Auxico Resources Canada Inc.

Auxico Resources Canada announces that its annual consolidated financial statements for the year ended Sept 30, 2021, including the related management discussion and analysis, and CEO and CFO certifications will not be filed by the required filing deadline of January 28, 2022. The Annual Financial Filings will not be filed on or before the Filing Deadline due to the fact that there have been delays in receiving certain [...]

Auxico Resources Canada Inc. is pleased to announce that it has closed a non-brokered private placement, issuing a total of 1,476,000 units at a price of $1.20 per Unit raising gross proceeds of $1,771,200. This Private Placement is the first tranche of a $3,000,000 financing authorized by the Board of Directors of Auxico. Each Unit consists of one common share of the Company and one-half of one common share purchase [...]

Auxico Resources Canada Inc. is pleased to announce that it has entered into a Memorandum Of Understanding with the Brazilian mining cooperative Cooperativa Estanífera de Mineradores da Amazônia Legal, with regard to the exploitation and commercialization of rare earths from the tin tailings originating from deposits located over an estimated area of 18,000 hectares in Masangana, counties of Ariquemes and Monte Negro, in [...]

Auxico Resources Canada Inc. is pleased to announce the acquisition of the surface rights to 1,293 hectares of land titled Agualinda, located in the municipality of Puerto Carreño, in the department of Vichada. The land adjoins the Mynastic property which the Company purchased in December 2020. The Mynastic property has been the subject of several previous news releases announcing the discovery of rare earths, tantalum [...]

Auxico Resources Canada Inc. is pleased to announce that the Company plans to build a 10,000 square metre rare earth refining facility in the free-trade zone in the city of Santa Marta, Colombia, capable of processing 36,000 tonnes of ore per year. The Company signed a lease agreement with an option to purchase four lots of land within the Zona Franca Tayrona industrial park. The estimated Capex for the refinery is [...]

Auxico Resources Canada Inc. is pleased to announce the discovery of platinum group metals in samples from the Company-controlled property in the department of Vichada, Colombia, and the optioned property in Ivory Coast. The samples from Colombia were taken within the first meter from the surface, above the rare earth occurrences that the Company previously announced, containing a total rare earth oxide content exceeding [...]

Auxico Resources Canada Inc. is pleased to announce additional results of a recent sampling program that was conducted by the Company's Qualified Person, Joel Scodnick, P.Geo, on the Company-controlled property in the department of Vichada, in Colombia. Recent sample result confirmed a total rare earth oxide content of 59.70%, as presented in the table below. This new sample is a 2.5 kilogram composite bulk concentrate [...]

Auxico Resources Canada Inc. is pleased to announce the initial results from a 15-pit sampling program carried out by the Company's Qualified Person, Joel Scodnick, P.Geo., on the Company-controlled property in the department of Vichada in Colombia. The initial four concentrate samples had a Total Rare Earth Oxide content exceeding 61%, as presented in the table below. Sample numbers S00357795 and S00357796 were selected [...]

Auxico Resources Canada Inc. announces that it granted 510,000 stock options to consultants to the Company. These options have a strike price of $1.26, no vesting period and an expiry date of September 1, 2026. Auxico Resources Canada is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil, Mexico and [...]

Auxico Resources Canada is pleased to announce new test results that confirm the presence of high-grade rare earth metals at a distance of 1.6 kilometres from the initial discovery point on the Company-controlled property in the department of Vichada in Colombia. For reference, please see the new results under Sample #1 in the table below with a total rare earth oxide content of 55.03%. Results from the initial discovery [...]