Almadex Minerals

Almadex Minerals is a project generation company focused on making new discoveries through low-cost exploration. The company has a 40+ year track record including past discoveries like the Ixtaca, El Cobre, and Caballo Blanco deposits. Almadex holds royalties on these projects, including a 2% NSR on Ixtaca which hosts a resource of over 4 million gold-equivalent ounces. The company currently has an extensive portfolio of early to advanced stage projects in Canada, the U.S. and Mexico. Recent results include hitting significant base and precious metals at the San Pedro project in Mexico, and consolidating ownership of the Logan zinc-silver project in Yukon which hosts an initial resource.

With 6 company-owned drills, Almadex can explore projects early and often, drilling at low cost compared to contracting. This helps advance projects rapidly and is key to the company's prospect generator model. Almadex has approximately $18 million in cash plus additional value in equity holdings, royalties and receivables. Insiders own 15% of shares, aligning them with shareholders.

Going forward, the company sees strong potential on properties like Davis/Paradise Valley in Nevada where recent drilling intersected high grades over significant widths. Almadex's expertise, project portfolio, financial position and tight share structure position it well to generate value through new discoveries. The company has a track record of spinning out projects once advanced, to realize upside for shareholders.