X

Raptor Resources Holdings Inc. (RRHI) to Evaluate and Secure Mining Assets, Develop Greenfield Assets as Mabwe Minerals Ramps up Barite and Limestone Production

Raptor Resources Holdings, a fully reporting, publicly traded holdings company, is focused on mineral resource acquisition, exploration, and development. The company currently operates through two subsidiaries: Mabwe Minerals Inc. (OTCQB: MBMI) and TAG Minerals Inc. The aim of Raptor Resources is to grow both organically and through acquiring seasoned mining and mineral assets.

Company subsidiary Mabwe Minerals, a natural resources and hard asset company, has its focus on the mining, logistics, and commercial sales of Dodge Mine industrial minerals and metals. The Dodge Mine is composed of a series of hydrothermal mountains representing 233 hectares that contain multiple deposits of superior-grade barite, limestone, and talc. Mabwe Minerals’ Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., owns 100 percent of the Dodge Mine’s mineral and metal rights. Raptor Resources owns about 90 million shares of Mabwe Minerals, Inc., or about 64.2 percent of its issued and outstanding shares of common stock.

The Dodge Mine’s barite deposits are considered world class in quality, due to their high percentage of content of barium sulfate (BaSO4), and Mabwe Minerals is competitively positioned to support barite demands in Europe and the Middle East. The company is also ideally located to lead the local region in addressing large oil and gas discoveries off the coast of Mozambique, including a long-term agreement to support demands within the Gulf of Mexico.

Founded in May 2011, Raptor Resources was formed with the intent to place alluvial gold assets into its Zimbabwe affiliate, TAG Minerals Zimbabwe Limited. Favorable circumstances led Mabwe Minerals Zimbabwe Limited to acquire the Dodge Mine in September 2011. The company was also simultaneously pursuing an acquisition that ultimately emerged as Mabwe Minerals, Inc. All Zimbabwe resources were subsequently redirected toward building the Dodge Mine Infrastructure and the Mabwe Minerals Advisory Board. In less than two years, a turnkey operation was completed that includes an equity position in WGB Kinsey & Company, one of the most experienced mining and construction companies in Zimbabwe, and a strategic partnership with PHI Commodities, which provides land transportation with exclusive rights to their outbound rail wagons direct to the Port of Beira. Mabwe has additionally formed strategic partnerships with Steinbock Minerals, which specializes in the global distribution of industrial minerals; and Yasheya Limited, which specializes in the global shipment of industrial minerals.

As Mabwe Minerals increases barite and limestone production, the management of Raptor Resources Holdings will expand resources to evaluate and secure seasoned mining companies and acquire and develop greenfield assets that are aimed at gold and other viable hard assets.

For more information visit www.raptorresourcesholdings.com

Let us hear your thoughts: Raptor Resources Holdings Inc. Message Board

Related Post