us precious metals inc (USPR) Key Developments
U.S. Precious Metals, Inc. Appoints David Cutler as Chief Financial Officer
Oct 18 13
U.S. Precious Metals, Inc. announced that on October 16, 2013, Mr. David Cutler was re-appointed Chief Financial Officer of the company. Mr. Cutler has previously resigned his position on July 17, 2013. Mr. Cutler has more than 30 years of experience in international finance, accounting and business administration. Mr. Cutler was Chief Financial Officer and subsequently Chief Executive Officer of Multi-Link Telecommunications, Inc.
U.S. Precious Metals, Inc. announced delayed 10-Q filing
Oct 15 13
On 10/15/2013, U.S. Precious Metals, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
US Precious Metals Inc. Announces the Successful Completion of Phase 1 Satellite Imaging on 2,134 Acres of its Mexican Property
Sep 19 13
U.S. Precious Metals, Inc. announced the successful completion of Phase 1 Satellite Imaging under the Joint Venture agreement. The imaging was carried out by Consorcio de Tecnologias Avanzadas de Columbia Ltda. and ENCO Petroleum Ltd, Bogota Columbia. The imaging technology was developed in the Ukraine and employs a satellite operated by the Russian Space Agency. A high spectrum, UV laser calibrated to detect exclusively gold mineralization is beamed to the target site. The technology captures repetitive images detecting responses to the UV laser on mineralized fields (in this case, gold mineralization). These responses (or anomalies) are processed and mapped to identify the volumetric intensity (grade level) and size of the various anomalies. The satellite imaging covered 2,134 acres of the company's 37,000 acres. The purpose of the imaging was twofold: to confirm existing geology developed by Mr. David Burney, USPR's geologist through 2 drilling programs and on-site mapping and sampling, and to identify further areas of potential interest, if any. The Company believes that both goals were achieved with this imaging program. The satellite imaging identified 27 gold anomalies, a number of which also showed high intensity levels. A total of 217 surface acres were identified by the 27 anomalies.
U.S. Precious Metals, Inc. Appoints Michael Volkov to its Board of Directors
Sep 18 13
U.S. Precious Metals, Inc. announced that former Deputy Assistant Attorney General in the Office of Legislative Affairs of the U.S. Department of Justice (DOJ) Michael Volkov has joined its Board of Directors. Mr. Volkov, a former federal prosecutor and veteran white collar defense attorney, has expertise in the areas of compliance, internal investigations and enforcement matters. Mr. Volkov spent 17 years as a federal prosecutor in the U.S. Attorney's Office for the District of Columbia. As an Assistant US Attorney, he had over 75 jury trials and extensive federal court experience. He also served on the Senate and House Judiciary Committees as the chief crime and terrorism counsel for the respective committees. In addition, Mr. Volkov served as a deputy assistant attorney general in the Office of Legislative Affairs of the U.S. Department of Justice (DOJ) and as a trial attorney in the DOJ's Antitrust Division.
U.S. Precious Metals, Inc. Announces Executive Changes
Sep 10 13
On September 4, 2013, U.S. Precious Metals, Inc. appointed Mr. Hans H. Hertell as the company's President, and in connection with such appointment, Daniel Moon resigned as the Company's President. Mr. Hertell is the sole officer and member of Hertell Group. The effective date of both agreements is August 28, 2013.