Pacific Coast Minerals USA, LLC (PCM) holdings cover what is one of the largest known set of magnetite iron ore, copper, molybdenum, silver, and gold bodies in the world.
PCM is first focused on developing its Jalisco Deposits. PCM is currently negotiating joint venture offers with various large privately held, as well as government held, Chinese trading companies and steel mills. This refocuses PCM into a holding company with an economic interest in the asset, and only a top level management team is required.
The earn-in agreement gives our partners an option to acquire up to a 49% equity interest in Pacific Coast Minerals Jalisco deposits and to become operator of the exploration and construction project. They will assume responsibility for raising financing and managing the completion of feasibility studies.
Once these are completed, the agreement provides for formation of a joint venture, for which they will be responsible for the financing, design, build and operation of a mine and plant producing at least 58 million tons per year of iron concentrates or pellets. The agreement is subject to several conditions based on operational milestones being achieved.
The deposits are in the State of Jalisco, Colima, Tabasco, and Sonora.
Pacific Coast Minerals advantages include:
-Close to naturally deep tidewater port in Manzanillo, Mexico.
-23 to 25 days sailing time to China and Europe
-Lowest production to port cost in the World
-Excellent logistics cost structure
-365 day shipping window
-Contract for sales expedited for Chinese Clients
-Secure land title
-Potential long life-over square kilometers of iron formation owned and/or under lease.
