United Resource Holdings Group, Inc. Receives Water Pollution Control Permit for Dun Glen Placer Mine and Approval of Acquisition of Controlling Interest in Noble Technologies Corp.
United Resource Holdings Group, Inc. (“URHG”) announced today that: (i) the Nevada Division of Environmental Protection (“NDEP”), Bureau of Mining Regulation and Reclamation, has granted final approval of a Water Pollution Control Permit for the Dun Glen Placer Mine; (ii) URHG has received approval of its acquisition of a controlling interest in Noble Technologies Corp. (“Noble”) from Noble's disinterested shareholders; (iii) the NDEP, Bureau of Mining Regulation and Reclamation, has granted conditional approval of a Major Modification of Noble's Water Pollution Control Permit; and (iv) Noble has changed its name to United Milling & Refining Corp.
The NDEP, Bureau of Mining Regulation and Reclamation, issued final approval of a Water Pollution Control Permit for the Dun Glen Placer Mine, effective as of November 2, 2012. Mark A. Kersey, URHG's President, commented, “This permit grants URHG the right to complete construction of its milling facilities and commence mining operations at the Dun Glen Placer Mine. Approval of this permit is a substantial milestone in the development of URHG's mining operations.”
URHG received approval of its acquisition of a controlling interest in Noble from a supermajority of Noble's disinterested shareholders at Noble's annual shareholders' meeting held on Wednesday, October 31, 2012. Mr. Kersey noted, “This shareholder approval grants URHG voting control of Noble and allows URHG to begin integrating the companies' operations and immediately take advantage of numerous synergistic benefits.”
The NDEP, Bureau of Mining Regulation and Reclamation, has issued conditional approval of a Major Modification of Noble's Water Pollution Control Permit at its processing facility, located at the Tahoe-Reno Industrial Center in McCarran, Nevada. Public notice for this Major Modification will be posted by the NDEP on or about November 2, 2012, and its final approval is anticipated on or about December 4, 2012. Robert G. Kilroy, Noble's President, said, “This approval will grant Noble the regulatory authority necessary to commence major modifications of Noble's facilities to increase production capacity and enhance precious metals recovery through the use of proprietary chemical processes.”
Noble has changed its name with the Nevada Secretary of State to United Milling & Refining Corp., effective on or about November 2, 2012. Mr. Kilroy stated that, “The name change is a positive development in putting the public on notice that Noble is now operating under URHG's corporate umbrella and will be taking strategic direction from URHG's board of directors going forward.”
About United Resource Holdings Group, Inc.:
United Resource Holdings Group, Inc., a Nevada corporation (“URHG”), is a publicly traded, U.S.-based holding company with core competencies in natural resource exploration, development and processing, and is quoted on the OTC Markets under the symbol “URHG”. URHG operates primarily through its subsidiary holdings in Dun Glen Mining Corp. and United Milling & Refining Corp.
Dun Glen Mining Corp., a Nevada corporation, is a wholly owned subsidiary of URHG and is engaged in the acquisition of mining equipment and the development of gold and other precious metals mining projects that demonstrate a reasonable probability for near term production, including its Dun Glen Placer Mine, located in Pershing County, Nevada.
United Milling & Refining Corp., a Nevada corporation, is a majority controlled subsidiary of URHG and is engaged in the beneficiation of precious metals from mineral ores and ore concentrates on behalf of its affiliates and third-party mining companies at its facility, located at the Tahoe-Reno Industrial Center in McCarran, Nevada.
Notice Regarding Forward-Looking Statements:
This news release may contain "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to, the accomplishment of any of our plans listed for 2012, such as any acquisitions, geophysics, production, construction projects, drilling programs or results from such programs, and the timelines within which such items may be accomplished.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, but are not limited to, the inherent uncertainties associated with mineral exploration, development, production and beneficiation. We are not in control of factors such as metals prices, labor costs or transportation expenses, and these factors could vary to make our operations uneconomical.
These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult carefully all of the information set forth herein and that which is made publicly available by us from time to time.
United Resource Holdings Group, Inc.
Mark A. Kersey, 775-851-4700