AsiaBaseMetals Inc. (the "Company") is focused in the Mining sector (focus - Global). The Company is led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value. more ...
The Company, on September 1, 2020, under a plan of arrangement pursuant to a spinout transaction by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”, ) completed the creation of three (3) Spin-Co's; where each shareholder of AsiaBaseMetals Inc., as of the record date, (August 31, 2020) received shares (on 1 share for 1 share basis), effectively at no cost in each of the three (3) Spin-Co's (see News Release - Sep 2, 2020). The Spin-Co's being: (1) Mantra Exploration Inc.operating in the Mining sector, (2) Mantra Pharma Inc. operating in the Cannabis sector (focus - European Union - Croatia) and (3) Mantra 2 Real Estate Inc.operating in the Real-Estate Development sector - incluuding Casino-Entertainment/Destination Resorts (focus - Croatia). In effect these Spin-Co's were done in the same manner as when AsiaBaseMetals Inc. was originally formed from Sandfire Resources America Inc. ("Sandfire" - name changed from TintinaGold), via plan of arrangement spin-out transaction(s) ("Spin-Co.'s") to further enhance shareholder value. Shareholders of Sandfire, as of the record date, upon completion of AsiaBaseMetals Inc. as the Spin-Co. (News Release - Oct 9, 2009) received one new share of AsiaBaseMetals Inc. for each share of Sandfire then held (on a 1 share for 1 share basis), at no cost. more ...
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DISCOVERING & ACQUIRING
MINING: The Company is continuing to diversify its asset portfolio via timely value-driven project acquisitions of base metals, alkali metals in the current cyclical commodity markets down-turn and precious metals as it prudently advances its existing project; 100% owned Gnome ("Gnome" - Zinc & Cobalt) project in world-class mining district in Canada, one of the safest and mining friendly jurisdictions in the world. The Company is awaiting the grant of exploration permits at the Thazi ("Thazi" - Lithium) project in Myanmar,
Discovery of Cobalt (Co) - Together with Zinc (Zn)
First in the region: Cobalt together with Zinc
Gnome Project: The Gnome Project (Cobalt / Zinc), 100% owned by AsiaBaseMetals Inc., encompassing 5,868 hectares (12 mineral claims) in the heart of an area that is home to both the Cirque and the Cardiac Creek Deposits, is located 35 kilometers SE along trend from Teck Resources Limited ("Teck") & Korea Zinc's joint ventured ("T-KZ-JV" - 50% each) Cirque deposit and 15 kilometers south east from the Cardiac Creek deposit (ZincX Resources Inc.). more ..
Thazi Project: Additionally, the Company is awaiting the grant of exploration permits (the "Permits") at the Thazi ("Thazi" - Lithium) project in Myanmar pursuant to a submitted application (expected shortly; per Myanmar permit review/granting/tracking system). The Company expects the permits to be granted , pursuant to the latest estimate, by April 30, 2021. The Company intends to design its initial work program on the Thazi - Lithium project 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. more ...
Other Projects: The Company is reviewing additional mineral projects for possible acquisitions; . more ...
Please Review Company's "Code of Business Conduct" ...... & ......"Disclaimer - including Forward Looking Statements"
"BUILDING & ENHANCING SHAREHOLDER VALUE"