TONOPAH, Nev., Dec. 13, 2013 /PRNewswire/ -- Standard Metals Processing, Inc. (OTC:SMPR) today announced that it has created a subsidiary company through which it will pursue the development of renewable energy business opportunities, including a solar power business. Standard Renewable Energy, Inc., the new subsidiary company, will obtain a sublease for our land.
According to Sharon Ullman, Chairwoman and Chief Executive Officer of Standard Metals Processing, Inc., "there are many factors that have led us to conclude that the opportunity to develop a renewable energy business including a solar power business can be developed on the acreage we own that is otherwise unnecessary for our primary milling services activities. Through the creation of Standard Renewable Energy, Inc. we now have a structure that can house the development of any such initiatives including possibly facilitating the financing of renewable energy projects that potentially can benefit all of our shareholders."
About Standard Metals Processing, Inc.
Standard Metals Processing, Inc. (f.k.a Standard Gold Holdings, Inc.) is a developing, Nevada-based, custom toll milling and processing company that facilitates the extraction of precious, strategic, industrial and rare earth minerals from mined material. Custom milling and refining can include many different processes to extract precious metals from carbon or concentrates. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production. The Company is currently in the processes of acquiring the required permits to conduct custom permitted processing toll milling activities and the construction of additional buildings so it may commence operations.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over The Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company undertakes no obligation to publicly release any revisions to such forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Standard Metals Processing, Inc.