Signed Letter of Intent with an arm’s length Taiwanese venture capital group
Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry
Description: The Quellaveco open pit copper project contains reserves of 938Mt of copper and molybdenum ore. It is currently at the feasibility stage. The project, scheduled to be at full capacity in 2015, will require 4,500 workers during the construction phase and will then generate 1,700 jobs during the ensuing operational phase.