Post by
massimiliano on Jun 03, 2019 10:54am
From last M&D i am curios if they received the rest of $$$$$
GLOBAL PERFORMANCE Highlights on agreements Material Japan Co. Ltd., Japan On March 28, 2019, the Company signed a joint venture agreement with Material Japan totaling an investment of $ 2.5 million to earn 60% of the project’s profits. Of this amount, $ 180,000 was received during the second quarter of 2019. The project consists of driving an exploration ramp of approximately 400 meters in the Denain property and extracting mineralized rocks to verify the gold potential of this deposit. MaXem Holdings, South Africa The political situation in South Africa remains unstable and is still creating some disturbance within MaXem’s business. Many mines are closed including the mine where the thermal was in operation. MaXem is still looking to find another work place to pursue its activities with the thermal fragmentation technology. There has been no operation within this agreement during the two first quarters of the year. Metalfer Mining D.D.O. (“Metalfer”), Serbia The Company sold one of its mini-dragons to the private company in Serbia, Metalfer. They intend to use the surface equipment to extract vein deposits in the Balkan region. The sales contract is comprised of the following: - One thermal fragmentation unit including one lance-burner head and its accessories; - A four week orientation session, a complete on-site training session and practical training session explaining the best-use practices as well as maintenance of the unit - Monthly licensing and royalty fees The mini-dragon was shipped during April 2018. 3 Nippon Dragon Resources Inc. Management’s Discussion and Analysis For the six-month period ended March 31, 2019