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

--News Direct--

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.

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com

Contact Details

Mark McKelvie

+1 585-301-7700

markrmckelvie@gmail.com

Company Website

http://topnewsguide.com

View source version on newsdirect.com: https://newsdirect.com/news/sidney-resources-corp-otc-sdrc-here-are-latest-developments-and-updates-781035950

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.