Precio Metals X Ltd (MLXEF)

Metals X Ltd. engages in the production of tin in Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2004-08-26. The Company’s principal activities include investment in a joint venture company operating a tin mine in Australia and investments in companies undertaking exploration and development of tin, gold and base metals projects in Australia and Europe. The firm owns a 50% equity interest in the Renison Tin Operation (Renison) through its 50% stake in the Bluestone Mines Tasmania Joint Venture Pty Ltd. The tailings dams have a Probable Ore Reserve containing approximately 99,000 tons of tin and 51,000 tons of copper. The company also holds rights to over 45 square kilometers of prospective tenure surrounding Renison. Its base metals portfolio is leveraged both to global Gross domestic product (GDP) growth and to the burgeoning technological advancement in batteries, in particular their application in the electric vehicle market.