Sidney Resources Corp (SDRC)

[surrealistrader]

Answer to Blanco Question #2: “In the second quarter 2021 the company acquired certain mining technology from Red Beryl Mining Company for 7,000,000 shares of restricted stock valued at $.15 per share. Amortization will begin when the technology is put into service.”

This is something I personally went to Alex Sunderland (President of Red Beryl Mining Co) about. This was removed from the amended filing because it was a mistake, although not without a sliver of truth. Red Beryl did not receive shares for the mining tech because he never owned them. Those that did were MERG and Gary Mladjan. The story goes, before approaching SDRC, Alex Sunderland was actually approached by MERG and offered the technology for purchase - to which it was refused. Alex then suggested it be purchased by SDRC, making him somewhat of a facilitator of this deal. The rest is history.

I cannot personally verify the truth of the above story, only repeating what was told to me. I personally find it interesting that Red Beryl was incorporated within months before SDRC disclosed this new purchase and technology division in 2021, and I can’t help but assume without further inquiry that the two events are connected.

I know that SDRC was involved with MERG initially through their common mining contractors Groundhog Mining and Milling. Del and Nathan Hunt were both board-members of MERG and intimately involved with the Laser tech development there. This was likely how SDRC management first learned of what MERG was involved with.

Several others involved in the Laser tech from an early stage have joined up with SDRC such as Gabe Aachenbach (industrial designer, engineer) and Mike Irish (Chemist who previously worked for Newmont Mining, patent holding, Irish Metals now a subsidiary of SDRC)