would like to highlight Star Mountain Resources, Inc.
), a minerals exploration company focused on acquiring and consolidating mining claims, mineral leases, producing mines, and historic mines with production and future growth potential identified through exploration efforts. The company's operations are currently centered on the initiation, production and expansion of acquired mineral resources in the Star Mountain Mining District, Beaver County, Utah and turning them into producing assets.
In the company’s news:
Part of what makes Star Mountain Resources, Inc. (OTC: SMRS) successful is its strong business model of acquiring and consolidating mining assets with high growth potential. The junior exploration and mining company focuses on base metal and precious metal mining. Star Mountain Resources plans on continuously searching out and obtaining these mines with expectations of high returns for both the company and its investors. The company also aims to incorporate any valuable team leaders from these ventures into its own.
Following its business model, the company acquired Northern Zinc LLC in November 2015. Along with that, Star Mountain Resources closed on the acquisition of Balmat Holding Corporation from Hudbay Minerals and gained access to the Balmat zinc mine in upstate New York. This gave the company a highly prolific mining asset while incorporating experienced mining professionals into its already seasoned board of directors and management team.
For example, Don Taylor was nominated for a director role following the Northern Zinc acquisition. He brought over thirty years’ experience in domestic and international mining explorations, project evaluations, reserve calculations, and mining development to Star Mountain Resources. Since June 2015, Taylor has been the president and a board member of Arizona Mining, Inc., a Canadian mineral exploration company.
Not only has the Balmat zinc venture brought a new member to the Star Mountain Resources team, but it could soon bring high profits. Zinc recently entered a bull market after production cuts tightened global supplies. The mineral increased more than 20% from a six-year low that was reached in January. The production limits will cause a deficit of 440,000 metric tons, driving up prices. Goldman Sachs predicts 12-month zinc prices at $1,800 a ton. When operations at the Balmat zinc mine begin, the company’s profits could soar as zinc prices rise.
By adhering to its sturdy business model, Star Mountain Resources will have more opportunities to obtain, manage and develop highly productive mines. So far, its acquisitions have proven themselves to be highly prolific gateways for the company and its shareholders.
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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.