LSTS

Highlights

Overview

Profile

News

Operations

Chart

Copper Sulfate

Management

Contacts

 

   
 
   
"Lustros will apply revolutionary patent-pending technology to process 2.4 million tons of copper-rich tailings with the intention of producing 24,000 tons of copper sulfate."

 

 

 
Approximate Financial Snapshot as of 2/20/13
Shares Outstanding 70.8M  
52 Wk Hi/Lo 2.48/

0.20

Market Cap $48.1M
Recent Price $0.68
 

 

 
 
   

 

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Lustros (LSTS)

Website: www.Lustros.com

"A Mine Is a Terrible Thing to Waste."

Stock Chart - The stock chart for LSTS shows the EMA as Bullish short and intermediate-term and Very Bullish long-term. MACD is Very Bullish, short, intermediate and long-term.


LSTS Investor Highlights

  • Management -  William Farley, the CEO of LSTS served as Chairman and Chief Executive Officer of Fruit of the Loom, Inc. from the time he acquired the company in 1986 through December 1999. During that time, he built FTL from a primarily domestic $500 million underwear company into a leading international manufacturer and marketer of basic family apparel with sales approximating $2.3 billion for the 1999 fiscal year. Fruit of the Loom was sold to Berkshire Hathaway Co. in 2002 for approximately $1 Billion. 
  • Growth Industry - Copper sulfate (CuSO4) is a value-added product derived from copper ore. Demand is increasing rapidly for its use in farming and agriculture. More than 50% of current global production is made from copper scrap that contains toxins (such as Dioxin), which are no longer recognized as food-grade by Canada, Australia and Brazil, with other important consumer countries expected to soon follow. 
  • Lustros produces copper sulfate directly from mineral-rich ore, making it an ideal food-grade copper sulfate for use in agricultural purposes. The completed copper sulfate processing plant is engineered to process 180,000 tons of raw material and yield over 8,000 tons of food-grade copper sulfate per year.
  • The food-grade copper sulfate market is a $1.2 billion industry and growing at approximately 15% per year. Demand for copper sulfate has been rapidly increasing for its use as a natural growth stimulant for fattening pigs and broiler chickens, fertilizers, as well as in the prevention of E. coli, listeria and fungal diseases.
  • Demand - There exists strong demand for copper sulfate from companies in Brazil, Canada, Colombia, New Zealand, Peru and Chile to purchase the Company’s food-grade copper sulfate in quantities exceeding its potential production capacity.
  • Expansion - Announced that the Company had secured the final funding needed to complete the copper sulfate processing plant in Puerto Oscuro, Chile. This final funding will complete the crushing plant, leaching pads and the remaining work needed on the Sx/Cr plant. The work is expected to take approximately 50 days to complete with revenues from the sale of copper sulfate produced at the plant expected in the next 90 days.
  • The fragmented copper sulfate market offers an interesting opportunity for market consolidation through synergistic acquisitions.
  • Claims -LSTS' Chilean subsidiary, Mineraltus Pudahuel Ltd., has made the first required payment under the agreement with Sociedad Minera Pudahuel “SMP” for the right to use all assets and facilities at the closed mine of La Africana.
  • Technology - Lustros will apply revolutionary patent-pending technology to process 2.4 million tons of copper-rich tailings with the intention of producing 24,000 tons of copper sulfate. 
  • Environmentally Friendly - The Company will restore 80.4 hectares of valuable land in the Santiago Metropolitan area. The removal of these 2.4 million tons of sulfuric-acid impregnated tailings will substantially increase the value of the affected land while improving the environmental conditions of the surrounding community.
  • The project, known in the industry as the “Congo Project”, has received all necessary approvals and permits from the Chilean authorities and is considered a model of responsible mining. 
  • Shareholder Value -There are over 800 closed mines in Chile, 50% of which are abandoned, and all of them have left behind millions of tons of tailings. “Our tag line, A mine is a terrible thing to waste, is emblematic of our business strategy. We intend to extract valuable minerals from these abandoned tailings and improve the conditions of the land while adding substantial value to our shareholders,” said Gonzalo Troncoso, CEO of Lustros Inc.
  • Right Place, Right Time - The copper-rich geography of Chile offers several advantages including a higher copper content in the range of 1.5-3.0% compared to 0.5-0.8% for copper mines globally. Copper is also more easily extracted from the ore in Chile, generally requiring less sulfuric acid. As a result of these advantages, Chilean copper sulfate exports have grown a compound annual growth rate of 82% over the last ten years.
  • Variety Of Uses - In agriculture, copper sulfate is used in Bordeaux and Burgundy mixtures on the farm for the control of fungus diseases, correction of copper deficiency in soils, correction of copper deficiency in animals, stimulation of growth for fattening pigs and broiler chickens, a molluscicide for the destruction of slugs and snails.
  • Copper Sulfate is also used in preserving hides, tanning leather, manufacturing copper salts, preserving pulp wood and ground pulp. It is used in electroplating solutions, laundry and metal marking inks, petroleum refining, pyrotechnics, water-resistant adhesives for wood, metal colouring, tinting baths, synthetic rubber, insecticides, herbicides, anti-fouling paints, corrosion inhibitors, electrolysis and electroplating processes, fabric and textiles, flame proofing, fuel additives, glass, ceramics, cement, food and drugs, metallurgy, nylon, paper products, and pigment and dyes. 
  • It is used as a battery electrolyte, flotation agent, pigment in paints, varnishes and has many other uses.

Overview

Copper sulfate (CuSO4) is a value-added product derived from copper ore. Demand is increasing rapidly for its use in farming and agriculture. More than 50% of current global production is made from copper scrap that contains toxins (such as Dioxin), which are no longer recognized as food-grade by Canada, Australia and Brazil, with other important consumer countries expected to soon follow. Lustros produces copper sulfate directly from mineral-rich ore, making it an ideal food-grade copper sulfate for use in agricultural purposes. The completed copper sulfate processing plant is engineered to process 180,000 tons of raw material and yield over 8,000 tons of food-grade copper sulfate per year.

Lustros specializes in the production of Copper Sulfate from traditional mining and the treatment of copper tailings. Copper tailings are waste materials leftover from prior mining operations and represent a significant environmental liability. Mineraltus has patent-pending technology that allows them to extract the mineral content from these waste materials, and to restore this barren, inhospitable land so that it can be used for future development, parks, etc.


Profile

Lustros (LSTS) through its Chilean subsidiaries, is in the business of copper mining and the manufacturing of food-grade copper sulfate. 

Lustros has a majority equity position in Sulfatos Chile S.A., which owns the Anica Copper Mines as well as a copper sulfate production project and employs a highly experienced staff of mining professionals. 

Lustros, Inc.’s subsidiary Mineraltus SA is a Chilean corporation that extracts copper from the tailings (waste products) of expired copper mines to secure the raw materials to manufacture high quality, feed-grade copper sulfate.


Recent News and Press Releases

A New Audio Interview With Zirk Engelbrecht, Founder and Vice Chairman of Lustros Inc., is Now at SmallCapVoice.com

Lustros Announces Additions to Executive Management Team and Board of Directors

Lustros Announces Funding for Plant Completion

Lustros Announces Payment for First Tailing Site

For the latest Quote and News on LSTS Click Here.


Operations

Sulfatos Chile SA

In January 2012 Lustros purchased a majority stake of Sulfatos Chile SA., a Chilean private company that is currently involved in the manufacturing of Copper Sulfate and copper mining.

In 2011, Sulfatos Chile bought an 800-hectare property located in the Sierra del Cocou, Comuna de Illapel in the IV Region of Chile. The company has dedicated 225 hectares to the construction of an industrial plant to process feed-grade Copper Sulfate, the remaining area is assigned for future growth and the development of additional plants. The copper will be sourced from the company's Anica Mine, a 600-hectare mineral property located 15 miles from the plant.

Mineraltus SA

Mineraltus SA, a subsidiary of Lustros is in the process of implementing a new division specialized in the extraction of copper and other valuable minerals from tailings dumps. Chile has over 800 closed mines and tailing dumps that represent a substantial environmental risk for the country and an insurmountable challenge for the Chilean authorities. Mineraltus intends to clean up these sites and restore the land currently covered by the tailing dumps.


Three Month Chart


Uses Of Copper Sulfate

In agriculture, copper (II) sulfate is used in Bordeaux and Burgundy mixtures on the farm for the control of fungus diseases, correction of copper deficiency in soils, correction of copper deficiency in animals, stimulation of growth for fattening pigs and broiler chickens, a molluscicide for the destruction of slugs and snails (particularly the snail host of the liver fluke).

Copper Sulfate is also used in preserving hides, tanning leather, manufacturing copper salts, preserving pulp wood and ground pulp, preventing and controlling Dutch elm disease, and controlling algae growth in impounded waters. It is used in electroplating solutions, laundry and metal marking inks, petroleum refining, pyrotechnics, water-resistant adhesives for wood, metal colouring, tinting baths, synthetic rubber, insecticides, herbicides, anti-fouling paints, corrosion inhibitors, electrolysis and electroplating processes, fabric and textiles, flame proofing, fuel additives, glass, ceramics, cement, food and drugs, metallurgy, nylon, paper products, and pigment and dyes.
It is used as a battery electrolyte, flotation agent, pigment in paints, varnishes and other materials, mordant bath for intensifying photographic negatives, reagent toner in photography and photoengraving, fungicide for control of downy mildew, blights, leaf spots, apple scab, bitter rot, and peach leaf curl, and pollution control catalyst.


Management

William Farley - Chief Executive Officer

Mr. Farley is the Chief Executive Officer and Chairman of Lustros Inc. as well as the sole shareholder of Liam Ventures, Inc., a private equity firm with investments in various industries including technology, communications, railroad, and basic industries. Mr. Farley is also CEO and owner of Zrii International in Salt Lake City, Utah, a liquid nutritional marketer. He served as Chairman and Chief Executive Officer of Farley, Inc. and Fruit of the Loom, Inc. from the time he acquired the company in 1986 through December 1999. During that time, he built FTL from a primarily domestic $500 million underwear company into a leading international manufacturer and marketer of basic family apparel with sales approximating $2.3 billion for the 1999 fiscal year. Fruit of the Loom was sold to Berkshire Hathaway Co. in 2002 for approximately $1 Billion. 

Mr. Farley was born and raised in Pawtucket, Rhode Island. He received a Bachelor of Arts degree from Bowdoin College in Maine, and a Juris Doctor degree from Boston College Law School. More recently, Mr. Farley received an honorary degree of Doctor of Laws from his alma mater Bowdoin College. 

In addition to his business activities, Mr. Farley has served on various educational, corporate, civic and cultural boards, including: The Horatio Alger Association, The Big Shoulders Fund, The Rush Hospital Heart Institute, The Goodman Theatre of Chicago, and The Lyric Opera of Chicago. He also participates in Chicago Public School’s Principal For A Day Program.

Mr. Farley has received the Ireland-U.S. Council for Commerce and Industry's Annual Outstanding Achievement Award for his efforts to improve economic, business and commercial links between Ireland and the United States. Other honors include: the Apparel Industry Board, Inc.'s Special Award, the Horatio Alger Award for Distinguished Americans, the Freedom Award from America’s Freedom Festival, the American Academy of Achievement's Golden Plate Award, the National Women's Political Caucus' Good Guys Award and the White House's Presidential Award for Entrepreneurial Excellence. Mr. Farley has also previously served as Chairman of the Illinois Ambassadors and the Executive Club of Chicago.

Gonzalo Tronscoso - President

Mr. Troncoso is the President and a Director of Lustros Inc. Mr. Troncoso has over 25 years of management experience in the US, Europe and Latin America. From 1986 to 1997 Mr. Troncoso served as Vice President - Finance and Chief Financial Officer for SRC International, an energy services conglomerate. From 1998 to 2001 Mr. Troncoso worked as Vice President -- Finance at Anixter International (NYSEG:AXE) and PSINet (NASDAQ:PSIX). In 2001, Mr. Troncoso joined Interland (NASDQ:INLD) where he served as Vice President- Finance and Administration until 2004 and as Chief Financial Officer until 2007.

From 2007 to 2009 Mr. Troncoso was the Chief Financial Officer and President of Web Services of Web.com (NASDAQ:WWWW). Since 2009, Mr. Troncoso has been engaged in several start-ups in the Internet and energy service industries. Mr. Troncoso has been a director and the Chief Financial Officer of the Casablana Mining, Ltd. and President of Santa Teresa Minerals since December 2011. Mr. Troncoso has a B.B.A. in Accounting from Universidad Javeriana in Colombia, South America and an M.B.A. in Finance and International Marketing from St. Joseph's University in Philadelphia, PA. Mr. Troncoso is bilingual in English and Spanish.

Trisha Malone - Chief Financial Officer

Ms. Malone is the Chief Financial Officer and Secretary of Lustros Inc. Ms. Malone has more than 19 years of experience in finance and accounting including experience in corporate governance, securities regulation, financial controls requirements, and financial management. From 2000 to 2006, Ms. Malone served as Corporate Controller for Xsilogy, Inc., a leading wireless sensor network company, and as the division controller after Xsilogy's acquisition by SYS Technologies, Inc., a public company engaged in government contracting. From 2006 to 2008, Ms. Malone was the Corporate Controller for Satellite Security Corporation, a developer of satellite tracking systems.

Since 2008, Ms. Malone has been self employed as an independent accounting consultant and is presently consulting as Corporate Controller for several private companies. From 2007 to 2009, Ms. Malone served as the Corporate Controller for Lenco Mobile Inc., which operates in the high growth mobile marketing and Internet sectors, and served as Corporate Secretary for the company until June 2010. From June 2010 to September 2012 Ms. Malone served as Chief Financial Officer and a Director of Wikifamilies, Inc., a public company that operates in the technology services industry. Ms. Malone was also a Director of Casablanca Mining, Ltd. since inception and was the Chief Executive Officer of the Company from inception until January 2009 and the Chief Financial Officer from inception through December 2011. Ms. Malone has a degree in Business Administration from Grossmont College.


Contacts

Lustros Inc.

1005 South Center Street
Redlands, CA 92373
Phone: 909-253-0774

IR: kieran@smallcap-resource.com

Tel 646.596.5612

Fax 516.858.1116


 

 

 

 

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