Southridge Enterprises Inc. (SRGE)
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Southridge Enterprises Inc. Profile
| Specialty Retail Industry | Consumer Discretionary Sector | Michael Davies CEO | EXPM Exchange | 84467T403 CUSIP |
| US Country | - Employees | 4 Jan 2013 Last Dividend | 23 Oct 2008 Last Split | - IPO Date |
Overview
Southridge Enterprises, Inc. is a company dedicated to the mining industry, particularly focusing on the acquisition, exploration, and development of gold and silver mines in Mexico. The company operates primarily through its subsidiary, Southridge Minerals, Inc., leveraging the rich mineral resources the region has to offer. Founded in 2004 and headquartered in Dallas, Texas, Southridge Enterprises has positioned itself as a significant player in the mining sector by securing strategic properties and agreements aimed at extracting valuable minerals. Its operational framework is designed to tap into Mexico's vast mineral wealth, underscoring its dedication to growth and the discovery of lucrative mining prospects. As a subsidiary of Novamex Mineral SA, Southridge Enterprises Inc.'s strategic direction and activities are backed by seasoned expertise and an extensive network in the mining industry.
Products and Services
- Cinco Minas Property
- Gran Cabrera Property
- Esperanza Property
Southridge Enterprises has secured an agreement to acquire a 100% interest in the Cinco Minas property, sprawling over approximately 10,750 hectares. Located northwest of Guadalajara, this property is a cornerstone of the company's mining exploration and development activities. It represents a significant step towards harnessing the gold and silver deposits within the area, reflecting Southridge's commitment to expanding its mining portfolio in resource-rich territories.
The Gran Cabrera property, encompassing around 4,300 hectares, is another strategic asset under Southridge's belt, located northwest of the Cinco Minas area. This property holds potential for the exploration and extraction of gold and silver, adding depth to the company's mining operations and enhancing its prospects for future development and production success.
Southridge also has an option to acquire a 40% interest in the Esperanza property, which covers approximately 106,333 hectares. Situated north of La Estancia, Jalisco, this vast land area presents an opportunity for Southridge to further extend its exploration activities. The Esperanza property holds promise for uncovering substantial mineral reserves, contributing to the company's strategy of portfolio diversity and resource expansion.
