North Bay Resources Inc. (NBRI)
OTC PINK OTC PINK Primary Summary
North Bay Resources to acquire Bendito Resources in $25M deal, adding Mexico asset portfolio
North Bay Resources Inc. (OTC:NBRI) announced on Thursday it has struck a deal to acquire privately held Bendito Resources Inc for $25 million, as it looks to expand its footprint with a portfolio of advanced and exploration-stage projects in Mexico. The deal, structured as a one-time cash payment for a 100% interest in Bendito on a debt-free basis, will give North Bay control of multiple assets primarily located in Sonora, a key mining region in northern Mexico.
North Bay Resources reports high-grade gold from first ore shipment from Fran Gold Project
North Bay Resources Inc. (OTC:NBRI) announced a weighted average of 3.38 ounces per ton of gold from its maiden ore shipment from the Fran Gold Project in British Columbia. The update includes a re-assay of sample 25FRTB-5, which returned 6.62 ounces per ton gold using ALS Global's Au-GRA21 method, the company highlighted.
North Bay Resources CEO shares insights into latest assays from Fran Gold Project - ICYMI
North Bay Resources Inc. (OTC:NBRI) CEO Jared Lazerson spoke with Proactive about the company's latest sample assays from the Fran Gold Project. Lazerson explained that the company recently conducted a 20-ton test shipment from a high-grade surface zone between trench B and trench C.
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North Bay Resources Inc. Profile
| Metals & Mining Industry | Materials Sector | Jared Lazerson CEO | OTC PINK Exchange | 657488300 CUSIP |
| US Country | 1 Employees | - Last Dividend | 17 Feb 2015 Last Split | - IPO Date |
Overview
North Bay Resources Inc. is a forward-looking natural resources exploration company with operations focused predominantly in North America. Established in 2004 and based in Collegeville, Pennsylvania, the company dedicates itself to the discovery and development of valuable mineral deposits. Leveraging its expertise in the mining sector, North Bay Resources Inc. seeks to explore for a wide array of precious, rare, and essential minerals. The organization holds a strong portfolio of projects, including interests in various geographical locations known for their rich mineral resources, particularly in British Columbia, Canada, across several sought-after commodities in the industry.
Products and Services
North Bay Resources Inc. offers an expansive range of exploration services centered on a diversified portfolio of minerals. These include:
- Gold, Silver, Copper, Platinum, Palladium, Rhodium, Iridium, and Osmium Exploration: Focused on the identification and development of deposits containing these valuable metals, critical for various industrial, electronic, and jewelry applications.
- Wollastonite Exploration: Targeting deposits of this industrial mineral which is extensively used in plastics, ceramics, paints, and many other products, owing to its unique properties like high whiteness, low moisture content, and good dielectric strength.
- Vanadium and Crystalline Flake Graphite Exploration: Concentrating efforts on these materials due to their importance in steel production and battery technologies, highlighting the company’s commitment to contributing to the green technology sector.
- Rare Earth Elements Exploration: Aiming at finding deposits of the group of seventeen elements critical for high-tech consumer products, renewable energy systems, and defense applications.
Specific Projects under North Bay Resources Inc.:
- Mount Washington Project: Located in Vancouver Island, this project focuses primarily on exploring for multiple commodities, holding a 100% interest by the company.
- Tulameen Platinum Project: Situated in Princeton in British Columbia, it aims at platinum exploration along with additional precious metals.
- Zeballos Gold Property: Covering an area of 1,017 hectares on Vancouver Island, targeting gold among other valuable minerals.
- Fraser River Platinum Property: Encompassing 413 hectares in Lytton, British Columbia, focused on platinum group metals.
- Zippa Mountain Wollastonite Property: Spans 2,456 hectares in Smithers, British Columbia, with an exploration focus on wollastonite.
