Swiss trader Afrimet invests in Tantalex, lithium venture

Trader Afrimet Resources (AMR) will invest up to C$650,000 ($497,000) in Canadian exploration company Tantalex Resources Corp in a private placement that gives AMR shares and rights to buy additional shares in Tantalex.

As part of the transaction, Hadley Natus, AMR’s founder, becomes director and chairman of the board of Tantalex – one of many management changes announced by Toronto-based Tantalex on Friday November 20.
Among them, Eric Allard, formerly vice president of operations with Tantalex, is now president and chief executive officer.

Shares in Tantalex rose by 50% on Monday, closing at C$0.03 per share, up...


Orla O'Sullivan

November 24, 2020

09:32 GMT

New York