Auxico Resources

Name

Auxico Resources

Legal name

Auxico Resources Canada Inc.

Website

https://auxicoresources.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Critical Minerals Exploration

NAICS

Ground or Treated Mineral and Earth Manufacturing (327992)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Rare earth elements
• Critical minerals exploration
• Mineral concentrate trading
• Ultrasound extraction technology
• Tantalum niobium mining

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Others

Revenue model

1. Mineral Concentrate Trading: Auxico generates revenue through trading operations of mineral concentrates including rare earth concentrates, tin, and tantalum ore. The company exports and sells mineral products under off-take agreements with trading partners. This is currently a minor revenue stream as the company is in exploration stage.
2. Technology Licensing: The company holds licenses for proprietary technologies including Ultrasound Assisted Extraction (UAEx) and mercury-free gold recovery processes. Revenue could be generated through technology licensing arrangements with partners.
3. Arbitration Award Recovery: The company received a USD $2.2 million arbitration award against JBNX (Brazil), representing potential revenue recovery from past operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Auxico Resources Canada Inc. is a Canadian mineral exploration company focused on the discovery and development of critical minerals and rare earth elements. The company explores and develops mineral properties in Colombia (Minastyc Project, 188.74 hectares) and Bolivia (El Benton and Monte Verde concessions, 739 hectares, 85% owned), targeting niobium, tantalum, scandium, platinum group metals, and rare earth elements. It also licenses proprietary Ultrasound Assisted Extraction (UAEx) technology and a mercury-free, cyanide-free gold and silver recovery process.

Product overview

Auxico Resources Canada Inc. is a Canadian mineral exploration company focused on critical minerals and rare earth elements essential to the global energy transition. Founded in 2014 and listed on the CSE (AUAG) and OTCQB (AUXIF), the company operates two primary exploration projects: the Minastyc Project in Colombia and the El Benton Property in Bolivia. The Minastyc Project targets rare earth elements, tin, tantalum, niobium, and platinum group metals through placer-style mineralization. The El Benton Property focuses on lithium-bearing lepidolite and associated rare earth elements including rubidium, cesium, gallium, scandium, and neodymium. The company's technology portfolio includes the Ultrasound Assisted Extraction (UAEx) technology, a patented processing method that enhances rare earth recovery efficiency and reduces environmental impact, along with a mercury-free and cyanide-free process for gold and silver recovery.

Differentiator

Problem solved

Functional benefit

Products and services

• Minastyc Project Flagship mineral exploration project located approximately 12 km south of Puerto Carreño in the Vichada department of Colombia, covering 188.74 hectares. The project targets rare earth elements, tin, tantalum, niobium, platinum group metals, and other critical minerals through placer-style mineralization exploration. Aimed at industrial mineral buyers and trading partners.
• El Benton Property Early-stage exploration project in Bolivia, located in Ñuflo de Chávez province approximately 200 km from Santa Cruz, covering the El Benton and Monte Verde concessions (739 hectares). Targets lithium-bearing lepidolite along with rubidium, cesium, gallium, tantalum, niobium, scandium, neodymium, and other rare earth elements. Held through 85%-owned subsidiary Empresa Minera El Benton S.R.L.
• Ultrasound Assisted Extraction (UAEx) Technology A patented critical mineral recovery processing method developed by Central America Nickel that uses high-frequency ultrasound and mild reagents to improve rare earth element recovery efficiency while reducing the need for high pressure, heat, and harsh chemicals. Lab-scale testing has shown over 84% recovery of select rare earth elements and enables reduction of radioactive thorium content to below 0.1% for international shipping compliance. Licensed to Auxico for use and sub-licensing.
• Mercury-Free and Cyanide-Free Gold Recovery Process A worldwide licensed process for gold and silver recovery that eliminates the use of mercury and cyanide, supporting artisanal mining practices in alignment with the Minamata Convention on Mercury. Designed for environmentally responsible mineral recovery.

Quantifiable outcome

• Over 84% recovery of select rare earth elements in lab-scale testing using UAEx technology
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Massangana Project (Brazil)minorStrategic or Co-development Partner · 23 August 2022Auxico signed an off-take agreement for tin concentrate from the Massangana Tin Tailings Project in Brazil. The project involves 30 million tonnes of tailings containing tin, niobium, and REE. Auxico provides marketing and trading services for the project's mineral output.
• Lasell CompanyminorChannel Partner/ Reseller/ Distributor · 22 June 2022Lasell Company signed an off-take agreement for tantalum ore from Auxico's Colombian operations. Auxico provides tantalum ore to Lasell Company through this distribution agreement for their processing and resale.
• Central America Nickel (CAN)coreTechnology or Integration · 30 July 2021Central America Nickel is a joint venture partner and technology licensor for Auxico Resources. Auxico licenses the proprietary Ultrasound Assisted Extraction (UAEx) technology from CAN. CAN has also invested in Auxico through debenture conversions and share purchases, demonstrating a mutual strategic relationship in critical mineral projects focused on nickel, lithium, and rare earths.
• Impact Global SolutionsminorStrategic or Co-development PartnerJoint venture agreement with Impact Global Solutions for processing of tantalum and other ores. The partnership focuses on developing processing capabilities for mineral extraction operations.
• Extractive Industries Transparency Initiative (EITI)coreOthersAuxico Resources is a supporting company of the Extractive Industries Transparency Initiative (EITI), an international transparency standard for the extractive sector. As a supporting company, Auxico promotes EITI principles and standards for transparency in energy and mining sectors, with representation through membership in the EITI Association.
• Tantalum-Niobium International Study Center (TIC)coreOthersMember of the Tantalum-Niobium International Study Center (TIC), an industry association that promotes standards, knowledge sharing, and transparency in the global tantalum and niobium industry.
• Critical Minerals Institute (CMI)coreOthersOfficial member of the Critical Minerals Institute, supporting responsible sourcing and transparency in critical minerals supply chains.
• Rare Earth Industry Association (REIA)coreOthersMember of the Rare Earth Industry Association (REIA), collaborating with industry peers on standards and best practices for rare earth production and trading.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• MP Materials: US-listed rare earth miner and producer (Mountain Pass, California) targeting the same Western REE supply diversification theme as Auxico. Comparable as a REE-focused public company pursuing non-China supply, though at a much larger production stage.
• Energy Fuels: US-listed producer of REE, uranium, and vanadium with a growing REE separation and processing business. Comparable as a publicly traded Western company integrating REE extraction and processing, including thorium handling, similar to Auxico's UAEx focus.
• USA Rare Earth: US private/public REE mining and magnet manufacturing company developing the Round Top deposit in Texas. Comparable as a Western REE-focused junior pursuing integrated mine-to-magnet supply outside China.
• Ucore Rare Metals: Canada-listed REE developer focused on the Bokan-Dotson Ridge project in Alaska and downstream separation technology. Comparable as a small-cap North American REE exploration company with proprietary processing ambitions similar to Auxico's UAEx.
• Arafura Resources: Australia-listed developer of the Nolans REE project in central Australia. Comparable as a single-asset REE developer targeting NdPr supply for EV and wind magnets, addressing the same end-markets Auxico targets.
• Vital Metals: Australia-listed junior REE producer that operated the Nechalacho mine in Canada. Comparable as a small-cap REE-focused explorer/producer pursuing non-China REE supply at a similar early stage to Auxico.
• Canada Rare Earth Corp: Canadian junior focused on REE refining, sourcing, and downstream supply chain development. Directly comparable to Auxico as a Canada-domiciled REE company addressing Western supply diversification.
• Namibia Critical Metals: Canada-listed junior developing the Lofdal heavy REE project in Namibia. Comparable as a small-cap exploration-stage public company pursuing heavy rare earths outside China with a similar capital scale and stage.
• Texas Mineral Resources: US-listed junior developing the Round Top REE/uranium project in Texas. Comparable as a publicly traded, exploration-to-development-stage REE company addressing the same non-China REE supply theme.

Broad incumbents

• Lynas Rare Earths: Australia-listed REE producer (Mt Weld) and the largest non-China REE miner globally. Comparable as a public, non-China REE-focused company and a benchmark for downstream separation technology, though at full production stage versus Auxico's exploration stage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/AuxicoResources
• YouTubeyoutube.com/watch?v=dd03UfPPXWs
• LinkedInlinkedin.com/company/auxicoresources/?viewAsMember=true

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auxico Resources