it's set to buy American Strategic Metals and its Lost Sheep fluorspar project and Lost Sheep mine in Utah.

The commodity is used in a variety of ways, including the metallurgical and chemical industries and in refrigerators. A strategic metal in the US, the government there has taken steps to support the production of strategic domestic production of fluorite with geological support and the expediting of permits for the national important mineral. In the last two years, American Strategic Metals has been focused on proving and producing its Spore Mountain Lost Sheep mine. Additionally, both federal and state permits have been reactivated along with new drilling and geological work.

Critical raw material

"Fluorspar is classified by the European Commission as a critical raw material with a high risk of supply shortage and great impact on their economies," said Peter Wilson, CEO at Maxtech.

"The USA considers fluorspar as a strategic mineral, and China listed fluorspar as a strategic mineral in 2017.

"This acquisition will not only add revenues to the bottom line of the Maxtech quickly but help create for the company a global footprint of strategic metals: manganese, vanadium and fluorspar."

The due diligence process on the acquisition starts immediately and shall continue for 90 days until the signing of a definitive agreement between Maxtech Ventures and American Strategic Metals no later than December 15 this year.

It will be paid for via shares, the exact amount of which is yet to be decided.

Shares in Toronto eased 5.26% to C$0.18.

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Thu, 20 Sep 2018 10:18:00 -0400 https://ca.proactiveinvestors.com/companies/news/205355/maxtech-ventures-moves-into-fluorspar-as-it-s-poised-to-buy-american-strategic-metals-205355.html
<![CDATA[News - Maxtech Ventures makes another move in vanadium with Quebec acquisition ]]> https://ca.proactiveinvestors.com/companies/news/203322/maxtech-ventures-makes-another-move-in-vanadium-with-quebec-acquisition-203322.html Maxtech Ventures Inc (CSE:MVT) revealed it is set to buy the Lac Patu vanadium project in Quebec.

Under the option deal, Maxtech will pay Zimtu Capital Corp and Soraya Jamal C$185,000 and 3.25mln shares by 30 September 2020. Maxtech will also pay a 2% net smelter royalty (NSR) on production but have the option to buy back half the royalty for C$1mln.

The project consists of 72 mineral titles encompassing an area of 3,420 hectares on the brink of the Labrador Trough and consists of mineralised horizons of sedimentary terrain.

It is staked north and along the trend of Uranor's uranium discovery at Lac Minowean.

In 2009, Uranor and Areva Quebec Inc conducted a follow up versatile time domain electromagnetic (VTEM) survey over the area locating several targets, and only those with high radioactivity were drilled.

These nine holes found uranium, copper, cobalt and vanadium and values from drilling were reported as 8.03% vanadium (14.0% V2O5 - vanadium pentoxide), 1.76% cobalt and 1.50% copper over 0.5 meters.

Sample mining

Last week, Maxtech said it was preparing for sample mining at its Brasnorte project in Brazil after a university report on the Juina claims were 'extremely positive'.

Brasnorte is the firm's first project in Brazil and is a large land package of assayed high-grade manganese of 51.4% to 55.9% on four mineral claims of over 40,000 hectares in the Juina, in the state of Mato Grosso.

Maxtech is now waiting on final approval of the Brazil trial mining licence to begin mining and the  Guia process of the DNPM has been submitted.

The company recently received the operating licence and final environmental charges for the Guia which is a  clear indication the process is near completion, it said.

               

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Tue, 21 Aug 2018 09:28:00 -0400 https://ca.proactiveinvestors.com/companies/news/203322/maxtech-ventures-makes-another-move-in-vanadium-with-quebec-acquisition-203322.html
<![CDATA[News - Maxtech Ventures preparing for sample mining at Brasnorte project ]]> https://ca.proactiveinvestors.com/companies/news/203081/maxtech-ventures-preparing-for-sample-mining-at-brasnorte-project-203081.html Manganese-focused Maxtech Ventures Inc. (CSE:MVT) is preparing for sample mining at its Brasnorte project in Brazil after a university report on the Juina claims were 'extremely positive'.

Brasnorte is the firm's first project in Brazil and is a large land package of assayed high-grade manganese of 51.4% to 55.9% on four mineral claims of over 40,000 hectares in the Juina, in the state of Mato Grosso.

Maxtech received the final Juina claims geological review announced in March this year - a key element to the Guia process of the Brazilian Departamento Nacional de Produção Mineral (DNPM).

Final Approval

Maxtech is now waiting on final approval of the Brazil trial mining licence to begin mining and the  Guia process of the DNPM has been submitted.

The company recently received the operating license and final environmental charges for the Guia which is a clear indication the process is near completion.

The company, along with researchers from the University of Brasilia, conducted a geophysical campaign to identify anomalous geophysical patterns related to manganese occurrences on the four claims.

Notably, they identified manganese occurrences near to alkali granite bodies and manganese films were noted along the largest fractures.

In other news, Maxtech updated on its recently staked Vanadium claims in Maracas.

These lie next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

Maxtech told investors it would be sending an exploration team to Maracas to develop a comprehensive research report on the recent acquisition.

"When we allocate our resources they must bring the best possibility of near-term value and revenues to the company," said Peter Wilson, Maxtech chief executive on Thursday.

"This acquisition represents a fantastic early-mover position for us, in a proven vanadium district."

Maxtech shares advanced 3.57% in Toronto to C$0.14.

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Thu, 16 Aug 2018 09:25:00 -0400 https://ca.proactiveinvestors.com/companies/news/203081/maxtech-ventures-preparing-for-sample-mining-at-brasnorte-project-203081.html
<![CDATA[News - Maxtech Ventures making headway in Zambia as its large scale exploration licences are validated by mining minister ]]> https://ca.proactiveinvestors.com/companies/news/202129/maxtech-ventures-making-headway-in-zambia-as-its-large-scale-exploration-licences-are-validated-by-mining-minister-202129.html Maxtech Ventures Inc (CSE:MVT, OTC:MTEHF) is making headway in Zambia, saying its two large-scale exploration licences filed in the African country have been validated by the relevant government department.

The first large-scale exploration license is for an area of interest claim in the Mukambala area within the Mkushi District of the Central Province.

The second is for a large-scale exploration license is in the Kabamba area within the Masaiti & Mkushi Districts of the Copperbelt and Central Provinces, the company added.

READ: Maxtech Ventures casts its eye on Zambia in quest to uncover manganese: a critical, irreplaceable and totally ignored mineral

As reported in May, the firm believes two specific license areas have shown the potential for high-grade manganese mineralization with grades up to 70% Mn (manganese) as well as vanadium from initial research prepared by the firm's Zambian-based geology team, GeoQuest.

The exploration licenses submitted to the Minister of Mines have detailed exploration and production outlines up to four years covering cobalt, vanadium, nickel and copper mining rights on the areas.

GeoQuest, based in Lusaka, will begin the preparation of an EPB (Environmental Project Brief).

It will begin sampling the properties for manganese and vanadium mineralisation, the current status of formal mining activities in the area, the extent-status of any artisanal mining and if necessary, further secure the areas for the firm.

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Thu, 02 Aug 2018 11:06:00 -0400 https://ca.proactiveinvestors.com/companies/news/202129/maxtech-ventures-making-headway-in-zambia-as-its-large-scale-exploration-licences-are-validated-by-mining-minister-202129.html
<![CDATA[News - Maxtech Ventures unveils latest move into vanadium space with GeoXplor Corp tie-up ]]> https://ca.proactiveinvestors.com/companies/news/201572/maxtech-ventures-unveils-latest-move-into-vanadium-space-with-geoxplor-corp-tie-up-201572.html Maxtech Ventures Inc's (CSE:MVT) vanadium activity has taken another pace  - as the group  announced a new tie-up with - a top tier mining consult.

The new strategic alliance is focused on identifying North American vanadium claims for a new Maxtech subsidiary.

"We are delighted to be associated with "Maxtech" in its pursuit of high quality USA domestic Vanadium properties in this undeniable present, and future, strategic commodity," said Clive Ashworth, the chief executive at GeoXplor Corp.

READ: Maxtech Ventures set to acquire two vanadium mineral claims in Brazil

Peter Wilson, chief executive at Maxtech Ventures, said: "The new vanadium subsidiary of Maxtech will operate independently of the company's manganese projects.

"GeoXplor has a stellar reputation in energy metals and we hope that this endeavor will create a successful subsidiary for the Company and create the leading junior vanadium explorer in the continental U.S.A."

GeoXplor was key to developing the lithium brines in the famous Clayton Valley region and were the operators of the Pure Energy Minerals' Clayton Valley South project.

READ THE BIG PIC: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

Two days ago, Maxtech updated on activity in Brazil, saying it had filed paper work for the acquisition of two vanadium mineral claims in the state of Bahia.

The resource group also said it had established a vanadium exploration research team.

The claims referred to lie next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

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Wed, 25 Jul 2018 10:09:00 -0400 https://ca.proactiveinvestors.com/companies/news/201572/maxtech-ventures-unveils-latest-move-into-vanadium-space-with-geoxplor-corp-tie-up-201572.html
<![CDATA[News - Maxtech Ventures set to acquire two vanadium mineral claims in Brazil ]]> https://ca.proactiveinvestors.com/companies/news/201340/maxtech-ventures-set-to-acquire-two-vanadium-mineral-claims-in-brazil-201340.html Maxtech Ventures Inc (CSE:MVT) updated on activity in Brazil Monday, saying it had filed paper work for the acquisition of two vanadium mineral claims in the state of Bahia.

The resource group also said it had established a vanadium exploration research team.

The claims referred to above are next to the producing Maracas Menchen vanadium mine and the Campbell pit deposit, which is being developed by Toronto-listed Largo Resources (TSE:LGO).

Largo aims to produce vanadium flake, high-purity vanadium flake and high-purity vanadium powder.

The two claims were submitted to the relevant government department in Brazil on July 20 this year.

Together, they encompass 3,500 hectares and lie in the eastern Bahia state of Brazil, which is around 250km southwest of Salvador and 813 km northeast of the capital of Brazil in Brasilia near the city of Maracas.

Maxtech also said in today's release it was forming a vanadium exploration research team to work on identifying further potential vanadium mineralization deposits in other Brazilian areas of interest where the company has established high-grade manganese assets.

Maxtech is currently  finalizing a due diligence review program and will be organizing its local geological team to conduct a research report on the claims once approval of its filings is granted.

"The new generation of batteries being manufactured are establishing manganese and vanadium as the strategic tech minerals of the future," said Peter Wilson, the chief executive at Maxtech.

"The vanadium mineralization observed and successfully mined in the area by Largo Resources and our current operations in Brazil made Bahia a logical step for Maxtech.

"We look forward to acquiring additional claims with potential vanadium mineralization in other jurisdictions as well."

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Mon, 23 Jul 2018 08:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/201340/maxtech-ventures-set-to-acquire-two-vanadium-mineral-claims-in-brazil-201340.html
<![CDATA[News - Maxtech Ventures hires Peak as strategic advisor ]]> https://ca.proactiveinvestors.com/companies/news/200592/maxtech-ventures-hires-peak-as-strategic-advisor-200592.html Maxtech Ventures Inc (CSE:MVT) has hired Australian-boutique Peak Asset Management as its strategic adviser to identify growth opportunities for high-grade manganese and vanadium.

Peak and its team have a long track record of backing corporate deals and their  investment experience spans over 50 years, with prominent positions at firms such as Macquarie Bank, Bell Potter Securities and Goldman Sachs.

"Peak is extremely excited to be working alongside Maxtech and its team, driving additional value for the company," said Peak founder Niv Dagan.

"We are impressed with the company's underlying assets in Brazil and Zambia and see a significant opportunity to leverage off our strong presence in Australia and Asia to attract strong strategic interest."

Peak has been appointed for an initial term of six months.

In return, it will be entitled to 300,000 options to acquire shares in Maxtech at an exercise price of C$0.30 and a further 300,000 options exercisable at C$0.50 and an 8% capital raising fee on any capital raised.

 

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Wed, 11 Jul 2018 09:22:00 -0400 https://ca.proactiveinvestors.com/companies/news/200592/maxtech-ventures-hires-peak-as-strategic-advisor-200592.html
<![CDATA[News - Maxtech Ventures casts its eye on Zambia in quest to uncover manganese: a critical, irreplaceable and totally ignored mineral ]]> https://ca.proactiveinvestors.com/companies/news/198739/maxtech-ventures-casts-its-eye-on-zambia-in-quest-to-uncover-manganese-a-critical-irreplaceable-and-totally-ignored-mineral-198739.html Maxtech Ventures Inc (CSE:MVT) announced today that it is expanding its footprint with a proposed new venture in Zambia, alongside Maxtech Mining Zambia Ltd (MMZL).

What are they looking for? It’s a little talked about, absolutely essential ingredient in steel and also widely used as a battery component: manganese.

Manganese has been deemed a “critical mineral” by the United States Geological Survey, in light of the fact that not only is the US dependent on manganese, most of the world’s manganese is produced by very few countries.

READ: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

In short, it’s essential to the economy.

“Manganese is an irreplaceable element used in steel production but the critical upside will come from clean-renewable energy applications such as electricity grid storage and the battery industry where it is used to produce batteries for electric vehicles,” said Maxtech Ventures’ chief executive Peter Wilson.

MMZL has put forth applications for large scale exploration licenses in two areas – for now. The first area of interest submitted is a 63 sq/km claim in the Mukambala area within the Mkushi District of the Central Province.

The second? A 73 sq/km claim within the Masaiti & Mkushi Districts of the Copperbelt and Central Provinces.

“MMZL exploration licenses submissions are just the start of our African activities. We are presently researching opportunities in Namibia, and Zimbabwe to add to our expansion plans this quarter,” said Wilson.

The company said the exploration licenses submitted cover (in addition to manganese) mining rights to iron, cobalt, vanadium, nickel, copper, zinc, lead, gold and chromium on the areas.

Working with local consultants

Wilson said once approvals have been granted for the large scale exploration licenses, MMZL, will continue to utilize the services of Lusaka based geological/exploration consultants GeoQuest Limited.

The company will conduct exploration work that will focus on the search for, and evaluation of, commercially viable quantities and grades of manganese ore.

“In Zambia we are negotiating with joint venture opportunities who do not have the same off-take and strategic relationships we already have,” said Wilson. “It is an easy location from which to ship both to India and China, which have a strong growing demand for the metal.”

Wilson said the company will file for new mining licenses if initial results are strong. The estimated budget of the project (years 1-4) is between US$1mln and $3mln, depending on results and speed of work.

For now, Wilson is poised to capitalize on the ignored mineral: one could say he’s looking left when everyone seems to be looking right.

Maxtech shares were unchanged at C$0.30 each.

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Wed, 13 Jun 2018 07:52:00 -0400 https://ca.proactiveinvestors.com/companies/news/198739/maxtech-ventures-casts-its-eye-on-zambia-in-quest-to-uncover-manganese-a-critical-irreplaceable-and-totally-ignored-mineral-198739.html
<![CDATA[News - Maxtech Ventures "very close" to green light to start mining at Mato Grosso ]]> https://ca.proactiveinvestors.com/companies/news/197125/maxtech-ventures-very-close-to-green-light-to-start-mining-at-mato-grosso-197125.html Manganese-focused Maxtech Ventures Inc (CSE:MVT) is "very close" to  obtaining final approval to start initial mining at its flagship properties in Mato Grosso, Brazil.

In an operational update,  Maxtech said it had received the final Juina claims geological review earlier this year, which is the key element to the Guia (or trial mining) process of the relevant Brazilian authorities.

"We are pleased to share these operational updates for our flagship properties in Brazil," said Peter Wilson, chief executive at Maxtech Ventures.

"We are very close to obtaining final approval to commence initial mining operations in Mato Grosso, where we currently have four claims totaling 40,000 hectares.

"These claims contain numerous manganese occurrences, discovered through reconnaissance prospecting, and we are progressing well within the timeframe we have set to ramp up a full mining plan."

As previously noted, at the Brasnorte project, mean levels obtained on the claim were over 50% manganese metal.

In cooperation with the University of Brasilia and the Instituto de Geosciencias, Maxtech has engaged students, professors and accompanying geologists to begin work immediately on the firm's additional claims in order to begin fast-tracking additional applications for trial mining licenses (Guia) for the Brasnorte project, Maxtech said in the regulatory filing.

It's been a  busy period for the firm. Earlier this month, it said it had filed for two large-scale exploration licences in Zambia, where there was the potential for high grade manganese.

The licences have detailed exploration and production outlines for up to four years, covering cobalt, vanadium, nickel and copper mining rights.

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Wed, 16 May 2018 10:34:00 -0400 https://ca.proactiveinvestors.com/companies/news/197125/maxtech-ventures-very-close-to-green-light-to-start-mining-at-mato-grosso-197125.html
<![CDATA[News - Maxtech Ventures eyeing high grade manganese as it files for exploration licences in Zambia ]]> https://ca.proactiveinvestors.com/companies/news/196569/maxtech-ventures-eyeing-high-grade-manganese-as-it-files-for-exploration-licences-in-zambia-196569.html Maxtech Ventures Inc (CSE:MVT) told investors it has filed for two large-scale exploration licences in Zambia, where there is the potential for high grade manganese.

The licences have detailed exploration and production outlines for up to four years, covering cobalt, vanadium, nickel and copper mining rights.

READ: Maxtech Ventures bolsters Brazilian manganese aims with new joint venture for Goias state

"Zambia is a world class mining jurisdiction," Peter Wilson, chief executive of Maxtech, said.

"Applying for our first wholly owned license areas is in step with creating a larger manganese footprint utilising our global strategic relationships and potential offtake partners in foreign markets."

The two areas have already demonstrated the potential for high-grade manganese mineralisation with grades up to 70% as well as for vanadium from initial research by Maxtech's Zambian-based geology team, GeoQuest.

Geoquest will manage all the firm's operations on the ground in Zambia.

Work will initially focus on searching for commercially viable quantities and grades of manganese ore with a view to applying for mining licenses as quickly as possible.

Subsidiary Maxtech Zambia lies in Lusaka and registered as an exploration and quarrying company and has begun operations.

Last month, the manganese focused group revealed that its aims in Brazil had been bolstered after it inked a joint venture with Fabio Cardoso Carneiro and Daniel Geyerhahn of Goldmen Resources Brazil (FCD) in the state of Goias.

READ THE BIG PIC - Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

It means Maxtech will be able to access projects currently controlled by FCD and or currently under negotiation. It is currently evaluating several new FCD claims.

The state is reportedly due to receive foreign investments of US$730mln during 2017-2018 in mining projects.

The total figure, about US$450mln, will be invested by giants like AngloGold Ashanti (JSE:ANG), Anglo American (LON:AAL), Codelco, China Molybdenum Corp (CMOC), Vale and Yamana.

Goias is home to large mineral developments such as Anglo American's Barro Alto and Codemin ferronickel operations, Yamana's Chapada gold mine, and Vale's Catalao fertilizer complex, among others.

Maxtech shares ticked up in Toronto 1.28% to C$0.40.

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Tue, 08 May 2018 09:22:00 -0400 https://ca.proactiveinvestors.com/companies/news/196569/maxtech-ventures-eyeing-high-grade-manganese-as-it-files-for-exploration-licences-in-zambia-196569.html
<![CDATA[News - Maxtech Ventures bolsters Brazilian manganese aims with new joint venture for Goias state ]]> https://ca.proactiveinvestors.com/companies/news/194760/maxtech-ventures-bolsters-brazilian-manganese-aims-with-new-joint-venture-for-goias-state-194760.html Maxtech Ventures Inc's (CNSX:MVT) manganese aims in Brazil have been bolstered after it inked a joint venture with Fabio Cardoso Carneiro and Daniel Geyerhahn of Goldmen Resources Brazil (FCD) in the state of Goias.

It means Maxtech will be able to access projects currently controlled by FCD and or currently under negotiation. It is currently evaluating several new FCD claims.

READ: Maxtech’s high-grade pure-play manganese offering is one of a kind in a potentially very lucrative market

The state is reportedly due to receive foreign investments of US$730mln during 2017-2018 in mining projects.

The total figure, about US$450mln, will be invested by giants like AngloGold Ashanti (JSE:ANG), Anglo American (LON:AAL), Codelco, China Molybdenum Corp (CMOC), Vale and Yamana.

Goias is home to large mineral developments such as Anglo American's Barro Alto and Codemin ferronickel operations, Yamana's Chapada gold mine, and Vale's Catalao fertilizer complex, among others.

"Maxtech and Maringa Ferro visited FCD in Goias last September, joining forces with FCD, [and] exploring for manganese together seemed like a natural transition," said Peter Wilson, chief executive at Maxtech.

"Building an accomplished team in Brazil especially in the strong mining jurisdiction of the state of Goias increases the potential to find larger manganese resources throughout Brazil and is pivotal to growing our pure play manganese exploration status."

Brazil joint-venture

Last month, Maxtech revealed it may form a  joint venture to explore 40,000 hectares in the state of Para, Brazil.

The potential partner is Andorra Participacoes and the firm is already organising a site visit with Andorra and MLB Mining Brazil, Maxtech's in-country manager.

The areas of interest lie in the Teles Pires River basin in the southwest portion of the state and the claims have geological structures in three main directions, the firm said.

The LOI (letter of intent) is effective for 120 days, closing no later than June 23 this year.

Shares added 3.7% in Toronto to 42 cents.

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Wed, 11 Apr 2018 09:34:00 -0400 https://ca.proactiveinvestors.com/companies/news/194760/maxtech-ventures-bolsters-brazilian-manganese-aims-with-new-joint-venture-for-goias-state-194760.html