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Ascendant Resources Inc.

Overview

Company Type: Producer
Company HQ: Canada, Ontario
Public/Private: Public
Exchanges: TSX, OTCQX, FRA
Symbol: ASND, ASDRF, 2D9
Mine Locations: Honduras
Commodities: Lead,Silver,Zinc
Total Funds Required: $0

Company Description

Ascendant is a mining company focused on our producing zinc-lead-silver El Mochito Mine. Since acquiring the mine Ascendant has increased throughput by more than 30%, had success with its restarted exploration activities and have achieved consecutive positive EBITDA since July. With the price of zinc hitting 10-year highs, Ascendant is one of the few small cap pure play zinc producers benefiting from improving zinc market fundamentals.

The El Mochito Mine

Location of Mine: Honduras, Las Vegas
Commodity Mined: Lead,Silver,Zinc
Project Stage: Production
Funds Required: $0
Funds to Be Used For:
Annual Revenue: $40,000,000
Annual Output: 109 tons
Additional Information:

Ascendant is a Toronto-based mining company focused on its 100%-owned producing El Mochito zinc, silver and lead mine in west-central Honduras, which has been in production since 1948. After acquiring the mine in December 2016, Ascendant implemented a rigorous optimization program aimed at restoring the historic potential of the El Mochito mine. In 2017, the Company successfully completed the operational turnaround it set out to achieve with sustained production at record levels and profitability restored. The Company now remains focused on cost reduction and further operational improvements to drive robust free cash flow in 2018 and beyond. Ascendant is also focused on expanding and upgrading known resources through extensive exploration work for near-term growth. With a significant land package of 11,000 hectares and an abundance of historical data there are several regional targets providing longer term exploration upside which could lead to further resource growth. The Company is also engaged in the evaluation of producing and development stage mineral resource opportunities, on an ongoing basis. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND". For more information on Ascendant Resources, please visit our website at www.ascendantresources.com.