| Metaline Contact Mines |  | Metaline Contact Mines is one of the oldest royalty-based
mineral resources companies in the country.Organized in
1928, under the laws of the State of Washington, to acquire,
lease, explore, and develop mineral resource properties,
Metaline Contact Mines has been in continual existence for
over 76 years.From 1928 - 1946, the Company acquired zinc-
lead mining claims and other mineral rights in the Metaline
District in northeastern Washington State. In a designed
reorganization in 1960, Metaline Contact Mines acquired the
entire mineral holdings in the Metaline District owned by
the Bunker Hill Company and Day Mines Inc. This acquisition
expanded the Company's mineral rights in the district to a
vast 8,200 acres.Throughout its long history, Metaline
Contact Mines has "farmed out" its mineral holdings to
quality operating companies, in exchange for royalty
interests. Past industry partners have included such
historic mining companies as The Bunker Hill Company, Day
Mines Inc. (now a part of Hecla Mining Company), Metaline
Mining & Leasing Company, and Newmont Mining Corporation.
The Company's current mineral holdings are under long-
term lease, or similar royalty-based agreements, to Teck
Cominco American Incorporated and New Jersey Mining
Company.With its portfolio of precious metals (gold) and
base metals (zinc & lead) properties, all of which are
located in historically productive regions, and its sliding-
scale royalty structures, Metaline Contact Mines provides
its shareholders, and potential shareholders, with valuable
leverage to improving mineral prices, while providing fixed
floors to reduce downside risk, in projects of unusual
merit.Metaline Contact Mines' shares are traded on NASDAQ's
Over-the-Counter Bulletin Board, under the trading symbol
"MTLI." Its officers and directors own approximately 57 % of
the outstanding stock.
| | Visit Website | | Office Address | 8601 Prichard Creek Road,
Murray, ID, 83874 USA | | Phone | (920) 987-5317 | | Fax | (920) 987-5317 | | Send Enquiry
| | Executives | Richard L. Howell, President, CEO and Director |
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