Company set to begin fulfilling iron ore orders for customers in
Asia Pacific and the Middle East
PASADENA, CA -- March 30, 2023 -- InvestorsHub NewsWire
-- ReoStar Energy Corporation ("ReoStar") (OTC:
REOS), an emerging growth Mining and Energy company with
interests in the production of iron ore, gold, silver, copper and
rare earth metals announces it has acquired an interest in Leuffer
Mining Group ("Leuffer").
Leuffer Desarrollos S.A. de C.V., a Mexican
mining company with over 7 years of experience, specializes in
producing and exporting high-quality Iron Ore lumps with a 62% dry
basis. The company has exported over 1.5 million metric tons of
Iron Ore to China, Hong Kong, and the USA between 2019 and
2022. Leuffer Desarrollos S.A. de C.V.,
currently possess Federal registration permits, and a special
exportation permit registered with the National tax authority in
full force and effect for mining operations.
The company has exported Iron Ore to China, as reported in
public information available on https://es.panjiva.com/Leuffer-Desarrollos-S-A-De-C-V/39251506.
The company owns and operates 11 mining leases, with four of them
currently in production in the state of Sonora, with the other
leases located in Michoacan and Jalisco in Mexico. All the mines
are conveniently located near principal ports for cargo
exportation.
The Mexican Geological Service (SGM) and other international
geological engineering specialists are currently conducting surveys
to determine the SK-1300 assay for the Mineral Resources as proven.
The surveys are being conducted on two mines in Sonora, which have
probable mineral resources (iron ore reserves) of around 50 million
metric tons. The survey will also determine the presence of Gold,
Silver, Copper, and rare earths (17 elements existent in the Sonora
leases).
In 2023, Leuffer Desarrollos S.A. de
C.V. aims to generate roughly 1 million metric tons
of Iron Ore. The company has invested significantly in
infrastructure and presently operates four leases. By using
advanced machinery, equipment, and expertise, the company is
witnessing a monthly rise in production.
Starting in 2024, Leuffer Desarrollos S.A. de
C.V. plans to boost production by 50% each year and
add two more leases to production annually. This would result in an
overall production increase of 50% per year. The firm primarily
exports through the Guaymas (Sonora) port, although it also
utilizes alternate port facilities in Lazaro Cárdenas (Michoacan)
and Manzanillo (Colima) ports.
US-based investment bank company Goldman Sachs has revised up
its iron ore forecast by 20% in the second quarter of 2023 due to
the predicted iron ore supply shortage. Iron ore prices
are expected to rise to $150/mt in the current quarter.
Chief Executive Officer of Leuffer, Ricard Leuffer, stated, "our
team at Leuffer are excited on our new phase of expansion for the
company."
The CEO of ReoStar, Michael Lajtay, concluded, "The acquisition
of Leuffer is a monumental moment for ReoStar which puts the
company on the global stage for the production of key commodities
which are in high demand globally. We look forward to working with
Ricardo and his team to fulfill existing orders, expand production
and execute our multi-year strategic plan for
growth.
About ReoStar Energy Corp.:
ReoStar Energy Corp. is an emerging growth Mining & Energy
company with interests in the production of Iron Ore, Gold, Silver,
Copper and other Rare Earth metals. The company recently
acquired Leuffer Mining Group which is a large global mining
company with Headquarters and operations in Mexico in addition to
locations in the U.S. and Spain.
About Leuffer Mining Group:
Leuffer Mining Group has nearly a decade of experience
exporting millions of tons of Iron, with the necessary concessions
and infrastructure to meet the iron demands of industries operating
along the Mexico and USA borderline, we are able to provide you an
extraordinary opportunity to grow your capital by acquiring
low-risk and highly demanded stocks of raw materials such as iron
ore for iron-producing and steelmaking companies
Websites:
www.reostarenergycorp.com
www.leuffer.com
Forward Looking Statements:
This release contains forward-looking statements within the
meaning of Section 27a of the Securities Act of 1933, as amended
and section 21e of the Securities and Exchange Act of 1934, as
amended. Those statements include the intent, belief or current
expectations of the company and its management team.
Forward-looking statements are projections of events, revenues,
income, future economics, research, development, reformulation,
product performance or management's plans and objectives for future
operations. Some or all of the events or results anticipated by
these forward-looking statements may not occur. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. Accomplishing the strategy described herein is
significantly dependent upon numerous factors, many that are not in
management's control.
Contact:
Michael Lajtay
Chief Executive Officer
ReoStar Energy Corporation
info@reostarenergycorp.com
ReoStar Energy (PK) (USOTC:REOS)
過去 株価チャート
から 10 2024 まで 11 2024
ReoStar Energy (PK) (USOTC:REOS)
過去 株価チャート
から 11 2023 まで 11 2024
