MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its partners control nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel material to primary industrial consumers in Asia. The Company's Philippine partners were granted Small Scale Mining Operating permits for the Alpha nickel property in Narra, Philippines which have enabled the evaluation, extraction, testing, and sales of nickel raw materials to Asian industrial consumers In June of 2010 the Company announced the approval of a consolidated Financial and Technical Assistance Agreement (FTAA) with the Philippine Government which allows large-scale exploration, development and utilization of minerals on the four (4) properties on Palawan, Philippines. On April 19, 2011, the Company announced that it had been notified that the Office of the President of the Philippines has issued a decision cancelling the FTAAs. The Company on advice of its legal counsel believes that the decision is not in accordance with legal actions of a similar nature previously settled by the Supreme Court of the Philippines. MBMI will vigorously fight this Decision and defend the Company's affiliate's legally issued FTAAs. The company has commenced curtailment of non-essential activities and will continue activities that conform to Philippine Law while defending its rights and legally issued permits.
Sector:
Non Energy Minerals
Industry:
Other Metals Or Minerals
Employees:
N/A
Frequently Asked Questions
What is Market Cap of MBMI Resources Inc?
Market cap, also known as market capitalization, is the total market value of a company. It’s calculated by multiplying the current market price by the total number of shares outstanding. MBMI Resources Inc market cap is $163,400.00.
What is the 52-week high for MBMI Resources Inc?
52 week high is the highest price of a stock in the past 52 weeks, or one year. MBMI Resources Inc 52 week high is $0.0411 as of May 09, 2024.
What is the 52-week low for MBMI Resources Inc?
52 week low is the lowest price of a stock in the past 52 weeks, or one year. MBMI Resources Inc 52 week low is $0.0411 as of May 09, 2024.
What is MBMI Resources Inc stock price today?
MBMI Resources Inc stock price today is $0.0411.
What is the 50-day moving average of MBMI Resources Inc?
The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It’s calculated by averaging the closing stock price over the previous 50 trading days. MBMI Resources Inc 50-day moving average is $0.0411.