Central America Nickel
OUR VISION
CAN is a Canadian-based company which focuses on building a future of clean energy using patented ultrasound assisted extraction technology on a global scale. CAN leverages its foreign subsidiaries and partnerships to access large-scale mineral deposits and reserves for the purpose of developing Canadian plants for processing energy metals, in order to cater to Canadian aluminum, steel and renewable energy firms. CAN, the mining technology company of the future, focused on innovation and cleantech, introduces the UAEx technology to transform the Canadian mining industry enabling ore processing to deliver superior value, recovery rates and a reduced environmental footprint. With mining worldwide currently done on a 24-hour cycle for leaching, UAEx can change the global industry and increase efficiency of Canadian market providers by 24 times the industry standard. The use of CAN’s UAEx will dramatically reduce reagents consumed and energy needed within the leaching stage due to the cavitation energy while increasing the efficiency of the entire process to enhance dissolution rates, improve metal recoveries and reduce waste. The CAN method of ultrasound extraction technology is an enabler to the entire metallurgical process, with the intent to move away from pressure leaching, and increase effectiveness across the integrated system. MONTREAL, July 18, 2023 /CNW/ - Auxico Resources Canada Inc. (CSE: AUAG) (OTCQB: AUXIF) (the "Company" or "Auxico") is pleased to announce that Central America Nickel Inc. ("CAN") has made a meaningful acquisition of 7 million common shares and 3 million warrants in the capital of Auxico; the warrants have a strike price of CAD $0.15 for a period of 3 years. CAN is a Canadian-based mining and technology firm with common directors and management as Auxico, and has acquired these shares as a long-term investor due to the strategic importance and substantial quantity of rare earth and other critical minerals contained in both of Auxico's highly-prospective Colombian and Brazilian projects. Inclusive of this transaction, CAN now holds 7,550,000 shares and 4,275,000 warrants in Auxico. Pierre Gauthier, President and CEO of Auxico, retains a meaningful stake with over 5 million shares of the Company, validating that management is very much aligned with shareholders. As part of this holding, Pierre Gauthier had previously acquired 2 million common shares of Auxico at a price of CAD $0.50 per share as of December 28, 2022, from CAN, which was disclosed and filed accordingly on SEDI (www.sedi.ca).
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