Pierre Gauthier of Auxico Resources talks about recent off-take agreements and rare earths trades

In this InvestorIntel interview with host Tracy Weslosky, Auxico Resources Canada Inc.’s (CSE: AUAG) Chairman and CEO Pierre Gauthier talks about recently announced off-take agreements for tantalum and tin and successful trades of rare earths from its DRC project.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Pierre explains that “we’re in the rare earth business but the byproducts are as important as the earths themselves… What we’re looking at is to start off by producing a concentrate of tin with off-take agreements for tin. It’s a large market and easy market to access.” Auxico’s Massangana project in Brazil has 30 million tons of tailings with a 0.65 tin content, as well as niobium, tantalum and monazite. “It puts us on third base in terms of a project in terms of cash flow,” he tells Tracy, and “if we could be making cash flow from tin and niobium then those are tremendous credits against rare earths and reduce our cost of producing rare earths just about down to nothing.”

Pierre also discusses Auxico’s rare earths project in the DRC, which has already made two successful trades of rare earths monazite sands. He explains how it has a low extraction cost as a sand compared to hard rock mining, and uses their unique, patented ultrasound technology to separate and recover the rare earths metals at a fraction of the usual time and cost.
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About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. (“Auxico” or the “Company”) 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

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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.

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