El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that the Shareholders’ Meeting will be held at The Inn of the Mountain Gods in Ruidoso, NM on September 28th 2016 at 10:00 am. The Inn of the Mountain Gods is offering a preferred rate for meeting attendees, and this rate should be requested when making reservations. The purpose of moving the meeting is to allow shareholders to visit the mine site at [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that its contracted processing agent, Logistica U.S. Terminals, LLC, has placed in excess of seven tons of precious metals concentrates into a bonded COMEX warehouse in the name of El Capitan Precious Metals Inc. The warehouse receipt demonstrates the value of the concentrates to be $3.7 million. It is expected that the proceeds from the sale of these [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that it will hold its Shareholder Meeting in June of this year. The scheduling change, from March to June, was made to accommodate the Company’s plan to present an expanded meeting agenda that will be supported by detailed operations and revenue updates. El Capitan Board Chairman John F. Stapleton cited the impact of El Nino and unusual weather conditions [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that it has enhanced its relationship with Logistica US through a new agreement under which El Capitan will provide to Logistica concentrated ore to their specifications at the mine site. Logistica will transport, process, and refine the precious metals concentrates to sell to precious metals buyers. This agreement is in addition to and complements the [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) reports the appointment of Timothy J. Gay, CPA, CVA, to its Board of Directors. The announcement comes on the heels of last week’s announcement that geologist Clyde L. Smith has joined the ECPN Board. According to Board Chairman John F. Stapleton, the two new appointments to the ECPN Board reflect the Company’s commitment to expanding and strengthening its Board of [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announces the appointment of Clyde L. Smith, PhD, PEng, to its Board of Directors. As part of the Company’s long-term goal of expanding its Board, Dr. Smith brings both mining industry experience and expertise as an exploration geologist to the position. Board Chairman John F. Stapleton points to Smith’s international reputation within the mining industry as well [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that it has reached a long-term agreement for the sale of iron ore that will commence in December. It is expected that this new agreement will result in the sale of approximately 45,000 tons of iron ore over the next 12 months. According to ECPN President and CEO Chuck Mottley, this contract has been in negotiation for several months and represents what is [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that it has realized the first payment on a large purchase order for the sale of high-quality iron ore. This revenue represents the beginning of what Company officials believe will be an on-going revenue stream—and this operating cash flow, in effect, transitions the Company from an exploration company to a mining operations company. ECPN President and [...]
El Capitan Precious Metals Inc. (OTCQB: ECPN) announced today that it is completing a renegotiated contract for the sale of El Capitan ore to its Hong Kong-based buyer. The most significant point in the revised agreement is an increase in the price per ton that the Chinese buyer will pay for the El Capitan ore. This is based on a higher precious-metals content than previously anticipated in the original contract. The [...]
El Capitan Precious Metals announced today that it has secured a line of credit to provide financing of operations to bridge until revenues on ECPN ore shipments are realized. This commitment supports the plan announced by the Company earlier this week to resume mining operations and report positive cash flow in the fiscal quarter ending June 30, 2015. According to ECPN Board Chairman John F. Stapleton, the Company has [...]
El Capitan Precious Metals today reported that, as a result of a meeting between the ECPN Board of Directors and senior management of Logistica US Terminals LLC, its contract mining partner, the Company is moving forward with a plan that will enable it to meet performance projections announced in March of this year. The meeting addressed a detailed plan for the steps needed to resume mining operations and ship El Capitan [...]
El Capitan Precious Metals today reported a revised financial outlook for the fiscal year ending September 30, 2015. The revised outlook reflects a downward revision to the Company’s financial outlook and is, in large part, a result of the protracted labor disputes involving 13,600 unionized dockworkers that have snarled trade at international seaports on the West Coast. ECPN Board Chairman John F. Stapleton stated that [...]
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