Standard Metals Processing, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 14, 2020 at 02:28 am IST
Share
Standard Metals Processing, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced operating loss was USD 52,220 compared to USD 1,643 a year ago. Net loss was USD 244,451 compared to USD 168,460 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 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.