Technology Metals Snapshot: Eight juniors developing next generation metals

While mining is best known for supplying the world with precious and base metals, technology metals – such as lithium, cobalt and transition metals – are needed for advanced applications, such as electric vehicle batteries, superalloys and within consumer electronics. Below, we provide an overview of eight juniors with exposure to these elements.  Auxico Resources Auxico Resources (CNSX: AUAG) is an exploration-stage company with mineral assets in Brazil, Colombia and Mexico. In June, Auxico signed a joint venture agreement with Kibara Minerals to concentrate and export tantalum- and niobium-bearing materials from the Democratic Republic of the Congo (DRC). Kibara has a supply agreement in place with a cooperative for purchase of tantalite material from an artisanal site in the north-central part of the country. Auxico, together with its partner, Covemin (a European commodities trading firm), has established relationships with potential buyers of this mineral product. Auxico would purchase and ship the material, retaining 70% of the profits and Kibara would retain 30%.