AsiaBaseMetals Inc. (the "Company"), focused in the Mining sector (focus - Global) as well as the Cannabis sector (focus - European Union - Croatia), and the Real-Estate Development sector (focus - Croatia), with the latter two sectors planned to be undertaken via plan of arrangement spin-out transactions, is a Company led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value. more ...
Commodity and Business Focus: Mining, Cannabis, Real-Estate Development, and Casino-Entertainment/Destination-Resorts: The Company intends to retain Commodity and Business focus in each of the Mining, Cannabis, Real-Estate & Casino-Entertainment/Destination-Resorts sectors as appropriate and applicable with shareholder support and approval, 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 ...
Spin-Co from AsiaBaseMetals Inc.: (at no cost to shareholders): The Spin-Co. from AsiaBaseMetals Inc., upon completion, will result in existing shareholders of the Company (as of the record date) receiving additional new shares in the Spin-Co. at no cost.
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DISCOVERING & ACQUIRING
MINING: 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 projects; 100% owned Gnome ("Gnome" - Zinc & Cobalt) and Jean ("Jean" - Iron Ore) projects in world-class mining districts in Canada, one of the safest and mining friendly jurisdictions in the world.
Discovery of Cobalt (Co) - Together with Zinc (Zn)
First in the region: Cobalt together with Zinc
Gnome Project: The Gnome Project (Cobalt / Zinc), 100% owned by AsiaBaseMetals Inc., encompassing 5,868 hectares (12 mineral claims) in the heart of an area that is home to both the Cirque and the Cardiac Creek Deposits, 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.). more ...
Thazi Project: Additionally, the Company is awaiting the grant of exploration permits (the "Permits") at the Thazi ("Thazi" - Lithium) project in Myanmar pursuant to a submitted application (expected shortly; per Myanmar permit review/granting/tracking system). The Company expects the permits to be granted by April 30, 2020. The Company intends to design its initial work program on the Thazi - Lithium project to explore for both hard-rock and salar-type deposit potential, using modern field techniques with International Organization for Standardization-approved mineralogical studies and analytical methods. more ...
Other Projects: The Company is reviewing additional mineral projects for possible acquisitions; . more ...
CANNABIS: The Company's review of the cannabis sector and markets and subsequent efforts to identify, pursue and implement opportunities in Europe, the largest up and coming western-culture cannabis market in the world (World population of approximately 7.4 billion with Europe representing approximately 740 million people, with EU representing approximately 512 million), has resulted in the Company entering in to a cooperation agreement (the "Cooperation-Agreement") with a city (the "City") within Croatia (the "Country" and/or Croatia), a member country of the European Union (the "EU"), as announced by the Company (News Release - June19, 2019).
The Cooperation-Agreement, under conditions set forth by law of the Country, is to obtain relevant licenses (the "Licenses") for growing and selling cannabis (Croatia having legalized Cannabis for limited medical use on October 15, 2015 and decriminalized it for personal use in 2013) for medical purposes ("Medical-Cannabis-Permit") and commercial purposes including recreational purposes when and if this becomes permitted by the law of the Country, through a company incorporated/held by the City ("City-New-Sub-Co-Ltd").
The City, having received clearance from the national government to file for the incorporation of City-New-Sub-Co-Ltd for applications of Medical-Cannabis-Permit, anticipates that City-New-Sub-Co-Ltd will be incorporated and be able to start business commencing at the end of July, 2020.
The City, pursuant to the Cooperation Agreement, will transfer 100% or majority interest in City-New-Sub-Co to AsiaBaseMetals Inc. upon securing the License. more ...
Please Review Company's "Code of Business Conduct" ...... & ......"Disclaimer - including Forward Looking Statements"
RETAINING COMMODITY & BUSINESS FOCUS
ABZ # 2
Entering Cannabis Sector
in European Union ("EU")
(100% or Majority Owned)
What’s Next? ……. ABZ - (Co/Zinc) .. ABZ- (Fe) .. (ABZ - (Li) .....
ABZ - (Real-Estate Development) / ABZ - (Casino-Entertainment/Destination Resorts) .......
"BUILDING & ENHANCING SHAREHOLDER VALUE"