Axmin Inc. Ticker Symbols: (CDN -AXM & US - AXMIF)
@axmininc
AXMIN is a Canadian-based gold exploration company with projects in the Central African Republic (“CAR”), and a royalty agreement with Teranga Gold in Senegal. The royalty income from the Gora deposit in Senegal has allowed the company to become both profitable and cash flow positive during recent years due to managements’ actions to reduce costs and improve the Company’s balance sheet. The main focus of Axmin at this time is to develop the Passendro Gold Project in the CAR as soon as the security situation in country allows it. While the situation remains difficult, the management of Axmin is starting to see positive developments in the CAR. The Company believes that the duly elected government working with MINUSCA will in time bring stability to the country and specifically to the region around Ndassima where the main asset is located. Management remains in close communication with the senior ministers and officials of the government both in Bangui and locally in Bambari and look forward to the time when the Company may reclaim the site to become operational again. http://www.axmininc.com/
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN announces the granting of stock options to directors, officers and advisors of the Company for an aggregate of 3,750,000 stock options of the Company exercisable
AXMIN Announces Financial Results for the Three Months Ending March 31, 2019 and Recent Operational Highlights--Vancouver, British Columbia--(Newsfile Corp. -...
The Minister in charge of Mines and Geology, Leopold MBOLI FATRAN conferred on 17 April in Bangui with the Vice Governor of the Chinese Province of FUJIAN on a working visit of a few days in the Central African Republic.
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company") AXMIN releases highlights from its Annual Report for the year ended December 31, 2018, which has been filed on SEDAR (amounts are in U.S. dollars).2018 highlightsFinancial:Revenue of $1.5 million (2017: $1.6 million);Net Income of $1.5 million (2017: $1.2 million);Shareholder Equity $0.9 million (2017: deficit $1.2 million)Cash balance of $1.0 million (2017: $1.1 million);Operational:Senegal with Teranga Gold Corporation (Teranga)NSR ...
Bangui, Centrafrique, (ADV) - Plusieurs déplacés et réfugiés reviennent dans leurs zones respectives depuis février, suite à l’accalmie observée après l’accord de paix signé entre le gouvernement et les groupes armés du pays. A un mois de la signature de l’accord de paix entre le go
Central African Republic: Return of displaced people observed in several cities after Khartoum peace agreement
Axmin Inc. is a Canadian company operating in the gold sector in the Central African Republic for an industrial mine.
•
Gold exploration and exploitation object
• Legal basis
Convention signed on 27/01/2006 with the Central African State for a period of 25 years.
License to mine the Passendro Gold Mine: Somio Toungou (357km²) awarded by Decree No. 10.231 of August 05, 2010.
Research Permit: Bambari 1 & 2 (913km²) awarded by Decree No. 10.233 of August 07, 2010, of which objective is to increase the resources and extend the duration of mine operation.
• Location: Prefecture of OUAKA (Bambari)
• Work done
Somio Toungou - Feasibility studies completed but need for a re-evaluation of the resources at the restart of the project.
Aurafrique: geophysics, drilling research (DD, RC, etc.)
• Current situation
After a suspension of activities since the year 2012 for reasons of "Force Majeure" Axmin Inc. - RCA has brought together all administrative conditions for the resumption of its activities.
She is currently waiting for deployment.
• Outlook
Construction of infrastructure for an industrial gold mine.
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