Standard Metals Processing, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
September 30, 2020 at 03:37 pm EDT
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Standard Metals Processing, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 64,584 compared to USD 10,694 a year ago. Net income was USD 42,404 compared to net loss of USD 162,104 a year ago. For the half year, operating loss was USD 116,804 compared to USD 12,337 a year ago. Net loss was USD 202,047 compared to USD 330,564 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.
AMERICAN CLEAN RESOURCES GROUP, INC. 