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U.S. Natural Nutrients and Minerals, Inc. Acquires Mining Equipment for Lease Back

转载 2010-09-29 13:23 marketwatch Source:marketwatch

BEND, Ore., Sep 28, 2010 (GlobeNewswire via COMTEX) -- U.S. Natural Nutrients and Minerals, Inc. announced today that in cooperation with its mining contractor, JNH Mining, Inc., USNM is moving recently purchased equipment to its mining site in order to increase its mining capacity to 100,000 tons per month. This move is in anticipation of major Excelerite user orders for late 2010 and 2011 and beyond.

Making this announcement, Dennis Cullison, President of USMN, stated, "The equipment purchased by USMN consists of a large portable screener designed to process 200 tons per hour, a case wheel loader with a 3 yard bucket, 2 semi tractors, heavy duty trailer with hydraulic beavertail, 6,000 lb 4x4 forklift, Cat 11,000 lb forklift, a conveyor stacker, 5,000 lb weight scale and generators having a value of approximately $200,000. The equipment will be leased back from USMN by the mining contractor and go into operation immediately." He further said, "The move to acquire this equipment not only adds to the asset side of our balance sheet, but is another source of revenue. The lease back arrangement will financially benefit USMN as well as JNH Mining, Inc."

U.S. Natural Nutrients and Minerals, Inc. ("USMN") is engaged in the sales and distribution of certain products derived from the company's mining activities relating to natural mineral deposits commonly known as a Calcium Montmorillonite. USMN products consist of agricultural soil rejuvenation, bio-remediation, aquaculture and composting accelerator products sold under the brand name EXCELERITE(R). USMN is headquartered in Bend, Oregon and has executive offices in Las Vegas, Nevada.


 

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