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 (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 this was 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 ...
MINING SECTOR: 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,
A COMPANY & TEAM "BUILDING & ENHANCING SHAREHOLDER VALUE"
CAPITALIZE ON COMMODITY & MARKET CYCLES DOWN-TURNS
"THE RIGHT TIME TO CAPITALIZE IS NOW"
DISCOVER & ACQUIRE RESOURCES
Discovery of Cobalt (Co)
First in the region, together with Zinc (Zn).
The Gnome (Zinc / Cobalt) Project 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.). The Cirque & Cardiac Creek Zinc deposits have no reported Cobalt. Show-Details...
The Company has applied for an exploration permit for the Thazi Mineral Claims from Myanmar's Ministry of Mines ("M-MM"), opened a local branch/rep-office ("ABZ-Myanmar-Office") and opened a local bank account, commencing its operations in Myanmar; having earlier received registration ("ABZ-Myanmar-Registration") from The Directorate of Investment and Company Administration ("DICA"), which handles company registrations for foreign businesses and serves as a secretary to Myanmar Investment Commission (the "MIC"), the responsible body for investment application. Show-Details...
"In the mining sector, 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. We look forward to capitalizing on the timely first mover advantage while adding and contributing to the growth of the country and its people." Raj Chowdhry, President, CEO & Chairman
THE PATH FORWARD - CONTINUE TO IMPLEMENT BUSINESS PLAN
Diversify Assets - Special Attention Directed to Advanced Assets in the Americas, Asia, Africa & the European Union (EU)
AsiaBaseMetals Inc.'s business plan, given the current global economic and political environment and the projected anticipated outlook going forward, as deemed prudent is to diversify its assets.
The Company is also continuing to seek out additional mineral assets, and when appropriately warranted, production of precious metals (gold and/or silver); base metals (copper and/or zinc and/or iron-ore) the leading base metals for economic growth; and industrial metals (Cobalt and/or Lithium), the fundamental components for the exponentially growing power storage battery market sector; while continuing to advance the Gnome Zinc project (100% interest) in the province of British Columbia) and the Jean Iron-Ore project (100% interest) in in the province of Ontario).
Accordingly, the Company's highly focused and experienced business and mining team, on the board of directors (the "Board") and the advisory board (the "Advisory Board"), has commenced reviewing new business opportunities, including identified advanced base, alkali and precious metals assets, with special attention directed to assets in the Americas (Mexico, Peru, Argentina, Colombia & Ecuador), Asia (Myanmar) and Africa [Guinea, Mali & Democratic Republic of Congo (DRC)].
Advance Current Zinc / Cobalt (Gnome) Project Prudently & Economically
The Gnome Cobalt/Zinc project is located within highly prospective geological area in Canada, one of the safest and mining friendly jurisdictions in the world, and especially where other world-class project is currently being advanced by notable well-known and well-funded companies' who are likely to continue to upgrade the infrastructure and the access in the area to allow for production, thereby continually reducing the exploration costs. Pursuant to the Company's business plan, the project was acquired upon the completion of a previous extensive review of upcoming future global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Cobalt, Zinc and Iron-Ore, at what management believes to be exceptionally low prices, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders.