SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that it
has executed an agreement for the sale of precious metals to a
U.S.-based refinery through the Canada-based metals broker PFL Bullion
Consultants. The one-year contract, against which the Company has
already completed the first shipment, is already in effect awaiting
final assays and payment.
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This news comes on the heels of the Company’s June report that smelting
and the production of precious metals in alloy form validated the
precious metals content of its concentrates as well as the precious
metals recovery process.
The Company also announced details on an Informational Meeting for
Shareholders slated for Wednesday, July 26, 2017. The meeting will be
held at the Gainey Ranch Golf Club in Scottsdale, Arizona and is
scheduled to begin at 10 am. Board Chairman John F Stapleton stated that
the agenda for the Informational Meeting will include:
• an update on regulatory activities, including the agreement with the
U.S. Forest Service
• an overview of the creation of the pilot processing plant
• operational details related to the pilot plan as an interim processing
facility
• details on the smelting of concentrates into saleable metal
• a recap of the sale of El Capital precious metals under the agreement
with PFL Bullion Consultants
• a financial report from the quarter closing June 30th
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is a mining company based in
Scottsdale, Arizona that is principally engaged in the mining of
precious metals and other minerals. The Company’s primary asset is its
wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which
holds the 100% equity interest in the El Capitan property located near
Capitan, New Mexico. www.elcapitanpmi.com
Forward-Looking Safe Harbor Statement:
The statements included in this press release concerning predictions of
economic performance and management’s plans and objectives constitute
forward-looking statements made pursuant to the safe harbor provisions
of Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended. Forward-looking
statements are statements that are not historical facts. Words such as
“expect(s),” “feel(s),” “believe(s),” “will,” “may,” “anticipate(s)” and
similar expressions are intended to identify forward-looking statements.
These statements include, but are not limited to, statements regarding
the expected completion, timing and results of metallurgical testing,
interpretation of drill results, the geology, grade and continuity of
mineral deposits, results of initial feasibility, pre-feasibility and
feasibility studies and expectations with respect to the engaging in
strategic transactions. All of such statements are subject to risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of the Company, that could cause actual results to
differ materially from those expressed in, or implied or projected by,
the forward-looking information and statements. Specifically, there can
be no assurance regarding the timing and terms of any transaction
involving the Company or its El Capitan property, or that such a
transaction will be completed at all. In addition, there can be no
assurance that periodic updates to the Company’s geological technical
reports will support the Company’s prior claims regarding the
metallurgical value and make-up of the ore on the New Mexico property.
Additional risks and uncertainties affecting the Company include, but
are not limited to, the possibility that future exploration,
development, testing or mining results will not be consistent with past
results and/or the Company’s expectations; discrepancies between
different types of testing methods, some or all of which may not be
industry standard; the ability to mine precious and other minerals on a
cost effective basis; the Company’s ability to successfully complete
contracts for the sale of its products; fluctuations in world market
prices for the Company’s products; the Company’s ability to obtain and
maintain regulatory approvals; the Company’s ability to obtain financing
for continued operations and/or the commencement of mining activities on
satisfactory terms; the Company’s ability to enter into and meet all the
conditions to consummate contracts to sell its mining properties that it
chooses to list for sale; and other risks and uncertainties described in
the Company’s filings from time to time with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date hereof, and we
do not undertake any obligation to revise and disseminate
forward-looking statements to reflect events or circumstances after the
date hereof, or to reflect the occurrence of or non-occurrence of any
events.
Contacts
El Capitan Precious Metals, Inc.
Steve Antol, 928.515.1942