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Last $0.07 USD
Change Today +0.0035 / 4.93%
Volume 28.1K
USPR On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

us precious metals inc (USPR) Snapshot

Open
$0.07
Previous Close
$0.07
Day High
$0.08
Day Low
$0.07
52 Week High
10/1/14 - $0.33
52 Week Low
08/21/15 - $0.04
Market Cap
12.2M
Average Volume 10 Days
385.3K
EPS TTM
$-0.03
Shares Outstanding
164.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for US PRECIOUS METALS INC (USPR)

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us precious metals inc (USPR) Details

U.S. Precious Metals, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company focuses on gold, silver, and copper deposits. It owns interest in the Solidaridad property covering approximately 37,000 contiguous acres of land located in the State of Michoacán, Mexico. U.S. Precious Metals, Inc. was founded in 1998 and is headquartered in Marlboro, New Jersey.

3 Employees
Last Reported Date: 09/10/14
Founded in 1998

us precious metals inc (USPR) Top Compensated Officers

Chairman and President
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Chief Technology Officer
Total Annual Compensation: $240.0K
Director of Mexican Operations
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

us precious metals inc (USPR) Key Developments

U.S. Precious Metals, Inc. announced delayed annual 10-K filing

On 08/28/2015, U.S. Precious Metals, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

U.S. Precious Metals, Inc. Announces Drill Holes 12-17 of its 2015 Drilling Campaign

U.S. Precious Metals, Inc. announced that it has completed a total of 30 drill holes to date under its 2015 drilling campaign. USPR expects to complete the first 5,000 meter of the planned campaign by month's end. The drilling campaign has focused on definition drilling within the Main Zone and the southern Main Zone with the goal in increasing the resource estimate while discovering additional mineralized material. As mentioned, drill holes 12 through 17 targeted the southern portion of the Main Zone with efforts focused on drilling exposed quartz sulfide veins on the surface and defining those veins at depth. The company has received the independent assay results from ACT Labs, Zacatecas, Mexico for these drill holes. Holes 12 through 17 assay results demonstrate grades up to 50g/t Au (Gold), 372g/t Ag (Silver) and 13.46% Cu (Copper).

U.S. Precious Metals, Inc. Provides Drilling Update and Releases Assay Results on Initial 11 Drill Holes from Its 2015 Drilling Campaign

U.S. Precious Metals, Inc. announced that it has completed 25 drill holes (approximately 4,300 meters) to date under its 2015 drilling campaign. Based on existing hole depths, the company expects to drill a total of 30 holes in this campaign to reach 5,000 meters. The drilling campaign focused on definition drilling of locations on the Main Zone and the Southern extension areas as well as extending the Main Zone towards the North Zone. Drilling Update: Holes 1 through 8 have extended the Main Zone towards the North Zone. While the company has not drilled any holes in the North Zone to date, the North Zone exhibits an exposed quartz sulfide vein system that runs in the direction of the Main Zone. In addition, the company grabs samples from the North Zone indicating results as high as 36g/t Au. The North Zone is located on an adjacent low-lying mountain separated by a wash area, which may be ideally suited for placer mining. Based on the current drill results and the exposed vein system, the company believes that the Main Zone is geologically connected to the North Zone, which is a distance of approximately 500 meters peak to peak. Holes 9-11 were located in the northern end of the Southern extension and further expand the results in this area from the 2008 and 2010 drilling campaigns. The Southern extension also exhibits an exposed quartz sulfide vein system that runs in the direction of the Main Zone. The Southern extension is located on an adjacent low-lying mountain, also separated by a wash area having placer mining potential. Holes 12-30 are designed to further expand the results in the southern portion of the Main Zone. The Company undertook significant road work in order to reach these drill sites. The Company has received the independent assay results from ACT Labs, Zacatecas, Mexico (unrelated to ACT Holdings, a US company, the drilling operator) for the initial 11 cores. All 11 holes successfully intersected mineralization with numerous quartz sulfide veins.

 

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