Metaline Contact Mines is one of the oldest royalty-based mineral resources companies in the country.
Organized in 1928, under the laws of the State of Washington, to acquire, lease, explore, and develop mineral resource properties, Metaline Contact Mines has been in continual existence for over 76 years.
From 1928 - 1946, the Company acquired zinc-lead mining claims and other mineral rights in the Metaline District in northeastern Washington State. In a designed reorganization in 1960, Metaline Contact Mines acquired the entire mineral holdings in the Metaline District owned by the Bunker Hill Company and Day Mines Inc. This acquisition expanded the Company's mineral rights in the district to a vast 8,200 acres.
Throughout its long history, Metaline Contact Mines has "farmed out" its mineral holdings to quality operating companies, in exchange for royalty interests. Past industry partners have included such historic mining companies as The Bunker Hill Company, Day Mines Inc. (now a part of Hecla Mining Company), Metaline Mining & Leasing Company, and Newmont Mining Corporation.
The Company's current mineral holdings are under long-term lease, or similar royalty-based agreements, to Teck Cominco American Incorporated and New Jersey Mining Company.
With its portfolio of precious metals (gold) and base metals (zinc & lead) properties, all of which are located in historically productive regions, and its sliding-scale royalty structures, Metaline Contact Mines provides its shareholders, and potential shareholders, with valuable leverage to improving mineral prices, while providing fixed floors to reduce downside risk, in projects of unusual merit.
Metaline Contact Mines' shares are traded on NASDAQ's Over-the-Counter Bulletin Board, under the trading symbol "MTLI." Its officers and directors own approximately 57 % of the outstanding stock.
Develop revenue-generating royalty interests in mineral projects of unusual merit. The fundamental elements of this strategy include:
- Acquire and hold royalty interests in mineral projects, with upside potential, that will be or are being exploited by quality operators;
- Knowledgeable management with proven deal-making skills;
- Provide shareholders with a diversified portfolio of precious and base metals revenue-generating mineral assets.
- Experienced management, motivated by significant equity ownership in the Company;
- Provide shareholders with a fair dividend policy.