Cantex Mine Development Corp. provided an update on its 100% owned 14,077 hectare North Rackla claim block in the Yukon. China has announced that it will be restricting exports of germanium to the United States and western markets starting August 1, 2023.

China supplies 83% of the world's germanium and provides the US with half of its supply. Prior to this restriction germanium had already been identified by the Canadian and US governments as being a Critical Metal. It is an important constituent of many modern technologies.

These include fibre-optic systems, infrared (night vision) optics, the highest efficiency solar cells, polymerization catalysts and high-brightness light-emitting-diodes used in televisions and vehicle headlights. Germanium has a high value, currently selling for USD 1.32 per gram. There are few western sources of germanium, the most significant being ore from Teck's Red Dog Mine in Alaska which is processed at the Trail smelter in British Columbia.

It is apparent that western nations will need to find additional sources of germanium. Cantex is fortunate to have identified highly elevated germanium contents within the zinc mineralization found at its Massive Sulphide project in North Rackla. While the four deposits which comprise the Red Dog Mine average between 104 and 249 grams per tonne germanium, zinc mineralization from Cantex's Main Zone and adjacent GZ Zone average 640 grams per tonne and 690 grams per tonne respectively.

At the Main Zone 140 analyses from 36 intersections along 2,200 metres of strike length have now been completed. Twenty analyses from five intersections have been completed at the GZ Zone. Additional germanium analyses are awaited and will be reported when received.

Drilling Confirms Additional Mineralization at Discovery Sector. The most significant results were from the Discovery Sector where the strike length was extended to 2,350 metres in 2022. Hole YKDD22-252 contained several mineralized zones, notably a three metre intercept of 24.78% combined lead-zinc and 59.4 g/t silver which includes a 1.5 metre zone of 45.28% lead-zinc and 105.6 g/t silver.