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EPMMF: CUSIP suspended. FINRA deleted symbol.
http://otce.finra.org/DLSymbolNameChanges
EPM Mining Ventures Inc. announces agreement with Parthenon Group LLC to produce market assessment and strategy study
http://ih.advfn.com/p.php?pid=nmona&article=55826156&xref=newsalerttweet
EPM Mining Ventures Inc. Announces Grant of Stock Options
TORONTO , Jan. 4, 2013 /CNW/ - EPM Mining Ventures Inc. (EPK.V) (EPMMF) ("EPM" or the "Company") today announced that it has granted an aggregate of 550,000 options to officers and employees of the Company, and 2,086,811 options to non-management directors of the Company. All options are exercisable over a period of five years at a price of $0.40 per common share, which reflects the closing price of EPM on January 3, 2013 . One-third of such stock options shall vest on the first anniversary of the date of grant, one-third shall vest on the second anniversary of the date of grant, and one-third shall vest on the third anniversary of the date of grant.
The options are granted pursuant to the Company's stock option plan, which was approved by shareholders at a special meeting of shareholders held on May 23, 2012 , and accepted by the TSX Venture Exchange.
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement, mineral leases on more than 124,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM is targeting the future development and production of Sulfate of Potash (SOP), a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology.
For more information on the Company, please visit our web site at www.epmmining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: EPM Mining Ventures Inc.
Contact:
Lance D'Ambrosio
Chief Executive Officer
EPM Mining
(801) 485-0223
Patrick Piette
TMX Equicom
(416) 815-0700 ext. 267
ppiette@equicomgroup.com
EPM Mining announces agreement to produce Preliminary Feasibility Study and strengthens its team
TORONTO, Jan. 3, 2013 /CNW/ - EPM Mining Ventures Inc. ("EPM" or the "Company") (TSXV: EPK - OTCQX: EPMMF) today announced the signing of a contract with CH2M HILL ("CH2") and Agapito Associates, Inc. ("AAI") to produce a Preliminary Feasibility Study ("PFS") for the production of Sulfate of Potash ("SOP") from its Sevier Dry Lake Potash project located in southwestern Utah. With US $6.4 billion in revenue and 30,000 employees worldwide, CH2 is a global leader in full-service consulting, design, design-build, operations, and program management services for public and private clients. AAI has provided consulting and engineering services to mining companies producing base metals, precious metals, trona, potash, and salt. Their potash and fertilizer clients include Potash One, Intrepid Mining, Vale, Rio Tinto, Western Potash, and others.
Lance D'Ambrosio, Chief Executive Officer of EPM, said; "We are very pleased to continue our relationship with CH2 and to welcome Agapito to our project. After the encouraging results of our preliminary economic assessment, we look forward to completing this next step and moving seamlessly to the Definitive Feasibility Study."
The estimated completion date of the PFS will be mid-2013 and will serve as an important milestone leading to the Company's Definitive Feasibility Study anticipated to be completed by late 2013. It will build upon the recently completed preliminary economic assessment which indicated SOP production of 300,000 metric tonnes ("MT") with an estimated Net Present Value of $956.5 million (pre-tax, inflated, 8% discount rate) and an estimated Net Present Value of $629.7 million (after tax, inflated, 8% discount rate); and with an estimated Internal Rate of Return of 30% (pre-tax, inflated) and an estimated Internal Rate of Return of 24% (after tax, inflated).
Team Expansion
In order to effectively manage the environmental effort and permitting process, EPM is pleased to announce that LeeAnn Diamond P.G. has joined the team. Having worked on environmental, geological, and geotechnical projects for many years, LeeAnn has a wide variety of compliance and technical experience. Before joining Peak Minerals Inc., the Company's U.S. subsidiary, she worked for Kleinfelder Inc. as a project manager where she had many responsibilities including supervising NEPA, EPA Brownfields, RCRA Subtitle D landfill, Phase I and Phase II Environmental Site Assessments, and transportation projects. LeeAnn has five years' experience as the lead technical writer and project manager on several National Park NEPA projects in the western United States. As a task manager and field engineer, she spent nine years managing surface, groundwater, leachate, and methane monitoring and reporting, as well as NPDES and air permitting for a RCRA Subtitle D landfill. LeeAnn provided project management oversight, Phase I assessments, and public outreach, including public open house meetings and individual stakeholder meetings for Salt Lake County's 135-acre West Millcreek EPA Brownfields project. For Utah Department of Transportation, she provided environmental compliance oversight on the Legacy Parkway Project, including identification and disposal of hazardous materials, coordinating abatement and abandonment activities and providing quality assurance review of all environmental project documents. LeeAnn earned her Bachelor of Science in Geological Engineering from the University of Utah and is a Registered Professional Geologist.
Lance D'Ambrosio, Chief Executive Officer of EPM, said; "We are very pleased to welcome LeeAnn to the EPM team at a time when we are moving our project to the next stage. Her experience, skills, and in-depth knowledge of Utah's permitting process strengthens our in-house know-how and adds necessary expertise as we build our preeminent SOP project."
About EPM Mining Ventures
EPM, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement, mineral leases on more than 124,000 acres on the Sevier Dry Lake property in Millard County, Utah. EPM is targeting the future development and production of Sulfate of Potash (SOP), a premium priced fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology.
For more information on the Company, please visit our web site at www.epmmining.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE EPM Mining Ventures Inc.
Copyright 2013 Canada NewsWire
http://ih.advfn.com/p.php?pid=nmona&article=55677093&xref=newsalerttweet
MERRIMAN CAPITAL ANNOUNCES SPONSORSHIP OF EPM MINING VENTURES ON OTCQX
(Thomson Reuters ONE via COMTEX) -- SAN FRANCISCO - December 27, 2012 - Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (otcqx:MERR), today announced that it will serve as the Principal American Liaison (PAL) for EPM Mining Ventures Inc. (otcqx:EPMMF) as it begins trading on OTCQX. The company announced today that it is now trading on the OTC market's highest tier, OTCQX.
OTCQX distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review.
"We are very pleased to announce the addition of EPM Mining to our expanding universe of OTCQX companies," commented Douglas Rogers, Managing Director of Merriman's Capital Markets Advisory Group. "Support for all of our advisory-based clients with clear advice on best practices regarding financial and material information reporting requirements is a key differentiator for the Merriman platform and we look forward to sponsoring and supporting the EPM Mining management team in our capacity as their PAL to the OTCQX market."
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (otcqx:MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/ .
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/ .
About EPM Mining Ventures
EPM Mining, through its wholly owned subsidiary Peak Minerals Inc., controls directly or through agreement,
mineral leases on more than 124,000 acres on the Sevier Dry Lake property in Millard County, Utah.
EPM Mining is targeting the future development and production of Sulfate of Potash (SOP), a premium priced
fertilizer used with special crops and soil types, through a cost-effective solar evaporation methodology.
For more information on the Company, please visit our web site at www.epmmining.com .
About OTCQX
The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com .
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2012 and the Form 10-Q filed on November 14, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2012 and the Form 10-Q filed on November 14, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com . Please click on "Investor Relations."
http://www.marketwatch.com/story/merriman-capital-announces-sponsorship-of-epm-mining-ventures-on-otcqx-2012-12-27
Just found this one,what can u tell me about it ?
Does it look like a good one to get into ?
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Potash is fertilizer primarily found in two forms: muriate of potash (KCl) and sulfate of potash (K2SO4). Both forms provide potassium (K), a necessary nutrient for plant and animal life with no known substitute. About 90% of all potash produced is used as fertilizer with the last 10% being used in the chemical industry.
For many applications, such as most fruits and vegetables, sulfate of potash is the preferred product. There are only four known places on earth where this form of the nutrient is found naturally: at the Great Salt Lake; on the Atacama desert in South America; at the Luobupo project in Xinjiang, China; and at the Sevier Lake in Utah, where EPM Mining Ventures is at work.
Potash demand is expected to increase substantially over the coming years driven by increasing population, reduced arable land, improving diets, and an increased interest in organic and environmentally friendly food and bio-fuels production.
EPM Mining Ventures plans to produce a suite of useful and necessary products from the brines found at Sevier Lake. Using an environmentally friendly, solar evaporation process, the company will only need to add fresh water and some heat to produce a fertilizer expected to be certified as organic. Other products may include sodium chloride (also known as table salt or road salt); magnesium sulfate (used in agriculture, gardening, and bath salts); and magnesium chloride (used in medicine and for dust control).
Additional research may lead to the development of other benefical chemicals and nutrients from the brines at the Sevier Lake project.
Product | Chemical Composition | Primary Uses |
---|---|---|
Sulfate of Potash | K2SO4 | Used primarily as fertilizer for high-value crops. |
Sodium Chloride | NaCl | Used as table salt or road salt. |
Sulfate of Potash Magnesia | 2MgSO4 • K2SO4 | Used primarily as fertilizer |
Magnesium Sulfate | MgSO4 | Used in agriculture, gardening, and bath salts |
Magnesium Chloride | MgCl | Used in medicine, ointments, and for dust control |
In the 1970's, a Utah geologist, Murray Godbe, began the first known systematic study of the Sevier Lake with the intention to produce valuable minerals. Godbe and his team found indications of a vast pool of brine containing potassium and other important minerals.
Supported by a Texas financier, W. D. Hayden, Godbe leased the majority of the dry lake's surface securing land from the BLM as well as from SITLA, a Utah state land agency. The team drilled hundreds of wells taking brine samples across the vast lake surface and from many depths.
After several years of study, and shortly before the project was set to enter full development and production, W. D. Hayden suddenly died. Not long afterward, Murray Godbe died. The heirs briefly tried to market the project but ultimately gave up. After a period, the leases returned to their respective government agencies.
In 2008, Emerald Peak Minerals LLC formed to resurrect the project. After securing SITLA leases from the State of Utah, Emerald Peak Minerals partnered with EPM Mining Ventures Inc. to secure the financing necessary to obtain the federal leases from the Bureau of Land Management. EPM Mining raised about $30 million dollars (CAD$) and won the federal acreage needed to define the project. Through subsequent negotiations, EPM Mining increased its holdings. Today, it directly controls about 95,000 acres through its wholly-owned US subsidiary Peak Minerals Inc. and has agreements to operate more than 28,000 additional contiguous acres.
On November 20, 2012, EPM Mining Ventures Inc. announced the filing on SEDAR of a National Instrument 43-101 technical report entitled "NI 43-101 Technical Report Preliminary Economic Assessment EPM Mining Ventures Inc. Sevier Dry Lake, Utah, United States" (the "Technical Report"), dated effective November 16, 2012 by Barry W. Schmitke, P.Eng, Dennis Storer, P.Eng, and Kyle Krushelniski, P.Eng, of March Consulting Associates Inc. in association with Lawrence Henchel, PG, of Norwest Corporation.
The Technical Report outlines the results of the Preliminary Economic Assessment ("PEA") for the production of Sulfate of Potash on EPM's Sevier Dry Lake Potash project located in southwestern Utah. EPM first reported the economic results of the PEA in a press release dated October 15, 2012.
The Technical Report is available on EPM's SEDAR profile at www.sedar.com as well as on this website under the 'Technical Reports' link on our 'Investors' tab.
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Market Value1 | $44,950,678 | a/o Jan 10, 2013 |
Shares Outstanding | 113,225,889 | a/o Oct 31, 2012 |
Float | 113,225,889 | a/o Nov 27, 2012 |
Authorized Shares | Unlimited | a/o Dec 04, 2012 |
Par Value | No Par Value |
Shareholders of Record | Not Available |
EPK - TSX Venture Exchange - Qualified |
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Significant Failures to Deliver | No |
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