Tillkännagivande • Apr 25
Cantex Mine Development Corp Provides Update On Metallurgical Test Work Program Cantex Mine Development Corp. started the metallurgical program in January 2026, which was designed to evaluate pre-concentration by X-Ray Transmission sorting, mineralogy, comminution characteristics, etc. for three composites that cover different mineralization types in the deposit. The three composites were selected to represent the range of mineralization styles seen across both the strike length and depth extent of the mineralization. The composites consist of half split HQ drill core. Oxide Composite. High Grade Sulphide Composite. Low Grade Sulphide Composite. The testwork program was split into 2 components: sorting test work to identify opportunities to pre-concentrate mill feed, conducted at Base Met Labs, and the conventional processing testwork conducted at ALS Kamloops Metallurgy, an independent metallurgical laboratory specializing in base and precious metal process development. Sorting amenability was carried out on a sample of 100 pieces of drill core which covered a range of lead, zinc, silver, and sulphur grades and included samples from all 3 zone types currently under testing. The results confirmed excellent differentiation between mineralization-rich rock and barren host rock, achieving strong pre-concentration performance across the tested size fractions. Core samples from multiple mineralized zones were subjected to sensor-based sorting using X-ray transmission (XRT) technology. XRT is a technology that differentiates rocks based on atomic density. As such, it is able to discern dense silver-lead-zinc-germanium bearing rocks from lighter unmineralized country rock. In this test, the individual pieces of drill core measured approximately 10cm in length. The curve demonstrates that 95.0%, 97.8%, and 97.9% of the silver, zinc, and lead report to a concentrate stream containing 70% of the mass. Tillkännagivande • Jan 29
Cantex Mine Development Corp. Commences Metallurgical Study, Plan for 2026 Drilling At North Rackla Projects in Yukon, Canada Cantex Mine Development Corp. provided a summary of its 2025 program on its 100%-owned 14,077 hectare North Rackla claim block in the Yukon. Cantex has commenced a metallurgical test work program on its Massive Sulphide project. The Company has engaged JDS Energy and Mining Inc. to manage the metallurgical testwork program under the supervision of senior metallurgist Shane Tad Crowie, PEng. Drilling at the Massive Sulphide project continues to extend the strike length of the mineralization. Just before the end of the 2025 drill season the first of a series of holes was completed to test a 150m step out of the mineralization to the northeast. This hole, testing the shallow portion of the strike, successfully intersected sulphide mineralization. Samples on the mineralization have been submitted to test their germanium content. Additional deeper drilling from this pad is planned for the start of the upcoming season. The drill has been winterized and remains on the pad for this work. Results for this drilling are awaited. Copper Project: The Copper Project was discovered by prospecting a soil-talus anomaly on the western side of the North Rackla property. Initial drilling intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper. This was followed up with drilling early in the 2024 field season where results included 2.9 metres of 4.54% copper in hole YKDD24-287. Drilling in 2025 was designed to test for significant strike extensions to the previously discovered mineralization. Several anomalies detected by a ground geophysical induced polarization/conductivity survey were tested. Significant copper mineralization has not yet been intersected. Regional Anomalies in North Rackla: During the 2025 field season work was conducted on several other areas within the claim block. This included the start to drill testing at the B43 base metal anomaly. Grab samples previously collected while prospecting the B43 anomaly. Three holes were drilled before the end of the season. Results for these holes are awaited. The 2026 drill program will have two main priorities. The first is to continue extending the strike length of the Main Zone mineralization. The second is to test a number of new targets within the North Rackla claim block. Rock samples collected at surface have shown elevated gold, silver, copper, lead and zinc values. A new, lightweight, heli-portable drill rig is being constructed to be used for the regional target testing. This drill is to be ready for the start of the drill season. Summary: Cantex looks forward to a productive drill season on its North Rackla project. Work will be undertaken not only on the advanced Massive Sulphide Project but also selected targets within the broader claim block. The high silver price is significant for Main Zone, which contains up to 232 g/t silver and GZ Zone, which contains up to 363 g/t silver. Several areas within Cantex's large 15km by 15km North Rackla claim block contain highly anomalous surficial gold mineralization. It is hoped that Cantex will be able to extend this mineralization to depth with the newly constructed drill. Sample Preparation, QA and QC: The rock and soil–talus samples are sent to C.F. Mineral Research Ltd., an ISO 9001 accredited laboratory owned by Dr. Charles Fipke, where they are pulverized and prepared for analysis including the insertion of standards. ALS Chemex in Vancouver analyzed the samples using a four–acid digestion with an ICP–MS finish. The 48 element ME–MS61 technique was used to provide a geochemical signature of the mineralization. Where lead, zinc or copper values exceeded one percent the Pb–OG62, Zn–OG62 or Cu–OG62 techniques were used. These have upper limits of 20% lead, 30% zinc and 50% copper, respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb–VOL70 and Zn–VOL50. Where silver samples exceeded 100 g/t the Ag–OG62 technique was used which has an upper limit of 1,500 g/t. Where silver values exceeded 1,500 g/t the Ag-GRA22 technique was used. Tillkännagivande • Jan 13
Cantex Mine Development Corp., Annual General Meeting, Mar 17, 2026 Cantex Mine Development Corp., Annual General Meeting, Mar 17, 2026. Tillkännagivande • Aug 16
Cantex Mine Development Corp. announced that it has received CAD 5.282392 million in funding from 0974052 BC Ltd., Crescat Capital LLC On August 15, 2025, Cantex Mine Development Corp. closed the transaction. The company issued 1,64,93,333 hard dollar units at a price CAD 0.21 per share for gross proceeds CAD 3,463,599.93. The company issued aggregate of 21,333,332 charity flow through units at CAD 0.21 per CFT Unit and 5,731,372 hard units at CAD 0.14 per Unit for total gross proceeds of CAD 5,282,391.80. The Company paid CAD 151,969 in finders fees and issued 1,067,996 non-transferable finder's warrants to certain finders on this closing for their assistance in identifying back-end purchasers for the charity flow through offering and for identifying purchasers of Units. Tillkännagivande • Jul 12
Cantex Mine Development Corp. announced that it expects to receive CAD 3 million in funding from 0974052 BC Ltd. Cantex Mine Development Corp announced a non-brokered private placement to raise gross proceeds of up to CAD 3,000,000 on July 11, 2025. The Offering will be comprised of a combination of charity flow through units ("CFT units") and hard units ("Units") for total gross proceeds of up to CAD 3,000,000. The CFT units will be priced at CAD 0.21 per unit, with each CFT unit comprised of one flow through share and one non-flow through warrant. Units will be priced at CAD 0.14 per unit, with each Unit comprised of one common share and one nonflow through warrant. Each whole warrant issued in connection with either a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of CAD 0.21 for a term of three years. The transaction will include 0974052 B.C. Ltd. ("BC Ltd"), a company over which Charles Fipke, will be subscribing for 3,571,429 Units for a total subscription price of CAD 500,000. The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. The Offering remains subject to the acceptance of the TSX Venture Exchange. Tillkännagivande • Apr 24
Cantex Mine Development Corp. Plans Drilling for Gold and Silver-Lead-Zinc-Germanium Projects at North Rackla, Yukon, Canada Cantex Mine Development Corp. provided the exploration plans for 2025 on its 100%-owned 14,077 hectare North Rackla claim block in the Yukon. Cantex's directors continue to be impressed with the scale and grade of the mineralization at the Massive Sulphide project. Drilling in 2024 brought the drill confirmed strike length to 2.65 kilometres and continued to intersect high grade mineralization such as hole YKDD24-315 which intersected 15 metres of 62 g/t silver, 3.49% lead, 19.38% zinc and 117 g/t germanium. The mineralization is open both along strike and to depth, with the deepest intercept occurring at 700 metres depth where hole YKDD20-163 contained a 23.67 metre true width of 24 g/t silver, 2.31% lead and 5.84% zinc. Drilling this season will focus on further expanding the mineralization. Cantex is also initiating metallurgical test work on the Massive Sulphide mineralization. The coarse grained, high grade nature of the mineralization suggests that concentration on site may not require flotation. This would eliminate hazardous tailings and minimize the environmental impact of mining at North Rackla. G67 consists of a gold-arsenic soil-talus anomaly approximately 950 metres long and of irregular width of between 40 and 550m (averaging about 200m) underlain by Proterozoic dolostones. Rock samples from this anomaly have contained up to 39.60 g/t gold. G14 Silver-Copper Anomaly G14 is an irregular (990 x 75m) anomaly which contains consistently high silver and copper values. Results from selected rock samples from this anomaly are presented in the table below. Sample Gold Silver Copper Lead Zinc, g/t g/t g/t gold. Samples from this anomaly have contain up to 39.60 g /t gold. Tillkännagivande • Apr 15
Cantex Mine Development Corp. Provides an Update on Its 100% Owned 14,077 Hectare North Rackla Claim Block in the Yukon Cantex Mine Development Corp. provided an update on its 100%-owned 14,077 hectare North Rackla claim block in the Yukon. Cantex's directors are pleased to provide a summary of the germanium results received from the Company's Massive Sulphide project in the Yukon, Canada. Since its discovery, the Massive Sulphide project contains silver, lead and zinc values amongst the highest found in North America. More recently the presence of the key critical element germanium in elevated levels has been detected. As first reported on February 9th of 2023, laser ablation inductively coupled mass spectroscopy (LA-ICPMS) studies of zinc sulphide grains (sphalerite) from the project identified significant enrichment of the Critical Element germanium. Additional LA-ICPMS analyses of sphalerite confirmed the high germanium contents over 2.35 kilometres (1.5 miles) of drill tested strike length at the Main Zone and also at the adjacent GZ Zone. At the Main Zone 595 sphalerite analyses from 97 intercepts were tested and these intercepts averaged 654 grams per ton of germanium. As expected, there is a strong correlation between germanium content and zinc grade, as it is the sphalerite (zinc sulphide) grains that contain germanium. Core with higher zinc content typically has higher germanium content. The presence of galena, or other non-ore minerals in the core dilutes the sphalerite, and thus decreases the germanium content. However, in a sphalerite concentrate, the germanium grade will approach that found in the LA-ICPMS analyses: 654 g/ton in the Main Zone and 521 g/ton in the GZ Zone. This bulk analytical method does have the advantage of being quicker, less costly, and provides a better average of thousands of sphalerite grains in a single analysis. For the 2024 drill program Cantex completed bulk germanium analyses on all mineralized intercepts. This work has confirmed the presence of high grade silver-lead-zinc-germanium values over a drill confirmed strike length of 2.65 kilometres (1.65 miles). Germanium Market: In recent times germanium has entered the global spotlight. This is due to the combination of its importance in the manufacture of several modern technologies, some of which have military applications, and the lack of a significant western germanium source. 76% of the world's germanium resources are located in Russia and China. 82% of refined germanium production is in China. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one% the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The over limit analyses contributed to delays in receiving final assay results. For germanium analyses completed on individual sphalerite grains a piece of split core approximately 15cm in length containing sphalerite was selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electronic microscope to select sphalerites for analysis. The samples were then sent to the University of British Columbia Okanagan for germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as standards. A 100 micron spot size were used as standards. The over NIST610 and 612 Reference materials were used as standards. Tillkännagivande • Feb 13
Cantex Mine Development Corp. Receives Germanium Results of Up to 180g/t from Drilling at the Silver-Lead-Zinc North Rackla Project, Yukon, Canada Cantex Mine Development Corp. provided an update on its 100%-owned 14,077 hectare North Rackla claim block in the Yukon. Cantex's directors are pleased to report bulk germanium results from the 2024 drilling program. Germanium analyses were completed on all intercepts with elevated silver-lead-zinc analyses. The 180 g/t germanium was in a 2.53 metre intercept in hole YKDD24-320 which also contained 93 g/t silver, 11.43% lead and 32.68% zinc. It was within a larger 6.09 metre mineralized zone which contained 98 g/t germanium, 53 g/t silver, 6.01% lead and 19.47% zinc. Hole YKDD24-315 had a high-grade intercept of 9 metres of 171 g/t germanium with 96 g/t silver, 5.27% lead and 28.81% zinc. This was within a 15 metre interval containing 117 g/t germanium., 62 g/t silver, 3.49% lead and 19.38% zinc. These results, along with other highlights from the 2024 drilling are presented in Table 1. Germanium Market: After announcing in August 2023 that it would be restricting exports of germanium, the Chinese government announced in December of 2024 that it would be limiting all exports of germanium to the US. As China produces and refines the majority of the world's germanium this leaves the West in need of alternative sources to reliably supply this critical metal, which is used in computer chips, solar panels, fiber optics and military applications such as night vision optics, etc. This western source has yet to be developed. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one% the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The over limit analyses contributed to delays in receiving final assay results. For the germanium results presented in this release a separate split of the remaining pulverized material was sent to ALS Chemex in North Vancouver, Canada. The pulverized samples were analyzed using a sodium peroxide fusion followed by an ICP Mass Spectrometer finish on a 0.2g pulverised sample. Tillkännagivande • Jan 21
Cantex Mine Development Corp. Provide Update on its 100% Owned 14,077 Hectare North Rackla Claim Block in the Yukon, Canada CantexMine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon, Canada. Main Zone Drilling: Cantex received the base metal results from the remaining holes at its 2024 drill program at North Rackla. The drilling at the Massive Sulphide Zone focused on the Discovery Sector and successfully extended the strike length of the Main Zone to 2.65 kilometres, an increase of 300 metres this season. The mineralization remains open both along strike and to depth. Results from twenty-six holes completed on the Discovery Sector of the Main Zone have been received. Highlights from these holes include a 9 metre interval of 34.08% combined lead-zinc and 96 g/t silver within a broader interval of 15 metres of 22.87% combined lead-zinc and 62 g/t silver in hole YKDD24-315. Hole YKDD24-312 intersected a 2 metre interval of 23.27% lead-zinc and 48 g/t silver within a lengthy 25.04 metre intercept of 4.62% combined lead-zinc and 18 g/t silver. Significantly, both of these holes were drilled from Pad MZ60, the furthest NE pad from which drilling has been undertaken. The drilling in the northeastern portion of the Main Zone contains elevated copper values suggesting that this could be the central feeder zone of the mineralization. For example, hole YKDD24-313, drilled from pad MZ58 intersected a zone of mineralization containing 0.68% copper. If in fact this area near the northeast end of drilling is the centre of the deposit, then the strike length could possibly be almost twice the current drill-defined length. The deposit also remains open at depth where 23.67 metres of sulphides including massive sulphides were intersected at 700 metres depth. Hole YKDD24-317 was lost due to ground conditions and was re-drilled as hole YKDD24-317B. These exceptionally high grade and lengthy intercepts continue to demonstrate the significant size and grade of the Main Zone mineralization. As previously demonstrated the Main Zone is also significantly enriched in germanium. The germanium results for these intervals are awaited and will be reported when received. Summary: Cantex's directors are pleased that drilling at the Massive Sulphide project continues to expand the strike length of the exceptionally high-grade mineralization. Beyond the outstanding silver-lead-zinc grades the mineralization also contains elevated germanium. China has now banned germanium exports to the US resulting in a substantial increase in the germanium price (currently trading at USD 2.28 per gram). As China provides the vast majority of the global supply of germanium a western source is needed for the manufacture of a number of modern technologies including computer chips, solar panels, LED lights and night vision goggles. Canadian base metal projects, including North Rackla, have sufficient quantities of germanium to meet the desperate need of the USA. Sample Preparation: The drill holes reported in this were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags. Core samples averaged over 3kg in weight. The core samples are placed into larger bags closed with security seals prior to being transported to the ISO 9001 certified CF Mineral Research Ltd. laboratory in Kelowna, BC. At CF Minerals the samples were dried prior to crushing to -10 mesh. The crushed material from a sample was then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh and a 250g split was sent for assay. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature. For samples where lead or zinc values exceeded 1% the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. Tillkännagivande • Jan 15
Cantex Mine Development Corp., Annual General Meeting, Mar 17, 2025 Cantex Mine Development Corp., Annual General Meeting, Mar 17, 2025. Tillkännagivande • Dec 24
Cantex Mine Development Corp. announced that it expects to receive CAD 0.6 million in funding Cantex Mine Development Corp. announced a non-brokered private placement to issue 4,000,000 common flowthrough shares at an issue price of CAD 0.15 per share for the gross proceeds of CAD 600,000 on December 23, 2024. The Company was charged CAD 36,000 in finders fees in connection with the Offering. The Company will also be issuing 200,000 finders warrants; each whole warrant entitles the holder to acquire one common share of the Company at a price of CAD 0.15 for a term of two years from closing. The securities issued in the Offering are subject to a four month hold period, expiring on April 24, 2025. The Offering remains subject to the acceptance of the TSX Venture Exchange. Tillkännagivande • Nov 28
Cantex Continues to Intersect World-Class Silver-Lead-Zinc +/- Germanium Grades and Extends Its Strike Length by 300 Metres At Its 100% Owned North Rackla Project, ukon Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. The drilling at the Massive Sulphide Zone focused on the Discovery Sector, continuing to extend the strike length of the mineralization. The drill-confirmed strike length is now 2.65 kilometres, an increase of 300 metres this season. The mineralization remains open both along strike and to depth. Results from sixteen holes completed on the Discovery Sector of the Main Zone have been received and these results are presented in Table 1 below. Highlights from these holes include a 2.4 metre interval of 25.82% combined lead-zinc within a broader interval of 13.63 metres of 7.25% combined lead-zinc in hole YKDD24-302B. Hole YKDD24-303 intersected a 2.1 metre interval of 27.63% lead-z Inc. within a broader 6.35 metre intercept of 13.91% combined lead-zinc. An 18.85 metre interval of mineralization was intersected in hole YKDD24 the drilling in the northeastern portion of the Main Zone contains elevated copper values suggesting that this could be the central feeder zone of the mineralization. If in fact this area in the northeast corner of drilling is the centre of the deposit, then the strike length could possibly be doubled. These notable intercepts continue to demonstrate the significant size and grade of the Main Zone mineralization. As previously demonstrated the Main Zone is also significantly enriched in germanium. Thegerium results for these intervals are awaited and will be reported when received. Tillkännagivande • Oct 01
Cantex Receives Exceedingly High Germanium Results from Drilling At the Main Zone At Its 100% Owned Silver-Lead-Zinc North Rackla Project, Yukon Cantex Mine Development Corp. provided an update on its 100% -owned 14,077 hectare North Rackla claim block in the Yukon. Cantex's directors are pleased to report the bulk germanium results from a selection of intercepts drilled in 2023. Germanium analyses were completed on intercepts from five holes. The drill holes reported in this release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals prior to being transported to the ISO 9001:2015 accredited CF Mineral Research Ltd. laboratory in Kelowna, BC. At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multielement analysis at ALS Chemex in North Vancouver. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded 1% the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The over limit analyses contributed to delays in receiving final assay results. For the germanium results presented in this release a separate split of the remaining pulverized material was sent to ALS Chemex in North Vancouver, Canada. The pulverized samples were analyzed using the ME-MS89L technique which involves a sodium peroxide fusion followed by an ICP-MS finish on a 0.2g sample. Tillkännagivande • Aug 19
Cantex Announces Resumption of Drilling and Reports Outstanding Copper and Silver Results on Its Copper Project Located 10Km West of Its Silver-Lead-Zinc-Germanium Deposit on Its 100% Owned North Rackla Claims in the Yukon Cantex Mine Development Corp. announced outstandingly high copper assays and silver results from its 2024 drill program. Copper Project Drilling: Cantex has now received assays and geochemical results from five holes drilled at the Copper Project on the western side of the Company's North Rackla property. Significant copper and silver mineralization was encountered in four holes. Holes YKDD24-287, 288 and 289 all intersected significant copper mineralization. This includes 2.9 metres of 4.54% copper in hole YKDD24-287 and 13 metres of 0.86% copper in hole YK DD24-288. When the core was inspected on site during drilling it became apparent that the discovery has the potential for size and significant grade. To assist in targeting future drilling a ground Induced Polarization - Conductivity geophysical survey and ground magnetic survey was completed over the discovery area. The style of mineralization intersected in drilling looks to be suitable for detection using these geophysical techniques. The final results and interpretation from this survey when complete will assist in targeting additional holes planned to be drilled this year. Prior to temporarily suspending work as requested by the First Nation of Na-Cho Nyak Dun ("FNNND"), nine holes were completed on the Main Zone of the Massive Sulphide project at North Rackla. The results of these holes areawaited and will be released when received. North Rackla Drilling Resuming: As announced on July 23, 2024 Cantex temporarily halted work on its North Rackla project to allow the FNNND to prioritize their resources in dealing with the heap leach pad failure at Victoria Gold's project, 120km from the North Rackla property. After a month pause in work Cantex will have complied with the request of the FNNND to temporarily suspend exploration activities and will be recommencing drilling on the North Rackla claims. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 kilometers of strike length and 700 meters depth. The mineralization remains open along strike and to depth. The Company is led by Dr. Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine. The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Tillkännagivande • Jul 18
Cantex Mine Development Corp. announced that it has received CAD 1.45 million in funding from Crescat Portfolio Management LLC and 0974052 BC Ltd. On June 17, 2024, Cantex Mine Development Corp. closed the transaction. The company announced that it has issued 12,083,331 common non flow through shares were issued at CAD 0.12 per share for the gross proceeds of CAD 1,449,999.72. The transaction includes participation from our previously announced strategic partner Crescat Capital LLC and 0974052 B.C. Ltd subscribed for 8,333,333 Shares for a total subscription price of CAD 0.12 per share for the gross proceeds of CAD 999,999.96 and Crescat Capital LLC for 99,999.96 shares for CAD 99,999.96. The Company was charged CAD 24,500 in finders fees in connection with the Offering. Tillkännagivande • Jun 13
Cantex Intersects Copper Mineralization in First Three Holes on Its North Rackla Copper-Gold, Germanium and Base Metal Project in the Yukon Cantex Mine Development Corp. announced that it has intersected copper mineralization in its first three holes drilled at its North Rackla project, Yukon. Since drilling first commenced on June 3, 2024 three diamond drill holes have now been completed at the Copper Project on the western side of the Company's North Rackla property. Previous drilling on this project intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper. Hole YKDD24-287 was drilled at a -45 degree dip and 13 degree azimuth. It intersected 1.8 metres of an estimated 8% chalcopyrite contained within a quartz carbonate breccia from 7.1 metres depth. Hole YKDD24-288 was drilled from the same pad at a -45 degree dip at an azimuth of 35 degrees. This hole intersected 17 metres of an estimated 2% chalcopyrite from 9.5 metres depth. Hole YKDD24-289 intersected 5.05 metres of an estimated 2% chalcopyrite from 3.3 metres depth. The hole was from the same pad, at a dip of -45 degrees and an azimuth of 305 degrees. Following logging the mineralized portions of the holes are split. One half of the split core is in the process of being submitted to laboratories for sample preparation and analysis for copper, gold and associated elements. Results will be reported as soon as available. Tillkännagivande • May 15
Cantex Mine Development Corp. Intersects Up to 25.07% Lead-Zinc with 72G/T Silver At Its 100% Owned North Rackla Project, Yukon and Will Commence Drilling Its Copper Project Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. the company reported results from the 5 drill holes completed at the Discovery and Central Sectors of the Main Zone at the North Rackla project. All four holes drilled at the Discovery Sector intersected mineralization. These holes, drilled from pad MZ54 include a 8.35 metre interval on hole YKDD23-279 which contained 24.5g/t silver, 7.68% lead and 5.05% zinc. The final hole of the 2023 season was drilled from pad MZ33 in the Central Sector. It consistently intersected mineralization between 429.25 and 538.60 metres. High grade intercepts include 1.40 metres of 19.4 g/t silver, 6.43% lead and 24.15% zinc and 2.85 metres of 72.10 g/t silver, 8.77% lead and 16.30% zinc. The intervals above are being sent for germanium analysis. The results will be reported when received. Three holes drilled at the Extension Sector did not intersect significant mineralization. The Company announced the 2024 drill plan for the North Rackla project. Drilling with one drill will commence in early June at the Copper Project, on the western side of the claim block where previous drilling intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper (see news release of April 13, 2023). The location of this drilling is shown in Figure 2. A second drill will be added in mid June, which will commence testing in the northeast of the Discovery Sector of the Main Zone for germanium-silver-lead-zinc where copper values are increasing. The high copper values suggest that this could be the centre of the deposit and thus the strike length could be nearly double the current 2.35km length. The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals prior to being transported to CF Mineral Research Ltd. in Kelowna, BC. At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh and a 250g split was sent for assay. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Tillkännagivande • Mar 14
Cantex Mine Development Corp. Provides Update on its 100% Owned 14,077 Hectare North Rackla Claim Block in Yukon Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. Bulk Germanium Results: Cantex's directors are pleased to now have a method that can reliably be used to determine the bulk concentration of germanium within drill core. Determining the bulk concentration of germanium within drill core has the advantage of providing an average germanium content of the sphalerite and other minerals in the sample, as well as being more cost effective and possible to complete in a more timely fashion. Main and GZ Zone Results: Cantex has undertaken an evaluation of thirty samples from the Main and GZ Zones in order to identify a technique suitable for bulk analysis of germanium. These samples were selected to represent the full spectrum of grades seen on the project to best assess the techniques. Five different analytical techniques were evaluated. Of the five methods evaluated three techniques produced results with tight precision. The newly received germanium results from these three techniques. It also contains the corresponding silver-lead-zinc grades from these samples. The results show that, as expected, there is strong correlation between germanium content and zinc grade. This correlation was expected as it is the zinc sulphide mineral (sphalerite) that contains the germanium. Analyses of sphalerite grains from 97 intercepts within the Main Zone average 654 grams per tonne. Sphalerite grains from 14 intercepts within the GZ Zone average 521 grams per tonne. Thus, higher grade zinc mineralization is expected to have substantial germanium content. It is important to note that even the higher germanium values will be further upgraded prior to being sent to a smelter. The mineralization contains other minerals beyond sphalerite and galena which will dilute the germanium content. Many of these gangue minerals would be removed from the mineralization prior to it being sent to a smelter, increasing the germanium, silver, lead and zinc content. Summary: Cantex's directors are pleased to have a reliable, cost effective and timely method to establish the bulk concentration of germanium within drill core. The Company intends to continue analyzing its upcoming drill core for germanium using this bulk technique. Sample Preparation: The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals prior to being transported to CF Mineral Research Ltd. in Kelowna, BC. At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multielement analysis at ALS Chemex in North Vancouver. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded 1% the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t. The over limit analyses contributed to delays in receiving final assay results. For the germanium results presented in this release a separate split of the remaining pulverized material was sent for analysis. Three labs, all of which are ISO/IEC 17025:2017 accredited, provided the germanium results reported in this release. At ALS Chemex in Brisbane, Australia the Ge-MS66 technique was used. It involved a digestion using nitric and hydrofluoric acids with an orthophosphoric acid leach and an ICP-MS finish on a 0.5g sample. At ALS Chemex in North Vancouver, Canada the ME-MS89L technique was used. The samples were digested using a sodium peroxide fusion followed by an ICP-MS finish on a 0.2g sample. At ActLabs in Ancaster, Canada the Ultratrace 7 package was used. It involves a sodium peroxide fusion followed by an ICP-MS finish on a 1g sample. Tillkännagivande • Feb 10
Cantex Mine Development Corp. Confirms Elevated Germanium Results Along Entire Main Zone Strike Length on Its 100% Owned North Rackla Project, Yukon Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. 455 germanium results have been received for drill core from 61 intercepts drilled from 31 pads spanning the entire 2.35 kilometer drill confirmed strike length of the Main Zone silver-lead-zinc-germanium mineralization at North Rackla. The average of these 61 intercepts is 663 grams per tonne germanium in sphalerite. When combined with the previously analyzed 36 intercepts the average is 654 grams per tonne germanium. At the GZ Zone 57 analyses were received from 9 intercepts which averaged 427 grams per tonne germanium in sphalerite. When combined with the previously received results from five intercepts the average germanium content is 521 grams per tonne. Germanium continues to be a metal of prime importance for the west. China, which currently supplies 83% of the world's germanium, is now restricting exports to the United States and western markets. Cantex's directors are pleased that the Massive Sulphide project contains very high germanium values along the 2,350 metres of strike length tested to date. The average germanium content of sphalerite from the Main Zone is 654 grams per tonne while the average germanium content of the GZ Zone is 521 grams per tonne. The project shows potential to be a much-needed western source of the Critical Metal germanium. The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags. Core samples averaged over 3kg in weight. For germanium analyses a piece of split core approximately 15cm in length containing sphalerite was selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electron microscope to select sphalerites for analysis. The samples were then sent to UBC Okanagan for germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as standards. The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Tillkännagivande • Jan 17
Cantex Mine Development Corp. announced that it has received CAD 3.00019 million in funding On January 16, 2024, Cantex Mine Development Corp. closed the transaction. The company received CAD 200,200 in its second and final tranche closing. The company issued 770,000 units at issue price CAD 0.26 per Unit for gross proceeds CAD 200,200 bringing total proceeds CAD 3,000,190. The Company was charged CAD 14,000 in finders fees in connection with the Final Tranche, which was settled with the issuance of 53,846 Units at a deemed price of CAD 0.26 per Unit. The Units issued as settlement of the fees are comprised of 53,846 non-flow through shares and 26,923 warrants; the warrants are exercisable for a period of two years from issuance and have an exercise price of CAD 0.39. The Company also issued 53,846 finders warrants, which have the same terms and conditions as the warrants issued in the Offering. All warrants issued as part of the finders fee are non-transferable. The securities issued in the Final Tranche are subject to a four month hold period, expiring on May 13, 2024.
The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 14 placees and 1 existing insider for 76,923 non flow-through shares. The company has paid finder's fees of CAD 65,100 and issued 430,766 non flow-through shares and 863,419 warrants. Tillkännagivande • Dec 06
Cantex Mine Development Corp. announced that it expects to receive CAD 3 million in funding Cantex Mine Development Corp. announced a non-brokered private placement to issue flow through units at a price of CAD 0.30 per unit, with each FT unit comprised of one flow through share and one-half warrant and non-flow through units at a price of CAD 0.26 per unit, with each unit comprised of one non-flow through share and one-half warrant for the aggregate gross proceeds of CAD 3 million on December 5, 2023. Each whole warrant issued in connection with either the FT units or the NFT units entitles the holder to acquire a non-flow through share at a price of CAD 0.39 for a term of two years. Rob McEwen has agreed to subscribe for CAD 200,000 of NFT units of this offering from an entity controlled by him, bringing his shareholding in company to over 4.6 million shares. The Company may pay finder's fees in connection with the Offering in accordance with the policies of the TSX Venture Exchange. Tillkännagivande • Dec 05
Cantex Mine Development Corp., Annual General Meeting, Feb 07, 2024 Cantex Mine Development Corp., Annual General Meeting, Feb 07, 2024. Tillkännagivande • Nov 24
Cantex Mine Development Corp. announced that it has received CAD 3.823485 million in funding from Crescat Portfolio Management LLC On November 22, 2023, Cantex Mine Development Corp. closed the transaction. The company issued 6,833,734 flow through units and 3,276,923 non flow-through units issued at CAD 0.30 per FT unit and issued at CAD 0.26 per unit respectively for the aggregate gross proceeds of CAD 2,902,120 in its final tranche. Combined with the first tranche, the offering has resulted in gross proceeds of CAD 3,823,485 from the issuance of 8,258,284 FT units and 5,176,923 NFT units. The company was charged CAD 178,500 in finders fees in connection with the final tranche; of this, CAD 24,500 was paid in cash, with the remaining CAD 154,000 in fees settled with the issuance of 592,308 units at a deemed price of CAD 0.26. Katherine MacDonald, subscribed for 200,000 units for a total subscription price of CAD 52,000. Tillkännagivande • Nov 23
Cantex Mine Development Corp. Intersects an Outstanding 89.25 Metres of Mineralization at Its North Rackla Drill Project Cantex Mine Development Corp. reported that a 89.25 metre intersection of strong mineralization has been encountered at the Main Zone of the silver-lead-zinc-germanium Massive Sulphide project. The Company also is closing a final tranche of its financing. Main Zone Drilling. Hole YKDD23-285 was the final hole from the fall 2023 drill program. This hole contained an exceptional intercept from 416.75 to 506 metres depth drilled from pad MZ33 at a -85-degree dip and 166 degree azimuth. Split core from this hole has been submitted to the CF Mineral Research, an ISO/IEC 17025:2005 accredited laboratory for preparation prior to being sent to ALS Chemex Laboratories in North Vancouver for analysis for silver-lead-zinc. Polished sections will be submitted to the University of British Columbia Okanagan for germanium analysis. All of the foregoing results as well as germanium results from samples already submitted will be reported when received. Tillkännagivande • Oct 26
Cantex Mine Development Corp. Intersects Strong Massive Sulphide in Its First Hole Drilled in 2023 At North Rackla Project, Yukon Cantex Mine Development Corp. reported that Cantex is presently drilling on its North Rackla claims. The first hole (YKDD23-279) drilled at a -45deg inclination into the Main Zone of the silver-lead-zinc-germanium mineralization encountered a 7.8 metre intersection of strong massive sulphide from a depth of 82.5 metres. Cantex reported such an outstanding intersection on its first hole. Drilling continues. Tillkännagivande • Sep 21
Cantex Mine Development Corp. announced that it expects to receive CAD 5 million in funding from Crescat Portfolio Management LLC and others Cantex Mine Development Corp. announced a private placement to issue flow-through units at a price of CAD 0.30 per unit and non flow-through unit at a price of CAD 0.26 per unit for the gross proceeds of CAD 5,000,000 on September 20, 2023. The transaction will include participation from new investor, Crescat Portfolio Management LLC for CAD 1,500,000 and other investors. Tillkännagivande • Jul 11
Cantex Mine Development Corp. Receives Additional Elevated Germanium Results and Provides Recent Analyses of Drill Core, Rock and Soil-Talus Samples on Its 100% Owned North Rackla Project, Yukon Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. China has announced that it will be restricting exports of germanium to the United States and western markets starting August 1, 2023. China supplies 83% of the world's germanium and provides the US with half of its supply. Prior to this restriction germanium had already been identified by the Canadian and US governments as being a Critical Metal. It is an important constituent of many modern technologies. These include fibre-optic systems, infrared (night vision) optics, the highest efficiency solar cells, polymerization catalysts and high-brightness light-emitting-diodes used in televisions and vehicle headlights. Germanium has a high value, currently selling for USD 1.32 per gram. There are few western sources of germanium, the most significant being ore from Teck's Red Dog Mine in Alaska which is processed at the Trail smelter in British Columbia. It is apparent that western nations will need to find additional sources of germanium. Cantex is fortunate to have identified highly elevated germanium contents within the zinc mineralization found at its Massive Sulphide project in North Rackla. While the four deposits which comprise the Red Dog Mine average between 104 and 249 grams per tonne germanium, zinc mineralization from Cantex's Main Zone and adjacent GZ Zone average 640 grams per tonne and 690 grams per tonne respectively. At the Main Zone 140 analyses from 36 intersections along 2,200 metres of strike length have now been completed. Twenty analyses from five intersections have been completed at the GZ Zone. Additional germanium analyses are awaited and will be reported when received. Drilling Confirms Additional Mineralization at Discovery Sector. The most significant results were from the Discovery Sector where the strike length was extended to 2,350 metres in 2022. Hole YKDD22-252 contained several mineralized zones, notably a three metre intercept of 24.78% combined lead-zinc and 59.4 g/t silver which includes a 1.5 metre zone of 45.28% lead-zinc and 105.6 g/t silver. Tillkännagivande • Feb 10
Cantex Mine Development Corp. Provides Update on Main Zone at its 100% Owned 14,077 Hectare North Rackla Claim Block in Yukon Cantex Mine Development Corp. provided an update on the Main Zone at its 100% owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reported High Germanium Content in Main Zone Sulphides: Cantex reported that analyses of sphalerite (zinc sulphide) from its Main Zone mineralization show very high germanium values. A total of twelve analyses were completed on samples from four drill holes testing the Main Zone at the Massive Sulphide project in the Yukon. The germanium content of sphalerite in the Main Zone is very high, averaging 795 grams per tonne. This content is significant when compared to other global sources of germanium. Germanium is one of the elements identified as a Critical Element in both Canada and the United States. It is a high value metal, currently selling for USD 1.21 per gram. Germanium is predominantly used in fibre-optic systems, infrared optics, polymerization catalysts, the highest efficiency solar cells currently available and high-brightness light-emitting-diodes used in televisions and vehicle headlights. Global production in 2021 is estimated at 140 tonnes. Approximately 60% of this is sourced from sphalerite ores and 40% is sourced from coal. The vast majority of this (95 tonnes) is from China while Russia produced an additional 5 tonnes. The most significant western source of germanium is from the Red Dog Mine in Alaska whose sphalerite-rich ore is processed in Teck's smelter in Trail, BC. The four primary deposits that comprise Red Dog average between 104 and 249 grams per tonne germanium. Cantex looks forward to testing for germanium along the strike length of the Main Zone and also at the nearby GZ Zone. Analytical Methods: At the CF Mineral Research laboratory in Kelowna, BC pieces of HQ sized (63.5mm diameter) drill core containing lead-zinc sulphide mineralization were extracted and mounted in resin. The mounts were then ground down to expose the rock and polished prior to being carbon coated. The mounts were then examined with a Scanning Electron Microscope employing Energy Dispersive Spectroscopy to identify sphalerite grains. Two regions of sphalerite on each mount were then analysed using Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) at the University of British Columbia Okanagan. The laser spot size was 100nm and NIST 610 and NIST 612 standards were used. The germanium analyses are accurate to within 10%. Tillkännagivande • Jan 13
Cantex Intersects 23.5 Metres of 8.34% Lead-Zinc At the Main Zone Including 2.5 Metre Zones of Up to 24.72% Lead-Zinc and 85 G/T Silver on Its 100% Owned North Rackla Project, Yukon Cantex Mine Development Corp. provided an update on drilling of the Main Zone at its 100%-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports Drilling confirms strike extension of mineralization to northeast along Main Zone Cantex reported results from a further five drill holes from its 2022 drill program at the Main Zone of the North Rackla project. These holes, drilled in the Discovery Sector, extended the Main Zone mineralization 150 metres further to the northeast than had been previously identified, bringing the Main Zone strike length to 2,300 metres. Within this intercept there were two higher grade zones, both 2.5 metres long. The first contained 44.68 g/t silver ad 19.06% combined lead and zinc. The second contained 85.32 g/t silver and 24.72% combined lead and zinc. Holes YKDD22-250, YKDD22-255 and YKDD22-257 were drilled from pad MZ53A, a 100 metre step out from the drilling in 2021. It intersected several zones of mineralization including a 12.7 metre zone within which 1.5 metres contained 75.33 g/t silver and 24.21% combined lead and zinc. Results are awaited from 46 holes and will be released when received. Sample Preparation The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags which were in turn placed into larger bags closed with security seals prior to being transported to CF Mineral Research Ltd. in Kelowna, BC. At CF Minerals the drill core was dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh and a 250g split was sent for assay. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples. Tillkännagivande • Dec 16
Cantex Mine Development Corp., Annual General Meeting, Feb 13, 2023 Cantex Mine Development Corp., Annual General Meeting, Feb 13, 2023. Tillkännagivande • Sep 30
Cantex Mine Development Corp. Releases an Update on the Work Program at its 100% Owned 14,077 Hectare North Rackla Claim Block in the Yukon Cantex Mine Development Corp. has released an update on the work program at its 100% owned 14,077 hectare North Rackla claim block in the Yukon. Drilling underway and massive sulphide mineralization intersected at a vertical depth of 680 metres. Drilling of Massive Sulphide Project: Drill testing of the Main Zone of the Massive Sulphide Project continues and has further extended the previously discovered mineralization to depth. A -84 degree hole drilled from pad MZ 34 has further extended the mineralization below the intercept announced on September 14, 2020. The company is expecting the results from this previously announced intercept in three weeks. Semi-massive sulphides were intersected from 670.75 to 680.3 metres down hole, from 688.45 to 692.6 metres and from 698.5 to 701 metres. This deepest intercept equates to 680 metres vertically below surface, a step down of 130 metres below the previous hole. Cantex continues to be impressed with the continuity of the mineralization to depth. Tillkännagivande • Aug 25
Cantex Mine Development Corp. announced that it has received CAD 4.135601 million in funding On August 21, 2020, Cantex Mine Development Corp. (TSXV:CD) closed the transaction. The company closed the final tranche of its non-brokered private placement of flow through and charity flow through shares. In this closing, the company issued 1,578,948 charity flow through shares at the price of CAD 1.9 per share for gross proceeds of CAD 3,000,001. The shares issued in this closing are subject to a hold period expiring December 22, 2020. Finders' fees of CAD 161,000 were paid in connection with this tranche of the placement. 
