10 Nov 2016listing compliance notice▼ BadMajor
Star Mountain Resources, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2016material agreement▼ BadMajor
Barely a year after paying Hudbay $1.5 million cash plus shares against a nominal $9-17 million price for the Balmat Mine, and having been unable to raise the financing to ever restart production there, Star Mountain signed a letter of intent to sell the entire Balmat operation for just $6.3 million -- most of which simply pays off its defaulted TCA Global Master Fund debenture and mine care costs, with the buyer also assuming Star Mountain's remaining obligations to Hudbay. The same day, the board voted to voluntarily deregister the company's stock with the SEC, saying the costs of remaining public were no longer justified.
12 Aug 2016quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $1.5 million for the period ended 2016-06-30.
16 May 2016quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $2.8 million for the period ended 2016-03-31.
12 Apr 2016director interest notice● Neutral
Wayne Rich became a Star Mountain Resources, Inc. CFO & VP of Finance and company insider (initial ownership filing).
31 Mar 2016late filing notice▼ Bad
Star Mountain Resources, Inc. notified the SEC that its annual report would be filed late.
21 Mar 2016debt financing▼ BadMajor
Star Mountain's Balmat subsidiary, St. Lawrence Zinc, borrowed $500,000 from a New York state development authority, secured by its mining equipment and rights and guaranteed by the parent company and its other Balmat subsidiaries -- another layer of secured debt taken on to keep the mine funded.
29 Jan 2016auditor change▼ Bad
Auditor HJ & Associates resigned after selling its practice to Haynie & Company, which took over as Star Mountain's auditor; HJ's prior reports had flagged going-concern doubt over the company's recurring losses and working-capital deficit.
25 Jan 2016substantial holder notice● Neutral
Summit Capital USA, Inc reported a Star Mountain Resources, Inc. shareholding of 3,072,784 shares (8.05% of votes) in a periodic institutional filing.
22 Jan 2016substantial holder notice● Neutral
Summit Capital USA, Inc reported a Star Mountain Resources, Inc. shareholding of 3,072,784 shares (8.05% of votes) in a periodic institutional filing.
12 Jan 2016director interest notice● Neutral
Summit Capital Usa, INC. became a Star Mountain Resources, Inc. company insider (initial ownership filing).
20 Nov 2015director interest notice● Neutral
Star Mountain Resources, Inc. CEO Joseph Hamilton Marchal bought 412,500 shares on the open market.
20 Nov 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Edward Francis Brogan bought 900,000 shares on the open market.
20 Nov 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Donald Sutherland bought 1,600,000 shares on the open market.
13 Nov 2015capital raising announcement● Neutral
An officer/director converted $875,000 of prior advances into convertible-note-and-stock units -- bridge financing to keep the newly acquired Balmat operation funded.
13 Nov 2015quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $1.8 million for the period ended 2015-09-30.
5 Nov 2015asset acquisition disposition▲ GoodMajor
Star Mountain closed both deals: it raised $1.565 million from a unit placement and completed the Northern Zinc acquisition, which delivered the Balmat Zinc Mine from Hudbay for $1.5 million cash upfront plus 550,000 shares against a nominal $9-17 million total price (the rest contingent on future ore shipments) -- becoming an operating zinc miner with plans to restart concentrate production within a year.
22 Oct 2015director interest notice● Neutral
Star Mountain Resources, Inc. CEO Joseph Hamilton Marchal bought 2,000,000 shares on the open market.
22 Oct 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Edward Francis Brogan bought 6,000,000 shares on the open market.
20 Oct 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Edward Francis Brogan bought 6,000,000 shares on the open market.
16 Oct 2015material agreement▲ GoodMajor
Star Mountain identified its target: it agreed to buy Northern Zinc LLC (issuing 10 million shares and assuming $1.39 million of its debt), which in turn would buy the Balmat Zinc Mine in upstate New York from Hudbay Minerals -- adding mining-industry veterans to a new board and advisory board and installing Northern Zinc's Wayne Rich as CFO.
13 Oct 2015director interest notice● Neutral
Star Mountain Resources, Inc. 10%+ owner Summit Capital Usa, INC. sold 11,991 shares.
2 Oct 2015director interest notice● Neutral
Star Mountain Resources, Inc. 10%+ owner Summit Capital Usa, INC. received a stock option grant for 5,000 shares.
30 Sept 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Douglas Charles Maclellan received 50,000 shares as part of the equity award.
30 Sept 2015director interest notice● Neutral
Star Mountain Resources, Inc. director Donald Sutherland received 50,000 shares as part of the equity award.
22 Sept 2015director interest notice● Neutral
Star Mountain Resources, Inc. CFO Summit Capital Usa, INC. sold 5,000 shares at $1.12.
16 Sept 2015director interest notice● Neutral
Star Mountain Resources, Inc. CFO Summit Capital Usa, INC. sold 18,000 shares.
2 Sept 2015director interest notice● Neutral
Star Mountain Resources, Inc. 10%+ owner Summit Capital Usa, INC. sold 9,000 shares at $1.14.
11 Aug 2015quarterly activities report▼ Bad
Star Mountain Resources, Inc. reported a quarterly net loss of $1.8 million for the period ended 2015-06-30.
3 Aug 2015director interest notice● Neutral
Star Mountain Resources, Inc. CEO Joseph Hamilton Marchal bought 110,000 shares on the open market at $0.50.