Moon Equity Holdings Corp. Details Its Acquisition of MINERA RADIANTE S.A.C. Mining Company

Rhea-AI Summary

Moon Equity Holdings Corp. (OTC: MONI) has acquired 95% of Minera Radiante S.A.C., a Peruvian mining company, enhancing its operational footprint in the mining sector. The acquisition involved extensive due diligence over three months, with local engagement to ensure alignment with community interests. This move secures a fully registered entity for various mineral processing activities, including exploration and distribution. Notably, Darwin Cardenas Mendoza, a third-generation Incan miner, will retain a 5% stake and provide consulting, ensuring compliance with local regulations and fostering relationships with artisanal miners.

Positive

• Acquisition of 95% of Minera Radiante enhances operational capabilities.
• Strategic alignment with local communities for long-term growth.
• Expertise from Darwin Cardenas Mendoza supports compliance and community relations.

Negative

• None.

Delray Beach, FL, Nov. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Moon Equity Holdings Corp. (OTC symbol MONI) provides details of current acquisition of 95% of MINERA RADIANTE S.A.C. The company has been operational since June of 2013 and has been led by Darwin Cardenas Mendoza, a third-generation Peruvian miner.

Moon tasked a team to perform almost three months of exploratory due diligence on the ground from the South tip of Peru to the Northern Border of Ecuador meeting with numerous local municipalities, tribal leaders, and land owners. Moon has been searching for the best opportunities for its long-term future in Peru while considering the current state of available opportunities for mineral processing and continuous mineral supply.

Moon purchased 95% of Minera Radiante S.A.C., who will still work with a 4th generation Incan Miner, who will retain a 5% stake in the company, while Mr. Mendoza consults Moon to pave a path for the new generations of Peruvian Miners that will forge a relationship between Moon’s mining operations and the Peruvian government’s new plan for legalizing artisanal miners of which control the majority of Peru’s approx. 29,000 gold mines in the 6th largest gold reserve in the world.

This acquisition provides Moon a fully registered local company poised for everything from exploration, exploitation, purchase and sale of mineral, acquisition of mines and treatment and processing of all types of minerals including metals, polymetallic and quarries of all kinds, wholesale/retail of various minerals, Marketing, distributing, buying, and selling to wholesale and retail.

Marketing, distributing, buying, and selling of various minerals to wholesale/retail includes minerals such as: copper, zinc, silver, gold, lead, coal anthracite, tungsten, manganese, iron, carbonate of calcium, sulfates of magnesium, potassium, sulfur, dolomite, marble, sulfates and phosphates, tailings, concentrates, semi-precious stones, and derivatives in mining in general. Most of all, it secures the local relationships for Moon’s growth and sustainability in the Peruvian mining industry.

Mr. Mendoza has over 30 years of active operational experience in all facets in community mining, mineral exploration, mineral logistics, mineral processing, field management and has ran various operations for majors, juniors and artisanals at all levels.

Mr. Mendoza is a native Incan Peruvian and will ensure operations are in order with all tribal, providential, municipal, regional and national ordinances using best practices.

“Intelligent Strategic Relationships Forged Today Using the Minerals of Our Ancestry will Provide Mutual Long-Term Benefits to our Shareholders and Our People.” - DARWIN CARDENAS MENDOZA

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Moon Equity Holdings Corp.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Moon Equity Holdings Corps subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on  Moon Equity Holdings Corp. future results. The forward-looking statements included in this press release are made only as of the date hereof. Moon Equity Holdings Corp. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Moon Equity Holdings Corp. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Moon Equity Holdings Corp.

Contact us at:

Info@moonequityholdings.com

http://www.moonequityholdings.com/

https://twitter.com/moon45184976?lang=en

https://www.linkedin.com/company/moon-equity-holdings-corp

FAQ

What is the significance of Moon Equity Holdings' acquisition of Minera Radiante S.A.C.?

The acquisition provides Moon Equity with a local company to handle various mineral processing activities, thereby enhancing its operational footprint in the mining sector.

How does the acquisition affect Moon Equity Holdings' future?

It positions the company to leverage local mining opportunities and build strategic relationships within the Peruvian mining community.

Who is Darwin Cardenas Mendoza in relation to the acquisition?

Darwin Cardenas Mendoza is a third-generation Incan miner who will consult Moon Equity and retains a 5% stake in Minera Radiante S.A.C., ensuring compliance with local mining regulations.

What markets will Moon Equity Holdings target following the acquisition?

Moon Equity aims to target various minerals including gold, silver, copper, and polymetallic resources through Minera Radiante's established network.