Company Information
Bullion Monarch Mining Inc. is a natural resource company that acquires mining properties to explore and develop. Bullion’s goal is to see the properties produce through joint ventures, leases, or sales. Bullion Monarch has recently undergone a reorganization and is now known as Bullion Monarch Mining, Inc. The company’s new trading symbol is BULM.
The original Bullion Monarch Company was founded in 1948. M.M. & S. Exploration Company, founded by Robert D. Morris Sr., merged with Bullion in 1969 and became the successor and management. M.M. & S. was a pioneer in the famous Northern Nevada, “Carlin Gold Belt”. They were the first company to realize most of the gold in the area was invisible to the naked eye. The Company constructed and operated the first two extraction plants in the Carlin Trend, the Bootstrap, and the Blue Star Mines. They were instrumental in bringing Newmont Mining into the area and sold them some of their first Carlin properties.
Bullion has been very successful throughout its history at finding properties, but has always been undercapitalized. Bullion now has a revenue stream which will give it capital needed to be more successful in negotiations with other companies and development of its current and future properties. Bullion Monarch Mining Inc, having completed the reorganization and with reliable revenues from royalties, good properties, and solid management, looks forward to a promising future.
Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States. Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion.
The company acquired a 60% interest in EnShale, Inc. in 2005 in order to profit from the growing demand for oil by mining and processing oil shale into oil products. Bullion believes it has found an underappreciated asset in oil shale. There is more than two times the world’s known supply of oil contained in the mahogany zone of oil shale in Utah, Wyoming, and Colorado. While most oil companies are trying to figure out new ways to pump oil from the shale in the ground, EnShale, with Bullion’s expertise in mining, has developed a new technology to process and recover oil from the oil shale.
The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone. The USGS has reported that the oil contained in the oil shale properties is approximately 667 million barrels of oil. With current market prices for crude oil of approximately $90.00 a barrel, management believes they have an extremely valuable minable resource and with EnShale’s technology for extraction, Bullion is excited about the prospects of this project.