Corporate Info

Atlas Precious Metals Inc. is a private Ontario Corporation, originally incorporated in Nevada as a wholly owned subsidiary of Atlas Corporation (OTCBB: ATLR). Atlas Precious Metals Inc. was incorporated on May 4, 1983, to own and operate the Gold Bar Mine at Eureka, Nevada. Atlas Gold Mining Inc. was formed as a wholly owned subsidiary of Atlas Precious Metals Inc. to hold the Gold Bar assets and successfully operated the mine for 8 years before it was depleted and shut down in 1994, generating over $100 million in gold sales per year during the period. The two companies were amalgamated in 2003, with Atlas Precious Metals Inc. being the successor entity, which passed ownership of the Gold Bar Plant directly to Atlas Precious Metals Inc. At approximately the same time, Atlas Precious Metals Inc. acquired 100% of the issued and outstanding shares of Western Gold Resources Inc. by issuing a total of 17,399,640 APMI shares to the WGR shareholders.

The focus of the company is on developing mining and processing facilities in Bolivia. The primary asset of the company is its Joint Venture Agreement with Corporacion Minera de Bolivia (COMIBOL) for the formation of the Karachipampa Riesgo Compartido. Under this joint venture agreement, Atlas Precious Metals Inc. participates to a 65% interest and COMIBOL with 35%. COMIBOL assigns its 51,100 tons per annum Karachipampa lead/silver smelter to the Joint Venture, a smelter completed in 1988 at a total capital cost of $180 million and never operated. Atlas Precious Metals Inc. is the manager of the Joint Venture. In order to earn its 65% interest, Atlas Precious Metals Inc. has agreed to install a minimum capacity zinc smelter and refinery of 80,000 tons of concentrate per annum. Step one under the agreement was for Atlas Precious Metals Inc. to deliver a feasibility study for the installation of a minimum smelting capacity of 80,000 tons per year of zinc concentrate. The company  delivered a feasibility study to COMIBOL for a 150,000 tons per year plant and for an 80,000 tons per year plant.  Atlas Precious Metals Inc. will retain ownership of the zinc smelter with COMIBOL retaining ownership of the lead/silver smelter, with both operating under the terms of the Joint Venture for an initial period of 20 years, renewable for a second 20 year period.

Mission

Atlas Precious Metals Inc. is committed to become one of the largest silver producers in the world by developing mines and production facilities in Latin American countries for the mutual benefit of the local people and the company. The creation of jobs and stimulation of the local economy improves the lives of many people, allowing the company to fulfill its corporate social responsibilities whilst providing a superior return to shareholders.