$WSRC Nevada Mining Project:
On June 28, 2021, the Company executed an agreement with Silver State Mining Group, Inc. (“SSMG”) to acquire 70% of SSMG’s common stock in exchange for $10 million which will be used to immediately initiate development of the Sage Hen Mining Claims in Western Nevada. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium and rhodium. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively.
z