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Thursday, November 12, 2015 2:31:44 PM
We are highlighting Standard Metals Processing, Inc. (SMPR) today, here at the QualityStocks Daily Newsletter.
OTCQB-listed, Standard Metals Processing, Inc.’s intention is to refocus its efforts into the acquisition and creation of royalty and streaming contracts with junior and mid-size mining companies. This is to provide financing to develop or improve their mineral properties. The Company believes the current dislocation in mining capital markets presents an optimum time to raise capital and provide an alternate form of financing for junior and mid-level companies. Standard Metals Processing is based in Gadsden, Alabama.
On September 9, 2015, Standard Metals Processing announced that it is changing its name to Cambrian Minerals Group, Inc. The name change reflects a re-branding initiative to better align the Company's name with its present and future strategy. In association with this name change, the Company will be announcing its new website, logo and ticker symbol.
Royalty and streaming arrangements are structures that permit mine owners to obtain alternative, less dilutive financing in exchange for an interest in the form of a 'royalty' or a 'metals stream' contract. Additionally, Standard Metals Processing’s intention is to continue to look for opportunities to construct toll-milling facilities, domestically and globally in selective areas.
Jointly with providing toll milling solutions, its strategy would be to create royalties and stream contracts with the companies operating the mines who use the toll milling arrangement, thus generating two separate and discrete revenue streams from a single mining property.
Last month, Standard Metals Processing (Cambrian Minerals Group, Inc. {SMPR}), announced that the Company’s new mining team is completely in place and attending to matters to move the Company forward.
Cambrian Minerals Group new President, Mr. Thomas Loucks, stated, "The new slate of officers – all of whom have been described in previous press releases, consists of Bobby Cooper (Chairman and CEO), myself (President), Tom Myatt (Senior VP Finance), and John Ryan (VP Business Development). The four of us have worked together previously, and now we are ready to put our efforts into getting the Company back on track and creating new projects. We are pleased that Tina Gregerson is staying on, both as a Director and Corporate Secretary, and will join us in our endeavors to move the Company forward."
http://www.qualitystocks.net/newsletter/110915.html#daily4
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