Fairmont Resources Inc.'s Profile
WHY FAIRMONT RESOURCES?
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Demand has been increasing in recent years and is currently strong in Europe, Asia, and North America for Granite and industrial minerals.
- Modernized Granite processing facility worth millions of Euros http://www.fairmontresources.ca/gallery-gf.php
- Inventory worth in excess of a million euros http://www.fairmontresources.ca/gallery-gp.php
- FMR receiving strong interest from finance parties in Europe, U.S., and Canada to fund up to 8m euros ($12m CDN) in senior secured debt to complete the acquisition and provide the company with a large operating cash cushion.
- Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine (Read Release)
GRABASA
- Fully operational processing and finishing facility, the former assets of Granitos de Badajoz S.A.
- 250,000 square metres of annual production capacity
- Total acquisition cost of EUR4.275 million
- Mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe
The company's assets include 23 premium quality dimension stone mine licenses and a 42,000 square metre processing facility for cutting and polishing with an annual production capacity in excess of 250,000 square metres. These mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe.
Providing premium dimension stone for commercial, retail and industrial applications throughout Europe, Grabasa averaged over EUR6 million in annual sales in the last 5 years of its operation. In the final year of operation Grabasa’s average monthly operating costs were EUR217,600 and its average monthly sales were EUR371,475.
Critically, 18 of the 23 mining licenses, totaling 72% of the total area of Grabasa’s licenses, are within eight kilometres of the processing plant with the remaining five within 20 kilometres. The ISO 9001:2008 certified processing facility, situated just outside of Burguillos del Cerro, is state of the art with over EUR2.2M of new cutting and polishing equipment purchased by Grabasa as part of a production expansion between 2008 and 2010.
GRABASA FACILITY INVENTORY
Fairmont Consolidates Historic Quartzite Resource at Baie-Comeau
- Historic resource of 12.3 million short tons (11.2 million tonnes) of 99.20% SiO2 - "acceptable quality for ferro silicon" - Ferro Silicon sales price recently reported at CAN$100 per tonne
- The two additional claims staked which contain the historic resource and are contiguous to the original Baie-Comeau Quartzite claims that Fairmont Resources announced in a press release on January 23, 2015 (http://goo.gl/y1eR9z)
Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine
- Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
- Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
- Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m
Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property
- Jilin Jien already active in Quebec, following the 2010 acquisition of Canadian Royalties
- Rome Lithium Property acquired by Fairmont Resources less than a month ago
- Historical underground and open pit lithium mine on property adjacent to Rome Lithium Property
12 Month Stock Chart
Management & Directors
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Michael Dehn
President, CEO & DirectorMichael has over 25 years of experience in the mining industry. He has held the position of Senior Geologist, VP Corporate Development. President, CEO, and/or Director of publicly traded and private junior mining companies. Michael has worked in diamond, base metals, precious metals, industrial minerals, oil and natural gas, as well as sand, gravel and peat deposits, primarily in the Americas on private, public company and government projects. His combination of technical and business skills have led to the development of new economical hydrometallurgical processes on historical geological deposits.
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Greg Ball
CGA - CFO & DirectorOver 23 years of experience in the accounting for an array of companies including Black Top Cabs & Pacific Western Brewing Co. CGA designation and Bachelor of Science in Mathematics from University of Alberta.
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Michael Thompson P.Geo
DirectorReceived his H.BSc. in Geology from the University of Toronto in 1997. Over 10 years of experience in both gold and base metal exploration, most notably Teck Resources Ltd., Placer Dome CLA Inc. and Goldcorp Inc. Founder, part owner and President of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full service mineral exploration consulting firm with over 60 employees and a roster of publicly traded clients. Also serves as a Director and Vice President of Exploration for Red Metal Resources Ltd., a mineral exploration company quoted on the OTC Bulletin Board.
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Ernest Cleave
DirectorMr. Cleave is currently the Chief Financial Officer of Largo Resources Ltd. Mr. Cleave is a business professional with over 25 years' experience in finance strategy, M&A, compliance, financial reporting, internal control and strategic planning. He served as Director, Chief Financial Officer, Corporate Controller and in senior finance positions for large, multi-national companies in the mining, manufacturing and retail sectors, including Bata Limited, Falconbridge Limited, and Goldcorp Inc. He started his career with PricewaterhouseCoopers in 1993 and has also served as Chief Financial Officer for numerous junior mining companies, including Alturas Minerals Corp., Cline Mining Corporation and Grandview Gold Inc.
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Neil Pettigrew M.Sc. P.Geo.
DirectorReceived H.BSc. in Geology degree from the University of New Brunswick in 1999 and his M.Sc. degree in Earth Sciences from the University of Ottawa in 2004. Over 10 years of experience with several junior and major companies in gold and Cu-Ni-PGE exploration, most notably Avalon Ventures Ltd., Temex Resources Corp., Rainy River Resources Ltd., Placer Dome CLA Inc. and Goldcorp Inc. Founder, part owner and Vice President of Fladgate Exploration Consulting Corporation of Thunder Bay, ON, a full service mineral exploration consulting firm with a roster of publicly traded clients.
Broker Fact Sheet
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FMR Broker Fact Sheet
Thu Mar 29, 2019Fact sheet details
Company Links
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Fri Apr 15 2016, 02:50PMCorporate Presentation
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Fri Apr 15 2016, 02:52PMPhoto Gallery