Dominion Lending Centres Clearlease Reports Great Western Minerals (TSXV:GWG) an integrated rare earths processor loses $3.2 million in first quarter
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Great Western Minerals (TSXV:GWG) an integrated rare earths processor loses $3.2 million in first quarter
VANCOUVER, BC (June 30, 2011) Dominion Lending Centres Clearlease Reports Great Western Minerals Group Ltd. (TSXV:GWG), a company which mines and processes rare earth metals, said June 30, 2011 it lost $3.2 million in the first quarter ended March 31, compared with a loss of $705,662 for the same period a year ago.
Revenues rose to $4.2 million from just under $3.9 million, the company reported Thursday.
Per share loss amounts were negligible for both periods.
The latest loss included stock based compensation charges of $1.7 million.
Great Western is an integrated rare earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries.
The company’s wholly owned subsidiaries are Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Mich.
The company also owns most of Rare Earth Extraction Co. Limited, which owns 74 per cent of the formerly producing Steenkampskraal Mine in South Africa.
“Great Western Minerals Group continues to see significant improvements in revenue and margin performance in our LCM alloy processing operations,” president and CEO Jim Engdahl said in a release.
“As well, our improved cash position relative to the same time last year is important given our company’s aggressive development plans at Steenkampskraal and our expansion plans for Less Common Metals. The influx of cash from the exercise of outstanding warrants continues to put our company in a much stronger position than has been the case in the past.”
Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk