Sidney Resources Corporation Secures Over $8.0 Million for Expansion of Operations and Holdings
Sidney Resources (OTC PINK:SDRC) has secured over $8.0 million in funding, with significant participation from Board Members Sue Maas and Jim Scherrer. The capital will primarily fund the construction of a new state-of-the-art milling and processing facility, scheduled to begin in Q2 2025 with completion expected in Late 2025. The expansion aims to increase processing capacity, enhance environmental sustainability, and expand strategic holdings. The company has already received the majority of the funds and is finalizing remaining contributions.
Sidney Resources (OTC PINK:SDRC) ha ottenuto oltre $8,0 milioni di finanziamenti, con una significativa partecipazione dei membri del Consiglio Sue Maas e Jim Scherrer. Il capitale finanzierà principalmente la costruzione di una nuova struttura di lavorazione e macinazione all'avanguardia, prevista per iniziare nel secondo trimestre del 2025, con completamento atteso entro la fine del 2025. L'espansione mira ad aumentare la capacità di lavorazione, migliorare la sostenibilità ambientale ed espandere le partecipazioni strategiche. L'azienda ha già ricevuto la maggior parte dei fondi e sta finalizzando i contributi rimanenti.
Sidney Resources (OTC PINK:SDRC) ha asegurado más de $8.0 millones en financiación, con una participación significativa de los miembros de la Junta Sue Maas y Jim Scherrer. El capital se destinará principalmente a la construcción de una nueva instalación de molienda y procesamiento de última generación, programada para comenzar en el segundo trimestre de 2025, con finalización esperada para finales de 2025. La expansión tiene como objetivo aumentar la capacidad de procesamiento, mejorar la sostenibilidad ambiental y ampliar las participaciones estratégicas. La empresa ya ha recibido la mayoría de los fondos y está finalizando las contribuciones restantes.
시드니 리소스 (OTC PINK:SDRC)는 800만 달러 이상의 자금을 확보했으며, 이사회 멤버인 수 마스와 짐 셔러의 주요 참여가 있었습니다. 이 자본은 2025년 2분기 시작하여 2025년 말까지 완공될 예정인 최첨단 밀링 및 가공 시설 건설에 주로 사용될 것입니다. 이 확장은 가공 능력을 증가시키고, 환경 지속 가능성을 강화하며, 전략적 보유를 확장하는 것을 목표로 합니다. 회사는 이미 대부분의 자금을 확보했으며 나머지 기여금을 마무리 중입니다.
Sidney Resources (OTC PINK:SDRC) a sécurisé plus de 8,0 millions de dollars de financement, avec une participation significative des membres du conseil d'administration Sue Maas et Jim Scherrer. Le capital financera principalement la construction d'une nouvelle installation de broyage et de traitement à la pointe de la technologie, prévue pour commencer au deuxième trimestre de 2025, avec une finition attendue pour la fin de 2025. L'expansion vise à augmenter la capacité de traitement, à améliorer la durabilité environnementale et à élargir les participations stratégiques. L'entreprise a déjà reçu la majorité des fonds et finalise les contributions restantes.
Sidney Resources (OTC PINK:SDRC) hat über 8,0 Millionen Dollar an Finanzierung gesichert, wobei die Vorstandsmitglieder Sue Maas und Jim Scherrer erheblich beteiligt waren. Das Kapital wird hauptsächlich für den Bau einer neuen hochmodernen Mahl- und Verarbeitungsanlage verwendet, die voraussichtlich im 2. Quartal 2025 beginnen und Ende 2025 abgeschlossen sein soll. Die Expansion zielt darauf ab, die Verarbeitungskapazität zu erhöhen, die ökologische Nachhaltigkeit zu verbessern und strategische Beteiligungen auszubauen. Das Unternehmen hat bereits den Großteil der Mittel erhalten und finalisiert die verbleibenden Beiträge.
- Secured over $8.0 million in new funding
- Board members participated materially in the funding round
- Construction of new state-of-the-art processing facility planned
- Expansion will increase processing capacity and efficiency
- Facility construction won't begin until Q2 2025
- Not all committed funds have been received yet
This round of funding was supported and materially participated in by Board of Directors Members Sue Maas and Jim Scherrer.
WARREN, ID / ACCESSWIRE / December 2, 2024 / Sidney Resources Corporation (OTC PINK:SDRC), a leading innovator in precious metal processing and mining, is thrilled to announce the successful raising of more than
The centerpiece of this expansion is the construction of a state-of-the-art milling and processing facility. This larger, modern facility is designed to handle increased throughput, optimize efficiency, and ensure the highest standards of environmental sustainability. By investing in advanced technologies and scaling operations, Sidney Resources is strategically positioned to meet soaring demand and drive robust revenue growth.
"This milestone represents a pivotal moment for Sidney Resources Corporation," said Sean-Rae Zalewski, CEO of Sidney Resources Corporation. "The confidence our investors have shown in our vision empowers us to scale our operations and leverage our resources more effectively. Under the expertise of our new Board Member and industry titan, Jim Scherrer, we are ensuring the efficient use of capital to build the infrastructure necessary to maximize production and shareholder returns. Mr. Scherrer will be collaborating closely with Sidney COO, Dan Hally, and Sidney Board member and Owner of AFK Foundry, Corey Schram, to ensure strategic and efficient capital allocation during this exciting expansion phase. The new facility will enable the company to reach the first stages of an incredible potential, enhancing our ability to meet market demands and reinforcing our commitment to delivering exceptional value to our shareholders."
Sidney Resources Corporation's bold vision and expert execution are set to:
Increase Processing Capacity: The new facility will significantly boost processing capabilities, allowing Sidney Resources to meet rising demand and process ores more efficiently.
Enhance Environmental Stewardship: Incorporating sustainable technologies, the facility will underscore the company's commitment to responsible mining practices.
Expand Strategic Holdings: Additional resources will be allocated to acquiring high-potential properties and securing future revenue streams.
With this infusion of capital and the company's execution in collaborating with strategic leadership, Sidney Resources is uniquely positioned to harness the momentum of its growth strategy. The company's unwavering focus on innovation and operational excellence sets it apart as a compelling investment opportunity in the mining sector.
"Investors seeking high-growth opportunities and strong leadership should look no further," said Dan Hally. "With the expertise of our team, the backing of our investors, and our cutting-edge facility on the horizon, Sidney Resources Corporation is prepared to deliver unprecedented results."
Construction on the new milling and processing facility is set to begin in Q2 2025, with completion anticipated in Late 2025. Updates on the project's progress will be shared regularly as Sidney Resources continues to build momentum toward achieving its expansion goals.
For more information about Sidney Resources Corporation and its latest developments, please visit www.sidneyresources.com or contact:
Media Contact: Dan Hally
Chief Operations Officer
Sidney Resources Corporation
dan@sdrccorp.com
509-552-9858
About Sidney Resources Corporation
Sidney Resources Corporation (OTC PINK: SDRC) is a forward-thinking mining and exploration company dedicated to unlocking the potential of precious metal resources through innovation and sustainable practices. With a focus on efficiency, environmental responsibility, and value creation, Sidney Resources is at the forefront of modern mining advancements.
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/SDRC/disclosure
SOURCE: Sidney Resources Corporation
View the original press release on accesswire.com
FAQ
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