Sidney Resources Corp (OTC:SDRC): Here Are Latest Developments & Updates

February 20, 2023 at 20:23 PM EST

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The mining sector has naturally attracted a considerable amount of attention over the course of the past months owing to the rising commodity prices brought about by the Russia-Ukraine war. There are a number of companies that could pique the interest of investors at this point in time and one of those is Sidney Resources Corp. (OTC:SDRC).

Before discussing some of the company's recent developments, it might be wise to take a closer look at its core business functions. Three of the company's claims are the subject of exploration and development work, determining the value of iron ore bodies found on the lands.

SDRC’s claims, located in Colorado, are known as Hornet, Lucky Ben, and Lucky Ben Extension, combining for a total area of 53 acres. The company additionally controls as many as 14 unpatented claims in the well-known Warren Mine District in Idaho, which encompasses an area of 300 acres. SDRC had been founded in 1896 and incorporated fourteen years later, in 1910.

Back on February 15, the company announced that it had managed to have a major breakthrough after it successfully filed the patent application for its revolutionary laser mining technology with the United States Patent and Trademark Office.

The patent, titled "Method and Apparatus for Using Electro-Magnetic Radiation in Narrow Vein Mining," had taken a full year to prepare, and Sydney Resources thanked the massive effort that had been put in by its engineering team. The application had been filed by the company with an application date of January 31, 2023.

The patent had originally been acquired by the company from Merger Mines; however, the patent it filed is an expanded and improved version of the same. The laser mining technology could well be revolutionary considering that it is believed to be an improvement on methods related to narrow vein mining for gemstones and precious metals.

Earlier in the month, on February 6, SDRC announced that it had made a new appointment to its board of directors in the form of Mike Irish of Irish Metals LLC. In this context, it should be noted that Irish is a professional engineer in the field of environmental engineering and holds BS as well as MS degrees from the University of Idaho in Metallurgical Engineering.

In addition, Mike Irish holds considerable experience in the field of chemistry from a career spanning more than 35 years, during which he has been involved with the development of unique and innovative processes. Irish noted that he was excited at the development of having joined Sidney Resources as a board member.

SDRC had earlier announced on January 30 of this year that it had been successful in concluding the mirror bonding work at its laser test unit. The whole project had been completed by the company with the assistance of the Material Science and Engineering Program and Clean Room at Washington State University.

The entire project was the precursor to the testing work that would be conducted by the company at the Colorado School of Mines. The bonding and preparation work related to the entire process was conducted by Brooke Downing, the Senior Lab Assistant.

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