Southern Empire Resources Corp.
SMPEF
Other OTC0.07
USD
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Southern Empire Resources Corp.
SMPEF
(Other OTC)
Recent
price
0.07
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Southern Empire Resources Corp. (TSX-V: SMP; OTC: SMPEF) engages in the acquisition, exploration, and development of precious and base metals deposits in the American Southwest and northern Mexico, with a focus on oxide gold and copper properties amenable to low-cost extraction methods such as heap leaching. The company owns 100% of the historical gold-producing American Girl mine property and options to acquire 100% of the adjacent 2,160-hectare Oro Cruz Property in Imperial County, California, which hosts a historical inferred resource of 341,800 ounces of gold; it holds an option on the 1,750-hectare Pedro Gold Project in Durango, Mexico, where drilling has intersected gold mineralization; and maintains interests in the Centauro and La Loma gold projects in the Mapimi Gold Corridor across Chihuahua and Durango, Mexico, targeting Carlin-style and low-sulfidation epithermal deposits. In addition, Southern Empire pursues the Suaqui Verde Copper Oxide Project in Sonora, Mexico, comprising oxide and enriched sulfide copper mineralization outlined by over 100 historical drill holes within the Sonora-Arizona porphyry copper province, with potential for open-pit heap leaching or in-situ recovery via solvent extraction-electrowinning. Founded in 2017 and headquartered in Vancouver, British Columbia, the company operates primarily in the United States and Mexico. Recent developments include an agreement to acquire the Suaqui Verde project from Cuprum Mining Corporation, advancing U.S. Federal and California permits for 65 drill holes at Oro Cruz to update resources and test waste materials, and closing a fully subscribed non-brokered private placement of 2 million units at $0.05 each in June 2025 for $100,000 to fund Mexican property administration and working capital.