Tantalex Lithium Resources Corp. announced that it has obtained a revolving finance facility of USD 3,000,000 on January 13, 2023, for it's TiTan tin and tantalum concentrate plant (the Facility) scheduled to begin production in April 2023. The first USD 1,000,000 payment is due on January 23, 2023.

The remaining funds will be made available for a drawdown as of February 8, 2023. The Facility shall be repaid in installments of USD 125,000, per month plus the interest payable at a rate of 10% per annum. The Facility entitles its holder AfriMet Resources Ag to purchase up to 2,400 metric tonnes ("mt") of tin concentrate over a period of 24 months at a rate of approximately 100 dmt per month.

Construction works have now resumed and transportation of the plant modules from Manono, Democratic Republic of the Congo, to the plant location are ongoing.