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AXMIN Inc. (AXM.V)

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  • S
    StockSearch55
    Q2 results came out last friday and it looks like progress is being made on Passendro and the Bambari expansion leases, as per the MD&A highlight below. Also keep in mind that Axmin Inc has updated their website which is nice to see, so hoping for a new company presentation soon. Teranga Gold is drilling/sampling on our JV claim and we have 4 new targets, with a total of 20 now.

    Page 6 on the MD&A:

    On June 8, 2020, Aurafrique and Somio Tongou, through its lawyers, Cabinet Mboli-Goumba & Associes, filed a request for arbitration with the government of the Central African Republic and the Chambre Arbitrale Internationale de Paris for its permits On July 24, 2020, the Ministry of Mines and Geology of the Central African Republic accepted the request from Aurafrique and Somio Tongou for arbitration with the Chambre Arbitrale Internationale de Paris for the status of their properties. On August 18, 2020, the parties agreed that the location of the arbitration be the city of Abidjan, Côte d’Ivoire.
  • A
    Andrew
    .0025 option go free trading today caution is in order
    Outstanding Options and Warrants (as of December 31, 2019)

    Number of options

    Exercise Price(Cdn$)

    Expiry Date

    2,625,000

    $0.025

    September 17, 2020

    4,900,000

    $0.05

    September 24, 2022

    3,750,000

    $0.60

    July 1, 2024
  • S
    StockSearch55
    While we wait for AXM's Q2 financial/MD&A results to come out shortly(unless it's delayed like last quarter), Teranga Gold filed a new 43-101 and it clearly shows in the maps on Sedar(link below) that they added 4 new targets on the JV claim with Axmin. Those four targets are 20% unless converted to a 1.5% NSR. We are also waiting for results from their drill program. This means AXM has 20 targets now, compared to 16(all 1.5% NSR).

    AXM should hopefully have an update on it's CAR legal case as well in the next MD&A

    TGZ Sedar link - https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030562
  • A
    Andrew
    The End Is Near For Axmin Its Over gone by year end..
    axmin lost the property to the rebels over ten years ago , they also wrote the investment off in full at that time, nothing and i mean nothing has been done in those ten years other then a story, and all it was a story, fast forward ten years the country the C A R took the property off of axmin this january and gave it too another firm with a russian background, axmin is trying through the courts to try too get it back in africa you say , another story

    its over for axmin a fair in africa you say , you have a better chance of getting a soparno satin doll then that happen

    axmin will be gone before the end of the year, it should have been gone ten years if it wasnt for the lies and scams.
  • S
    StockSearch55
    Information Regarding “Au Group Ltd” – Axmin Inc’s Joint Venture Partner

    Axmin Inc.(AXM.V) announced on January 20th 2020 that their “first” strategic partner would be a company named “Au Metals Ltd” which is a subsidiary of “Au Group Ltd”. This was great news, but the issue was that “Au Group Ltd” is a private company (limited information online) and therefore many shareholders did not know the financial push that they could assist Axmin with. This is why the stock did not get the true value appreciation it deserved. There was obviously some confidentiality agreement signed where they could not disclose more information regarding “Au Group Ltd”. On March 3rd 2020, a small update stated that things have progressed with the Joint Venture partner. Then on April 27th 2020, the company had announced a postponement to the financials and an update due to COVID-19 and auditor delays.

    In the meantime, I have tried several times to research this “Au Metals Ltd” with little luck. This is understandable because it’s private, so I decided to try and look for “Au Group Ltd” instead. Being the parent company, this would give a good indication as to what kind of projects or investments this private group does. After much time spent researching, I found some great content which connects this group to what Axmin has stated. Not only is “Au Group Ltd” part of a state owned enterprise, but their treasury is likely in the billions. This is why Axmin likely chose them as a partner after having numerous offers, as stated in a news release on May 6th 2019.

    Note: “Au Group Ltd” also goes by the name “Aomei Group Co” which is stated in the registration below. Even with all the names researched “Aomei Group Co”, “Au Group Ltd”, “Au Metals Ltd”, “Au Ventures Ltd” there still isn’t tons of information. Either way, these are all the articles I could find. If I looked up “Aomei Group Co” articles would show up with the name “Au Group Ltd”

    Axmin News Release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/422-tsx-venture/axm/72159-axmin-announces-letter-of-intent-with-first-strategic-partner.html

    Axmin Inc. has signed a letter of intent for the development of its Passendro gold asset in the Central African Republic (CAR) with Au Metals Ltd., a subsidiary of the Au Group Ltd. Au Metals is a gold and copper mineral focused venture capital firm established in 2015 in Hong Kong, special administrative regions, and the British Virgin Islands. Au Metals, through its related company Au Ventures Ltd., operates venture capital funds. Au Metals has been involved with numerous mining companies. Au Metals' team also has operational experience in projects throughout Asia, Africa, North America and Australia. Au Metals is well connected in the mining industry, and has close relationships with corporate and state-owned enterprise mining operations and investors in the Asia region. Au Metals maintains offices in Hong Kong, Beijing, Sydney, Melbourne, Perth and Brisbane.

    Au Group Ltd Registration: https://www.hongkongcompanylookup.com/company/2204323/

    Au Group Limited was established in Hong Kong on February 16, 2015. The company number is: 2204323, which belongs to a private limited company. The company's annual review date is after the establishment of the next year, from February 16 to March 30 every year. As of today, the company has operated for 5 years, 3 months and 0 days.

    Article From China Daily In 2016: https://wxn.qq.com/cmsid/2016070505858500

    Important Segment: Recently, Beijing Real Estate Market Co., Ltd., together with Au Group Ltd and Kuafu Properties, held a real estate investment appraisal meeting at No. 1289 in Lexington, Manhattan s Upper East Side. The project is located at the intersection of 86th Street and Lexington Avenue in the Upper East Side of Manhattan. It is in the core commercial and high-end residential area. The 10028 postal area is one of the richest areas in the United States and Manhattan. It has 18-storey luxury apartments and 3-storey corner retail shops. We have received a letter of intent for a world-renowned brand for 15 years.



    Shanghai Real Estate site that mentions Au Group Ltd: http://3sfc.com/zufang/1/10019.html

    Important Segment: Beijing Real Estate Market Co., Ltd. joined with Au Group Ltd., and affordable housing is a government-sponsored project to solve the housing problems of low-income and lowest-income families. Hefei Apartment ranked among the top six in Chengdu.

    About Kuafu Properties: http://kuafuproperties.com/

    Kuafu Properties LLC is a privately held, fully integrated real estate development and investment company based in New York City. Kuafu was established with the vision of being the ultimate bridge between Chinese and other international investors to the overseas real estate market in the United States. This bridge has been established by building a team of local market experts (investment, development, construction, sales & marketing
  • S
    StockSearch55
    2019-11-29 06:28 MT - News Release

    Ms. Lucy Yan reports

    AXMIN ANNOUNCES FINANCIAL RESULTS FOR THE NINE MONTHS ENDING SEPTEMBER 30, 2019 AND OPERATIONS UPDATE

    Axmin Inc. has released highlights from its unaudited interim financial report for the nine months ended Sept. 30, 2019. All amounts included in this news release are in U.S. dollars.

    Financial results:
    During the three months ended Sept. 30, 2019, the company did not receive royalty income as the Gora project is now complete. For the nine-month period, Axmin received royalty income of $563,028.
    The net loss for the three months ending Sept. 30, 2019, was $817,006 of which $689,955 was due to accounting for the issuance of share options to directors and management during the quarter. Net of this allowance, the net loss was $127,051.
    Liquidity and capital resources:
    As at Sept. 30, 2019, the company had cash on deposit in the amount of $1,396,303.
    Operations update

    Axmin and the government of the Central African Republic (CAR) have been in extensive discussions over the last several months as to the development of the company's Passendro deposit. Both the company and the government of the CAR wish to see a rapid development of the asset, however the security situation in the area surrounding the company's development area has unfortunately not stabilized as quickly as the government and the company anticipated. This is expected to improve in the near term, and in the interim the company is starting activities that are practicable given the current situation.

    Axmin has the requisite equipment in country to commence an initial site survey to further the previously defined site reclamation and rapid production plan. The implementation of this survey is in process and the company will provide timely updates on the social media platforms.

    The company has also identified several humanitarian projects that have high positive social impact but low capital expenditure that are being commenced at this time. It has always been the company's intention to work for the benefit of all stakeholders in the project and improving the lives of the residents in the village near the company's asset is clearly in line with these goals.

    The negotiations as to the choice of strategic partner have also been delayed slightly due to the security situation but talks are on going and meetings will be held in Beijing in early December in this regard.

    About Axmin Inc.

    Axmin is a Canadian exploration and development company with a strong focus on central and West Africa.

    We seek Safe Harbor.

    © 2019 Canjex Publishing Ltd. All rights reserved.
  • S
    StockSearch55
    The Government of the Central African Republic (CAR) Announces a Peace Agreement with Armed Groups

    Vancouver, British Columbia--(Newsfile Corp. -February 12, 2019) - AXMIN Inc.(TSXV: AXM) ("AXMIN" or the "Company") notes the following news release.

    OnSaturday February 2, 2019 the Government of the CAR announced on social media that an agreement for peace had been made at the talks taking place in Khartoum. The Government stated that the agreement would be initialed on Sunday February 3, 2019 and thereafter it was signed in Bangui onFebruary 6th.

    The agreement comes after discussions that were facilitated in Khartoum by the African Union and the Untied Nations with assistance from Russia. The key points of this agreement are:
    An immediate cessation of violence by the armed groups against defense and security forces, UN personnel, humanitarian workers and the general population.
    The armed groups will respect the legitimacy of the CAR's institutions and will disband.
    The Government will analyse the reintegration of the leaders of the armed groups who previously served as civil servants or in the military.
    The Government will set up a Truth, Justice, Reparation and Reconciliation Commission within 90 days.
    The parties to the agreement will undertake to set up mixed security units that will include both the defense and security forces as well as former members of the armed groups.
    A Prime Minister will be appointed drawn from a representative of the former armed groups.
    The former armed groups will have the right to start political parties without hindrance.
    Ambassador Smail Chergui, the African Union Commissioner for Peace and Security stated on social media:

    … I am humbled to announce that with the exemplary cooperation I received from both the Government of the CAR(@GouvCF) and the 14 armed groups, we have secured a#peaceagreementtodayin the interest of the people of#CAR.

    Separately onThursday January 31, 2019 the United Nations Security Council voted unanimously on a resolution drafted by France that provides for a road map to lift the arms embargo on the CAR. This resolution states that the Council will establish requisite benchmarks byApril 30, 2019 and will assess progress on these benchmarks byJuly 31, 2019. The Council will then review the arms embargo measures bySeptember 30,2019.

    The resolution welcomes 'the significant efforts made by the CAR authorities' to advance security sector reform, including by developing a national defense plan and national security policy. This resolution acknowledged 'the urgent need for the CAR authorities to train and equip their defense and security forces to be able to respond proportionately to threats to the security of all citizens in the CAR.' The Council stated that it had granted several exemptions to allow shipments of weapons from France, Russia, China, the United States and Belgium for the CAR's army.

    AXMIN's Chairman and CEO Lucy Yan stated:

    AXMIN is delighted to hear that a peace agreement has been reached in Khartoum and hope that this agreement will be honored and bring security and stability to the CAR. The Company believes that the combination of the agreement together with the eventual lifting of the arms embargo should provide both the framework for stability and also the effective method of enforcement by equipping and deploying the military forces of the Government of the CAR. We look forward to being back on site and working on developing the Passendro asset as soon as conditions allow in the near future.

    A further press release regarding the security situation in Ndassima, the location of the Company's Passendro asset, will be made when appropriate to do so.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the political situation at its Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website atwww.axmininc.com. Please also follow us on Facebook.https://www.facebook.com/axmininc

    For additional information, please contact AXMIN Inc.:

    Lucy Yan
    Chairman and CEO
    ceo@axmininc.com
    AXMIN Inc.

    General Enquiries
    David de Jongh Weill
    Chief Financial Officer and Corporate Secretary
    david@axmininc.com
    +65 9781 8281

    Investor Relations
    ir@axmininc.com
    www.axmininc.com
  • S
    StockSearch55
    Axmin signs Passendro development LOI with Au Metals

    2020-01-20 07:12 MT - News Release

    Ms. Lucy Yan reports

    AXMIN ANNOUNCES LETTER OF INTENT WITH FIRST STRATEGIC PARTNER

    Axmin Inc. has signed a letter of intent for the development of its Passendro gold asset in the Central African Republic (CAR) with Au Metals Ltd., a subsidiary of the Au Group Ltd.

    AU Metals is a gold and copper mineral focused venture capital firm established in 2015 in Hong Kong, SAR and the BVI. AU Metals through its related company AU Ventures Limited operates venture capital funds. AU Metals have been involved with numerous mining companies. AU Metals' team also has operational experience in projects throughout Asia, Africa, North America, and Australia. AU Metals is well connected in the mining industry and has close relationships with corporate and state-owned enterprise mining operations and investors in the Asia region. AU Metals maintains offices in Hong Kong, Beijing, Sydney, Melbourne, Perth, and Brisbane.

    Axmin has agreed with AU Metals to work together on the results of the ongoing site survey to define a scoping study based on the situation on site, the results and implications of illegal mining activity and the past exploration and geological analysis performed by the company. The Company will work with AU Metals to define what equity capital and debt facility will be required to implement the project in the CAR

    Dr. Wei Jin, executive president and managing partner of AU Metals stated, "We are excited with the prospect of collaborating with Axmin on its Passendro Gold Asset. AU Metals has the expertise to help bring the asset to the next level and we feel that our networks in the mining industry can help this partnership realize success."

    Axmin Chairman and CEO Lucy Yan said, 'We are delighted to be working with AU Metals to accelerate the development of the Passendro Gold Asset. The Company values the extensive track record and expertise of AU Metals and are confident that working with this strategic partner will ensure a successful realisation of the project for the benefit of all shareholders and stakeholders concerned.'

    About Axmin

    Axmin is a Canadian exploration and development company with a strong focus on central and West Africa. Axmin is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer.

    We seek Safe Harbor.

    © 2020 Canjex Publishing Ltd. All rights reserved.
  • S
    StockSearch55
    TGZ Buys Similar Sized Deposit To AXM's Passendro Mine For $380 Million

    Axmins joint venture partner in Senegal announced today that they purchased 90% of a 2.6 million ounce gold deposit from Barrick for $380 million. This is significant for two reasons:

    1) Axmin's Passendro gold mine has a proven resource of 2.5 million ounes, two million being higher grade and the rest lower grade. Regardless, it's similar in size.

    2) Axmin still has a 20% interest in Senegal with Teranga Gold on 338km2 of land, along with 17 royalty targets.

    AXM recently announced going back to site a couple weeks ago to survey Passendro, therefore making the project real again, alongside a meeting with the joint venture partner this month (see latest news release). This is again proof that the company trades at a major discount to it's peers.

    From the Teranga Gold news today:

    Teranga Gold to acquire 90% of Massawa project

    2019-12-10 05:42 MT - News Release

    Mr. Richard Young reports

    TERANGA GOLD TO ACQUIRE HIGH-GRADE MASSAWA GOLD PROJECT, ACCELERATES REPOSITIONING AS LOW-COST, MID-TIER PRODUCER

    Teranga Gold Corp. has entered into a definitive agreement pursuant to which it will acquire a 90-per-cent interest in the Massawa gold project from a wholly owned subsidiary of Barrick Gold Corp. and its joint venture partner, Compagnie Senegalaise de Transports Transatlantiques Afrique de l'Ouest SA (CSTTAO), with the government of Senegal holding the remaining 10-per-cent interest in Massawa. (All amounts are in U.S. dollars unless otherwise stated)

    Massawa is one of the highest-grade undeveloped open-pit gold reserves in Africa (2). It is located within trucking distance of Teranga's flagship Sabodala Gold Mine ("Sabodala") in Senegal, creating the opportunity for significant capital and operating synergies(3). The proximity of the projects and the combination of Sabodala's mill and Massawa's high-grade ore (the "Sabodala-Massawa Complex") are expected to scale Sabodala into a top tier asset.

    "The Massawa acquisition is transformational for Teranga and - by creating a top tier gold complex - the first in the country - an important milestone for the gold mining industry in Senegal," said Richard Young, Teranga's President and Chief Executive Officer. "We anticipate that production from the Sabodala-Massawa Complex, together with our Wahgnion Gold Mine ("Wahgnion") in Burkina Faso, will increase Teranga's targeted consolidated annual gold production and reposition Teranga as the next multi-asset, low-cost, mid-tier gold producer in West Africa, one of the world's premier gold mining regions."

    Total aggregate consideration for the Transaction is $380 million upfront (the "Upfront Consideration") plus a gold price-linked contingent payment (the "Contingent Consideration" and together with the Upfront Consideration, the "Consideration"). The Consideration will be in the form of cash and common shares of Teranga ("Teranga Shares"). See below for details on the financing of the Transaction.

    Transaction Highlights

    Teranga to acquire one of the highest-grade undeveloped open-pit gold reserves in Africa (2)

    The historical mineral reserves base of the Massawa project is 2.6Moz from 20.9Mt at 3.94 g/t Au and is one of the highest-grade undeveloped open-pit gold reserves in Africa. This will augment Sabodala's mineral reserves base of 2.4Moz from 55.7Mt at 1.35 g/t Au (see Appendix, Tables 1 and 2).
  • S
    StockSearch55
    Some important things to note today:

    1) David Weill the CFO exercised nearly $80,000 worth of options in Axmin Inc. Based on his already outstanding position of 1.7 million shares, he now has more than double that in common shares. To date he has not sold a single share in 9 years of being a director : https://ceo.ca/api/sedi?insider=&symbol=AXM&date=&transaction=&amount=&undefined[company_symbol]=AXM

    2) It's been a year since the peace agreement and much of the Central African Republic is under State Authority again, with the exception of the far north. At this point in time, FACA/MINUSCA are finishing this area off and it is my belief that we will see all of the Central African Republic under state authority by the summer time: https://news.un.org/en/story/2020/02/1057731 Axmin's Passendro property is in the center of the country, within the secured zone.

    3) Next Thursday, the Bangui Mining Expo will begin. This is the first international promotion of CAR since 2011. This will change the tide of investment sentiment towards the country.
    - https://semicacentrafrique.com/ : official site (French)
    - article from the CAR government website: http://mines.gouv.cf/actualite/134/point-de-presse-au-ministere-des-mines-et-de-la-geologie

    Mon 2/17/2020 - 12:00
    Following his participation in Captown in South Africa in the INDABAH Mining forum, The Minister of Mines and Geology, Léopold MBOLI FATRAN held a press point in his cabinet.

    According to the Member of the Government, this great forum which brings together all the actors of the mining sector of Africa and the investors of the whole world enabled him to promote SEMICA Central African Republic, the Exhibition of Mines and Petroleum in Central African Republic with the exhibitors. The said Fair will be held under the patronage of the Head of State, HE Professor Faustin Archange TOUADERA, from February 27 to 29 in Bangui.
    This forum also allowed several bilateral meetings, the Minister of Mines and Geology met the Canadian Minister of Mineral Resources, during their interview they talked about current affairs concerning the two countries and the strengthening of their bilateral cooperation. met with emissaries from Botswana who confirmed the upcoming arrival of Botswana experts who will be responsible for assessing the Central African mining production system. He also met the South African Minister of Mineral Resources who has renewed the confidence his government has in the mining sector of the Central African Republic, he also promised to intensify the cooperation that already exists between the two countries through an agreement signed two years ago.

    4) Gold is currently at $1,620 USD per ounce and Axmin has a proven reserve of 2 million ounces, yet the stock is trading at a yearly low. This would be ideal time to reassess the company, the country it operates in and the asset it carries. Also remember that Axmin owns a large position in Senegal as well.
  • S
    StockSearch55
    Two videos that came out this week from reliable news sources(BBC & France 24). CAR is getting a huge boost from Russia and in return the Russians will be working on getting mining/exploration going on in the Central African Republic. This is big news because once they make it safe enough for Russia to work in the country, then Axmin Inc. will also have this ability in the near future, thus adding tremendous value back to the stock( 3 million ounce gold deposit on a $15 million market cap company)

    BBC - http://www.bbc.com/news/av/world-africa-44293080/russia-and-the-central-african-republic-a-curious-relationship

    France 24(Via Youtube) - https://www.youtube.com/watch?v=mGyv-YzQixk
    Russia is providing military support to the Central African Republic (CAR) – but what is Moscow getting in return?
    Russia is providing military support to the Central African Republic (CAR) – but what is Moscow getting in return?
    www.bbc.com
  • S
    StockSearch55
    Central African Republic Mining Expo Information

    https://semicacentrafrique.com/

    That is the official website. If CAR is open for business then Axmin should have no issues getting the JV done and back to work. As per the early December news:

    Axmin has the requisite equipment in country to commence an initial site survey to further the previously defined site reclamation and rapid production plan. The implementation of this survey is in process and the company will provide timely updates on the social media platforms.

    The company has also identified several humanitarian projects that have high positive social impact but low capital expenditure that are being commenced at this time. It has always been the company's intention to work for the benefit of all stakeholders in the project and improving the lives of the residents in the village near the company's asset is clearly in line with these goals.

    The negotiations as to the choice of strategic partner have also been delayed slightly due to the security situation but talks are on going and meetings will be held in Beijing in early December in this regard.
  • S
    StockSearch55
    AXM results out. Couldn't post it on here as usual. Check out SEDAR for filings info. Some delays in CAR due to someone internally trying to steal the claim and then Senegal is moving forward with some extensive work on two gold anomalies.
  • M
    M.A.
    April 1st
    Time to keep this train moving uphill!
    Good things to come.
  • S
    StockSearch55
    Accelerating economic recovery in the Central African Republic

    https://moderndiplomacy.eu/2020/01/31/accelerating-economic-recovery-in-the-central-african-republic/

    Published 3 days ago on January 31, 2020By Newsroom

    A conference on “Strengthening capacity building in periods of economic recovery through South-South and triangular cooperation”, has been organized by the government of the Central African Republic, together with the International Organization of La Francophonie (IOF), the United Nations Office for South-South Cooperation (UNOSSC) and the United Nations Industrial Development Organization (UNIDO).

    Chaired by the Minister of the Economy, Planning and Cooperation of the Central African Republic, Félix Moloua, the Conference included plenary sessions, sectoral meetings and technical training workshops focusing on youth entrepreneurship and quick-impact initiatives. The event, which mobilized 32 national and international representatives and experts, helped to strengthen the operational capacities of young people and women to implement economic regeneration projects. It also provided an opportunity to explore, along with international partners, trade- and industry-related cooperation models in the fields of agribusiness and of Information and Communication Technology (ICT).

    “Through its interventions to strengthen the skills necessary for productive employment, UNIDO helps to establish social cohesion and equity, allowing the development of stable societies and the implementation of the Sustainable Development Goals,” said Tidiane Boye, UNIDO Representative in Côte d’Ivoire.

    Manuel Mattiat, Programme Officer in UNIDO’s Region Division for Africa, added that “UNIDO works for Central Africans alongside its partners, such as the IOF, in order to accelerate economic recovery by involving young people in entrepreneurship and through the development of income-generating activities.”

    Training sessions provided during the event concluded with 91 young people being certified on entrepreneurship practices and 60 officials and non-governmental organization leaders on quick-impact initiatives. Sectoral meetings focusing on the cotton industry were also held between representatives of Egypt and the Central African Republic.

    At the end of the conference, nearly 200 participating Central Africans adopted recommendations to promote employability and entrepreneurship among young people. For example, it was agreed that young people will be trained in the car and motorcycle mobility industries. Young entrepreneurs will also be brought together in a consortium whose financing will be guaranteed by a trust fund supplied by local Central Africans. Also, Central African authorities will aim to ensure that 10 per cent of public procurement and contracts will be allocated to young people and 20 per cent to women.

    Representatives of UNIDO and the IOF met with several partners and stakeholders likely to contribute to the implementation of the government’s National Recovery and Peacebuilding Plan of the Central African Republic (RCPCA) with the aim of identifying avenues to further develop and implement the recommendations adopted at the event, including the ones related to the establishment of a consortium of incubators dedicated to the digital economy, agro-industry, financial technology (Fintech) and mobility.

    This event was preceded, on 14 December, by a public dialogue which brought together a hundred young people and women from Bangui to look at challenges related to the employability of youth, the country’s economic recovery and the revival of productive sectors.

    The participants and organizers expressed their desire to explore possibilities of organizing a second edition of the Bangui Economic Conference in the near future.
  • S
    StockSearch55
    Yesterday we saw Teranga Gold announce a $400 million acquisition for a gold property in Senegal which sits literally several kilometers away from Axmin's property. After analyzing the news release again, I noticed something very important in the same article under the end notes. It states the highest grade undeveloped open pit gold projects in Africa. In this portion it mentions Passendro, Axmin's gold project in CAR. This is important because out of hundreds, if not thousands of gold projects across the African continent, AXM holds one of the best. The market will soon see the value unfold as joint venture talks are currently underway and a site survey as well (see last news release from the company).

    https://www.newswire.ca/news-releases/teranga-gold-to-acquire-high-grade-massawa-gold-project-accelerates-repositioning-as-low-cost-mid-tier-producer-886868683.html

    as per the end notes:

    The highest-grade undeveloped open-pit gold reserve in Africa statement is based on publicly filed data available on S&P Capital IQ as at November 15, 2019, and includes the following projects: Sanbrado project (Burkina Faso), Tulu Kapi project (Ethiopia), Passendro project (Central African Republic), Yaoure, (Côte d'Ivoire), Wa-Lawra project (Ghana), Baomahun (Sierra Leone), (Block 14) Sudan, (Bombore) Burkina Faso. Other companies may calculate their respective reserves base differently.
  • S
    StockSearch55
    AXMIN Announces Changes in Board of Directors and Management

    https://www.juniorminingnetwork.com/junior-miner-news/press-releases/422-tsx-venture/axm/74025-axmin-announces-changes-in-board-of-directors-and-management.html

    2020-03-02 06:00 MT - News Release

    Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) - AXMIN Inc. (TSXV: AXM) (the "Company" or "AXM") announces the resignation of its Chief Financial Officer and member of the Board of Directors, Mr. David de Jongh Weill, effective February 28, 2020.

    "It has been very satisfying to see how this Company has evolved over the past year. I'm excited to pass on the baton to my successor and will be actively following the progress of the company," says Mr. Weill.

    CEO and Chairman of AXMIN, Ms. Lucy Yan, comments, "On behalf of the entire Board of Directors, I would like to thank David for his many contributions to AXMIN over the past years and we wish him all the best in his other ventures."

    The Company would also like to announce the appointment of Ms. Terry Wong as a director of the Company, subject to the approval of the TSX Venture Exchange.

    Ms. Wong is a Chartered Professional Accountant and a Chartered Business Valuator. She has over 15 years of financial experience working for both private and public companies. She has also worked closely with companies and professionals within the finance, mining, and energy industries. Ms. Wong has advanced knowledge of Canadian GAAP and IFRS regulations.

    Ms. Yan comments, "We are pleased to welcome Terry to AXM's Board of Directors. We are confident that Terry's expertise with both the Greater Chinese and Canadian capital and public markets will service AXM well as the company moves forward with its partnership with AU Metals Limited."

    The Company would also like to announce the appointment of Ms. Yan as Interim CFO while a suitable replacement is found.

    About AXMIN

    AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely monitor the political situation at its Passendro Gold Project in the Central African Republic. For more information regarding AXMIN visit our website at www.axmininc.com. Please also follow us on Facebook. https://www.facebook.com/axmininc For additional information, please contact AXMIN Inc.:

    Lucy Yan
    Chairman and CEO
    ceo@axmininc.com
    AXMIN Inc.
    Investor Relations
    ir@axmininc.com
    www.axmininc.com

    Background of Terry Wong: https://www.linkedin.com/in/terry-wong-cpa-cma-cbv-24715433/
    VP of Business Development
    Company NameNAI Interactive Ltd.
    Dates EmployedMay 2011 – Present
    Employment Duration8 yrs 11 mos
    LocationVancouver, Canada Area
    o Has in-depth experience in a variety of industries, including mining, oil and gas, life science/health care, and technology.
    o Provide or assist the strategic development, internal valuation, relevant due diligence and marketing support for start-ups, small and medium enterprises and publicly-listed companies in North America
    o Outreach and relationship building for North America companies with parties in the Asia Pacific region that would be suitable for a strategic relationship, partnership, distribution, licensing, offtaking, manufacturing, or joint venture arrangement
    o Assist in the formulation of a corporate restructuring plan, serve as interim CFO for listed companies during transition if required
    o Coordinate different associates including lawyers, administrators, and auditors in taking projects public on the TSX or TSX-V Exchange

    Information regarding NAI Interactive: https://nai500.com/about-us/

    www.nai500.com
    NAI Interactive Ltd. (NAI), established in 1998, is a leading market intelligence and investor relations service provider for fast growing public companies trading on the North American stock exchanges. Our goal is to serve as a bridge between public companies and Chinese investors, nurturing investor loyalty and form functional networks via our unique platform. Throughout the years, NAI has established itself as the most trusted firm in providing market insights to Chinese investors. We strive to provide a more powerful platform for companies and investors to connect with each other.

    The 3 Strengths of NAI500
    Extensive Experience in the Business
    With 15 years in the IR business, NAI excels in the field of investor relations and market intelligence. Our professional team is specialized in targeting companies and connecting promising opportunities with investors.
    Comprehensive Coverage of the Market
    NAI hunts for investment opportunities from the perspective of an investor. Our extensive experience in the industry has helped build a vast network and ensures our access to the best market information in quantity and quality.
    Precise Positioning
    Our expertise in aggregating and distributing information has made us one of the most trusted sources to obtain company updates and analyses that are most important and relevant to investors.
  • S
    StockSearch55
    Interesting development here. Last night I decided to try googling "Central African Republic" in Chinese "中非共和国" and what I got were some amazing results. Despite not finding much activity when searching CAR in English, there are many Chinese websites showing companies, deals, etc. going on over there and how much more active of a participant China is in CAR. Why is this important for Axmin Inc. Well AXM/AXMIF is majority owned by major Chinese investors, run by Chinese Directors mostly, just announced JV news with a Chinese company that has connections to a SOE(State Owned Enterprise). What it boils down to is that Axmin will successfully get back to Passendro because we likely have much stronger support from Beijing than the market really understands. Articles below are all less than a year old, some are from this week.

    China-Africa diamond export policy changes, World Diamond Council issues notice : https://www.thediamondloupe.com/zh-hans/compliance/2019-12-06/%E4%B8%AD%E9%9D%9E%E9%92%BB%E7%9F%B3

    Groundbreaking Ceremony for China-Africa Photovoltaic Power Plant : http://www.chinca.org/CICA/info/20012110330111

    Zhongjiang International Group signs "Mining Agreement" with the Ministry of Mines and Geology of the Central African Republic : http://www.zjgj.com/news/2725.html

    Yu Weiguo Tang Dengjie Meets with Minister of Agriculture and Rural Development of China and Africa Fei Zulei : http://fjnews.fjsen.com/2019-12/15/content_30095071.htm

    Chinese New Year in Central African Republic : http://www.gzbgj.ceec.net.cn/art/2020/1/28/art_7618_2060134.html

    China Railway 11th Bureau 5th Company China Africa Co., Ltd. - http://www.wpinjobs.com/company/company-show-19238-.htm
    (The company is a branch of the China Railway Eleventh Bureau and the fifth company in the Central African Republic. The current task is the China-Africa Bangui Airport Security Emergency Project with a contract value of 9 billion CFA.)

    (Video) Chinese New Year In CAR - https://rmh.pdnews.cn/Pc/ArtInfoApi/video?id=11064299

    Chinese New Year at Bangui Friendship Hospital : http://world.people.com.cn/n1/2020/0128/c1002-31563462.html

    Central African Republic Mining Association Creates New Situation in China-Africa Mining : http://www.cnwnews.com/biz/2019/0528/05284255.html

    Li Dejin, Vice Governor of Fujian Province, led a delegation to visit the Central African Republic : http://world.people.com.cn/n1/2019/0422/c1002-31041539.html

    Interview: "Belt and Road" is an important topic of China-Africa cooperation-a visit to the China-Africa Republic : http://www.emmfilms.com/a/keji/20190712/226.html

    China-Africa "old friend" walks into Luochuan oil terminal : http://www.elucy167.com/info/1008/3805.htm

    Central African Republic ( China ) Tianbao Mining Company - https://www.mining120.com/com/tianbaofafafa/introduce/

    http://www.bjresource.com/archives/539

    Welcome to Ruishangsi (Beijing) Technology Consulting Co., Ltd!

    Recent Major Projects : Central African Republic (China) Tianbao Mining

    Release time: 2019-1-29Shareto:
    Completion time: June 2018

    Project Content: Field Investigation and Exploration Suggestions for the Abba Gold Mine, Carnot and Gadzi Diamond Sand Mine in the Central African Republic
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    StockSearch55
    Some positive developments, the last rebel held area of the Central African Republic is now under state authority, which means that the country is much safer and Axmin can finally get back to work soon on their 2 million ounce gold deposit. See news article below.

    For those that want to get in touch with the company, give Joe Tai a call at 1-604-307-9918

    https://corbeaunews-centrafrique.com/centrafrique-les-soldats-faca-de-retour-a-ndele/

    Central African Republic: FACA soldiers return to Ndélé.

    By Moïse BANAFIO, Journalist and CNC correspondent at Bria -May 13, 2020

    Ndélé (Central African Republic) - after 8 years of absence, soldiers from the Central African armed forces are back this Wednesday, May 13 in Ndélé, capital of the prefecture of Bamingui-Bangoran. A tangible sign of the return of state authority to this tourist town long occupied by armed groups.

    Welcomed in their jubilation upon their arrival by rebel leader Abdoulaye Hissen Ramadan and the local populations, FACA soldiers, on board dozens of military vehicles, were taken to the TP base, a former training and cantonment site for the rebels of the FPRC.

    A theater of confrontation between different rival armed groups, the city of Ndélé, emptied of its inhabitants since the last clashes between the FPRC and the RPRC, has just welcomed the FACA soldiers again after more than 8 years of absence. For the moment, according to a national army officer, the exchanges are very cordial between the FACA soldiers and the rebel fighters of the FPRC.

    The return of Faca soldiers to Ndélé is made possible thanks to the political agreement for peace and reconciliation in the Central African Republic (APPR-RCA), signed on February 6, 2019 between the government and the 14 armed groups, and supported by the community. international. Unfortunately, when the FACA returned to Ndélé, all the civilian populations were in the IDP camp near Minusca.

    Case to follow.
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    StockSearch55
    Financials out yesterday. I tried to contact the company and no reply, so still in blackout and makes sense given the long weekend and it would be a waste to put out news this week. Good to see Property, plant & equipment added back to the balance sheet which signals items are being accumulated for the return back to Passendro.