CMC Metals is a mineral property exploration company and has not yet determined whether its mineral properties contain economically recoverable reserves. The recoverability of the amounts shown for mineral properties is dependent upon the confirmation of economically recoverable reserves, the ability of Co. to obtain necessary financing to successfully complete their development and upon future profitable production.
Cornerstone Capital Resources through its subsidiaries is engaged in the evaluation, acquisition and exploration of mineral properties in Canada and Ecuador. Co. plans to ultimately develop the properties as joint ventures, bring them into production, option or lease properties to third parties, or sell the properties outright. Co. has not determined whether these properties contain ore reserves that are economically recoverable and Co. is considered to be in the exploration stage.
Laurion Mineral Exploration is engaged in the acquisition, exploration, evaluation and development of base metals, platinum group elements and gold properties in Canada and Churchill County, Nevada, United States. Co. is in the process of exploring its mineral properties and has not yet determined whether these properties contain ore reserves that are economically recoverable.
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