Iron Tank Resources Corp. (TNK)

Iron Tank Resources Corp is one of the mineral exploration firms that have started to venture into the marijuana industry. This Vancouver-based company explores and acquires mineral properties in Canada, especially those with gold and copper ores. Its foray into the cannabis industry began in mid-2014.

A primary interest of Iron Tank Resources is in the Birch Property, an area in the Cariboo Mining Division located in central British Columbia. The area covers approximately 1,700 hectares. It has been found to hold potential for considerable deposits of gold, copper, palladium, and platinum.

On the marijuana front, Iron Tank Resources announced in June 2014 its initial efforts towards obtaining a medical cannabis license and facility. Part of this is that it has started to evaluate its application for such a license under Canada’s Marihuana for Medical Purposes Regulations (MMPR). The company has also secured, with an option to purchase, an area located in the BC Agricultural Land Reserve.

Iron Tank Resources however clarified that its evaluation and application do not necessarily guarantee that it will actually obtain a license.

Incorporated in 2007, Iron Tank Resources Corp was previously Mountain Gold Resources, Ltd. It was a wholly owned subsidiary of the precious metals company Great Bear Resources, Ltd. In 2011, Iron Tank began operating under its current name and in 2012, it began to trade on the TSX Venture Exchange.

Currently, Iron Tank Resources, Inc is listed as TNK on the TSX. Its market cap is at CAD 1.47 M.

The top executive at Iron Tank Resources is CEO David Michael Antony, joined by CFO Charidy Lazorko. The company’s board of directors includes Darren Kaulius, who also heads Iron Tank Resources’ marijuana application evaluation.

Iron Tank Resources Corp.

750 West Pender Street
Suite 302
Vancouver, BC V6C 2T7
Canada

Phone: (604) 681-0084


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