November 27, 2022

Frederick Kozak of Auxico Resources talks about the economic war for critical minerals

In this InvestorIntel interview, host Tracy Weslosky talks to Auxico Resources Canada Inc.’s (CSE: AUAG) new President and CEO Frederick Kozak about the importance of securing reliable western supply sources of critical minerals and Auxico’s progress in developing its monazite projects.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here to access InvestorChannel.com), Frederick tells Tracy, “I don’t think the world fully appreciates that we are in a full-blown economic war for critical materials,” with China dominating the critical materials sector. Auxico is pursing projects in other countries, like the DRC and Brazil. “We are sales agent for our sister company Central American Nickel which is currently producing monazite from the Democratic Republic of Congo,” he says in the interview. “Within 2 years, 18 months, I’m going to be able to also deliver monazite from Brazil from processing tin tailings,” he continued, “and then secondly I’m also going to be able to deliver monazite from Colombia.” He also discusses Auxico’s advantage in having a monazite deposit that is low to non-radioactive, eliminating one of the biggest problems in processing.

With a NI 43-101 technical report being prepared for its Brazil project and an updated one for the company’s Colombia property, Frederick goes on to say that he and Auxico are looking forward to meeting increasing demands for rare earths and other critical minerals. “The governments around the world are are getting going, but there is some inertia. I’m doing it now because I’m not waiting for the governments of the world to say: ‘Oh we have a problem.’ We know we have a problem and I’m going to be part of the solution.”

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About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. is a Canadian company that was founded in 2014 and based in Montreal, trading on the Canadian Stock Exchange (CSE) under symbol AUAG. Auxico is engaged in the acquisition, exploration and development of mineral properties in ColombiaBrazilMexicoBolivia 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.

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