This may not be brand new but DAMN!
No wonder I've been getting whispers about this IGEX,,,
Directly from the filing 4 days ago,,,
"(b) a brief description of the assets involved:"
"The Mineral Company Ltd. (f/k/a INDO Global Exchange(s) Ltd.) has acquired a 50,000 SQM (or 538,196 sq. ft.), located in Jumilla, Spain for a total of EUR300,000.00 plus approximately an 11% tax assessment. Remarkably, the property is worth UR980M as shown by the independent appraisal performed by “Arquitasa” (Sociedad de Tasación), which has been homologated by “Banco de España.” (See exhibits). The transaction was financed by the Seller, in a 7-year term loan at 2% per annum, guaranteed by one of Igex Preferred Shareholder. The Source of repayment will from revenues generated."
"The lot is set to become the premier and biggest center in Southern Europe for storage, shipping, and development of minerals; particularly focusing on lithium and graphene, its applications and derivatives. Engineers and architects are already retained to work on all necessary plans and permits with the goal to break ground in less than 6 months aiming at having the first phase of the project completed and operational by year-end 2022. The lot(s) are located in an approved "urban" zone, thus not requiring rezoning applications. The construction of the center is permitted under the current zoning as shown in the attached exhibits. A new 8-K form will be filed and released soon in relation to a new acquisition and subsequent merger."
Why is this under a penny?
