February 28, 2017 1:03 AM ET

Metals and Mining

Company Overview of Nippon Dragon Resources Inc.

Company Overview

Nippon Dragon Resources Inc. explores for and develops mineral properties in Canada. The company owns a 100% interest in the Rocmec 1 gold project comprising 19 mining claims located in Dasserat township, Quebec. It also holds interest in the Courville-Maruska project covering 20 mining claims located in Courville township, Quebec; and the Denain project that consists of 24 mining claims located in Val d'Or, Quebec. In addition, the company provides thermal fragmentation mining technology for the mining industry, as well as offers drop/blind raising, primary and secondary ventilation raising, drainage holes, vibration blasting control, perimeter blasting and stress reduction, drift cuts, ore...

500-7055 Taschereau Boulevard

Suite 500

Brossard, QC J4Z 1A7

Canada

Founded in 2000

Phone:

450-510-4442

Key Executives for Nippon Dragon Resources Inc.

Chief Executive Officer, President, Director, Member of Health & Safety Committee and Member of Enviromental Committee
Total Annual Compensation: C$164.8K
Chief Financial Officer
Total Annual Compensation: C$72.0K
Compensation as of Fiscal Year 2015.

Nippon Dragon Resources Inc. Key Developments

Nippon Dragon Resources Inc Announces It Signs an Agreement with Diagnos Inc for Use of Its Cards Software

Nippon Dragon Resources Inc. announced that it has signed an agreement with Diagnos inc for use of its CARDS software (Computer Aided Resource Detection Software) to generate mining targets on Nippon’s Rocmec 1 and Denain properties. This powerful exploration tool will make it possible to compile all the data with those of neighboring regions to produce precise exploration targets. The agreement totals $70,000 and will serve as a guide for future drilling programmes.

Nippon Dragon Resources Inc. Auditor Raises 'Going Concern' Doubt

Nippon Dragon Resources Inc. filed its Annual on Jan 20, 2017 for the period ending Sep 30, 2016. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Nippon Dragon Resources Provides Operational Update on the Arizona Project

With regards to the project in Arizona, Nippon Dragon Resources Inc. announced that the drilling of pilot holes is complete. In excess of 480 6-inch holes were drilled all on the same mineralized structure. Thermal fragmentation operations have begun and management wishes to state that the purpose of employing the technology is to verify the grades and the widths of the mineralized veins on a known structure and that the same type of operations will be conducted on other structures located on the site. Additionally, Nippon has a trainer on-site to train the company's client's employees and training will continue until the end of the year. The treatment plant is a few weeks away from completion, the mill, conveyor, pumps and flotation cells are all installed as well as the gravimetric concentrator. The only parts that will delay the start-up of the plant are a thickener and drum filters that are added to ensure maximum recovery of the ore. These pieces are expected to arrive at the site just before the holiday season, in the meantime the ore will be stored at the work site.

Similar Private Companies By Industry

Company Name Region
0796839 B.C. Ltd. Americas
0909189 B.C. Ltd. Americas
1027344 B.C. Ltd. Americas
1082138 B.C. Ltd. Americas
13 Mining Titles in Opinaca Americas

Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 23, 2016
--
Private Placement
November 22, 2016
--
Private Placement
October 4, 2016
--
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Nippon Dragon Resources Inc., please visit www.nippondragon.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.