North Bay Resources Inc. (OTC: NBRI) is a junior mining company with current operations in British Columbia, Canada. The Company holds 100% ownership of a multitude of significant mining properties. These include two gold-platinum placers, the Fraser River Project and the Monte Cristo, and lode projects such as the advanced-stage Mt. Washington project on Vancouver Island, the Coronation Gold project in the historic Slocan Mining district, and the Tulameen Platinum Project near Princeton, BC. In addition to its many precious metal projects, the Company also owns additional prospective projects that host strategic mineral resources such as Vanadium, Crystalline Flake Graphite, Olivine, and Rare Earth Elements (REE).
The Company’s mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
Additional information on the Company’s many properties and ongoing projects is available at the Company website at http://www.northbayresources.com.
$NBRI By taking into account recent geological maps of the area created by the British Columbia Geological Survey and considering the final depth of a possible mining operation to about or below 900 m in elevation the writer estimates that a potential exploration target for the mineral olivine contained in the dunite rocks located within the Project Area could be in the 225 million tonnes to 240 million tonnes range.
$NBRI CARBON CREDITS $NBRI CEO IS COMMODITY BROKER;NEW NI 43-101/TWO REPORTS 07-19-2019, 08-26-2019/ ION BATTERY,CARBON CREDITS,$12-K PLUS WORKING MOUNT WASHINGTON,-#7-GOLD HITS 1500 plus PPO $NBRI-CURRENT FILER-CEO PERRY IS COMMODITY BROKER \/ reviewing #11/ Current/05-24-2018/ NBRI-
interesting one, could be bigger than $ACRL VS NBRI MOUNT WASHINGTON PROPERTY VS $AABB ?????
NEW NI 43-101 --- TWO WORK ORDERS FOR MOUNT WASHINGTON MINING 09-29-2019 http://www.northbayresources.com/mw.html Mount Washington Project Gold, Silver, Copper [ NI 43-101 Technical Report, August 2019 ] [ NI 43-101 Technical Report, December 2018 ] [ NI 43-101 Technical Report, August 2016 ] [ NI 43-101 Technical Report, September 2014 ]
============================================================ $NBRI-CREDITS, CARBON CREDITS---THE Approval of The Company’s [04-01-2018 application for a mineral carbonation protocol at the Tulameen Platinum Project,
the Company would then qualify to sell carbon credits directly to the B.C. Ministry of Environment’s Climate Action Secretariat.
The Company notes that as of April 1, 2018, British Columbia's carbon tax rate is $35 per tonne of carbon dioxide equivalent emissions.
The tax rate will increase each year by $5 per tonne until it reaches $50 per tonne in 2021.
Upon approval of the Company’s application for a mineral carbonation protocol at the Tulameen Platinum Project, the Company would then qualify to sell carbon credits directly to the B.C. Ministry of Environment’s Climate Action Secretariat.
It is currently estimated that one tonne of olivine can sequester 0.4 tonnes of CO2, which given a potential deposit size of at least 15 million tonnes,
the monetary value of the available carbon credits from the Company’s olivine deposit could generate significant revenue by 2021 from the carbon credits alone.
This does not include the commercial grade olivine and PGM by-products that can be mined and sold to industrial buyers.
The current plan then is to mine the commercial grade olivine and the PGM by-products for sale to industrial buyers,
with the tailings used for CO2 sequestration and monetization by way of carbon offset credits.
Date : 05/24/2018 @ 12:52PM Source : InvestorsHub NewsWire Stock : North Bay Resources, Inc. (PN) (NBRI) Quote : 0.0002 0.0001 (100.00%) @ 11:31AM NBRI - Files Attorney Letter To Become OTC Pink Current
North Bay Resources Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties.
Attorney Letter
LAW OFFICES OF MICHAEL He HOFFMANZ P.A.
101 EAST 14TH AVENUE 1521 ALTON ROAD, SUITE 284 EUGENE, OREGON 97401 MIAMI BEACH, FLORIDA 33139 T: 541 .35707157 T: 786.280.7575
May 24, 2018 OTC Markets Group Inc. 304 Hudson Street, 3 rd Floor New York, NY 10013 Re: Attorney Letter (this "Letter") for North Bay Resources, Inc. Dear Sir/Madam: This law firm (this "firm") has been retained solely for the purpose of reviewing the current information supplied by North Bay Resources, Inc., a Delaware corporation (the "Issuer"), and has been asked to render this letter ("Letter") to OTC Markets Group Inc.
("OTC Markets Group") as to the Issuer's compliance with the Guidelines for Disclosure of Adequate Current Information.
OTC Markets Group is entitled to rely on the Letter in determining whether the Issuer has made adequate current information publicly available within the meaning of Rule 144(c) (2) under the Securities Act of 1933, as amended (the "Securities Act").
This firm has examined such corporate records and other documents and such questions of law as it considered necessary or appropriate for purposes of rendering this Letter.
In connection with the preparation of this Letter, this firm has reviewed the following specific documents concerning the Issuer (the "Information"), which Information is publicly available through the OTC Disclosure & News Service:
Annual Report - O'I'C Disclosures and Report for Year Ending December 31, 2017 posted to the OTC Disclosure & News Service on May 23, 2018. ' Annual Report
- Financial Statements, Balance Sheet and Notes for Year Ending December 31, 2017 posted to the OTC Disclosure & News Service on April 24, 2018. ' Quarterly Report
- Ol'C Disclosures and Report for the Three Month Period Ending March 31, 2018 posted to the OTC Disclosure & News Service on May 23, 2018.
Quarterly Report - Financial Statements, Balance Sheet and Notes for the Three Month Period Ending March 31, 2018 posted to the OTC Disclosure & News Service on May 7, 2018. ================================================= ' Management's Discussion and Analysis of Financial Condition and Results of Operations for the Three Month Period Ending March 3 1, 2018 posted to the OTC Disclosure & News Service on May 23, 2018. In addition, this firm has:
(i) personally met with management and the sole director of the Issuer,
(ii) reviewed the Information, as amended, published by the Issuer through the OTC Disclosure & News Service and
(iii) discussed the Information with management and the sole director of the Issuer.
As to matters of fact, this firm relied on information obtained from public officials, officers of the Issuer and other sources.
This firm has no reason to believe that such information is not reliable.
OTC MARKETS GROUP, INC. MAY 24, 201 8 Page 2 of 2 The Issuer's transfer agent (the "Transfer Agent") is Colonial Stock Transfer Company, Inc., 66 Exchange Place, I st Floor, Salt Lake City, Utah 84111, Phone: (801)-355-5740.
The Transfer Agent is registered with the Securities and Exchange Commission (the "SEC").
The undersigned personally confirmed with the Transfer Agent and Perry Leopold, the President and Chief Executive Officer of the Issuer, by emails on May 21, 2018, the number of outstanding securities set forth in the Information.
Perry Leopold, the President and Chief Executive Officer of the Issuer, P.O. Box 162, Skippack, Pennsylvania, Phone: 215.661.1100, Email: corporate@northbayresources.com, is responsible for the preparation of the financial statements and notes thereto contained in the Information (the "Financial Statements"). ================================================= The Financial Statements are unaudited. Mr. Leopold has been serving as the Issuer's Chief Executive Officer and Chief Financial Officer since 2006, and has informed the undersigned that he has extensive experience in preparing financial statements filed quarterly and annually with the SEC, as well as registration statements filed with the SEC on Form S-1.
In addition, Mr. Leopold has informed the undersigned that he holds a Series 3 license and is registered with the Commodity Futures Trading Commission (CFTC) as a registered Commodity Trading Advisor and Commodity Pool Operator, in addition has also been and continues to be a member in good standing of the National Futures Association, since 2006.
To the best knowledge of this firm, after inquiry of management and the sole director of the Issuer, neither the Issuer nor any 5% shareholder nor this firm nor Michael H. Hoffman is currently under investigation by any federal or state regulatory authority for any violations of federal or state securities laws.
The Information: (i) constitutes adequate current public information concerning the shares of common stock of the Issuer (the "Securities") within the meaning of Rule 144(c)
(2) under the Securities Act;
(ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 of the Securities Exchange Act of 1934, as amended;
(iii) complies as to form with the OTC Markets Group's Pink Disclosure Guidelines, which are located on the Internet at http://www.otcmarkets.com; and
(iv) has been posted through the OTC Disclosure & News Service. Moreover, Michael H. Hoffman:
(i) is a resident of the United States;
(ii) resides in the State of Oregon;
(iii) is admitted to practice law in the State of Oregon and State of Florida and
(iv) is permitted to practice before the SEC and has not been prohibited from practice thereunder.
No person other than OTC Markets Group is entitled to rely on this Letter; however, in connection therewith, OTC Markets Group is granted full and complete permission to publish the Letter through the OTC Disclosure & News Service for viewing by the public and regulators.
In addition, the opinions expressed in this Letter are given as ofthe date of this Letter and this firm disclaims any obligation to advise OTC Markets Group of any change in any matter set forth herein.