Eastern Platinum Ltd. is pleased to report that it has filed its Q3 2019 condensed interim consolidated financial statements and management's discussion and analysis for the three and nine months ended September 30, 2019. Below is a summary of the Company's financial results for Q3 2019): Revenue from the Retreatment Project for three and nine months ended September 30, 2019 was $11.3 million and $27.1 million [...]
Eastern Platinum Ltd. and its subsidiary Barplats Mines Limited are pleased to announce Barplats has entered into a sales agreement with Eland Platinum Limited . The Agreement provides for sale of the mining rights, immovable property, infrastructure and equipment of the Maroelabult resource property located near Brits in South Africa. The consideration to be received is R20 million, the assumption of the rehabilitation [...]
Eastern Platinum Ltd. announces the resignation of Nigel K. Dentoom from the board of directors of the Company on October 1, 2019 due to his increasing outside business responsibilities. George Dorin, Chairman of the Company, stated, "The Company and I thank Nigel for his contribution to the board of directors and we all wish him success in his various ventures." Cautionary Statement Regarding Forward-Looking Information [...]
Eastern Platinum Ltd. has been advised that a notice of appeal from the petitioner was filed on September 17, 2019 related to the attempt to begin a derivative action. The Company intends to oppose the appeal and seek to uphold the Court's earlier decision of a dismissal. Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking statements" or "forward-looking information [...]
Eastern Platinum Ltd. announces that it has received the written reasons for judgment of Mr. Justice Smith of the Supreme Court of British Columbia dismissing, with costs, the petition filed by 2538520 Ontario Limited, a shareholder of the Company, seeking leave to commence a derivative action on behalf of the Company against certain of its current and former directors in relation to the transactions between the Company [...]
Eastern Platinum Ltd. is pleased to report that it has filed its Q2 2019 condensed interim consolidated financial statements and management's discussion and analysis for the three and six months ended June 30, 2019. Below is a summary of the Company's financial results for Q2 2019 ): Revenue from the Retreatment Project for six months ended June 30, 2019 - $15.8 million; Operating loss decreased to $0.4 million in Q2 2019 [...]
SERVICES/ Trading Symbol: ELR ; EPS VANCOUVER, June 18, 2019 /CNW/ - Eastern Platinum Ltd. announces that it has granted 1,800,000 stock options to directors and officers of the Company that vest in 90 days. The options were granted for a term of five years, and expire on June 13, 2024. Each option allows the holder to purchase one common share of Eastplats at an exercise price of CDN$0.21. Cautionary Statement [...]
Trading Symbol: ELR ; EPS Eastern Platinum Ltd. is pleased to announce that all of the nominees proposed as directors and listed in the management information circular dated May 6, 2019 were elected as directors of Eastplats at its annual general and special meeting of shareholders held on June 13, 2019 . At the Meeting, PricewaterhouseCoopers LLP were also re-appointed as auditors of Eastplats and the Company's Stock [...]
Trading Symbol: ELR ; EPS Eastern Platinum Ltd. is pleased to report that it has filed its Q1 2019 condensed interim consolidated financial statements and management's discussion and analysis for the three month period ended March 31, 2019. Below is a summary of the Company's financial results and highlights for Q1 2019 ): Revenue from the Retreatment Project $5.4 million; Operating loss $1.8 million in Q1 2019 compared [...]
Trading Symbol: ELR ; EPS Eastern Platinum Ltd. is pleased to report that it has filed its Audited Consolidated Financial Statements for the years ending December 31, 2018 and 2017 and the corresponding, Management's Discussion and Analysis and Annual Information Form. Below is a summary of the Company's financial results and highlights for the year ended December 31, 2018 : Capitalized $64.0 million in respect to the [...]
Trading Symbol: ELR ; EPS Eastern Platinum Ltd. and its subsidiary Barplats Mines Limited is pleased to announce that the Company has made its first shipment, totaling 10,000 tons of chrome concentrate from its newly constructed chrome retreatment facility in South Africa. As announced on December 18, 2018, the chrome processing circuit installed at the Barplats Zandfontein UG2 tailings retreatment facility is being [...]
Trading Symbol: ELR ; EPS Eastern Platinum Ltd. and its subsidiary Barplats Mines Limited is very pleased to announce that the Company has commenced commissioning its newly constructed chrome plant and the Chrome Circuit produced its first chrome concentrate. The chrome processing circuit, related technology and knowhow , in conjunction with the re-mining of the Barplats Zandfontein UG2 tailings , are located at the [...]