Last $0.05 USD
Change Today +0.001 / 1.96%
Volume 205.1K
As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

britannia mining inc (BMIN) Snapshot

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03/4/14 - $0.13
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11/21/13 - $0.03
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britannia mining inc (BMIN) Details

Britannia Mining Inc. focuses on exploration and development of iron ore, coal, and gold mining properties. The company was formerly known as Micron Enviro Systems Inc. and changed its name to Britannia Mining Inc. in May 2013. Britannia Mining Inc. was founded in 1998 and is based in New York, New York.

1 Employees
Last Reported Date: 03/15/12
Founded in 1998

britannia mining inc (BMIN) Top Compensated Officers

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britannia mining inc (BMIN) Key Developments

Britannia Mining, Inc. Executes MOU to Distribute 6,000,000 Tons of 'Ready Mined' Iron Ore from Asia

Britannia Mining Inc. announced that it has executed a Memorandum of Understanding (MOU) with an iron ore producer in Malaysia, and is positioning to finalize iron ore distribution contracts of over $60 Million. Under the terms of the contract, Elit Mestika Mining will make available to Britannia 600,000 metric tons (Mt) of iron ore each year. The MOU calls for the parties to complete the commercial aspects in order to position the definitive agreements. Once complete, the transaction will infuse product into Britannia's iron ore supply chain with as much as 6,000,000 metric tons, over the course of the agreement. The MOU indicates the term will be five years with an option to extend by five (5) years. Britannia will also be provided with road transportation and port loading facilities. With investment dollars proposed by REM Capital, management is building its financial framework, allowing the company to quickly transition from MOU to a Definitive Supply Contract within second quarter. Anticipated revenues from immediate cash producing projects such as this, far exceed the Company's initial conservative projections.

Britannia Mining In Talks For Acquisition

Britannia Mining Inc. (OTCPK:BMIN) is seeking acquisitions. The company is targeting revenue producing assets and is currently in negotiations regarding acquisition and trading of mineral stockpiles.

Britannia Mining Inc. Anticipates a Capital Infusion in Excess of USD 25 Million through a Senior Debt Facility

Britannia Mining Inc. announced that the company anticipates a capital infusion in excess of USD 25 Million through a senior debt facility proposed by REM Capital -- an European private equity firm founded by Gavin Scott; fund manager recently appointed to Britannia's board as a Non-Executive Director.


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