El Capitan Precious Metals Renegotiates Contract Terms to Secure Higher Price Per Ton from Chinese Buyer
Business Wire - Thu Jun 25, 6:15AM CDT
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.
El Capitan Precious Metals Secures Line of Credit to Fund Mining Operations
Business Wire - Thu May 14, 6:15AM CDT
El Capitan Precious Metals, Inc. (OTCQB: ECPN) 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.
El Capitan Precious Metals Confirms Plans to Meet Performance and Revenue Projections
Business Wire - Mon May 11, 6:16AM CDT
El Capitan Precious Metals, Inc. (OTCQB: ECPN) 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.
El Capitan Updates 2015 Guidance to Reflect Dockworker Strike and Resulting Delays
Business Wire - Mon Mar 23, 6:15AM CDT
El Capitan Precious Metals, Inc. (OTCQB: ECPN) 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.
El Capitan updates outlook for 2015 and announces shipping containers arrangement
M2 - Thu Jan 15, 4:58AM CST
Mining company El Capitan Precious Metals (Other OTC:ECPN) said on Wednesday that it expects to book revenue from sales of precious metals concentrates derived from head ore mining in the quarter ending 31 March 2015.
El Capitan Releases 2015 Guidance and Secures Shipping Containers
Business Wire - Wed Jan 14, 6:15AM CST
El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced its financial outlook for the fiscal year ending September 30, 2015. ECPN expects to book revenue from sales of precious metals concentrates derived from head ore mining in the quarter ending March 31, 2015.
ECPN Begins Transport of Precious Metals Concentrates
Business Wire - Tue Dec 16, 6:15AM CST
In completing its transition from an exploration company to an operating mining company, El Capitan Precious Metals, Inc. (OTCBB: ECPN) has achieved its most significant milestone. The Company reports that it has begun transport for delivery of its precious metals concentrates.
El Capitan agrees sale of precious-metals-rich tailings from the El Capitan mine
M2 - Fri Sep 26, 4:58AM CDT
Mining company El Capitan Precious Metals (OTC BB:ECPN) on Thursday reported the planned sale of precious-metals-rich tailings from the El Capitan mine for an undisclosed value.
El Capitan Confirms Agreement for Sale of Precious-Metals-Rich Tailings to Hong Kong-Based Trading Company
Business Wire - Thu Sep 25, 6:15AM CDT
El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today that it has reached a final agreement for the sale of precious-metals-rich tailings from the El Capitan mine to a Hong Kong-based trading company. The terms of the agreement were not disclosed, but the Company expects to see positive cash flow in Q1 of its fiscal year, which is Q4 of the 2014 calendar year.
El Capitan Precious Metals reports bridge financing to support short-term cash requirements
M2 - Mon Sep 08, 5:44AM CDT
Mining company El Capitan Precious Metals (OTC BB:ECPN) said on Friday that it has received commitment for a bridge financing to support its short-term cash requirements.
El Capitan Precious Metals Announces Commitment on Bridge Financing
Business Wire - Fri Sep 05, 12:31PM CDT
El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today that it has secured bridge financing to support the Company's short-term cash requirements. According to Board Chairman John F. Stapleton, the Company will use the bridge financing until the sale of tailings generates income.
Hong Kong-Based Trading Company Submits Letter of Intent to Buy El Capitan Precious-Metals-Rich Tailings
Business Wire - Thu Aug 21, 2:28PM CDT
El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today that it has received a Letter of Intent from a Hong Kong-based trading company to purchase tailings from the Company's New Mexico property. The two parties are currently in contract negotiations.
Mining Operations to Commence at El Capitan Site in New Mexico
Business Wire - Tue Jul 29, 6:15AM CDT
El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today that it has successfully completed the assembly and testing of the AuraSource Heavy Metals Separation System at the New Mexico mine site. When mining operations commence, the sale of the tailings will mark the Company's transition from an exploration company to an operating mining company.