Prom Resources Inc. (PRMO)

Overview

Prom Resources, Inc. is a company dedicated to the exploration and extraction of precious and semi-precious minerals, specifically focusing on gold ores, corundum, and beryl. This mining entity, operating within the rich geological confines of Madagascar, strategically sells its mined materials through pre-established agreements with various third-party companies. Initially founded under the name American Benefits Group, Inc., the company underwent a significant rebranding to Prom Resources, Inc. in October 2006, signaling a new direction towards mining and natural resource extraction. Since its incorporation in 1996, Prom Resources, Inc. has positioned its operational headquarters in Orlando, Florida, serving as a key player in the international mining industry.

Products and Services

• Gold Ores

  Gold mining forms a significant part of Prom Resources, Inc.'s operations, harnessing the geological richness of Madagascar to extract gold ores. This segment involves the intricate process of locating, excavating, and processing gold ores to be sold as raw materials or further refined for various industries.

• Corundum

  The extraction of Corundum, a mineral second only to diamond in hardness, is another key operational area for Prom Resources, Inc. Corundum's primary use in abrasives and as a gemstone in varieties such as sapphire and ruby makes it a valuable mineral for extraction and sale.

• Beryl

  Engaging in the mining of Beryl, Prom Resources, Inc. taps into the demand for this mineral known for its gem varieties, including aquamarine and emerald. The extracted Beryl finds its way into various markets, ranging from jewelry to industrial applications.