Port of Call Online, Inc. (POCO) has signed an Assignment of Purchase Agreement to acquire a 100% undivided interest in the Snow White Pozzolan Mine in San Bernadino County, California, from US Mine Corp. POCO will take 100% ownership of the Snow White Pozzolan Mine, which comprises 280 acres of land, including 80 acres of railroad land and 200 acres of US Bureau of Land Management land that contains mineral rights and water rights. The acquisition is set to be completed by around 12 January 2015.
"Our announcement today of the acquisition of the Snow White Mine advances our previously stated focus on acquisition, development, mining and full-scale exploitation of industrial mineral and natural resource properties in the US,” said A. Scott Dockter, CEO of the Company. "We are in the process of introducing product samples to a number of prospective key industry customers in the California cement industry. We believe this acquisition presents the Company with significant upside potential with respect to booking new, long-term off-take and sales agreements as we establish ourselves in the California cement community."
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/the-americas/03122014/poco-acquires-pozzolan-mine-in-california-946/