American Video Teleconferencing Corp. (OTCPK:AVOT)
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
American Video Teleconferencing Corp. announced this month that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. is pleased to report its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. CRWE incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE .
"Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business," commented Kenneth Bosket, President & CEO of Crown Equity Holdings Inc. "Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth," stated Bosket.
CRWE announced in June of this year its 1- 10 forward stock split, as well as in August announcing that CRWE had surpassed One Million dollars (1,000,000) in sales.
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
To learn more about CRWE visit: http://www.crownequityholdings.com
Thompson Creek Metals Company Inc. (NYSE:TC) announced that it has executed a senior secured revolving credit agreement (the "Credit Agreement"). The Credit Agreement provides for a four-year revolving credit facility (the "Credit Facility") in the original amount of $290 million and permits the Company to increase the size of the Credit Facility to $300 million at any time. Up to $100 million of the Credit Facility will be available for letters of credit, and up to $30 million will be available for swingline loans. The Credit Facility will be available for borrowings by the Company in U.S. dollars and Canadian dollars. The Credit Facility will terminate and all amounts outstanding thereunder will be due and payable on December 10, 2014.
Thompson Creek Metals Company Inc., through its subsidiaries, engages in mining, milling, processing, and marketing molybdenum products in Canada and the United States. The company owns the Thompson Creek Mine and mill in Idaho; a metallurgical roasting facility in Langeloth, Pennsylvania; and a 75% joint venture interest in the Endako Mine, mill, and roasting facility in British Columbia.********
Hudbay Minerals Inc Ordinary Sh (NYSE:HBM) released its production guidance as well as its exploration and capital expenditure budgets for 2011."Our exploration budget of approximately $59 million in 2011 demonstrates management's confidence in our strong exploration team and the potential of our exploration opportunities," said David Garofalo, HudBay's president and chief executive officer. "We will also be investing $289 million in capital expenditures, including approximately $163 million at Lalor, which we are aggressively developing toward production. We are also looking forward to another solid year of production from our operating mines in 2011."
HudBay Minerals Inc. engages in the discovery, production, and marketing of base metals in North and Central America. It primarily operates zinc and copper mines. The company owns three underground mines, including 777 mine in Flin Flon, Manitoba; the Trout Lake mine near Flin Flon; and the Chisel North mine near Snow Lake, Manitoba.********
Sprint Nextel Corp. (NYSE:S) has recently launched 4G – the next generation in wireless service with download speeds that are up to 10 times faster than 3G service1 – in Denver (along with other cities along Colorado’s Front Range, including Boulder, Fort Collins and Greeley) and Bridgeport, Conn. With Sprint 4G, wireless customers will experience faster mobile downloads, video chat capabilities and turbo-charged Web browsing – all on the first wireless 4G network from a national carrier.
Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies, as well as offers fourth generation wireless services.
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