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Cantex Announces Outstanding Preliminary Flotation Results; Achieves Premium-Grade Lead and Zinc Concentrates with Strong Silver Credits at North Rackla

By The Northwire Desk — AI Analysis Jun 02, 2026 · 08:30 CD · 0.29 Cantex Mine Development Corp.

Executive Summary

Cantex announced preliminary flotation testwork results for its 100% owned North Rackla project in the Yukon.
Conventional sulphide flotation successfully produced premium-grade lead and zinc concentrates from high-grade, low-grade, and oxide mineralization.
High-grade sulphide lead achieved 85.1% recovery at 53.6% Pb grade with 960 g/t Ag.
Low-grade sulphide lead achieved 91.1% recovery at 51.0% Pb grade with 532 g/t Ag.
Oxide mineralization, previously classified as waste, now yields a saleable lead concentrate at 53.0% Pb and 410 g/t Ag.
All results exceeded the critical commercial benchmark of >45% metal purity for final concentrates.
The testwork de-risks the processing flowsheet and confirms commercial viability using industry-standard plant designs.
The company is evaluating ore sorting and direct ore shipments for high-grade portions, while low-grade portions will utilize standard flotation.

Material Impact

The June 2, 2026 announcement is a direct follow-up to the January and April 2026 metallurgical testwork announcements.
It confirms the initial positive findings and successfully transitions the project from early-stage metallurgical testing to flowsheet confirmation.
The ability to process oxide material as starter feed and achieve high silver credits significantly enhances the potential project economics.
The news is positive but expected as part of the planned metallurgical study progression. It does not introduce fundamentally new surprises but validates the project's commercial potential.
The market reaction has been muted, with the stock consolidating around $0.29-$0.31, indicating the news is priced in as routine project advancement.

CD · Price

Company Overview

Cantex Mine Development Corp. is an exploration-stage company focused on the North Rackla project in the Yukon, Canada.
The flagship project hosts massive sulphide silver-lead-zinc-germanium mineralization.
The company claims the highest-grade silver-lead-zinc-germanium mineralization ever found in North America.
Drilling has defined over 2.65 km of strike length and extends beyond 700 meters in depth.
The land package covers 14,077 hectares, providing extensive exploration potential.
The project is in the exploration phase, with no declared reserves or resources yet.

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