Greenwood Village, CO – February 11, 2022 – The Mineral Company Ltd. (f/k/a Indo Global Exchange(s) Pte. LTD) (the “Company”) (OTC PINK:IGEX) is pleased to announce that the Company has filed two (2) SEC Form 8-K after acquiring two very important and strategic assets, which are critical to the success of the anticipated fusion/merger between Igex, a European publicly traded company and well established leader in the lithium and energy storage, and a Spanish company involved primarily in the graphene manufacturing industry. The parties have been working hard on this strategic fusion/merger, and the assets acquisition, which are essential to the successful development of the premier center for manufacturing, storage, and shipping of minerals with emphasis in lithium, graphene, and its derivatives in Southern Europe. 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 already approved "urban" zone, thus not requiring rezoning applications. The construction of the center is permitted under the current zoning.
The first 8-K was filed on February 2, 2022, to report the acquisition of a a 50,000 sqm (or 538,196 SQ FT) lot located in Jumilla, Spain for a total of €300,000.00 plus approximately an 11% RE tax assessment. The property is worth approximately €980,000 as reported independently by “Arquitasa” (Sociedad de Tasación), which has been homologated by “Banco de España.” 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.
IGEX filed a second SEC 8-K Form to report the acquisition of water rights over the above referenced lots, underground water reservoir, and existing extraction station, including 2 industrial water pumps for a total of €100,000.00. The transaction was financed by the seller at a 2% interest per annum for a period of 84 months. This transaction was also made possible by one of our preferred shareholders, who is personally guarantying the financing. This acquisition was a strategic and necessary one as water is paramount to lithium and other minerals extraction and production.
Safe Harbor Statement
This press release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matter not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com
SOURCE: The Mineral Company (f/k/a Indo Global Exchange(s) Pte. LTD)