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Moin Leute, Stillwater Mining Company Announces Multi-year Investment in Benton Resources Corp. and Participation in the Goodchild Ni-Cu-PGM Project Monday April 16, 7:36 pm ET BILLINGS, Mont., April 16 /PRNewswire-FirstCall/ -- STILLWATER MINING COMPANY (NYSE: SWC - News) announced today that it has entered into a Binding Letter of Intent with Benton Resources Corp., under which Stillwater will invest in Benton through one or more private placements over a multi-year period. Stillwater will initially invest US$1.4 million and will have the option to invest additional amounts in future years. Through these investments, Stillwater will finance and have the option to participate in Benton's Goodchild Ni-Cu-PGM Project, located near Marathon, Ontario. Benton, (TSX: BTC.V - News), headquartered in Thunder Bay, Ontario, is an exploration and development company with a diverse property portfolio of Canadian projects prospective for nickel, copper, platinum group elements, gold, and uranium. Commenting on the agreement, Francis R. McAllister, Chairman and Chief Executive Officer of Stillwater said, "An initial US$1.4 million investment in Benton will provide Stillwater with a desired venture opportunity at the Goodchild Project, as well as an equity position in a respected and progressive young exploration organization with a growing portfolio of base and precious metal exploration projects. Benton has an experienced management, exploration and technical team well-positioned in regions which we believe have discovery potential." Mr. McAllister continued, "Stillwater to date has primarily focused on the expansion and development of its existing PGM mining properties, and the growth of its PGM recycling business. While these internal efforts will continue, we are pursuing external mine growth opportunities, including both generative exploration projects such as those Benton conducts, as well as later stage development or operating properties." The agreement is subject to review by the TSX Venture Exchange. Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining Company can be found at its website: |
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| aus der Diskussion: | Benton Resources (BTC). Guter kanadischer Gold- und Uranwert |
| Autor (Datum des Eintrages): | Hoschie (17.04.07 06:50:46) |
| Beitrag: | 20 von 92 (ID:28850515) |
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