Standard Metals Processing, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021 at 01:29 pm EDT
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Standard Metals Processing, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 151,628 compared to USD 64,584 a year ago. Net loss was USD 315,899 compared to net income of USD 42,404 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. For the half year, operating loss was USD 494,325 compared to USD 116,804 a year ago. Net loss was USD 797,447 compared to USD 202,047 a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.08 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. 
