Subscribe By RSS or Email

June 30, 2011

Catalyst Resource Group (OTCQB: CATA) Completes Platinum Group Metals and Gold Recovery Facility

By Justin Kuepper · Thursday, June 30th, 2011

Catalyst Resource Group (OTCQB: CATA), a company engaged in natural resources and innovative processing technologies for mining, providing breakthrough processing technologies for companies like Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Augusta Resource Corp. (Amex: AZC), recently completed its laboratory and recovery facility in Downey, California. This facility is expected to recover $12 million worth of precious metals the first year.

Catalyst Resource Group (OTCQB: CATA), a precious metals recovery and technologies company, recently announced the completion of its laboratory and recovery facility in Downey, California. The facility is equipped with state-of-the-art commercial equipment along with proprietary processing and separation apparatus and an advanced ICP spectrometer capable of analyzing and assaying samples for gold and platinum group metals.

The facility will enable Catalyst to begin recovering significant values from its Beluga mining properties in Alaska. With the use of the Catalyst Pretreatment System and separation process, the Beluga mining project is expected to recover high concentrations of PGMs (platinum group metals) including PLATINUM, RHODIUM, PALLADIUM and GOLD. The Southern California facility is expected to recover $12,000,000 worth of precious metals the first year. The company is also in the final stage of negotiations to purchase a 10-acre facility in Oreana, Nevada, which can increase recovery output by a factor of 20.

Doug Berkey, CEO of Catalyst Resource Group, stated, “This is an incredibly exciting time for us. The significance of our first facility is unmeasurable. With this first plant, we will be able to prove out our process to the public and industries and further position ourselves for high value joint ventures.”

Doug Berkey added, “We consider ourselves the ‘un-mining company.’ Because we use our proprietary technologies to recover values from already mined materials, we eliminate all of the risks and most of the costs associated with traditional mining companies. Along with our patented and proprietary recovery process, we intend to become a major producer of precious metals.”

About Catalyst Resource Group Catalyst Resource Group is focused on utilizing innovative processing technologies for mining and natural resources to extract and process gold and platinum group metals such as rhodium, palladium, and platinum. Website: www.cataresource.com

Safe Harbor: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

Comments are closed.