The plan is to deploy around a dozen or more additional dredges over the next several months.Īssays of heavy black sand concentrates containing rare earths (REEs) in 20 showed quantities of rare earths and other valuable minerals in commercially exploitable grades.
These three 8" dredges are capable of processing about 50-60 tons per hour each for total processing of about 150-180 tons of material each hour. The dredges have custom modifications based on field testing and sample mining by Allied Mining & Supply personnel and are being custom fitted with gemstone and heavy mineral sands recovery systems. This commercial line of dredges and recovery equipment is based on the original flared sluice designed by Alan Trees and proven in the harshest environments worldwide. Sunergy's wholly owned subsidiary, Allied Mining & Supply, LLC owns the exclusive international distribution rights for the commercial dredges and mining equipment from Gold Dredge Builders Warehouse. This is not a solicitation for financing but this information is provided for disclosure purposes only. Future dredge financing terms are subject to change without advance notice. It is expected that the first several dredges will be financed on these terms. Should the investor elect to re-invest in an additional dredge he retains the option of the same future terms. In addition, a further $12,500 worth of restricted stock at a 20% discount to market plus a 1 year warrant at a 40% premium to market is added as a form of bonus. Sunergy lease purchases from Investor for a total payment of $62,500 over seven months as follows: After an initial operating period of 90 days, four equal monthly payments of $15,625 to pay in full. The terms of financing are as follows: Each dredge cost = $50,000 incl. Pampana River concession in Sierra Leone, West Africa are scheduled to commence in early January, 2011.
Recovery operations of rare earths (REEs), gold and diamonds from its 140.1 sq. Sunergy, Inc (the "Company") (PINKSHEETS: SNEY) reports that it has made suitable arrangements for purchase of the initial three Custom Double Sluice 8" Gold Grabber sump dredges it recently ordered from Gold Dredge Builders Warehouse of Riggins, Idaho. Sunergy Arranges Asset Backed Financing for Initial Equipment to Commence Recovery Operations of Rare Earths, Gold & Diamonds on Its Pamapana River Concession in Sierra Leone, West Africa 23-11-2010 14:12:38 | by: Administrator | hits: 39608 | Tags:
0 kommentar(er)
