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El Capitan Precious Metals Reports $3.7 Million in Value on Precious Metals Concentrates Warehoused via Logistica U.S. Terminals
El Capitan Precious Metals Reports $3.7 Million in Value on Precious Metals Concentrates Warehoused via Logistica U.S. Terminals.
About this update from El Capitan Precious Metals Inc
[{"type":"text","content":"\n \n El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that its \n contracted processing agent, Logistica U.S. Terminals, LLC, has placed \n in excess of seven tons of precious metals concentrates into a bonded \n COMEX warehouse in the name of El Capitan Precious Metals, Inc. The \n warehouse receipt demonstrates the value of the concentrates to be $3.7 \n million.\n \n \n It is expected that the proceeds from the sale of these concentrates \n will support the operating capital needs of the Company as it ramps up \n its operating plan. It is also expected that the processing technology \n utilized by Logistica to obtain these precious metals concentrates will \n be the basis for the production line, under development, that will be \n established for the ongoing processing of concentrates from the El \n Capitan mine at a rate of 50 tons per day.\n \n \n Chairman of the Board John F Stapleton stated emphatically that this \n news marks the most significant accomplishment in the decades-long \n history of the El Capitan mine, making the future of El Capitan Precious \n Metals, Inc. a commercial reality.\n \n \n About El Capitan Precious Metals, Inc.:\n \n \n El Capitan Precious Metals, Inc. is a mining company based in \n Scottsdale, Arizona that is principally engaged in the mining of \n precious metals and other minerals. The Company’s primary asset is its \n wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which \n holds the 100% equity interest in the El Capitan property located near \n Capitan, New Mexico. www.elcapitanpmi.com\n \n \n Forward-Looking Safe Harbor Statement:\n \n \n The statements included in this press release concerning predictions of \n economic performance and management’s plans and objectives constitute \n forward-looking statements made pursuant to the safe harbor provisions \n of Section 21E of the Securities Exchange Act of 1934, as amended, and \n Section 27A of the Securities Act of 1933, as amended. Forward-looking \n statements are statements that are not historical facts. Words such as \n “expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and \n similar expressions are intended to identify forward-looking statements. \n These statements include, but are not ...