Scottsdale 8/27/2014 3:00:00 AM
QualityStocks News - Raptor Resources Holding (RRHI) – Subsidiary Strategy at a Glance
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 is a fully reporting holdings company strategizing to achieve growth through mineral resource acquisition, exploration and development in Zimbabwe. This strategy revolves around the company’s two subsidiaries, Mabwe Minerals, Inc. (OTCQB: MBMI) and TAG Minerals, Inc., which are focused on different segments of the broader mining industry.
Mabwe Minerals primarily operates the Dodge Mine in Zimbabwe, where it is focused on the logistics, mining and commercial sale of barite and other minerals. The Doge Mine is located on a rich hydrothermal mountain range bearing superior-grade barite (API-grate, 95-98%), limestone and talc. Mabwe Minerals currently has a 3 million barite supplier agreement company with Baker Hughes.
TAG Minerals in April acquired 100% of the Derbyshire Stone Quarry in Zimbabwe and has designated operation of the quarry to WGB Kinsey & Company, which has 59 years of experience in the construction and mining sectors. For the full-year ended 2014, Derbyshire achieved unaudited revenues of $2.9 million, an increase of 32% compared to the prior year. TAG’s Raptor Mine project is in early-stage development targeting nickel and copper. This project is also managed by WGB Kinsey & Company.
With this two-pronged approach to the mining industry, Raptor Resources has created several channels through which it can achieve its goals to commercialize various industrial minerals and metals at the Dodge and Raptor mines as well as in mining opportunities like the Derbyshire Stone Quarry.
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Forward-Looking Statement:
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.
