Message: AGORACOM Small Cap TV - May 17th - Highlights
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 17th, 2011, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
VMS Reports Discovery of New High Grade Copper Zone Grading 7.44% Copper Over 7.18 Metres in Hole RLE006 Located 1.8 Kilometres Northeast of the Reed Copper Deposit
HudBay Minerals Inc HBM
announce the discovery of high grade copper on its Super Zone property. Hole RLE006 intersected two zones of mineralization within a bimodal (rhyolite / basalt) volcanic sequence located 1.8 kilometres northeast of the Reed Copper Deposit.
The first zone intersected 7.18 metres of 7.44% copper (from 133.89 to 141.07 metres) and a second zone intersected 44.49 metres of 0.79% copper and 0.39% zinc (from 214.00 to 258.49 metres). The initial hole in this zone was RLE004 targeting a 1 kilometre long VTEM airborne anomaly with coincident magnetics. This hole intersected 0.34 metres grading 5.41% Cu. The follow-up borehole pulse electromagnetic survey indicated two conductive targets and was followed up with discovery hole RLE006.
About VMS Ventures Inc.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.
Last: 0.63Range: 0.85-0.195Market Cap: 77.5M
Roughrider Doubles in Size as Hathor Confirms an Additional 30 M lbs at 11.58 % U3O8 for the East Zone
Hathor Exploration Limited HAT
announce the first mineral resource estimate for the East Zone of the Roughrider Uranium Deposit located in the Athabasca Basin, Saskatchewan. The estimate identifies 30 M lbs grading 11.58 % U3O8, and doubles the overall size of the Roughrider deposit, as currently defined.
About the company
Hathor Exploration Ltd. is a junior uranium company focused on exploration projects in the Athabasca Basin of Northern Saskatchewan, Canada. Hathor's goal is to discover, advance and develop high grade, world class uranium deposits.
Hathor's main exploration properties are located within the eastern corridor of the Athabasca Basin which hosts all of Canada's producing uranium mines and accounts for approximately 23% of global production. Current mining reserves in this area exceed 25 years.
Hathor is currently advancing its Roughrider uranium project (Midwest Northeast), the only major discovery ever made in the forty year history of the Basin by a junior company.
Last: 2.30Range: 3.57-1.35Market Cap: 249million
True North Gems Announces Initial Mineral Resource Estimate for Aappaluttoq Ruby Deposit
True North Gems Inc TGX
True North Gems Inc. (the "Company") (TSX VENTURE: TGX) is pleased to announce the completion of an initial mineral resource estimate for the Aappaluttoq Ruby and Pink Sapphire Project in Southwest Greenland. The Company currently holds two prospecting licenses covering 434 square kilometers.
This initial resource estimate was completed on only the Aappaluttoq discovery, one of several ruby discoveries on the property, and was prepared by EBA Engineering Consultants Ltd., a Tetra Tech Company, of Vancouver BC ("EBA") from 6470 m of drilling data and 100 tonnes of bulk sampling undertaken on the property over the last several years and uses recently updated geologic interpretations for the host zone lithology. The estimation of mineral resources and its classification is in accordance with CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines and is prepared in accordance with NI 43-101 standards.
Highlights are as follows:
--a total indicated mineral resource of 189,150 tonnes containing 59million grams (296 million carats) of "Total Clean Corundum" (as definedbelow);
--an additional inferred mineral resource of 21 million grams (109 million carats) of Total Clean Corundum;
--Geological interpretations demonstrate that the deposit is open to depth and along strike.
True North Gems Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Greenlandic and North American coloured gemstone prospects. The Company is a pioneer in coloured gemstone exploration and, currently in Greenland, has the rights to earn 100% interest in the Aappaluttoq ruby and pink sapphire project, holds a 100% interest in the Tsa da Glisza emerald property, Yukon, and the Beluga sapphire property located on Baffin Island, Nunavut. True North's prime focus remains the commercial advancement of the Aappaluttoq Ruby Project in Greenland.
Last: 0.095Range: 0.19-0.07Market Cap: 14.8million
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Apogee Intersects 3.0 Meters Grading 659.00 g/t Silver and 1.85 g/t Gold and 5.0 Meters Grading 278.60 g/t Silver at the Pulacayo Deposit
Apogee Silver Ltd APE
Apogee Silver Ltd. ("Apogee" or the "Company") (TSX VENTURE: APE) reports assay results from eight additional diamond drill holes from the ongoing drill campaign at the Pulacayo deposit located in southwest Bolivia (See Table 1 below). All of the reported holes were drilled from surface.
The highlights from these holes include:
--DDH PUD 178 intersected 2.6 meters grading 180.02 g/t silver, 0.08 %
lead, 0.52% zinc.
--DDH PUD 181 intersected 5.0 meters grading 278.60 g/t silver, 1.26 %
lead and 0.93% zinc.
--DDH PUD 182 intersected 3.0 meters grading 659.00g/t Ag, 0.02% lead,
0.18% Zn and 1.85 g/t Au and 3.0 meters grading 142.33 g/t silver, 0.04%
lead, 1.07% Zn and 0.36 g/t Au.
--PUD 183 intersected 2.0 meters grading 294.00 g/t silver, 0.06% lead and
0.43% zinc in within a 5.0 meter interval grading 177.6 g/t silver,
0.04% lead and 0.30% zinc.
.235.05 - .46
TechPrecision Corporation Receives $1.6 Million in New Orders from Existing Customers
TechPrecision Corporation (OTC Bulletin Board: TPCS) ("TechPrecision," or "the Company"), an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems with customers in the alternative energy, cleantech, medical, nuclear, defense, aerospace and other commercial industries, today announced that it has received orders from three current customers with a combined value of approximately $1.6 million. The orders include:
$470,000 in aerospace orders for a combination of large, single-piece rocket domes and precision components for commercial aircraft jet engines. This order is expected to ship during TechPrecision's second fiscal 2012 quarter.
$1.1 million for additional medical equipment to fulfill additional customer orders while that which was recently shipped continues to undergo critical regulatory testing. This order is expected to ship during TechPrecision's second and third fiscal 2012 quarters.
About TechPrecision Corporation
TechPrecision Corporation, through its wholly owned subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components Co., Ltd., is an industry leading, global manufacturer of precision, large-scale fabricated and machined metal components and systems. These products are used in a variety of markets including: renewable energy (solar and wind), medical, nuclear, defense, industrial, and aerospace. TechPrecision's mission is to be the leading end-to-end global service provider to its markets by furnishing custom, fully integrated "turn-key" solutions for complete products that require custom fabrication, precision machining, assembly, integration, inspection, non-destructive evaluation and testing.
Last Trade: 1.88 52 WeeK 2.10 – 0.70 Market Cap: 27.79 Million
Anhui Taiyang Poultry Co., Inc. (OTCBB: DUKS) ("Anhui Poultry" or the "Company"), a vertically integrated duck breeder, processor and distributor, today announced financial results for the first quarter ended March 31, 2011.
Financial Highlights for the First Quarter Ending March 31, 2011
Revenue totals $5.5 million, driven by 265% increase in higher margin Breeding Unit;
Gross profit rose 54% to $2.3 million; gross margin improves to 42.3% versus 19.7% a year ago;
Operating profit increased 56% to $1.3 million; and
Net income increased 214% to $1.5 million, with basic and diluted earnings per share of $0.15.
About Anhui Taiyang Poultry Company:
Anhui Poultry, founded in 1996, raises, processes and markets ducks and ducks related food products through three business lines. Anhui Poultry specializes in the breeding, hatching and cultivation of ducklings for resale and processing by its food processing unit, production of duck feed for internal use and external sales, and processing of commercial ducks into frozen raw food product for commercial resale.
Last Trade: 5.00 52 Week: 5.00 – 1.50 Market Cap: 52.2 Million
ONE Bio Announces First Quarter 2011 Financial Results
ONE Bio, Corp. ("ONE" or the "Company") (OTCBB: ONBI), an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, today announced unaudited financial results for the first quarter ended March 31, 2011. A summary of financial results includes the following:
Revenue for the three months ended March 31, 2011 reached $12.1 million, an increase of 8.2% compared to $11.2 million for the three months ended March 31, 2010. The increase in revenue is primarily the result of growth experienced in the Company's Chemical and Herbal Extract ("CHE") and Organic Products ("OP") business units.
Net income for the three months ended March 31, 2011 reached $2.4 million, an increase of 46.6% compared to $1.6 million for the three months ended March 31, 2010. The increase in net income is primarily attributable to increased sales and a higher gross margin achieved by the Company in the first quarter of 2011 versus the same period in 2010.
Gross profit for the three months ended March 31, 2011 was $5.8 million, as compared to $4.1 million for the three months ended March 31, 2010. Gross margin was 47.8% compared to 36.8% for the first quarter of 2010. The increase in gross margin for the first quarter of 2011 was primarily due to the launch of several new higher-margin products during 2010 and a higher margin generated by the Company's finance business unit.
Earnings per share for the three months ended March 31, 2011 reached $0.36 ($0.34 on a fully diluted basis), compared to $0.28 ($0.24 on a fully diluted basis) for the three months ended March 31, 2010.
As of March 31, 2011, cash and cash equivalents totaled $8.7 million, working capital totaled $15.5 million, and shareholders' equity was $43.3 million.
ONE Bio, Corp. ("ONE") (OTCBB: ONBI) (www.onehcorp.com), headquartered in Miami, FL, is an innovative company utilizing patented green process manufacturing to produce raw chemicals and herbal extracts, natural supplements and organic products. ONE is focused on the Asia-Pacific region and the United States. Key products include widely recognized Solanesol, CoQ10, Resveratrol and 5-HTP, organic fertilizers, and organic bamboo health food and beverages. ONE has experienced solid organic growth driven by a robust demand for its products in China, Japan and the United States.
Last Trade: 4.45 52 Week: 30.75 – 3.75 Market Cap: 29.93 Million
China TMK Battery Systems Inc. Reports First Quarter 2011 Financial Results
China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or "the Company") (formerly, Deerfield Resources, Ltd.), a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today announced the Company's financial results for the first quarter ended March 31, 2011.
First Quarter 2011 Results (USD) (unaudited) ----------------------------------------------------------------------- December 31 2011 2010 CHANGE ------------------------------ ------------- -------------- ----------- Sales $20.3 million $13.3 million +53% ------------------------------ ------------- -------------- ----------- Gross Profit $4.9 million $3.2 million +54% ------------------------------ ------------- -------------- ----------- Net Income $3.4 million ($1.5) million N/A ------------------------------ ------------- -------------- ----------- Adjusted Net Income(1) $3.0 million $1.8 million +63% ------------------------------ ------------- -------------- ----------- EPS $0.09 ($0.05) N/A ------------------------------ ------------- -------------- ----------- Adjusted EPS(1) $0.08 $0.06 33% ------------------------------ ------------- -------------- -----------
Cash and cash equivalents as of March 31, 2011 totaled $0.7 million compared to $0.4 million at December 31, 2010. Accounts receivable increased in direct relation to increased sales volumes and totaled $13.9 million at March 31, 2011 versus $12.4 million at year-end 2010.
Based in Shenzhen, PRC and founded in 1999, TMK manufactures and distributes high rate discharge Nickel Metal Hydride ("Ni-MH") multi-cell batteries in its manufacturing facility located in Shenzhen, China. TMK maintains a diverse roster of large, consumer-focused clients with major production facilities in China. The Company works with its clients throughout the product design cycle to develop and integrate reliable and long-lasting rechargeable power solutions for widely used consumer products, which include home appliances, cordless power tools, medical devices, multiple personal communication devices and electric bicycles segments.
Last Trade: 0.55 52 Week: 1.80 – 0.30 Market Cap: 20.29 Million
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