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Highlights
- Tantalex successfully completes second export of 25 metric tons of tin concentrate from the TiTan plant.
- Regular monthly exports planned for 2025, with tantalum concentrate export scheduled for Q1 2025.
- Positive market conditions for tin and tantalum expected to boost revenue and support production expansion.
Tantalex Lithium Resources Corp. (CSE:TTX) ("Tantalex" or the "Corporation") is pleased to report that it has resumed exports from the TiTan plant in the Democratic Republic of Congo (DRC). The Company successfully completed its second export of 25 metric tons of tin concentrate, which departed from Lubumbashi, DRC, on December 31, 2024. With this successful shipment, Tantalex is now in the process of planning its third export and has 7 metric tons of tantalum concentrate in storage in Lubumbashi.
Regular Exports and Tantalum Production
Tantalex anticipates that regular exports of tin concentrates will take place monthly in 2025. The Company also plans to begin exporting tantalum concentrates in the first quarter of 2025, further diversifying its product offerings and enhancing its revenue generation. The successful resumption of these exports signals a positive outlook for the Company’s production and export capabilities moving forward.
CEO's Remarks and Market Outlook
Mr. Eric Allard, CEO of Tantalex, commented on the Company's progress: "2024 has certainly been a challenging year for the Company, with difficulties in getting the TiTan plant into production and the major downturn in the lithium market. However, with the successful replacement of critical parts at the TiTan plant, we are now well-positioned for steady production and revenue growth in 2025."
Mr. Allard also highlighted the stable market conditions for tin and tantalum despite macroeconomic instability. "Tin prices have remained in the range of USD $28,000 to $34,000 since March 2024, supported by constraints in supply. Given the favorable pricing environment, we expect Tantalex to benefit from positive price movements in both tin and tantalum in 2025."
Expansion Plans and Resource Work
With these positive market trends, Tantalex is planning further resource definition work at the TiTan plant to evaluate the possibility of increasing production capacity over the medium term. The Company aims to capitalize on the strong market conditions for both tin and tantalum to support its long-term growth and operational expansion.
Lithium Market Developments
In addition to its tin and tantalum projects, Tantalex continues to evaluate developments in the lithium market. The Company is progressing with the feasibility study for the Manono Lithium Tailings Project and exploring the potential of its Pegmatite Corridor project, which holds promising prospects for hard rock lithium discoveries.
About Tantalex Lithium Resources Corporation
Tantalex Lithium Resources Corp. is an exploration and development stage mining company engaged in the acquisition, exploration, development, and distribution of lithium, tin, tantalum, and other high-tech mineral properties in Africa. With its diversified portfolio and strategic projects, Tantalex is positioning itself as a key player in the global supply chains for critical minerals, poised to meet the growing demand for these essential materials.
Through its continued production of tin and tantalum and its active pursuit of lithium opportunities, Tantalex is set to make significant strides in 2025 and beyond, contributing to both the development of critical mineral resources and the growth of its market position.
