Planet Resource Recovery, Inc. JV With Raptor Ventures, LLC Enters Into Contract to Sell Antimony Tailings at the San Antonio de
2010年8月6日 - 1:55AM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS:
PRRY) developer, manufacturer and marketer of PetroLuxus™ and other
"Green" technologies for the remediation and recovery of the
planet's resources, announces today that the company's Raptor
Ventures, LLC has entered into an Agreement to sell Antimony
Tailings and Discarded Ore at its San Antonio de Turiri Mine in
Bolivia. Primasur Import & Export has agreed to purchase the
existing accumulation of secondary ore, consisting of 5% -10%
Antimony. The secondary ore body is estimated to be approximately
35,000 Tonnes.
Antimony is a chemical element that has a broad range of
applications in manufacturing of industrial and consumer products.
It is used in numerous industries such as semiconductors, flame
retardants, storage batteries, electronics, pharmaceuticals,
paints, ceramics alloys, rubber and small arms ammunition. Bolivia
is one of the five top producing countries in the world, producing
approximately 3.5% of the annual world demand. Commodity pricing
for pure antimony has steadily risen and range bound from a little
over USD $1,000.00 per tonne to present day (June 010) pricing of
US $8,800.00 per Tonne.
The San Antonio de Turiri Antimony mine is situated on part of
Bolivia's primary antimony belt. It consists of three parallel
antimony vein structures approximately 1.5 kilometers in length and
3 meters in width. The main ore body ranges from 60% to 67% of pure
antimony. The surrounding shale host rock, secondary ore body,
consists of 5% - 10% antimony. To date, according to geological
studies and laboratory analysis, less than 5% of Turiri's reserves
have been mined.
Planet Resource CEO, Kurt Neubauer said in a statement,
"Planet's Raptor Ventures, LLC manages and administers all
operations of the San Antonio de Turiri Antimony mine for its JV
partners consisting of Franklin Mining and Midwest General.
Operations will commence in the next seven to ten days. I will
update you with the opening of the operational mine."
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is "Spearheading the Charge for
the Maximum Economic Recovery of our Planet's Resources through
New-Age Products and Technologies!" Technologies developed for and
marketed, is the processes and technologies based on scientific
research and understanding of silicon and siloxane sciences to
enhance the recovery of the planet's resources including metals,
minerals and hydrocarbons and to provide enhanced coatings
resistant to metal corrosion. The thrust is to create new
methodologies to optimize Oil & Gas production, maximize the
harvesting of base and precious metals, the remediation of toxic
heavy metal environmental contamination and the reduction or
elimination of corrosion of metal through the use of proprietary
with breakthrough technologies utilizing advanced science and
chemistry to increase efficiencies, reduce costs, protect the
environment and resources. The development of new chemical
compounds and related processes to maximize efficiencies in the Oil
& Gas Industry, Mining Industry, Environmental Cleanup Industry
and Corrosion Industry through environmentally-friendly,
cost-effective and profitable platforms that are considered
"disruptive technology" and will usher in new paradigm shifts in
industry. Presently, the company is primarily focused on four
distinct markets: 1) Oil & Gas Industry, 2) Remediation of
industry toxic metals & byproducts, 3) Mining of base and
precious metals and 4) Metal Corrosion Industry. The company has
developed the proprietary compounds and is currently developing
their related processes that will result in new technologies and
methodologies for industry. For more information visit:
www.planetresource.net.
"Safe Harbor Statement" Under The Private
Securities Litigation Reform Act of 1995: The statements in this
presentation that relate to the Company's expectations with regard
to the future impact on the Company's results from new products in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may
not occur. Additional risks and uncertainties are set forth in the
Company's Annual Report for the year ended December. 31, 2009, the
Company's Quarterly Report for the First quarter ended March 31,
2010. The Company undertakes no obligation to publicly release the
result of any revisions to these forward-looking statements that
may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or
changes in the Company's plans or expectations.
Contact: Planet Resource Recovery, Inc. Investor
Relations: Jillian Young 1-877-878-5333 Email Contact
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