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ecometals ltd (EC) Snapshot

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C$-0.13
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93.1M
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ecometals ltd (EC) Details

Ecometals Limited, a junior mining company, engages in the exploration and development of base and precious metals, and ferroalloy interests located in South America. The company primarily holds interest in the Rio Zarza gold project located in Ecuador. It also holds interests in the manganese, iron, and gold projects in Brazil. The company was formerly known as Goldmarca Limited and changed its name to Ecometals Limited in October 2007. Ecometals Limited is based in Vancouver, Canada.

ecometals ltd (EC) Top Compensated Officers

Chief Executive Officer and Director
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Chief Financial Officer and Corporate Secreta...
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Vice President of Exploration, General Manage...
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Controller of Ecuadorian Operations
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Executive
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Compensation as of Fiscal Year 2014.

ecometals ltd (EC) Key Developments

Ecometals Ltd. Announces Resignation of Vanessa Neumann from Board

Ecometals Ltd. announced the resignation from the Board of Dr. Vanessa Neumann for personal reasons with effect from October 11, 2013.

Ecometals Ltd. Announces Bi-Weekly Default Status Update

Ecometals Ltd. announced that it is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults (NP 12-203). On July 26, 2013, the company announced that, for the reasons disclosed in the Default Notice, there would be a delay in the filing of its audited financial statements for the year ended March 31, 2013 and its related Management's Discussion and Analysis and Chief Executive Officer and Chief Financial Officer certifications for the year ended March 31, 2013 (collectively, the Required Filings) beyond the 120 day period prescribed for the filing of such documents. As a result of this delay in filing, on July 29, 2013, the British Columbia Securities Commission (the BCSC), the principal regulator of the company, issued a management cease trade order (the MCTO), which imposed restrictions on all trading in securities of the Company by the Chief Executive Officer, the Chief Financial Officer and all the directors of the Company until the Company files the Required Filings and the BCSC makes an order revoking the MCTO. All other parties are permitted to freely trade the company's securities.

Ecometals Ltd. Enters into Heads of Agreement with Wogen Pacific Ltd

Ecometals Ltd. announced that it had entered into a heads of agreement with Wogen Pacific Ltd. Under this agreement, Wogen will take up to eleven shipments of up to 45,000 mt each, of the company's manganese mineralized material taken from the manganese stockpiles at Serro do Navio in Amapa State, Brazil. The costs of excavation, rail freight from the company's site to the coast, transport by truck from the railhead to Santana Port, storage and stevedoring expenses and ocean freight will be borne by Wogen. Profits net of these costs will be split between Wogen and Ecometals Manganes do Amapa. Responsibility for operations in Brazil will rest with Ecometals' office in Macapa to which William Lamarque. Arrangements for ocean freight and the subsequent movement of the manganese mineralized material, together with international marketing, will be the responsibility of Wogen. Work begins on July 29, 2013 to excavate 90,000 mt in a vertical section, from the stockpile known as Grosso 30. This material will be sampled according to protocols agreed between the parties, analyzed by AIS, an independent assayist and placed in eight heaps adjacent to the railway to facilitate its subsequent loading into railcars. This preliminary stage is expected to take three weeks. Export operations are expected to commence immediately thereafter, subject to certain final Government approvals.

 

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