RSM Resouro Strategic Metals Inc

ROYAL STANDARD MINERALS INC., "RSM",(TSX VENTURE:RSM)(OTCBB:RYSMF) Royal
Standard Minerals Inc. is pleased to announce that it has appointed Robert N.
Granger Q.C. as Chairman of the Board.  Mr. Granger, an Ontario resident, has
practiced law in Toronto, Ontario for more than 30 years mainly in the corporate
and securities law areas. He has been an officer and director of a number of
resource companies during this period. Currently Mr. Granger serves as Chairman
of Harricana River Mining Corporation as well as a director and officer of a
number of other companies. Roland M. Larsen indicates, "we are pleased to have
the depth of experience that Mr. Granger has to help provide management strength
to RSM going forward."


Roland M. Larsen, CEO to announce that Royal Standard Minerals Inc.(RSM) has
reached an agreement in principle with Sharpe Resources Corporation on which he
also serves as CEO and (NEX:SHO.H)(OTCBB:SHGPF) to jointly develop and operate a
number of coal projects in Eastern Kentucky. Sharpe currently controls 100%
interests in a number of coal projects in West Virginia and Eastern Kentucky. To
enter into the transaction RSM has agreed in principle to advance to the project
up to $2 million to facilitate the startup.


In order to conduct the negotiations and settlement of definitive agreements in
this connection, the board of RSM has appointed an independent committee of
directors consisting of Robert N. Granger (chairman) Mackenzie I. Watson and
James C. Dunlap to evaluate finalize and recommend the transaction to the Board
of Directors of the Company if warranted. It is anticipated that the business
will operate as a joint venture between the companies at least at the outset.


In an effort to achieve diversity within its natural resource portfolio the RSM
has entered into the jv program mentioned above focused initially on the eastern
Kentucky coal fields with Standard Energy Company a subsidiary of Sharpe
Resources Corporation. The joint venture will involve the opportunity for RSM to
earn a 40% interest in coal projects that Standard has acquired or holds under
option agreements. RSM can earn its $40% interest by advancing four projects to
production over the next 12 months.


The Central Appalachian coal region is a major participant in the domestic and
international coal markets and a leading exporter of metallurgical coal. This
region to include Eastern Kentucky and southwestern West Virginia are
participating in one of the one of the hottest coal markets in memory, a perfect
storm that has descended on the worldwide coal business with no apparent near
term solution to international demand because of the overwhelming growth in
China, and unsatisfied demand in Europe and India. The international coal
producers cannot keep pace with demand, this in turn has a direct impact
(pricing pressure) on the domestic coal market. The Central Appalachian region
is the site of one of the few areas in the US that holds large resources of
metallurgical coal. Coal prices are up to $200-$250 per ton for metallurgical
coal and in the $100-$150/ton range for high btu steam coal.


Stock prices for coal companies operating in this region in the past 6-10 months
have increased in many cases, by more than 300% in this market with new stock
market highs almost on a daily basis. RSM is getting into a market that offers
the potential for rapid growth and at the same time provide it with some
diversity into the strong energy business. The energy business is seen as being
more immune to market conditions that affect volatility in the other
commodities.


RSM will continue to work diligently on its gold projects in Nevada as part of
an effort to advance the development programs that are currently in progress.
Particular attention will be maintained on the Goldwedge project in an effort
make this property profitable in the near term. To this end the Company has
recently acquired and installed another Knelson Concentrator.


RSM is a natural resource exploration and development company.

Royal Standard Minerals cautions that the statements made in this press release
and other forward looking statements made on behalf of the Company may be
affected by such other factors including, but not limited to, volatility of
mineral prices, product demand, market competition, imprecision of mineral
estimates, and other risks detailed herein and from time to time in the
Securities and Exchange Commission filings of the Company.

Grafico Azioni Resouro Strategic Metals (TSXV:RSM)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Resouro Strategic Metals (TSXV:RSM)
Storico
Da Giu 2023 a Giu 2024