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The Power of Discovery - "Building Shareholder Value"

CEO & Chairman of Board's Message

Firstly it's my pleasure as the  CEO of  Mantra Exploration Inc. (the "Company" - a Futura Capital Group Company) to convey my messages on the Company's website for you, the Company's valued shareholders, investors, guests and visitors.   (Note: A  Company Brochure is available in the Document Library)  


To keep you informed, the CEO & Chairman of the Board Message provides CEO's Corporate-Update (providing warranted details), from time to time, as set out below. Further please note: a  "Quick Summary" of this complete update set out below is provided under the heading "CEO's Corporate-Update (Quick-Summary)" on the "Home-Page" for your  convenience & quick review. 

Rajinder Chowdhry (Raj) - CEO & Chairman

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update: Provided Below

CEO's Corporate-Update

 

March 25, 2025


Mantra Exploration Inc. (the "Company" - Futura Group Company) is strategically positioning itself to capitalize on an anticipated upturn in the junior mining sector (the "Mining-Sector Up-Turn"). This capitalization on the Ming-Sector Up-Turn will be accomplished through the Company's prudent advancement of its current highly prospective Jean (Iron-Ore ) project and acquisition of additional mineral assets with a focus on Copper ("Cu"), Silver ("Ag") and Gold ("Au") projects; especially Copper to diversify the Company's mineral project assets. 


The Company's primary & highly prospective Jean  Iron-Ore project (the "Jean-Project"), is located in the Thunder Bay Mining District within western part of the 

province of Ontario, Canada. 


CAUTIONARY NOTE: Pursuant to Regulatory Rules - I hereby  inform you & acknowledge that my thoughts, opinions and statements which I'm about to share with you certainly likely considered forward-looking statements.  As such, I urge & insist that you read the  "Cautionary Disclaimer" available on the Company's website; especially because I'm required to inform you do so under Regulatory Rules. 

Future of The Mining Sector

  • The mining sector (the "Mining-Sector"), especially the junior mining sector (the "Junior Mining-Sector"), which has endured a cyclical downturn for over a decade  (“Mining-Sector Decade-Long Downturn”) is finally expected to see a favorable positive shift (the "Mining-Sector Turn-Up"), and  imminently; likely within the next six (6) to ten (10) months (the "Market Sector Turn-Up Time-Line"; and


  • Further, this Mining Sector Turn-Up will likely develop into the best Mining-Sector ever in the history of man-kind to date (the "Biggest Mining-Sector Bull-Market"); likely by the end of this decade (the "Mining-Sector Bull-Market Time-Line"), being by 2030; and


  • This optimistic view is driven by record-high gold prices exceeding $3,000 per ounce ("Record-High-Gold"), alongside expected  growing demand for commodities like Iron-Ore, Zinc, Copper, Silver, and Gold. Despite these bullish indicators, the mining sector has yet to regain significant investor traction as the mining industry transitions out of the disarray & Decade-Long Downturn. 


NOTE: Forecast Time-Line as outlined may change , either way due to factors yet unseen - but surely ... 

"YOU KNOW - ITS ONLY MATTER OF TIME" ! **  (Seeking Personal Financial Advisor's Agreement Recommended pursuant to Disclaimer) 

biggest mining-sector bull-market: drivers & company's plan

Biggest Mining-Sector Bull-Market Drivers

Time is Right for Company to Diversify & Take Advantage

Time is Right for Company to Diversify & Take Advantage

 

  1. Lack of Mineral Discoveries - discoveries over the last decade (during the Mining-Sector Decade-Long Downturn); and
  2. Lead Times Required to Build Mines  - especially with highly stringent environmental permitting issues being implemented (around the world); and
  3. Growing Population World-Wide - high demand from the world's growing population; and
  4. Demand from Developed Countries - high demand from already developed countries (the "Developed-Countries"),  specially needing to  replace old infrastructure (almost a century old); and
  5. Demand from Developing Countries - high demand from developing countries (the "Developing-Countries") -  China, India, and the continents of Africa and South America) due to increased urbanization of populations and general growth of the middle-class population; and
  6. Demand due to Tariff Issues - high demand facing higher costs due to movement of commodities between countries. 
  7. Market Sentiment, which further support this view.

Time is Right for Company to Diversify & Take Advantage

Time is Right for Company to Diversify & Take Advantage

Time is Right for Company to Diversify & Take Advantage

 

  • Path Forward - Take advantage of the junior  mining sector that has endured a cyclical downturn for over a decade (“Decade-Long Downturn”); and
  • Advance Gnome Project Forward - prudently under market conditions & timing of the granting of mining permits for adjacent Cirque & Cardiac Creek projects; and
  • Diversify Assets - through acquisitions; and
  • Acquire Mineral Assets At Favorable Prices - at today's  low and reasonable acquisition costs (“Bargain-Prices”); and
  • Right Team Is Key: The Company's Team has the skills, experience & dedication to accomplish the diversification and advancement of the current projects while minimizing shareholder dilution to build & enhance shareholder value; and


Team's Past Performance: worth noting:

  1. Gnome Project  - now held by AsiaBaseMetals
  2. Black Butte Copper Deposit - now held by Sandfire Resources America Inc.
  3. Gahcho Kue Diamond Deposit - now held by Mountain Province Diamonds Inc.
  4. Kolwezi Tailing Project - acquired by First Quantum & later sold.    

THE RIGHT TEAM (DIRECTORS/MANAGEMENT & ADVISORS) IS KEY

The "Key to Innovation & Success in Mining Sector" is Taking Advantage of Cyclical Downturn

 Right Team Is Key


An Experienced, Knowledgeable and Dedicated Team is a must for effective  Diversification & Advancement of Projects Prudently (as outlined below), especially Under Adverse Market Conditions generating cyclical-downturns (Now Further Impacted By Trade-Wars).  The Team must perform effectively, ensuring Minimization of Undue Shareholder Dilution, hence Enhancing Shareholder Value.


The Company led by an accomplished, successful, experienced and entrepreneurial business and mining team (the "Team" - consisting of the Directors, Management & Advisory Board) continues, as it has in the past, to minimize undue shareholder dilution while prudently advancing its current highly prospective Jean-Project through mining sector's Decade-Long Downturn resulting from adverse market conditions. Conditions magnified by economic difficulties caused by the historic Covid epidemic’s supply-chain issues &  resulting in high inflation rates that resulted in the implementation of  increase in interest rates [highest rates in last forty (40)  years] to fight inflation.


Team's past performance Is worth noting:


  • Gnome Project - Now held by AsiaBaseMetals Inc. ("AsiaBaseMetals" - a Futura Group Company) - A highly prospective Zinc/Cobalt  project in British Columbia, Canada acquired by the Company's Team during a similar Decade-Long Downturn as the present one. Note: Pursuant to the Company's business plan, when the Company first was listed onto the TSX Venture Exchange in 2009, immediately following the 2008 market demise due to the banking crisis, the Company  upon the completion of an extensive review of  global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Zinc & Cobalt acquired the Gnome Project at what "management believes to be exceptionally low price", representing "cents on the dollar for exploration work previously already conducted"; and "without significant dilution to shareholders"; &


  • Black Butte Copper Deposit  - Now held by Sandfire Resources America Inc. (" Sandfire" - previously a Futura Group Company - Associate;  previously named Tintina - name changed - January 31, 2018) in Montana, U.S.A  acquired by the same Team during a similar Decade-Long Downturn as the present one, when I headed Tintina as its CEO (previously a Futura Group Company - Associate).  This world-class Copper project is one of the highest grade copper projects in the world, and is now finally being put into production, with all permits (Mine Operating Permit - February 26, 2024 ) now in place with Win at the Monta Supreme Court Regarding Water Rights Ruling as of January 2, 2025. 


  • Gahcho Kue Diamond Deposit - Now held by Mountain Province Diamonds Inc. ("Mountain Province Diamonds" - previously a Futura Group Company - Associate); &


  • Kolwezi Tailing Project (originally held by America Mineral Fields Inc. ("America Mineral Fields" - previously a Futura Group company - Associate - name changed to Adastra Minerals which was acquired by First Quantum - May 1, 2006).

THE RIGHT TIME TO ACQUIRE COPPER & GOLD ASSETS IS "NOW"

The "Key to Innovation & Success in Mining Sector" is Taking Advantage of Cyclical Downturn

The right time to Acquire Advanced Copper & Gold Assets is "Now".  Our Team can accomplish it, and "again" with your support, the shareholders/investors,  as was done by the Team with the above noted (1) Black Butte Copper Deposit, (2) the Gahcho Kue Diamond Deposit, and (3) the  Kolwezi Tailing Project , a project originally held by America Mineral Fields (name changed to Adastra Minerals which was acquired by First Quantum - May 1, 2006).


Well, it's "Time to Review the Facts". 

review of facts

Ownership of Jean (Iron-Ore) Project

Ownership of Jean (Iron-Ore) Project

  • Jean Iron-Ore Project (the "Project"), a  100% owned Iron-Ore project is in the world-class mining district in Ontario, Canada, one of the safest and mining friendly jurisdictions in the world.


Exploration-Work Program Plan

  •  The extent and timing of future additional exploration work will be based not only on the market conditions for Iron-Ore,, but also on when the Company obtains a listing on a Stock Exchange. 


History of Exploration Work


2023 - Performed by Mantra Exploration Inc.

  • The Company, based on the results of the Air-borne survey undertaken by the Company in 2022, adjusted/modified the mineral  claims held by staking additional congruent mineral claims and forfeiting some mineral claims.
  • The Company undertook a surface sampling, trenching and channel sampling program (Oct/Nov - 2023).


2022 - Performed by Mantra Exploration Inc.

  •  The Company performed an Air-borne survey on the property (Nov 2022). 


2021 - Performed by Mantra Exploration Inc. 

  • The Company, based on the 2015 surface sampling, trenching and channel sampling program undertaken on the Property previously by AsiaBaseMetals (previous owner prior to completion of the Spin-Out), staked additional congruent mineral claims to expand the size of the property

2015 - Performed by AsiaBaseMetals Inc. 

  • Completed a surface sampling, trenching and channel sampling program on the Property.


2012 - Performed by Great Lakes Resources Ltd.

  • Diamond drilling program, undertaken in 2012, which included eight vertical NQ-size drill holes totaling 492.88m, bounding 3km by 0.5km area, verified the known surface geology, with additional detailed stratigraphic information.
  • All eight holes intersected iron bearing Lower Taconite Member, whereas two complete Lower Taconite Member vertical intersections were delineated in 2 holes.
  • The average true thickness was estimated to be 57.06m.


Technical Reports 

  • NI-43-101 Technical Report - Dated Nov 10, 2022 (Andrew Tims P. Geo)
  • NI-43-102 Technical Report - Dated Oct 1, 2014 (Afzaal Pirzada P. Geo)

jean project highlights

Located in Largest Market in North America - with Largest Steel Mills - Across the Border in USA

  • The iron content (Fe%), pursuant to samples/exploration results of Lower Taconite Member ranges from the low 23.44% Fe to the high of 26.16% Fe (23.44% Fe in fresh drill cores to 24.44% Fe in oxidized drill-core to 26.16% Fe in surface oxidized samples, and finally 25.71% Fe in mixed surface and drill-core samples). The feed grade of DDT test done on Lower Taconite Member varies from 24.05% Fe to 24.58% Fe.

WE ARE IN RIGHT AREA, FOR RIGHT REASONS & AT THE RIGHT TIME

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Iron-Ore Project - In Largest Market in North America with Superb Infrastructure

Jean Project Highlights & Advantages

  •  Jean Iron-Ore Project Claim Size Optimized/Adjusted - Based on Exploration Work  - Company, based on the results of the Air-borne survey undertaken by the Company in 2022, adjusted / modified the mineral  claims held by staking additional congruent mineral claims and forfeiting some mineral claims. 


  • Jean Iron-Ore Project Has Excellent Infrastructure & is Close to Biggest Markets - The Project is located close to infrastructure (Roads & Power) on the Canadian side with large Iron-Ore deposits being mined on the U.S.A. side across the border.


  • Jean Iron-Ore Project Acquired for an Exceptionally Low Price - Pursuant to the Company's business plan the Jean Iron-Ore Project was acquired upon the completion of a previous extensive review of upcoming future global demand for various types of metals at a time when metal prices were unfavorable and/or depressed, especially Iron-Ore price.  The Project was acquired at what management believes to be exceptionally low price, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders. 


  • Industry Standards - Key Economic Parameters - Under industry standards, the key economic parameters for magnetite ore being generally economic in BIF are, the crystallinity of the magnetite, the grade of the iron in the host rock, and the contaminant elements which exist within the magnetite concentrate.  To make a magnetite-bearing banded iron formation economic, typically, a minimum iron grade of 25% Fe is required. A concentrate grade of 64% iron by weight or more is viable with a 33% to 40% recovery yield of magnetite (Source: Rai Technology University - World Economic Geography - Section 2.1.3 - Magnetite Ores).



 Note: "Qualified Person" information is provided, as required by regulatory authorities, in the "Disclaimer" section of this website under the heading "Technical Information". 


CLOSING REMARKS

Risk Management: As you all appreciate, the Mining Industry is considered a high risk business.  "To mitigate Risk", even when drilling the best of  properties, with immense potential, one needs to add additional prospective advanced projects, especially when the time to do so is  opportune; as is the case now.


Focused Team - Delivering Shareholder Value: The Company's whole team is focused on delivering shareholder value to all shareholders of the Company, as can be seen to date. I not only serve the Company, the Company's team, each of the Company's Shareholders, and each community and country where the Company conducts business; I also do it as a significant shareholder [as per my shareholder filings on  the System for Electronic Disclosure by Insiders ("SEDI"). 


The Company & I thank you: Your  valuable time to read my my Update Message, and for your continued support as the "Company having Forward Thinking" creates and delivers results and value for all shareholders is truly appreciated. I recommend that you view the Company's Brochure (t e "Brochure") available on the Company's website (in the Document Library Section) for more information & details. and read the full Disclaimer provided on the Company's website.


"Raj Chowdhry"

CEO & Chairman of the Board


NOTE: Click Here  - To Read Full Disclaimer - Covering All Content & Statements Above

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The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow

The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow

The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow

The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow

The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow

The Power of Discovery / Advancing Current Projects & Acquiring Advanced Projects of Tomorrow


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