Planet Resource Recovery, Inc. Takes Steps to Establish Operating Company in Bolivia -- Raptor Mining and Energy, SLR
13 May 2010 - 3:42AM
Marketwired
Planet Resource Recovery, Inc. ("PLANET") (PINKSHEETS: PRRY),
developer, manufacturer and marketer of PetroLuxus™ and other
"Green" technologies for the remediation and recovery of the
planet's resources, announced today that the company's wholly-owned
subsidiary, Raptor Ventures, LLC has taken steps to establish an
operating company in Bolivia. The operating company in Bolivia will
be known as Raptor Mining and Energy, SLR, and will administer the
company's working interests in Bolivia.
On April 8, 2010, PLANET announced a Joint Venture agreement
with Franklin Mining establishing Raptor Ventures, LLC. PLANET's
project funding partner, MidWest General has joined the Joint
Venture and will assist in providing funding and operational
expertise.
Members of the Joint Venture recently returned from Bolivia.
While in Bolivia the participants performed a site survey of the
San Antonio de Turiri Antimony mine for the commencement of
operations. They also evaluated numerous other mining and oil and
gas opportunities in Bolivia. A wide range of potential endeavors
were explored for the deployment of PLANET's technologies for
mining, oil and gas, environmental remediation and corrosion.
The company retained the Ferrere Group as its legal counsel in
Bolivia. For more information visit
http://www.ferrere.com/web/index/ourfirm.html.
About Planet Resource Recovery, Inc.
Houston, Texas-based Planet Resource Recovery, Inc. is the
developer, manufacturer, and marketer of unique, environmentally
friendly proprietary chemical compounds and processes that will
usher in a new paradigm shift in industry. The company is primarily
focused on three distinct sectors: 1) Oil & Gas Industry with
PetroLuxus™, 2) Remediation of mining toxic byproducts and 3)
mining of base and precious metals. The company has developed
multi-dimensional compounds and their related processes,
technologies and methodologies to provide these sectors enhanced
benefits and revenue opportunities. For more information visit:
www.planetresource.com or www.petroluxus.com.
About Franklin Mining, Inc: Franklin
Mining, Inc. has mining interests in the United States and Bolivia.
Additional information is available at www.FranklinMining.com.
Safe Harbor Statement Certain statements
in this release are "forward-looking" statements as defined in the
Private Securities Litigation Reform Act of 1995. Such statements
are subject to numerous risks and uncertainties. Actual results may
vary significantly from the results expressed or implied in such
statements. Factors that could cause actual results to materially
differ from forward-looking statements include, but are not limited
to, the Company's ability to meet the terms and conditions required
to obtain its project financing, risks and delays associated with
product development, risk of market acceptance of new products,
risk of technology or product obsolescence, competitive risks,
reliance on development partners and the need for additional
capital. Planet takes no obligation to update or correct
forward-looking statements, and also takes no obligation to update
or correct information prepared by third parties that are not paid
for by Planet.
Media Contact: Rod Mitchell 281-350-5506 Email Contact A.S.
Austin Company 858-537-7439 Email Contact
Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2023 to Jul 2024