Business
Standard Metals Processing, Inc. Launches Royalty and Metal Streaming Initiative to Expand and Enhance its Business Model
Standard Metals Processing, Inc. Launches Royalty and Metal Streaming Initiative to Expand and Enhance its Business Model.
About this update from American Clean Resources Group Inc.
[{"type":"text","content":"\n\n\n\nStandard Metals Processing, Inc. Launches Royalty and Metal Streaming Initiative to Expand and Enhance its Business Model\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nStandard Metals Processing, Inc. Launches Royalty and Metal Streaming Initiative to Expand and Enhance its Business Model\nCompany Appoints Bobby Cooper as Managing Director of Metals and Mining\nPR Newswire\nNEW YORK, June 15, 2015\n\n\n\nNEW YORK, June 15, 2015 /PRNewswire/ -- Standard Metals Processing, Inc., \"SMPR,\" (OTCQB: SMPR), announced today that it has launched its Royalty and Metals Streaming program and has hired Bobby Cooper, a highly respected mining executive to join its senior management team.\n\nAccording to Sharon Ullman, CEO and Chairman, \"We believe royalty and streaming provides a unique opportunity to develop an entirely new revenue and profit stream while at the same time enhancing our core business model of custom processing. The limited access to financing and processing available to independent, junior and mid-size mines has created a significant business opportunity for Standard. Bobby's involvement will have an immediate impact on the direction of the company and the success of our expanded business plan.\"\n\n\"Royalty and streaming arrangements are relatively new structures that have been successfully implemented by companies such as Royal Gold, Franco-Nevada and several others. These structures enable mine owners to obtain alternative financing in exchange for an interest in the form of a 'royalty' or a 'metals stream' contract. In addition to the opportunity to generate profit from each of these contracts, they also offer the added benefit of representing an opportunity for SMPR to secure feed stock for its core processing business. I am excited that Bobby has joined our firm.  His public global market experience in the mining industry combined with his eye for building growth companies is a welcome addition to our management team,\" said John Ryan, President of Standard Metals Processing, Inc. \n\nTom Loucks, recently hired as SMPR's Vice Pr...