Metals House Inc. Forms Strategic Alliance with LAURION
SAN FRANCISCO (PRWEB) July 23, 2019 -- Metals House Inc. (“Metals House”) has signed a Doré Sourcing Agreement with LAURION Mineral Exploration Inc. (“Laurion”), which includes LAURION and LAURION’s wholly-owned subsidiary, Ahsineeg Inc. (“Ahsineeg”), and Ahsineeg’s private investment group.
Metals House is a fully regulated global precious metals trading firm with its principal trading subsidiary in the Dubai Multi Commodities Centre (DMCC) in Dubai, UAE. The firm has offices in Dubai, Miami, Sao Paulo, Toronto, Nouakchott, and Hong Kong.
In April 2019, Metals House launched a $150 million debt security offering, with US Capital Global Securities as its lead placement agent. The investment opportunity, which remains open to eligible investors, combines the collateral backing of physical gold with a senior secured 8% coupon debt instrument.
“We are excited to partner with Laurion in this strategic initiative,” said Ayman Shahin, Co-Founder and CEO of Metals House. “We expect this to be the first step in a mutually beneficial long-term relationship between Laurion and Metals House.”
The new agreement will give Metals House a ‘right of first refusal’ to the 190,000 tonne surface stockpile located on LAURION’s wholly-owned Ishkoday property situated 220 kilometers northeast of Thunder Bay, Ontario. The former Sturgeon River Mine produced 73,322 ounces of gold and 15,929 ounces of silver (1936-1942) from the No. 3 Vein (24 g/t gold), generating a large gold and silver bearing stockpile in the indicated resource category.
LAURION’s wholly-owned subsidiary, Ahsineeg, along with its private investment group, will not only finance and otherwise support the development and extraction of gold and other metals from the Surface Stockpile, but will serve as the Canadian conduit/broker for Metals House for doré sourced in Canada and other countries.
Cynthia Le Sueur-Aquin, President and CEO of Laurion stated: “This is truly a win-win scenario for all parties involved. Metals House has an excellent reputation in precious metals trading and long-standing relationships in the gold and silver industries. We look forward to drawing from their extensive international network, their industry expertise and their market knowledge while bolstering a strategic financial partnership that in time is expected to drive the significant upside in LAURION’s Ishkoday Gold Project.”
About Metals House Inc.
Metals House Inc. is a fully regulated global precious metals trading firm with its principal trading subsidiary in the Dubai Multi Commodities Centre (DMCC) in Dubai, UAE. Metals House’s primary business is arbitraging the pricing spreads between gold as a commodity and gold as a currency. The company purchases unrefined artisanal mine-produced precious metals, as well as bullion, bulk scrap jewelry, and government-minted gold and silver coins globally. Metals House verifies the purity and refines the precious metals, and sells “Good Delivery” bars and minted coins to clients worldwide. Metals House earns its revenues independent of gold price volatility.
Learn more at http://www.metalshouseinc.com.
About US Capital Global
US Capital Global Securities, LLC is the FINRA-licensed broker dealer division of US Capital Global that acts as placement agent for growth-stage companies, projects, and investment funds. Since 1998, the US Capital Global team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors, using the latest FinTech and RegTech innovation. US Capital Global manages direct investment funds and provides wealth management and capital raise services.
To learn more about US Capital Global Securities or this investment opportunity, email Charles Towle, CEO, at charles(at)uscgs(dot)com or call +1 415-889-1010.
Vanessa Guajardo, US Capital Global, https://uscapglobal.com, +1 (415) 889-1010, [email protected]
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