July 12, 2012 - 8:00 AM EDT |
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Mabwe Minerals Inc. is in the final phase of selecting their mining partner with the intent to start staging barite at Dodge Mine by the end of the third quarter. Having already secured a delivery port pad with Cornelder at the Port of Beira, the company is finalizing a unique transportation program, to be announced shortly, providing dual transportation options expanding the company's flexibility to increase annual tonnage and ensuring a continuous flow of barite by both truck and rail wagon to the Port of Beira. Mabwe Minerals Inc. intends on developing and commercializing the Dodge Mine assets with known deposits of high grade barite, limestone and talc along with documented widespread occurrences of undeveloped gossan deposits, massive sulfide deposits that typically indicate the presence of copper, gold, nickel and lead. The presence of gold in gossan deposits are indications of gold in the host bedrock.
Al Pietrangelo, President & CEO of both publicly traded companies commented, "With TAG Minerals Inc. transitioned to focus on alluvial surface gold revenue and Mabwe Minerals Inc. created to focus on the assets of Dodge Mine with first focus on barite revenue, we have
completed our initial corporate objective to diversify our revenue base to reward our greatest asset, our shareholders. As we transition into the new Mabwe Minerals Inc. stock symbol: (MBMI) in the coming weeks, we look forward to unfolding our story line as we anticipate beginning gold production this quarter and expect to begin barite shipments in the 1st quarter, 2013."
Raptor Resources Holdings Inc. (parent/holding Company)
Raptor Resources Holdings Inc (symbol RRHI) is the parent/holding Company with three independently operating subsidiaries: TAG Minerals Inc., Mabwe Minerals Inc. and Lantis Laser, Inc.(www.raptorresourcesholdings.com)
About TAG Minerals Inc.
TAG Minerals Inc., incorporated in Wyoming, is a U.S. based mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. TAG Minerals is also the alluvial surface gold production subsidiary of the parent company. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit mineral properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.
To find out more about the
mining equipment utilized by TAG; visit (www.extrac-tec.com)
About Mabwe Minerals Inc.
Mabwe Minerals Inc., incorporated in Wyoming, currently trading under the stock symbol: (RPTND), to soon begin trading under its new stock symbol:(MBMI), is a U.S. based natural resources and hard asset OTCQB publicly traded, fully reporting company engaged in the mining and commercial sales of industrial minerals and metals with first focus on barite revenue at Dodge Mine.
About Lantis Laser, Inc.
Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.
(
http://www.lantislaser.com)
For more news on OCT in Dentistry; visit: (www.octnews.org)
Safe Harbor.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE Raptor Resources Holdings Inc.