American Clean Resources Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 10:20 pm IST
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American Clean Resources Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was USD 0.36771 million compared to USD 0.315899 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.12 a year ago.
For the six months, net loss was USD 0.675167 million compared to USD 0.797447 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to USD 0.3 a year ago.
American Clean Resources Group, Inc. is an exploration stage company. The Company, through its subsidiary, owns property in Tonopah, Nevada. Its business plan is to purchase equipment and build a facility on its Tonopah property to serve as a permitted custom processing toll milling facility, which includes an analytical lab, pyrometallurgical plant and hydro metallurgical recovery plant. The Company plans to perform permitted custom processing toll milling, which is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as minerals in the gold, silver, and platinum metal groups. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option. The Company is also engaged in offering an emergency notification system utilizing a patented algorithm and device for centralized water utilities.