U.S. Canadian Minerals, Inc. Secures Permits For Processing Plant
15 September 2009 - 1:42AM
Business Wire
U.S. Canadian Minerals, Inc. (Pink Sheets:USCN) (the
“Company”) announces that the Company’s wholly owned subsidiary,
Noble Technologies Corp (“Noble”), has secured both a Building
Permit and a temporary Business License from Storey County, Nevada
(the “Permits”). The Permits allow Noble to commence the assembly
of the equipment that is essential to the efficient execution of
Noble’s business plan, specifically the processing, smelting and
refining of precious and base metal ore bearing concentrates for
third party mine owners and operators in the American southwest.
The Permits require Noble to assemble the processing equipment on a
basis which is consistent with the plans prepared and submitted by
Noble and approved by the Storey County Building Department. The
Permits are also subject to certain conditions cited by the Storey
County Fire Department. Upon completion of the assembly on a basis
consistent with Storey County permitting requirements and prior to
the commencement of operations, Noble anticipates receipt of both a
Certificate of Occupancy and a Business License from the County. In
conjunction with this work, Mark Kersey, the Vice President and
Chief Financial Officer of the Company, is working with Nevada
State officials to secure the air quality, water, mining and
mercury permits required for Noble’s 31,000 square foot processing
plant to become fully operational.
FORWARD-LOOKING
STATEMENTS
This press release contains statements which may constitute
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Those statements include statements regarding the intent,
belief or current expectations of U.S. Canadian Minerals, Inc. and
members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-looking statements include, among others, material
variations in the value of the commodities being processed and
refined by the Company, unforeseen material fluctuations in
operating results and the ability to compete successfully in our
market sector. Forward looking statements are made based on
management's beliefs, estimates and opinions on the date the
statements are made and the Company undertakes no obligation to
update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as updates
may be required by applicable law. Such forward-looking statements
reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including,
the risks and uncertainties outlined in our most recent financial
statements and reports and registration statements filed with the
United States Securities and Exchange Commission (the
"SEC")(available at www.sec.gov). Although the Company believes
that the plans, expectations and intentions contained in this news
release are reasonable, there can be no assurance those plans,
expectations or intentions will prove to be accurate. Investors
should consider all of the information set forth herein and should
also refer to the risk factors disclosed in the Company's periodic
reports filed from time-to-time with the SEC. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy securities nor shall there be any sale of securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.