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  • Raptor Resources Holdings Inc. (RRHI) Subsidiaries On Track For Expansion 0 comments
    Oct 16, 2013 2:14 PM | about stocks: RRHI

    New Jersey-based Raptor Resources is a holdings company seeking growth opportunities through the acquisition of seasoned mining and mineral assets. The company is currently focused on advancing its two subsidiaries, Mabwe Minerals Inc. and TAG Minerals Inc.

    Raptor Resources has a 64 percent stake in Mabwe Minerals, a publicly traded company focused on barite and limestone productions at Dodge Mine with operations conducted through its Zimbabwe parent/holding affiliate, Mabwe Corp. (Private) Ltd.

    A third-party oil and gas drilling sector geologist recently classified the barite at Mabwe's Dodge Mine property as "world class" in quality, and gravity mapping of the property shows massive deposits of barite, which is primarily used as a weighting agent for drilling fluids in oil and gas drilling operations. Mabwe has partnered with both Steinbock Minerals Limited and Yasheya Limited to establish its distribution, sales, shipment and delivery network of barite. Revenue is projected to commence during the 4th Qtr. 2013.

    Raptor's second subsidiary, TAG Minerals, is a U.S.-based mineral and metal resource acquisition, exploration and development company. TAG's operations are also focused on the riches of Africa through its TAG Minerals Zimbabwe (Private) Ltd. (TAG-Z) affiliate. TAG's property is located on the Shamva Gold Belt in the mountains above the Mazowe River, which is known for its rich deposits of alluvial gold, and is located in close proximity to Mabwe's Dodge Mine. Raptor Resources is actively evaluating new TAG Minerals assets and should have announcements before the end of this year.

    Since its formation in 2011, Raptor has made considerable advances of both subsidiaries and continues to seek out additional avenues of growth. With Mabwe on pace as a barite and limestone production company, Raptor management is looking to expand its resources to acquire and develop greenfield assets aimed at gold and other viable hard assets.

    For more information, visit raptorresourcesholdings.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: RRHI
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