Adex Receives Government Grant for Metallurgical Test Program
Adex Mining Inc. announce that Business New Brunswick, an agency of the Province of New Brunswick, has awarded the Company a $15,000 grant. The grant, provided under BNB’s Technology Adoption & Commercialization Program, will be applied to a metallurgical test program designed to economically extract tungsten and molybdenum from the Company’s Fire Tower Zone deposit located at the Mount Pleasant Mine Property in New Brunswick, Canada. This metallurgical program has been contracted to RPC, an independent R&D firm situated in Fredericton, NB.
“We are grateful to the Province of New Brunswick for the TACP grant,” said Kabir Ahmed, President and CEO of Adex Mining. “The grant is a show of confidence by the Province of New Brunswick regarding the potential of the Mount Pleasant Mine Property and the Company’s ability to develop innovative technologies and economic opportunities within the province.”
Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol “ADE.”