Metalex Ventures Ltd.

Metalex Ventures Ltd. is pleased to announce that it has identified ilmenite to be the source of the highly anomalous scandium on its 100% owned claims 100km southeast of Chibougmau, Quebec, which are close to highway 167. Metalex collected 8,698 heavy mineral samples covering an area of over 250,000km2. As was recently announced the heavy, non-magnetic concentrate with the highest scandium as measured in both micrograms [...]

Further to news releases on December 11 and 17, 2020, Metalex Ventures Ltd. is pleased to announce the closing of the final tranche of its private placement, resulting in gross proceeds of $1,219,560. This tranche of the Placement consisted of the issuance of 1,188,235 flow through shares and 15,979,427 non flow through units. The Shares were sold at a price of $0.085 per Share and the Units were sold at a price of $0.07 [...]

Further to news releases on December 11 and 17, 2020, Metalex Ventures Ltd. is pleased to announce the closing of the third tranche of its private placement, resulting in gross proceeds of $530,500. This tranche consisted of the issuance of 2,700,000 flow through shares and 4,300,000 non flow through units. The shares were sold at a price of $0.085 per share and units were sold at a price of $0.07 per unit; each unit is [...]

Further to news releases on December 11 and 17, 2020, Metalex Ventures Ltd. is pleased to announce the closing of the second tranche of its private placement, resulting in gross proceeds of $1,069,400. This tranche consisted of the issuance of 12,004,706 flow through shares and 700,000 non flow through units. The shares were sold at a price of $0.085 per share and units were sold at a price of $0.07 per unit; each unit is [...]

Further to news releases on December 11 and 17, 2020, Metalex Ventures Ltd. is pleased to announce the closing of the first tranche of its private placement, resulting in gross proceeds of $309,000. This tranche consisted of the issuance of 3,270,587 flow through shares and 442,857 non flow through units. The shares were sold at a price of $0.085 per share and units were sold at a price of $0.07 per unit; each unit is [...]

Further to its news release of December 11, 2020, Metalex Ventures Ltd. announces that the Offering has been increased to a total of up to $3,000,000 from an initial amount of up to $1,200,000. All other terms of the Offering remain the same. Due to the amount of interest shown in the Offering, the Company has, for the foreseeable future, abandoned any plans to roll back the stock. Signed, Charles Fipke Charles Fipke [...]

Metalex Ventures Ltd. announces that it intends to carry out a private placement to raise up to $1,200,000. The Offering is made up of a combination of flow through shares at a price of $0.085 per FT Share and non-flow through units at a price of $0.07 per unit. Each Unit is comprised of one non-flow through common share and one-half of one share purchase warrant, with each whole warrant exercisable at a price of $0.10 [...]

Metalex Ventures Ltd. announces has agreed to acquire a promising diamond exploration project in South Africa. Metalex has reached an agreement to acquire an interest in the 3,373 hectare Viljoenshof prospecting license from Invest in Property 126 Ltd "IIP". The license area, within 30 kilometres of the famous Kimberley Diamond Mines, is last known to have been explored by DeBeers in the 1960's, with two kimberlite pipes [...]

Metalex Ventures Ltd. has been exploring for gold, base metals and diamonds in southern to central Quebec since 2002 and to date 8,579 heavy mineral samples have been collected and analyzed from a survey area of over 250,000 square kilometres. Forty-nine high priority gold anomalies, containing both anomalous concentrations and physical amounts of gold, have been identified within the survey area. These anomalies are [...]

Metalex Ventures Ltd. announces that it has reached an agreement with an arms-length private entity to sell the Company's 62.5% interest in certain metal focused mineral claims in the Ring of Fire region of the James Bay Lowlands, Ontario. As consideration the Company is to receive 2,780,000 common shares which is approximately a 29% ownership interest in the private entity. Neither TSX Venture Exchange nor its Regulation [...]