Discovery Minerals Ltd (CE) DSCR Fundamentals and Key Ratios

Discovery Minerals Ltd (CE) (DSCR) Fundamentals

Description
Discovery Minerals Ltd.,is an acquisition and development company that targets natural resource properties through its subsidiaries. The Board of Directors has determined that these activities be clearly defined and separated within the company. All previous operations and activities such as precious metals mining & processing and clean alternative energy technology will be preserved and held in new corporate structures subsidiaries. Shareholders will be kept advised of these arrangements in the normal way. The Company has allowed their Option Agreement with Meritus Minerals to expire in Mongolia. Discovery had engaged a local attorney in Ulaan Bataar following a site & Country visit and has completed their Due Diligence investigation. Discovery Minerals Project Manager has recommended that the Project be dropped. Discovery had an option agreement on the Ruby Gold Mine until April 30th but were unable to complete Funding. Negotiations are continuing with the owners & Funders. Further, the company has signed an LOI on two gold ore bodies with the owners in Zambia, Africa. This agreement is subject to conducting a due diligence review of the properties. An additional Zambian copper / cobalt project with certified ore reserves is also under consideration. These projects are in limited production and have a contract to sell the metals produced. Discussions are continuing and revolve around the required Project funding.

Description

Discovery Minerals Ltd.,is an acquisition and development company that targets natural resource properties through its subsidiaries. The Board of Directors has determined that these activities be clearly defined and separated within the company. All previous operations and activities such as precious metals mining & processing and clean alternative energy technology will be preserved and held in new corporate structures subsidiaries. Shareholders will be kept advised of these arrangements in the normal way. The Company has allowed their Option Agreement with Meritus Minerals to expire in Mongolia. Discovery had engaged a local attorney in Ulaan Bataar following a site & Country visit and has completed their Due Diligence investigation. Discovery Minerals Project Manager has recommended that the Project be dropped. Discovery had an option agreement on the Ruby Gold Mine until April 30th but were unable to complete Funding. Negotiations are continuing with the owners & Funders. Further, the company has signed an LOI on two gold ore bodies with the owners in Zambia, Africa. This agreement is subject to conducting a due diligence review of the properties. An additional Zambian copper / cobalt project with certified ore reserves is also under consideration. These projects are in limited production and have a contract to sell the metals produced. Discussions are continuing and revolve around the required Project funding.

Share Info
Status	Active
Market Cap	$ 7,438
Shares Authorized	10,000,000,000
Shares Outstanding	7,437,913,081
Shares Outstanding Date	03/17/2023
Shareholder Count	33
Shareholder Count Date	04/01/2014
Float	1,839,346,330
Float Date	11/01/2021
Short Interest	10,000
Short Interest Date	11/15/2022

Reporting Info
Reporting Status	Alternative Reporting Standard
Bankrupt	No
Shell	No
Audit Status	-
Auditor	-
Auditor Address	-
Auditor Website	-
IR Firm	-
IR Firm Address	-
IR Firm Website	-
Legal Counsel	Lockett + Horwitz, PLC*
Legal Counsel Address	2 South Pointe Dr. Ste. 275 Lake Forest, California 92630 USA
Legal Counsel Website	http://lhlawpc.com
Fiscal Year End	9/30
ADR Ratio	-
Transfer Agent	Pacific Stock Transfer Co.
Transfer Agent Address	6725 Via Austi Parkway Suite 300 Las Vegas, NV 89119 USA
Depository Website	http://www.pacificstocktransfer.com
SHO Flag	-
3210 Flag	-

Company Info
Ticker Symbol	USOTC:DSCR
OTC Market Tier	Expert Market
Security Type	Common Stock
CIK Number	0001343845
Address	429 W. Plumb Lane Reno, Nevada 89509
Country	USA
Phone	+1 310-607-8252
Fax #	-
Website	http://www.discoveryminerals.com
SIC Code / Description	1000 / Metal Mining
Key Executives	CEO - Russell Smith Dir. - Girvan Jackson Dir. - William McInerney
Number of Employees	1
Incorporation State	Nevada
Incorporation Country	USA
Incorporation Year	2005

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DSCR

Discovery Minerals Ltd (CE) (DSCR) Fundamentals