QualityStocks would like to highlight
Raptor Resources Holdings Inc. (
OTCQB: RRHI), a publicly traded holdings company focused on mineral resource acquisition, exploration, and development. The company currently has two subsidiaries: Mabwe Minerals Inc. (MBMI), a natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals & metals with first focus on barite; and TAG Minerals Inc., a mineral & metal resource acquisition, exploration, and development company with first focus on alluvial surface gold.
In the company’s news,
Raptor Resources serves as the holding company for Mabwe Minerals, a natural resources and hard as-set company occupied with the mining, logistics, and sale of industrial minerals and metals. Raptor Re-sources owns 90 million shares, or approximately 64%, of Mabwe Minerals’ issued and outstanding shares of common stock, a notable share of the company. Raptor Resources and Mabwe Minerals are focused primarily on recovering barite and limestone from the Dodge Mine, which is based in Zimbabwe.
In line with Raptor Resources’ other existing projects, which are at various stages of production and de-velopment, the Dodge Mine represents the company’s ongoing interests to commercialize various indus-trial minerals and metals. Raptor Resources is also interested in developing greenfield resources and bringing them into commercial production, in exploring new minerals and metals, and in finding tested mining opportunities and other feasible hard assets that have the potential of bringing in additional reve-nue.
The Dodge Mine property is a chain of hydrothermal mountains that span 481 hectares or 1188 acres and stretch across 4.5 kilometers. Studies of the property have revealed the presence of compound barite, limestone, and talc deposits. Extensive occurrences of gossan deposits, which indicate the presence of gold, copper, lead, zinc, and nickel, have also been noted.
Dodge Mine is in the early stages of producing barite and limestone for commercial use. The barite de-posits alone have been deemed top-notch quality-wise because they contain a high percentage barium sulfate (BaSO4). Samples of the white barite recovered from Dodge Mine have scored 97.25% pure Ba-SO4 while pink barite samples have scored 95.50%.
Both the limestone and barite from the Dodge Mine have a multitude of applications. Barite is a crucial ingredient used to prevent well collapse in oil and gas drilling. It also has applications in the paint, auto-motive, medical, chemical, and industrial fields. Limestone is a key ingredient that could be sold locally for use in Portland cement. It also has applications in road and foundation aggregates and feedstock as well as in agricultural, beverage, and sugar companies.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
