El Capitan Precious Metals Inc (ECPN)

[i_invest_utrade]

El Capitan Precious Metals Reports $3.7 Million in Value on Precious Metals Concentrates Warehoused via Logistica U.S. Terminals
2:38 PM ET, 05/31/2016 - Business Wire

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 31, 2016-- El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that its contracted processing agent, Logistica U.S. Terminals, LLC, has placed in excess of seven tons of precious metals concentrates into a bonded COMEX warehouse in the name of El Capitan Precious Metals, Inc. The warehouse receipt demonstrates the value of the concentrates to be $3.7 million.

It is expected that the proceeds from the sale of these concentrates will support the operating capital needs of the Company as it ramps up its operating plan. It is also expected that the processing technology utilized by Logistica to obtain these precious metals concentrates will be the basis for the production line, under development, that will be established for the ongoing processing of concentrates from the El Capitan mine at a rate of 50 tons per day.

Chairman of the Board John F Stapleton stated emphatically that this news marks the most significant accomplishment in the decades-long history of the El Capitan mine, making the future of El Capitan Precious Metals, Inc. a commercial reality.