Last C$0.07 CAD
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As of 4:10 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

wallbridge mining co ltd (WM) Snapshot

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01/16/14 - C$0.12
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wallbridge mining co ltd (WM) Details

Wallbridge Mining Company Limited acquires, explores for, and develops platinum group metals in North America. It primarily explores for platinum, palladium, gold, nickel, and copper projects. The company primarily holds interests in the Broken Hammer open pit mining project and other exploration joint ventures located in Sudbury, Ontario. The company was founded in 1996 and is headquartered in Lively, Canada.

Founded in 1996

wallbridge mining co ltd (WM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$258.1K
Executive Chairman and Chairman of Miocene Me...
Total Annual Compensation: C$158.3K
Chief Financial Officer
Total Annual Compensation: C$145.6K
Compensation as of Fiscal Year 2013.

wallbridge mining co ltd (WM) Key Developments

Wallbridge Mining Company Limited Secures USD 1.5 Million Bridge Loan from Auramet International LLC

Wallbridge Mining Company Limited announced that it has secured a USD 1.5 million bridge loan from Auramet International LLC. This funding will provide Wallbridge with additional working capital during the current start-up phase of the Broken Hammer project, and will bridge the period until sufficient revenue is received to achieve payback of the costs required to bring Broken Hammer into production and realize upon its revenue potential. Pursuant to the terms of the Bridge Loan, Auramet advanced USD 1,250,000 to Wallbridge on closing and Wallbridge is required to pay USD 1,500,000 on maturity of the loan in satisfaction of all interest and other costs associated with this facility. The Bridge Loan will mature on May 31, 2015 and any equity or debt proceeds received by Wallbridge until such date will be used towards retiring this debt. The Bridge Loan is secured by one of Wallbridge's prime assets: its Duluth Metals shares and other personal property of Wallbridge which was not otherwise encumbered.

Wallbridge Delivers First Shipments of Ore from Broken Hammer

Wallbridge Mining Company Limited announced that it started delivering the first shipments of ore from its Broken Hammer open pit mine in Sudbury, Ontario to the Redstone mill operated by Northern Sun in Timmins, Ontario. During the last few weeks, Wallbridge and its mining & transportation contractor William Day Construction Limited have built an ore stockpile of approximately 15,000 tonnes and continue to mine at an average rate of approximately 800 tonnes of ore per day. Wallbridge plans to deliver enough ore between now and when milling commences in late June to maintain an ore stockpile equivalent to two weeks of processing.

Wallbridge Mining Co. Ltd. Elects Faramarz (Marz) Kord and Elaine Ellingham as Directors

Wallbridge Mining Company Limited held its Annual General and Special Meeting of shareholders on May 6, 2014 whereby each of the following directors were elected for a term of office of one year or until their successors are otherwise duly elected or appointed: Faramarz (Marz) Kord and Elaine Ellingham.


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