Metals and Mining
Company Overview of Mineral Mountain Resources Ltd.
Mineral Mountain Resources Ltd. is engaged in the acquisition, exploration, and development of precious and base metal projects in North America. The company explores for gold, silver, zinc, lead, and copper metals. Its projects include the Holy Terror project that consists of 32 patented mineral claims and 412 unpatented lode claims covering approximately 4,375 acres located in the Keystone Mining District, Pennington County, South Dakota; Shining Tree project that covers an area of 145 square kilometers in Ontario; and the Kootenay Arc property covering approximately 101,000 hectares located in the Kootenay District of south-eastern British Columbia. The company was incorporated in 2006 an...
1195 West Broadway
Vancouver, BC V6H 3X5
Founded in 2006
Key Executives for Mineral Mountain Resources Ltd.
Chief Executive Officer
Total Annual Compensation: $146.9K
Chief Financial Officer
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2013.
Mineral Mountain Resources Ltd. Key Developments
Mineral Mountain and Holy Terror Mining Company Mutually Agree to Amend Original Option Agreement by Extending Expenditure Requirements from 3 Years to 10 Years
Oct 9 13
Mineral Mountain Resources Ltd. reported that, due to the difficult, prolonged market uncertainties the mining industry is experiencing, the company and the Holy Terror Mining Company have mutually agreed to extend the annual expenditure requirements defined in the original option agreement from the end of the third anniversary of the Effective Date of the Option Agreement to the tenth anniversary. The project now totals approximately 5,048 acres (2,043.7 hectares) in size and encompasses an area 14 kilometers long by 1.5 kilometers wide. The Property, which now hosts 8 historical gold producers, is located within a belt of rocks consisting of sheared, carbonate iron-formation rich, metamorphosed Precambrian rocks that trends through the Holy Terror gold project. The eight former gold producing areas included in the Holy Terror Project are the Holy Terror Mine, the Keystone Mine, the Bullion Mine, the Bismarck Mine, the Egyptian Shaft, the Egyptian Shaft #2, the Ida Florence Shaft and the Juniper Mine are all located on major, crustal-scale braided fault structures that occur within a 300 metre wide belt of vein and iron-formation related gold mineralization. Seven of the eight shafts are aligned in a northwest direction for a distance of approximately 1.4 km and the gold mineralization dips steeply to the northeast. To exercise its option to acquire an additional 15% interest in the Property, for a 75% interest in aggregate, Mineral Mountain shall incur additional exploration expenditures of $12,500,000 on or before the tenth anniversary of the date of the Option Agreement.
Mineral Mountain Resources Ltd. Announces Termination of Pipestone Agreement Duncastle Gold Corp
Sep 19 13
Mineral Mountain Resources Ltd. announced that Duncastle Gold Corp. has terminated, by mutual agreement with the company, the letter of understanding for the Pipestone property announced in a joint news release dated November 13, 2012. Duncastle has returned the Pipestone property to the company.
Mineral Mountain Resources Ltd., Annual General Meeting, Oct 10, 2013
Aug 9 13
Mineral Mountain Resources Ltd., Annual General Meeting, Oct 10, 2013., at 10:00 Pacific Standard Time. Location: Suite 401, 1195 West Broadway,. Agenda: To receive the audited financial statements of the company for the fiscal year ended March 31, 2013 (with comparative statements relating to the preceding fiscal period); to fix the number of directors at seven; to elect directors; to appoint the auditors and to authorize the directors to fix their remuneration; to approve company's amended and restated stock option plan and to reserve for the grant and issuance of incentive stock options of up to a maximum of 10% of the currently outstanding shares of the company as of the date of grant; and to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.
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