AsiaBaseMetals Inc. (the "Company"), focused both in the mining sector as well as the Cannabis sector, is a Company led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value.
The Company is continuing to diversify its asset portfolio via timely value-driven project acquisitions of base metals, alkali metals and precious metals in the current cyclical commodity markets down-turn as it prudently advances its existing projects; 100% owned Gnome ("Gnome" - Zinc & Cobalt) and Jean ("Jean" - Iron Ore) projects in world-class mining districts in Canada, one of the safest and mining friendly jurisdictions in the world. Additionally, the Company is awaiting the grant of exploration permits for lithium pursuant to a submitted application in Myanmar. The Company intends to design its initial work program to explore for both hard-rock and salar-type deposit potential, using modern field techniques with International Organization for Standardization-approved mineralogical studies and analytical methods.
The Company's recent review of the cannabis sector and markets and subsequent efforts to identify, pursue and implement opportunities in Europe, the largest up and coming western-culture cannabis market in the world (population of 740 million people, with EU representing approximately 512 million), has resulted in the Company entering in to a cooperation agreement (the "Agreement"), as announced by the Company (June19, 2019) with a city (the "City") within a member country (the "Country") of the European Union (the "EU") under conditions set forth by law of the Country, to obtain relevent licences for growing and selling cannabis for medical purposes, and commercial purposes including recreational purposes when and if this becomes permitted by the law of the Country.
ENTREPRENEURIAL BUSINESS & MINING TEAM
DISCOVERING & ACQUIRING VALUE-DRIVEN ASSETS
Commodity & Business Focus: The Company intends to retain Commodity and Business focus, as appropriate and applicable with shareholder support and approval, in the same manner as when AsiaBaseMetals Inc. was originally formed, via plan of arrangement spin-out transaction(s) ("Spin-Co.'s") to further enhance shareholder value.
RETAIN COMMODITY & BUSINESS FOCUS
ABZ # 2
Entering Cannabis Sector
in European Union ("EU")
(100% or Majority Owned)
Message from CEO
Raj Chowdhry, Chief Executive Officer & Chairman of the Board stated, "In the mining sector, with the Company scheduled to drill the Gnome (Zn/Co) property adjacent to the ZincX's Cardiac Creek deposit (a property having a robust PEA) in July, when ZincX is also drilling their property (2,00o m) to further develop their deposit, its an exciting time for the Company's mining sector/division. Further, the Company’s entry into Myanmar, a country having both China and India as neighbours (combined population of almost three billion people) who likely represent the largest buyers of Gold, Copper and Zinc, and users of batteries in the world, is a significant move. Myanmar being endowed with impressive geology will allow the Company, now having commenced operation in the country successfully, to also pursue other assets, including gold, silver and copper assets. With all major mining companies having ceased operations in Myanmar back in 1997, due to prevailing sanctions at that time and with Myanmar after two decades now re-opening its doors with no sanctions, we look forward to capitalizing on the timely first mover advantage while adding and contributing to the growth of the country and its people."
"In the cannabis sector, with the Company now also directing efforts into the Cannabis sector, especially into the largest market within western cultures represented by Europe having an approximate population of 740 million people (with EU representing approximately 512 million), when compared to North America having an approximate population of 579 million (with USA representing approximately 327 million), the Company has entered into a cooperation agreement (the "Agreement") with a city (the "City") within a member country (the "Country") of European Union (the "EU") under conditions set forth by law of the Country to obtain relevent licences to grow and sell cannabis for medical purposes (legalized by Country for limited medical use), and commercial purposes including recreational purposes (decriminalized by Country for personal use), when it becomes legally permittable. The City has informed the Company, pursuant to the cooperation agreement terms, that they have commenced the incorporation process with the country's central government, as set out in the agreement to obtain relevent licenses. The Company will consider opportunities and acquisitions in the cannabis sector only in fully legal jurisdictions before commencing business" stated Raj Chowdhry.
What’s Next? ……. ABZ-(Zinc) .. ABZ-(Li) ..... Gold/Copper & More ....... ?
"BUILDING & ENHANCING SHAREHOLDER VALUE"