Last C$0.07 CAD
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As of 3:44 PM 05/15/13 All times are local (Market data is delayed by at least 15 minutes).

ferrum americas mining inc (FEM) Snapshot

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52 Week High
09/20/12 - C$0.35
52 Week Low
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Market Cap
2.5M
Average Volume 10 Days
6.3K
EPS TTM
C$-0.24
Shares Outstanding
33.5M
EX-Date
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ferrum americas mining inc (FEM) Details

Ferrum Americas Mining Inc., an exploration-stage company, engages in the acquisition, exploration, and development of iron-ore properties. It holds interest in the Cerro Rojo project that consists of 4 mining concessions, including Damasias Fatima, Cerro Chico, Cerro Lejos, and part of Fatima, as well as 53 claims totaling 1,325 hectares located in Puerto Suarez, Bolivia. The company was formerly known as Ferrum International Mining Inc. and changed its name to Ferrum Americas Mining Inc. in January 2011. Ferrum Americas Mining Inc. was founded in 2010 and is headquartered in Toronto, Canada.

Founded in 2010

ferrum americas mining inc (FEM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$100.0K
Compensation as of Fiscal Year 2012.

ferrum americas mining inc (FEM) Key Developments

Ferrum Americas Mining Inc. Provides Drilling Updates on Erro Rojo Iron Ore Project

Ferrum Americas Mining Inc. announced that drilling on the company's Cerro Rojo iron ore project in Bolivia has returned the grading results to date. This program is part of the first phase drilling underway at Cerro Rojo, which is located in eastern Bolivia, approximately 55 kilometres west of Puerto Suarez and the Hidrovia River system near Corumba, Brazil. The Corumba Iron Ore District hosts a number of world class iron ore deposits including the large El Mutun deposit and Vale's Corumba mining operations. Diamond drill hole CR12-16 intersected 94.4 metres grading 52.1% Fe including a higher grading interval of 36 metres grading 56.4% Fe. Hole CR12-17, located 200 metres west of Hole CR12-16 along strike, intersected 59.3 metres grading 52.4% Fe. Both holes intersected banded iron ore mineralization from surface. These holes were successful in extending known mineralization along strike to the west by approximately 1,000 metres from drill hole CR12-15 which intersected 50.8% Fe across 92.8 metres. Drilling to date has tested the deposit along 2,700 metres of strike at Cerro Rojo and mineralization remains open at depth and along strike. Mineralization at Cerro Rojo occurs as a massive-banded hematite-magnetite iron formation overlying a Proterozoic basement sedimentary sequence. Ferrum continues to focus on outlining iron ore resources which will be amenable to open pit mining.

Ferrum Americas Mining Inc. Announces Drilling Results on Cerro Rojo Iron Ore Project in Bolivia

Ferrum Americas Mining Inc. announced that drilling on the company's Cerro Rojo iron ore project in Bolivia has returned wide intersections of banded iron formation grading in excess of 44% Fe in seven additional holes. This program is part of the first phase drilling underway at Cerro Rojo, which is located in eastern Bolivia, approximately 55 kilometres west of Puerto Suarez and the Hidrovia River system near Corumba, Brazil. The Corumba Iron Ore District hosts a number of world class iron ore deposits including the large El Mutun deposit and Vale's Corumba mining operations. Diamond drill hole CR12-15 intersected 119.3 metres grading 45.7% Fe including a higher grading interval of 92.8 metres grading 50.8% Fe. This hole was successful in extending known mineralization down dip by more than 225 metres from drill hole CR12-05 which intersected 49.4% Fe across 88.48 metres. Drill hole CR12-13, in-filled between these two holes, intersected 96.5 metres grading 47.7% Fe. Drilling to date has tested 2,700 metres of strike at Cerro Rojo and mineralization remains open at depth and along strike.

Ferrum Americas Mining Inc., Annual General Meeting, Jan 21, 2013

Ferrum Americas Mining Inc., Annual General Meeting, Jan 21, 2013., at 10:00 Eastern Standard Time. Location: 120 Adelaide Street West. Agenda: To receive the audited consolidated financial statements of the Corporation as at and for the year ended July 31, 2012 and as at and for the period from October 14, 2010 (date of incorporation) to July 31, 2011 and the auditors' report thereon; to elect the directors of the Corporation for the ensuing year; to appoint the auditors of the Corporation and authorize the directors to fix the auditors' remuneration; to consider, and if deemed advisable, to pass, without variation, an ordinary resolution confirming the Corporation's stock option plan; to transact any other business properly brought before the Meeting.

 

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