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EMC Appoints Jordan Capital Markets Inc. as Advisor and Sales Agent for Sale of Springer Tungsten Mine Asset in Nevada
Sep. 01, 2010 12:26PM PST
Company News
EMC Metals Corp. (TSE: EMC) announced that Jordan Capital Markets Inc. of Vancouver, British Columbia has been appointed as financial advisor and sales agent to assist the Company with the sale of the Springer Mining Company, and its tungsten mine and mill in Imlay, Nevada.
EMC Metals Corp. (TSX: EMC) announced that Jordan Capital Markets Inc. of Vancouver, British Columbia has been appointed as financial advisor and sales agent to assist the Company with the sale of the Springer Mining Company, and its tungsten mine and mill in Imlay, Nevada.
The press release is quoted as saying:
The Springer tungsten asset is a fully permitted, established underground mine and milling facility with a 1,200 tons-per-day throughput capability. The facility is designed to produce a high grade (+65%) scheelite (WO(3)) concentrate product. The facility is supported by a multi-year tungsten resource, with a NI 43-101 resource estimate technical report available on SEDAR. When returned to operation, the estimated facility output represents approximately 2% of world tungsten production and 10% of non-China production.