Golden Patriot (CE) (USOTC:GPTC)
Historical Stock Chart
From Dec 2019 to Dec 2024
Golden Patriot, Corp. ("GPTC") (OTCBB:GPTC) is extremely
pleased to announce that Mr. Bradley Rudman of New York has been
appointed president of GPTC. Mr. Rudman has an extensive financial
background and was a financial consultant for many years. Mr. Rudman
brings a wealth of new contacts within the Wall Street area that
should bring a whole new audience to GPTC. Bradley Rudman, new
President of GPTC stated, "This is a great opportunity to become
directly involved with the company. I will bring a fresh approach to
the company and renewed energy that has been lacking in the stock for
the past year. My first order of business will be to have much greater
contact with our loyal shareholders and create stronger lines of
communications. GPTC is now trading near its all time low despite
actually having more projects in the works than at any other time in
the company's history. I am looking forward to building the company
and feel this is a great floor level opportunity. I believe exciting
times are ahead for GPTC's management and shareholders."
Mr. Conrad Clemiss has decided to pursue opportunities in the real
estate market. Mr. Clemiss states, "I have decided that it is unfair
to the shareholders of GPTC if the president does not have the time to
be 100% committed to the growth of the company. Knowing Mr. Rudman as
I do, I cannot think of a stronger person to fulfill this role and
bring a substantial new approach and wealth of new contacts to GPTC.
This is a very positive move for GPTC going forward."
GPTC has been notified by Ashworth Explorations Ltd. ("Ashex"),
that the first phase of a two phase work program on the Lucky Boy
property has commenced. Work will consist of grid establishment,
geochemical and radiometric surveys, along with geological mapping and
sampling. Drill targets will be determined by Dr. J.H. Montgomery, the
Qualified Person overseeing the project. Fred Brost P.Eng. of Mining
and Environmental Consultants Inc., Phoenix, AZ., will initiate the
application process concurrent with this work and in anticipation of
an early fall drill-program.
GPTC holds under an option agreement in the Lucky Boy Uranium
Project in Arizona. Uranium has been mined from the Lucky Boy Project
in the past. The Lucky Boy Project is one of the first producing
uranium mines in the state of Arizona.
GPTC has retained Ashex to run the work program. Ashex has been in
business for over 25 years as a mineral exploration contractor.
Fueling nuclear power plants to generate electricity is the most
significant commercial use for uranium. Currently, uranium provides
16% of the world's electricity via 440 nuclear reactors operating in
31 countries. Annual uranium demand is 66,000 tonnes, with mining
fulfilling only 55% of that need. An additional 30% comes from
stockpiles, which are not being replenished due to current production
shortfalls, and the remaining 15% is salvaged from recycled weapons, a
non-renewable resource.
Uranium demand is expected to increase in the coming years as new
reactors are built and brought online in developing nations such as
China, which plans to build 27 nuclear plants, India with a planned 31
new reactors, and Russia with intentions for an additional 25
reactors. With a current worldwide production shortfall of more than
300 million pounds, demand for uranium is expected to be 11% higher
than supply over the next decade.
To receive timely updates and information on any future
developments as they occur please email us at
info@goldenpatriotcorp.com.
Disclaimer: This announcement may contain forward-looking
statements which involve risks and uncertainties that include, among
others, limited operating history, limited access to operating
capital, factors detailed in the accuracy of geological and
geophysical results including drilling and assay reports; the ability
to close the acquisition of mineral exploration properties, and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. More information is included in Golden
Patriot, Corp. filings with the Securities and Exchange Commission,
and may be accessed through the SEC's web site at http://www.sec.gov.