Standard Metals Processing, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
October 23, 2020 at 11:07 am
Share
Standard Metals Processing, Inc. announced earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, the company announced operating loss was USD 106,058 compared to USD 826 a year ago. Net loss was USD 377,174 compared to USD 152,341 a year ago.
For the nine months, the company announced operating loss was USD 222,862 compared to USD 13,163 a year ago. Net loss was USD 579,221 compared to USD 482,905 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. 
