AsiaBaseMetals Inc. (the "Company") is focused in the Mining sector for value driven projects/assets; globally. The Company led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value is advancing its current projects and seeking to acquire, explore, and develop high quality mineral assets in safe, mining friendly jurisdictions.
The Company's current 100% owned Gnome project ("Gnome Project" - Zinc & Cobalt), in the heart of an area that is home to both the Cirque and the Cardiac Creek Deposits, is located in a world-class mining district in Canada, one of the safest and mining friendly jurisdictions in the world. The Company is awaiting the grant of the previously applied for exploration permits at the Thazi project ("Thazi Project" - Lithium) in Myanmar.
The Company, having completed the spin-out ("Spin-Out") of three (3) companies ("Spin-Co's") under & pursuant to a Plan of Arranagement (view details under caption "A Two-Decade & Three Generation History" provided below), using previously acquired non-core assets, is continuing to diversify its asset portfolio via timely value-driven project acquisitions. The Company is reviewing advanced projects for base metals, alkali metals, and other resources in the current cyclical commodity markets down-turn, and advanced projects for precious metals (Gold & Silver) to cease and participate in the exceptionally favourable upcoming market conditions for precious metals; as generally expected and predicted by the market, likely resulting from the forecasted current global economic-enviornment and conditions.
"BUILDING & ENHANCING SHAREHOLDER VALUE"
Raj Chowdhry, President, CEO & Chairman.stated"The Company’s entry into Myanmar, a country having both China and India as neighbours (combined population of almost three billion people) who likely represent the largest buyers of gold, Copper and Zinc, and users of batteries in the world, is a significant move. Myanmar being endowed with impressive geology will allow the Company, now having commenced operation in the country successfully, to also pursue other assets, including Gold, Silver, Copper , and Rare Earth Minerals. We look forward to capitalizing on the first mover advantage while adding and contributing to the growth of the country and its people.".
A SUCCESSFUL & EXPERIENCED TEAM
DISCOVERING & ACQUIRING
CAPITALIZE ON COMMODITY & MARKET CYCLES DOWN-TURNS
"THE RIGHT TIME TO CAPITALIZE IS NOW"
DISCOVER & ACQUIRE RESOURCES
Gnome Project: The Gnome Project (Zinc / Cobalt), 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.). The Cirque & Cardiac Creek Zinc deposits have no reported Cobalt. Show-Details...more ..
Discovery of Cobalt (Co)
First in the region, together with Zinc (Zn).
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 , pursuant to the latest estimate, by April 30, 2021. 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 ...
The Company has applied for an exploration permit for the Thazi Mineral Claims from Myanmar's Ministry of Mines ("M-MM"), opened a local branch/rep-office ("ABZ-Myanmar-Office") and opened a local bank account, commencing its operations in Myanmar; having earlier received registration ("ABZ-Myanmar-Registration") from The Directorate of Investment and Company Administration ("DICA"), which handles company registrations for foreign businesses and serves as a secretary to Myanmar Investment Commission (the "MIC"), the responsible body for investment application. more ...
"The Company’s entry into Myanmar, a country having both China and India as neighbours (combined population of almost three billion people) who likely represent the largest buyers of gold, Copper and Zinc, and users of batteries in the world, is a significant move. Myanmar being endowed with impressive geology will allow the Company, now having commenced operation in the country successfully, to also pursue other assets, including gold, silver and copper assets. We look forward to capitalizing on the timely first mover advantage while adding and contributing to the growth of the country and its people." stated Raj Chowdhry, President, CEO & Chairman
A Two-Decade & Three Generation History
Spin-Co's: The Company, under a plan of arrangement pursuant to a spinout transaction ("Spin-Co's") by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia, Canada) (the “Arrangement”), completed the creation of three (3) Spin-Co's (having received the final order from the Supreme Court of British Columbia, Canada on July 27, 2020); where each shareholder of AsiaBaseMetals Inc., as of the record date, received shares (on 1 share for 1 share basis), effectively at no cost in each of the three (3) Spin-Co's (see News Release - Sep 2, 2020).
Mantra Exploration Inc.
Mantra Pharma Inc.
Mantra 2 Real Estate Inc.
In effect these Spin-Co's were completed 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 ...
“This journey for the original Shareholders started with a Capital Pool Company ("CPC"), and with the CPC having gone through a 8 shares for 1 share forward split, the shareholders have now gone through two series of spin-out transactions. The original shareholders have now been delivered a third generation of companies, at no additional cost. Along this journey the original Shareholders have participated in a recently permitted copper project (Sandfire Resources America Inc. – market cap approx. $200m), an exciting Cobalt/Zinc. exploration project adjacent to an established Zinc deposit (AsiaBaseMetals Inc. - market cap (Sep 1, 2020) approx. $17m) and now as the third generation; being (1) Mantra Exploration Inc., (2) Mantra Pharma Inc. and (3) Mantra 2 Real Estate Inc., all on a 1 share for 1 share basis, at no cost. Upon successful listing of the (3) three new Spin-Co companies on various stock exchanges (as planned and anticipated), the currently undeterminable value of the Spin-Co's will come to a determinable fruition; once again rewarding the long-standing Shareholders."stated Raj Chowdhry
THE PATH FORWARD - CONTINUE TO IMPLEMENT BUSINESS PLAN
Diversify Assets - Special Attention Directed to Advanced Assets in the Americas, Asia, Africa & the European Union (EU)
AsiaBaseMetals Inc.'s business plan, given the current global economic and political environment and the projected anticipated outlook going forward, as deemed prudent is to diversify its assets. The Company is continuing to seek out additional Base-metals and Precious metals, mineral assets, and when appropriately warranted, production of precious metals (gold and/or silver); base metals (copper and/or zinc) the leading base metals for economic growth; and industrial metals (Cobalt and/or Lithium), the fundamental components for the exponentially growing power storage battery market sector.
Accordingly, the Company's highly focused and experienced business and mining team, on the board of directors (the "Board") and the advisory board (the "Advisory Board"), has commenced reviewing new business opportunities, including identified advanced base metal, alkali and precious metals assets, with special attention directed to assets in the Americas (Mexico, Chile, Peru, Argentina, Colombia & Ecuador), Asia (Myanmar) and Africa [Guinea, Mali & Democratic Republic of Congo (DRC)].
Advance Current Zinc / Cobalt (Gnome) Project Prudently & Economically
The Gnome Cobalt/Zinc project is located within highly prospective geological area in Canada, one of the safest and mining friendly jurisdictions in the world, and especially where other world-class projects are currently being advanced by notable well-known and well-funded companies' who are likely to continue to upgrade the infrastructure and the access in the area to allow for production, thereby continually reducing the exploration and access costs. Pursuant to the Company's business plan, the project was acquired upon the completion of a previous extensive review of upcoming future global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Cobalt, Zinc., at what management believes to be exceptionally low prices, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders.