Location: 8100 Southpark Way Littleton, CO 80120 United States 1-303-734-1727 Earth Sciences, Inc. (OTC:ESCI)
Sector: Basic Materials Industry: Chemical Manufacturing Earth Sciences, Inc. (ESI) is a diversified mineral exploration and development company. ESI has identified its principal business segments as natural resource exploration and production of purified phosphate products. During the year ended December 31, 2003, ESI, through the Earth Sciences Extraction Company, studied and pursued the use with others of an idle facility in Calgary, Alberta, for a variety of potential activities and maintained its position in several mineral resources and prospects in the Western United States. The Calgary facility produced phosphoric chemicals utilized in industry and agriculture. The mineral interests maintained by ESI include resource interests in alumina, gold, vanadium, potash and sulfur and prospects for copper/molybdenum and silver.
Industry: Chemical Manufacturing Senior Contact: Mark McKinnies, President, Treasurer and Director; Chief Financial Officer of ADA-ES
Business Description: Earth Sciences, Inc. (ESCI) is a diversified mineral exploration and development company. ESCI has identified its principal business segments as natural resource exploration and production of purified phosphate products.
Gas, oil, oil shale, phosphate, potassium, and sodium prices are going through the roof. I think they are going to open back up. Look at the volume.
Fertilizer Makers Almost Celebrating
North American fertilizer producers seem to be happy these days. Fertilizer prices are rising, profits are improving, and expanding economies in China and India are creating robust demand for many products.
Registrant's interests in the properties consist of fee ownership, State of Idaho mineral leases, Federal leases and leases with private parties. The properties are located near Paris and Bloomington, Idaho and cover approximately 2,100 acres. To date, drill testing on the southern portion of the deposit show tonnage of approximately 53 million tons of mineralized material. The grade of the upper bed material of the block is calculated to be 25% P2O5 over a thickness of 9 feet and the grade of the lower (main) bed material is calculated to be 30% P2O5 over a 6 foot thickness.
Metallurgical test work on the vanadium bed has resulted in a patent being issued to Registrant regarding the extraction techniques that were developed as a result of such work. Registrant is investigating plans for development of the property, however there can be no assurance that marketing and financing arrangements can be obtained.
(b) Emigrant Property.
In 1987 Registrant acquired fee ownership of two patented lode-mining claims in the Emigrant Peak area, Park County, Montana containing approximately 38 acres. Registrant also owns two other patented placer claims containing 37 acres in the same area. This block of contiguous mining claims contains copper, molybdenum, gold, silver, lead and zinc mineralization, which has not yet been fully delineated.
(c) Alunite Resources.
Alunite is a source of alumina (the raw material of aluminum), potassium sulfate fertilizer, sulfuric acid and sulfur. Acquisition of Federal alunite mineral rights is accomplished through Federal Potassium Preference Right Leases issued under Section 4 of the Leasing Act of February 7, 1927.
(1) "LC" Alunite Property.
The property is located in southwestern Colorado, about 7 miles south of Lake City, Colorado and consists of approximately 1,667 acres. The LC property was sampled with three vertical core holes ranging from 306 feet to 688 feet in depth. The average thickness of the mineralization, defined as 21.6% alunite or greater, was approximately 400 feet. The average interval between the holes was 2,000 feet. Results of exploration work to date show a total of 61.1 million tons of mineralized material. The grade of the material is calculated to average approximately 39.6% alunite (approximately 14.7% alumina).
In 1978, Registrant applied for a Preference Right Lease for potassium on the property (a "PRLA"), in 1979 submitted the "initial showing" required in the lease application and in 1982 submitted the operating plan for an environmental impact assessment. A Bureau of Land Management advisory panel recommended approval of the project. However, in 1985 a Congressional resolution suspended all Preference Right Lease activity in Wilderness Study Areas. Until further Congressional action is taken, progress on the project will be restricted. In 1991, Registrant received notice from the Department of Interior that the Bureau of Land Management considers the PRLA as a valid existing right with respect to any future wilderness designation. Registrant relinquished its 48 unpatented mining claims covering the alunite property in 1993.
(2)"NG" Property and Other Utah Alunite Interests.
The properties are located within the southern end of the Wah Wah Mountain range in southwestern Utah, approximately 38 miles from Milford, Utah. Registrant owns Federal leases on 700 acres, which are now administered by the State of Utah, School and Institutional Trust Lands Administration. The Federal Potash leases have been readjusted by the State Trust Lands Administration to allow for a second term of 20 years commencing February 1, 2003 and ESI has paid the annual rental and advanced minimum royalty due for 2003. All other required lease payments were made in 2002. Mineralization on the 700 leased acres was sampled with 239 drill holes totaling 52,200 feet of drilling. The holes varied in depth from 10 feet to 900 feet on an approximate grid spaced at 300 feet by 500 feet. The average thickness of mineralization, defined as 27% alunite or greater, was approximately 200 feet. Results of exploration and drilling programs on the properties to date show 129 million tons of mineralized material with a grade calculated to be 37.9% alunite (approximately 14.03% alumina) with an additional 287 million tons of mineralized material with average grades calculated to range from 33.5% to 39.4% alunite (approximately 12.4% to 14.6% alumina).
Other Properties
(d) Calgary Facility.
Registrant owns a hydrometallurgical facility that produced purified phosphate products. The facility occupies a 20,000 square foot building and is located in southeast Calgary, Alberta on a 12-acre site leased from the adjacent landowner. Efforts to re-start the facility for purified phosphate products have been frustrated by a general economic slowdown. Management is seeking sublease arrangements for other activities at the plant and is in the process of selling equipment that does not have general use.
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ADA-ES INC (NasdaqSC) is the spin off of Earth Sciences Inc. They have the same ownership, and are getting government contracts to clean up mercury emisions. http://finance.yahoo.com/q/bc?s=ADES&t=2y
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Earth Sciences Calgary uranium recovery plant (Alberta) CNSC renews license for Earth Sciences' idle Calgary uranium recovery plant with conditions The Canadian Nuclear Safety Commission (CNSC), after holding a one-day public hearing on November 30, 2005, approved an application by Earth Sciences Extraction Company (ESEC) for the renewal of the licence for its uranium recovery facility located in Calgary, Alberta. The license is, however, limited to 8 months and for maintaining the facility in a secure shutdown state only. > Download CNSC Notice of Public Hearing, Oct. 6, 2005 (PDF)
"ESEC's facility in Calgary, Alberta, recovered uranium from phosphoric acid during the period from 1983 through 1987. Uranium oxide production was suspended in the fall of 1987 when the adjacent fertilizer plant from which the facility received its feedstock suspended operations. The contract under which the uranium was sold was modified in 1990 to allow unrestricted alternative use of the facility. Revamp of the facility to allow production of purified phosphate products was completed in 1997. The Calgary facility routinely produced technical grade phosphoric acid through August 1999 when operations were suspended for lack of sufficient working capital." (from Earth Sciences, Inc.'s Annual Report for the fiscal year ended December 31, 2003) > Download Hearing Transcript, Nov. 30, 2005 (PDF) > Download Record of Proceedings, Including Reasons for Decision, Jan. 12, 2006 (PDF)
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Total Shares Outstanding 5.6 Mil for ADES, they are making money and are keeping ESCI fully reporting and have renewed permits from the Canadian government at their Calgary plant. ESCI has ony 33 mill outstanding shares . When it moves 40 - 60 % a day on low volume, any change in operations will create huge movement. Iv'e been daytrading this for over a year. Something is hapening, low volume today but over the last two weeks someones been buying 100,000 share blocks, and going after them at .01- .02 average trades are .0025 -.007.
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ESCI or ADES put out a press release about the time of ADES distribution, telling how the cost was to be allocated. I failed to print it out, but I am sure you could contact either company headquarters and get it. In my own case, to simplify matters, I have sold an equal amount of ESCI at a loss for each piece of ADES I have sold, so as to be able to calculate the "cost basis" totally on the basis of the ESCI shares with zero initial value for ADES. Subsequent shares I have bought in ADES have their own cost basis, perhaps even ESCI may have some value again. I am watching it closely to see if they have any reasonable prospects so that I whould buy back in. At this pint, I am hoping to see some people selling ADES after the first of year, having postponed capital gains. I would like to buy back some I sold too soon--though the highest I sold was $18.95, and we may not see that again. ADES seems to have excellent prospects for the future
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« ESCI Message list | Reply to msg. | Post new msg. « Older | Newer » By: bayview6 15 Apr 2006, 08:52 AM EDT Msg. 11238 of 11241 Jump to msg. # The stock price is going up for good reason. By the time the market knows about it, the share price will be much higher than it is now. There are people who are interested in using the Calgary plant, but nobody knows for what purpose.
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When they reopen this company it will gap into the dollar range. Someone just bought 600,000 shares. They just renewed there permits at there calgary plant. 33 million outstanding shares It never moves less than tenths of a penny and if theres volume it moves half a penny at least.
Earth Sciences Calgary uranium recovery plant (Alberta) CNSC renews license for Earth Sciences' idle Calgary uranium recovery plant with conditions The Canadian Nuclear Safety Commission (CNSC), after holding a one-day public hearing on November 30, 2005, approved an application by Earth Sciences Extraction Company (ESEC) for the renewal of the licence for its uranium recovery facility located in Calgary, Alberta. The license is, however, limited to 8 months and for maintaining the facility in a secure shutdown state only.
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bayview6 22 Apr 2006, 07:13 AM EDT Msg. 11242 of 11243 (This msg. is a reply to 11241 by dtgsanjose.) Jump to msg. # Sorry it too so long to get back to you. There is an experienced investor/venture capital group in Calgary that is interested in using the Calgary plant. They are not saying what they plan for it. Perhaps they are not sure either. However, I get the impression that they think that thye can turn the white elephant into a 18 year old Jewish American princess.
Also a small chance that the recent price move is due to some interest in the company Venezuela gold properties, but I haven't heard anything about that.
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