United Mines, Inc

By Author: Bill Martin
Total Articles: 7
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We are an exploration stage mineral exploration company and have been in the mining industry since January 2005, when we began doing business. An exploration stage company is one engaged in the search for mineral deposits or reserves which are not in either the development or production stage. We currently own four groups of mining claims. These groups include one primary silver exploration & development mining project, seven gold exploration stage mining projects, three copper exploration stage projects, and one placer gold exploration stage project, all in Arizona, USA. To date we have no assurance that commercially viable mineral deposits exist on any of the properties we own or where we have mineral rights. Further exploration, at a significant cost to us, will be required before a final evaluation as to the economic and legal feasibility of the properties is determined. If this evaluation determines that some of the properties do have mineral deposits we will have to spend substantial funds for their drilling and engineering studies before we will know if we have ...
... a commercially viable mineral deposit (a reserve). The phases of mining and the exploration process is discussed in detail below.
In addition, we are currently evaluating other mineral rights opportunities with a view to diversifying our activities through the acquisition of additional mineral rights and entering into other business ventures our management believes will provide value to our shareholders. We are not currently in active negotiations with any third parties regarding additional mineral rights opportunities or expanding into other business ventures.
Our objective is to explore the properties where we currently have mineral rights, and if those properties show the possibility of minerals being present, to mine the minerals for potential sale on the open market.
We intend to grow through mineral exploration of our existing mineral rights, as well as obtaining additional mines in locations we believe show a high probability of mineral reserves. We will be focusing our future exploration activities on properties located in the State of Arizona.
Corporate Information
We were originally incorporated under the name Plae, Inc., in the State of Arizona on August 20, 1999. At the time we operated under the name Plae, Inc., no business was conducted. No books or records were maintained and no meetings were held. In essence, nothing was done after incorporation until Glenn E. Martin took possession of Plae, Inc. On February 18, 2005, the corporate name was changed to King Mines, Inc. and then subsequently changed to its current name, United Mines, Inc., on March 30, 2005. No shares were issued until the company became United Mines, Inc.
In October, 2005, Glynn A. Burkhardt and Glynn G. Burkhardt, our current Senior Vice President and Emeritus Chairman of the Board, respectively, transferred the rights and interests they held in 23 mining claim to us, by quitclaim deed, in exchange for 3,600,000 shares of our common stock (See Exhibit 10.4 Quitclaim Deeds).
In March and April 2005, we obtained 3 state “exploration permits” from the state of Arizona, which are renewable on an annual basis for a maximum of 5 years. The “exploration permits” are the precursor to obtaining a lease from the state, but leases cannot be obtained until we either conduct exploration for a year on the properties or show economic feasibility. For More Information please visit. unitedmines.com