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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mbmi Resources Inc. | TSXV:MBR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
The Company intends to fund the development of each project once all necessary requirements have been satisfied, and expects to gradually increase activities after all environment, social, and local obligations have been reconfirmed and total compliance has been exceeded. The company's objective is to achieve harmony amongst the communities while developing operations that demonstrate responsible mining and positive environmental action.
MBMI has established long-term consumer interest for the full spectrum of nickel and chrome products which are anticipated to be generated from operations and has advanced discussions with several major potential strategic partners whom are interested in jointly developing down-stream value-added processing facilities in the Philippines.
The exploration and development of the four properties contained within the FTAA will exceed US $50 million where the allocation is estimated to be over a period of one to four years. To date approximately US$20 million has been expended on exploration, evaluation, development, infrastructure, and community relations for the Palawan properties.
MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its Philippine partners have an interest in nine nickel-projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel products to primary industrial consumers in Asia.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael T. Mason, President and Director
This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: MBMI Resources Inc. Investor Relations Toll Free: 1-877-399-1991 or 604-683-1991 604-683-8544 (FAX) mbr@mbmiresources.com www.mbmiresources.com
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