Sunday, April 09, 2023 3:05:09 PM
Meetings in Phoenix with our JV partner went well and we continue to comply with due diligence and documentation requirements related to the funding we are working to secure. I expect we will have more to report on that topic in the weeks ahead.
Via our JV partnership we have executed an MOU — Memorandum of Understanding — with a potential off-take buyer for our iron ore. The buyer will take samples to one of the largest steel mills in the United States for testing. Due diligence has commenced and I will report more details when we have them.
I met with our mine operator at the mine site and our corporate attorney in Albuquerque… as we continue to prepare for production and profitability. While at the mine site in New Mexico, our JV partner and I met with the potential buyer for our iron ore… to discuss pricing and sales process as well as targeting possible sites for a pelletizing plant that would help us maximize the revenue potential of our iron ore.
Meetings in Phoenix with several advisors were very productive… as we worked through some options related to future structure of the company, solutions related to stock trading, accounting matters, and operational priorities.
It's alive at least.
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