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Last C$0.09 CAD
Change Today -0.01 / -10.00%
Volume 13.0K
TXX On Other Exchanges
As of 9:53 AM 11/30/15 All times are local (Market data is delayed by at least 15 minutes).

tirex resources ltd (TXX) Snapshot

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02/2/15 - C$0.35
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tirex resources ltd (TXX) Details

Tirex Resources Ltd. engages in the acquisition and exploration of natural resource properties in Albania. Refer below for a description of the properties. The company primarily explores for copper, zinc, gold, and silver deposits. It holds interest in the Mirdita property that covers approximately 344 square kilometers located to the northeast of Tirana and Durres cities; and the Rehova mining property located southeast of Tirana in central Albania. The company was founded in 2006 and is based in Vancouver, Canada.

Founded in 2006

tirex resources ltd (TXX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$150.0K
President and Vice President of Operations & ...
Total Annual Compensation: C$165.0K
Chief Financial Officer
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2014.

tirex resources ltd (TXX) Key Developments

Tirex Resources Ltd. Signs an Agreement with Albanian Geological Survey to Collaborate in the Metallurgical Studies of the Zinc-Rich Copper Deposit at Koshaj

Tirex Resources Ltd. announced that it has signed an agreement with the Albanian Geological Survey (AGS) to collaborate in the metallurgical studies of the zinc-rich copper deposit at Koshaj in northern Albania. Works will include the re-opening of the underground workings in Koshaj, and the collection and shipment of samples to an international laboratory for metallurgical tests.

Tirex Resources Ltd. Auditor Raises 'Going Concern' Doubt

Tirex Resources Ltd. filed its Annual on Aug 28, 2015 for the period ending Apr 30, 2015. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Tirex Resources Ltd. and Sinomine Resource Exploration Co., Ltd. Sign Memorandum of Understanding

Tirex Resources Ltd. announced on July 31, 2015 that it had entered into discussions with Sinomine Resource Exploration Co., Ltd. with regards to Tirex's exploration and development activities in Albania. Tirex announced that it has signed an agreement with Sinomine that further defines a framework for collaboration between the two companies. Sinomine and Tirex have executed a Memorandum of Understanding (MOU) with regards to the Koshaj Project and the Rehova Project, both located in Albania. Sinomine, through its mining operations in-country, will purchase mineralized materials that will be produced from Koshaj. The selling price will be based on an internationally accepted formula based on prevailing metal prices. While it is estimated that Sinomine will complete its evaluation of the project prior to the end of 2015, the materials pre-purchased by Sinomine from Tirex will occur before this. Additionally, Sinomine will provide funds for additional confirmation and resource expansion drilling and the rehabilitation of the underground workings in place at Koshaj. All funds advanced to Tirex will be treated as an advance payment for the purchase of materials. Tirex plans to conduct exploration and resource confirmation drilling at the Rehova Project. Sinomine proposes to provide core drilling services to Tirex during the confirmation drilling stage. The confirmation drill program, designed by Tirex technical staff, is targeted to confirm historical drill results garnered during state-run drilling at Rehova. If confirmation is positive, Sinomine will provide financing for Tirex and Sinomine to jointly move Rehova into commercial production in consideration for a financial interest in the project.


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