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Trend Mining Company Corporate Profile (TRDM.OB)
Trend Mining Company is a
diversified, U.S.-based minerals company that offers investors exposure
and leverage to discovery of base and precious metals. Trend's properties
include its royalty interest in the producing Andacollo gold mine in
Chile, the advanced stage Mouat nickel-copper deposit in Montana, and a
compelling portfolio of uranium, PGM, and base metal exploration projects
in the United States and Canada. Trend is led by highly-qualified
management and Board of Directors. Trend is a fully reporting company the
common stock of which trades on the OTC Bulletin Board.
- Advanced stage
Mouat nickel-copper deposit, Montana (30.8 million tons @ 0.38% Ni and
0.34% Cu. Trend expects to re-open the Mouat tunnel in for direct
underground access for sampling and further evaluation –
Trend’s nearest term exploration success.
- 1% royalty interest
from producing Andacollo gold mine (recoverable reserve +250,000 oz); as
much as 75% of reserve may be recovered in first years – nearest term
cash flow;
- Unconformity-type
uranium project, Athabasca Basin, Saskatchewan – biggest upside;
and
- PGM (platinum group
metals) and Cu-Ni projects in the United States and Canada – solid
exploration encouragement;
- June, 2006, Trend
brought in partner RMP Resources (private) to explore Lake Owen, Wyoming
(PGM-Ti-V-Fe project).
The new management team,
installed in mid-2004, cleaned up the Company; raised $1.6 million, paid
off creditors; acquired a high profile uranium project in the Athabasca
Basin of Saskatchewan and found a Canadian partner to explore it, acquired
an option to earn a 50% interest in the Mouat nickel copper deposit and
adjacent claims which are highly prospective for platinum and palladium;
and acquired a gold royalty at no cost on the now producing Andacollo gold
mine in Chile. Trend’s recent multi-step reorganization poises the
Company for growth as it focuses on developing the Mouat deposit.
The Andacollo gold
royalty commenced paying gold revenues to Trend in May of 2006. The
Company is now on a growth track and will focus its primary efforts on
exploring and proving up the Mouat deposit. Later in the year, Trend will
seek additional capital to advance its high potential projects and it may
then be appropriate to seek a listing on the TSX.
CORPORATION
Address:
5439 South Prince Street
Littleton, CO 80120
Phone: (303) 798-7363
Facsimile: (303) 798-7374
Website:
www.trendmining.com
Symbol: TRDM.OB (OTC Bulletin Board)
Capital Structure: Shares
outstanding: 49 million. Fully diluted, ~100 million. Management and
Directors own approximately 8% of the Company.
Convertible debentures (table to be updated as
of September 30th in December of 2006)
$0.83 million (10%) principal amount,
convertible debenture, San Francisco-based mutual funds
$1.11 million (10%) principal amount,
convertible debenture, private accredited investor
$0.94 million (8%) principle
amount, convertible debenture, Kaplan entities
$2.88 million
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