Star Mountain Resources Inc. SMRS Archives

ThursdayDec 03, 2015 11:12 am

Star Mountain Resources, Inc. (SMRS) Prepares to Begin Hiring Process for Newly-Acquired Balmat Mining Complex

In November, Star Mountain Resources, Inc. completed the acquisition of Balmat Holding Corporation – including St. Lawrence Zinc Company, LLC and its mining operations in the Balmat mining district of New York – after meeting all of the closing conditions of purchase agreements with both Northern Zinc, LLC and HudBay Minerals, Inc. Following the announcement, the company outlined plans to upgrade and modernize certain infrastructure systems and develop additional access to the newly-acquired mining areas in order to restart production in as little as six months. Prospective shareholders were given an update on Star Mountain’s progress earlier this week when…

MondayNov 23, 2015 4:23 pm

Star Mountain Resources, Inc. (SMRS) Adheres to Three-Tiered Responsibility Platform for Continued Success

Star Mountain Resources, Inc. (OTC: SMRS) is a junior exploration and mining company that focuses on obtaining mining claims, mineral leases, mine production, and historic mines for future growth potential. Specifically, the company acquires these base and precious metal mines in North America. At the moment, Star Mountain Resources is recommencing mining activities at the Balmat zinc mine in upstate New York, which is expected to turn the company into an active mine producer (instead of an explorer) with an impressive revenue stream beginning at the end of next year. To achieve its maximum growth through acquisitions, the company balances…

MondayNov 16, 2015 10:08 am

30 is an Atomic Number for Star Mountain Resources (SMRS)

With its acquisition of the zinc (atomic number: 30) mining operations in Balmat, St. Lawrence, New York, formerly owned by Hudbay Minerals (NYSE: HBM), Star Mountain Resources, Inc. (OTC: SMRS) is gearing up to take advantage of tightening supplies in the global zinc market. Since the Great Recession, zinc prices have been in the doldrums. In the U.S., they fell to a low of $0.78 per pound, according to Statista, and, of course, so did both supply and demand. With the global economy under stress, there was very little demand, and depressed prices gave no incentive to invest in new…

ThursdayNov 05, 2015 10:05 am

Star Mountain Resources, Inc. (SMRS) Approaching Mineral Production following Completion of Balmat Zinc Mine Acquisition

In October, Star Mountain Resources announced that it had entered into three-way definitive agreements with Northern Zinc, LLC and HudBay Minerals, Inc. (NYSE: HBM) to acquire Balmat Holding Corporation – including St. Lawrence Zinc Company, LLC and its mining operations in the Balmat mining district of St. Lawrence County, New York. This morning, SMRS provided an update on this transaction, announcing that it had met all of the closing conditions in the purchase agreements, and, as a result, the acquisition has now closed. “We are delighted to have closed this transaction with Northern Zinc and HudBay and thank the teams…

ThursdayOct 15, 2015 2:15 pm

Star Mountain Resources, Inc. (SMRS) to Acquire Balmat Zinc Mine, Accelerate Transformation into Production

Star Mountain Resources this morning announced its three-way definitive agreements with Northern Zinc, LLC and HudBay Minerals, Inc., which will result in Star Mountain acquiring Balmat Holding Corp., including St. Lawrence Zinc Company, LLC, and its mining operations in the Balmat mining district of St. Lawrence County, New York. Together, these transactions will provide Star Mountain the opportunity to shift from a junior explorer into a producer in the near term. Northern Zinc, in particular, brings to Star Mountain a roster of mining industry professionals with decades of technical and managerial experience. The total acquisition price paid to Hudbay for…

TuesdayAug 18, 2015 10:19 am

Star Mountain Resources Inc. (SMRS) Pursues Acquisition Opportunities in North American Mining Sector

Star Mountain Resources, a minerals exploration company focused on acquiring and consolidating mining claims, mineral leases, producing mines, and historic mines with production and future growth potential identified through exploration efforts, announced it is continually pursuing merger and acquisition opportunities for mines, advanced projects and immature projects that are available at opportunistic costs as a result of the current mining cycle downturn. "As part of our strategy to strategically position ourselves for the inevitable upturn in the commodity markets, we are presently pursuing the previously announced acquisition of an underground base metal mine located in North America subject to completion…

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Star Mountain Resources, Inc. (SMRS) Prepares to Begin Hiring Process for Newly-Acquired Balmat Mining Complex

Star Mountain Resources, Inc. (SMRS) Adheres to Three-Tiered Responsibility Platform for Continued Success

30 is an Atomic Number for Star Mountain Resources (SMRS)

Star Mountain Resources, Inc. (SMRS) Approaching Mineral Production following Completion of Balmat Zinc Mine Acquisition

Star Mountain Resources, Inc. (SMRS) to Acquire Balmat Zinc Mine, Accelerate Transformation into Production

Star Mountain Resources Inc. (SMRS) Pursues Acquisition Opportunities in North American Mining Sector

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