Description
Raytec Metals Corp. is a dynamic Canadian exploration company focused on the development of nearly 300,000 acres of potash claims located in Saskatchewan, Canada -- the largest producing region for potash in the world. The potash claims are located near two world-class potash mines in production since the 1960s and are directly adjacent to claims held by BHP Billiton. The company is also active on its iron ore projects in Ontario.
Latest Developments:
Raytec has just released a NI43-101 report on the KP441 Potash claim:
- Total Indicated Resource of 148.02 million metric tonnes grading 23.44% K2O = Total of 34.7 million tonnes of K2O (Indicated)
- Total Inferred resource of 229.16 million metric tonnes grading 20.40% K2O = Total of 46.76 million tonnes K2O (Inferred)
- Recoverable in-place potash equivalent tonnes, assuming the use of standard deductions and an overall recovery of 36 per cent are calculated to a net recoverable indicated resource of 12.49 million tonnes of K2O and a net recoverable inferred resource of 16.83 million tonnes of K2O.
- Exploration permits on potash claims expected to be granted in July 2008
The company also has a carried interest in 17 uranium claims in northern Saskatchewan where its joint venture partners have committed to a combined exploration budget of over $5.6 million prior to 2012.
Vital Statistics
Market: TSX – Venture, Frankfurt, OTCTickers: RAY.V, XZT, RAYMF
Number of shares in issue: 46.7 million
Share Price: C$1.25
Market Cap: C$43.9 million
1 Year trading range: C$2.05 – C$0.145
Company website address: http://www.raytecmetals.com
Share Price
In-depth Raytec Proactive Investors Articles
Recent Raytec news
- 19/08/2008 Raytec Metals sets up advisory board
- 28/07/2008 Raytec Metals secures second exploration permit
- 18/07/2008 Raytec granted potash permit & applies for more
Presentations & Company Media
No Documents available.
Related Research & Media
No Documents available.
Management
No info available.
Major Shareholders
No info available.
Contact Information
No info available.
Corporate Information
No info available.
Investors interested in Raytec recently viewed:
- Abbastar Uranium (TSX: TSX-ABA)
- Commerce Resources Corp. (TSX: CCE)
- El Nino Ventures (TSX: ELN)
- Fission Energy (TSX: TSX-FIS)
- Forum Uranium (TSX: FDC)
- Global Hunter (TSX: TSX-BOB)
- Hi Ho Silver (CNQ: HIHO)
- LANDORE RESOURCES (AIM: LND)
- Mindoro Resources (TSX: TSX-MIO)
- Pencari Mining (TSX: TSX-PMC)
- Ringbolt Ventures (TSX: TSX-RBV)
- Strathmore Minerals (TSX: TSX-STM)
- Xemplar Energy Corp (TSX: TSX-XE)