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El Capitan Precious Metals Consummates Sale of Hyper-Concentrates and Completes Pilot Plant Operations
El Capitan Precious Metals Consummates Sale of Hyper-Concentrates and Completes Pilot Plant Operations.
About this update from El Capitan Precious Metals Inc
[{"type":"text","content":"\n \n El Capitan Precious Metals, Inc., (OTCQB: ECPN) announced today that it \n has entered into an agreement with a refiner that will buy, refine, and \n sell the hyper-concentrates generated by the pilot plant. This agreement \n is evidence of the Company’s continued focus on the guidance set forth \n at the July 2017 Shareholder Informational Meeting: to process all of \n the remaining hyper-concentrates at the pilot plant site and generate \n revenue for the Company.\n \n \n According to El Capitan Chairman and CEO John F Stapleton, the Company’s \n path to accomplishing these goals was to identify a refiner with the \n capacity and technology to handle El Capitan concentrates in the \n quantities required and in a timely manner. The refiner with which the \n Company has contracted has tested the El Capitan product and followed \n the Company’s instructions in smelting. That refiner has generated \n results that make it economically feasible, for both the Company and the \n refiner, to process the remaining concentrates.\n \n \n The Company confirmed that it is under a confidentiality agreement with \n the refiner and cannot release the details of the processing program and \n agreement. However, when financial results are realized, that \n information will be published. The Company also reported that the \n refiner has spent a significant amount of time with our contract miner, \n both at the pilot plant and at the mine site. The refiner’s recently \n completed test has given the Company assurance of its ability to recover \n the precious metals.\n \n \n “With the successful operations at the pilot plant, we’ve made rapid \n progress in finalizing this agreement,” Stapleton said, “and the El \n Capitan board and I remain committed to increased frequency of \n communications and the release of information on newsworthy events as \n they occur.”\n \n \n The Company is planning an Annual Meeting in late March 2018 and will \n publish details early in the new year.\n \n \n About El Capitan Precious Metals, Inc.:\n \n \n El Capitan Precious Metals, Inc. is an exploration stage company (as \n defined by the Securities and Exchange Commission’s Industry Guide 7) \n based in Scottsdale, Arizona that is principally engaged in the \n exploratio...