Auxico Resources’ Pierre Gauthier on being the first NA company to commercially produce and sell monazite into the world market

Pierre Gauthier, Chairman and CEO of Auxico Resources Canada Inc. (CSE: AUAG) recently spoke with InvestorIntel’s Byron W. King about Auxico’s just licensed patent for ultrasonic disintegration process technology. This technology allows a rapid decrease in the time, temperature, and pressure necessary to crack hard rock ores and extract valuable minerals by disintegrating the ores without the need for extensive crushing and grinding. The ultrasonic process allows a high level of extraction efficiency by greatly increasing the surface area to volume ratio of the minerals to allow rapid leaching out of the payable metals. Pierre emphasized the broad application by Auxico of this ultrasonic technology. In particular, it has allowed class-leading rapid high-level extraction of nickel and of rare earths from their ores. This saves water, energy, and most of all, time, which, of course, reduces costs.

Pierre went on to say that Auxico has also developed a new simplified chemical process for removing the radioactive elements from the very rich in magnetic rare earths mineral, monazite, after it has been treated ultrasonically. Auxico, he continued, has located monazite bearing mineral sands in Columbia and the Democratic Republic of Congo (DRC) as well as monazite rich residues from tin mining in Brazil, Bolivia, and the DRC. It will treat them ultrasonically, where necessary, to improve and facilitate the removal of radioactive thorium and uranium and their safe disposal in the countries of origin in order to be able to ship the monazite for extraction and separation into individual rare earths in a plant to be constructed in Quebec or the USA.

Auxico’s monazite from the DRC is low enough in thorium and uranium so that the mineral can be shipped out of the country without processing. Pierre finally pointed out that Auxico has already sold and shipped 100 tons of monazite from its DRC operation to a customer in Asia.  Auxico plans to ramp up the shipments from the DRC to 1000 tons per month by the end of 2022.

This makes Auxico the first Canadian company to commercially produce and sell monazite into the world market. As Byron W. King said, “This has been a fabulous interview.”

To access the complete interview, click here

About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. is a Canadian company that was founded in 2014 and based in Montreal. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil, Mexico, Bolivia and the Democratic Republic of the Congo.

To learn more about Auxico Resources Canada Inc., click here

Disclaimer: Auxico Resources Canada Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].

Disclaimer: The author of this Investor.News post, which is published by InvestorNews Inc., may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content on Investor.News, and InvestorNews Inc. does not accept opt-in payments from advertisers. While InvestorNews Inc. provides digital media services like video interviews and podcasts to advertisers, not all are paid promotions. Any sponsored video interview will be clearly marked in the summary. The author of this piece is not a licensed investment advisor and makes no recommendations to buy, sell, or hold any securities. If the author holds an investment advisor license, this will be stated in their biography. Conduct your own due diligence by reviewing public documents of any company. For our full legal notices and disclaimers, click here click here.

2 responses

  1. rob dubeck Avatar
    rob dubeck

    What a great interview with Byron and Pierre about Auxico Resources. I own the stock and will be buying more. Recently with their share price drop I was wondering what was going on but am more encouraged. I also own Canada Rare earth Corp who does the same thing as Auxico, they also are working in the Brazil tailings district near Auxico and just delivered their 1st shipment of concentrate of a 5 year supply agreement

  2. Tracy Weslosky Avatar
    Tracy Weslosky

    I agree. This was a simply outstanding interview. Thank you Byron.

Leave a Reply

Your email address will not be published. Required fields are marked *