Welcome!

News Feed Item

Key Capital Advises Progress and Initial Mine & Energy Projects

SCOTTSDALE, AZ -- (Marketwired) -- 08/25/14 -- Key Capital Corporation ("Key Capital" or the "Company") (PINKSHEETS: KCPC) is pleased to advise that the Company has entered into funding agreements for the following projects, after completing initial due diligence and site visits:

1. The Doves Nest, Colorado Gold Project has secured gold mining tenements in the Idaho Springs, Century City historic gold mining district. The tenements include numerous ore dumps together with underground rights. All Mining permits are granted. The current pilot plant, which has been bulk testing legacy ore dumps, is proposed to be replaced with a 400tpd plant to commence its permitted commercial production. The Project requires funding of US$6 million, and the Company will hold a 35% interest in the Project.

2. The Chloride Copper Mine in Arizona ceased operation in 1993 when copper prices were below US$1.00/lb. To recommence production operations at the mine, the Project only requires US$13 million to refurbish existing infrastructure and plant. The existing core infrastructure value is conservatively estimated at US$10 million to US$15 million. Following funding, the Company will initially hold a 40% interest in the Project, reducing to 35% following full loan repayment.

3. The Jayapura Nickel Project in Papua, Indonesia seeks to process nickel laterite and underlying saprolite; the concentrate will then either be sold within Indonesia, or the Project interests will enter into agreement for rotary kiln arc furnace value-add processing through a joint venture or similar structure. The Project requires a first phase funding commitment of US$3.25 million to proceed and a further US$5.25 million in a second phase funding. Following funding and an earn-out payment to a current major owner, Key Capital will hold a 75% interest in the Project.

4. The GeoGlobal Oil & Gas Project has interests in two major Exploration & Production (E&P) basins in India. The project partners have already invested over US$3 billion in these basins, and the onshore interests, in which 14% and 20% Participating Interests are held, are now producing oil. The offshore gas field, in which a 10% (5% net) Carried Interest is held, commenced gas production earlier this month. Current production has significant potential for expansion. Through Key Capital's agreement with GeoGlobal, the Company has provided funding of US$100,000 and support services estimated at US$200,000 over the past four months to stabilize the company and to resolve partner and former partner interests in India. The Company's funding and support has proved critical to GeoGlobal's economic survival. Project funding will commence with a first phase of US$6 million, followed by a second phase second phase of US$9 million. A potential third phase of an additional US$15 million, if required, would fund production expansion. Key Capital has agreement to 42% of the revenue rights of the Indian onshore production and, further, has an option to acquire a 65% interest in the GeoGlobal corporate, or equivalent project interest, for US$3.5 million.

Key Capital continues to progress a number of other projects in its pipeline and will advise as finalized.

Accredited Investors can participate in funding Key Capital projects through the Company's related party partner's portal at www.redrockassets.com. Red Rock Assets LLC Lending Members are offered a base fixed 7.5% interest, plus a profit share, for a total average return of over 15%. These loans are supported by Key Capital via its Capital Safeguard provision. For details, see www.redrockassets.com.

ABOUT KEY CAPITAL: Key Capital is a resource industry business positioned to provision funding of junior mining and energy projects through structured financing and/or streaming agreements. The Company is incorporated in Georgia and headquartered in Phoenix, Arizona.

For further information, see www.keycapitalgroup.com.

Disclaimer:
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results, levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. In connection therewith, as the Company is non-reporting and further has not yet provided for lodgment of disclosure documents on the OTC Disclosure and News Service Platform, readers of this press release should be especially cautious since as evidenced by the "Stop Sign" OTC Pink No Information designation at otcmarkets.com; the Company currently does not provide disclosure.

For contact:
Chris Nichols
President/CEO
telephone +1 (480) 745-2565
email at Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...