Aurasource, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2020
July 24, 2020 at 11:08 am
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AuraSource, Inc. announced earnings results for the first quarter ended June 30, 2020. For the first quarter, the company announced sales was USD 0 compared to USD 35,000 a year ago. Operating loss was USD 135,600 compared to USD 150,805 a year ago. Net loss was USD 191,218 compared to USD 206,232 a year ago.
AuraSource, Inc. has divided its activities into two divisions: AuraMetal and AuraMoto. AuraMetal is focused on the development and production of processes for materials as industrial application solutions. AuraSourceâs core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. It has developed seven patented technologies, including ultrafine grinding and ultrafine separation. AuraMoto is focused on sourcing various vendors and customers in the automotive industry. Its technology separates commercially valuable minerals from other ores. The ultrafine grinding technology utilizes a fluid shock wave to grind slurry materials into ultrafine scale. The ultrafine separation separates different size particles with different densities in the slurry. Its technology enables particle separation by applying 10-100 gravity, which allows impurities and unwanted substances to be removed.
AURASOURCE, INC. 
