Verde Resources, Inc Enters into Discussion with Several Mining Companies for Potential Collaboration on Rare Earth Resources
February 13, 2014 (Source: Marketwatch) — Verde Resources, Inc. (otcqb:VRDR) is currently in discussion with several mining companies for potential collaboration to carry out exploration and exploitation works on rare earth resources in Southeast Asia regions.
Under the scope of collaboration, Verde Resources will work with mining companies in identifying, prospecting and developing mining tenements with the potential of hosting rare earth resources in Southeast Asia regions. The mining companies will assist Verde Resources in coordinating with the respective local parties to secure the exploration and mining licenses.
For the potential joint venture, Verde Resources is in discussion with these mining companies to negotiate a joint funding deal to set up the mining infrastructure for the exploitation of rare earth resources at the prospective mining tenements.
Mr. Wu concluded, “We see the potential joint venture as an opportunity for geographical expansion of our mining operations into Southeast Asia regions, which will be a significant possible market for Verde Resources. The evolvement of technological innovation will continue to improve our ability to find new mineral resources and this will help drive the long-term value for our shareholders.”
About Verde Resources, Inc.
Verde Resources, Inc. is an exploration stage mining company focused on global mining acquisition and development opportunities. Verde owns the management rights of Site IV-1 of the Merapoh Gold Mine in Pahang, Malaysia, which has four tons of alluvial gold resources and potential 30 tons of lode gold. Verde is also exploring for potential rare earth elements deposits in various parts of the world.
For more information, please contact Michael Liang: 852-215-21223 .
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Get our daily investorintel update
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.