Attached files
| file | filename |
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| EX-99.1 - EL CAPITAN PRECIOUS METALS INC | v185178_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Act of 1934
Date of
Report (Date of earliest event reported): May 12, 2010
EL
CAPITAN PRECIOUS METALS, INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
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333-56262
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88-0482413
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(State or other
jurisdiction of
incorporation)
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(Commission File
Number)
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(I.R.S. Employer Identification
No.)
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15225
N. 49th
Street, Scottsdale, AZ
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85254
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (602)
595-4997
N/A
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|
o
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Written communications pursuant
to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
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o
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive
Agreement.
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Effective
on May 12, 2010, El Capitan Precious Metals, Inc. (“El Capitan” or the
“Company”) entered into a Joint Venture agreement with Planet Resource Recovery,
Inc, (PRRY.PK) to process approximately 200 tons of concentrate with Planet’s
environmentally friendly recovery process. The concentrate was produced several
years ago at the El Capitan property from head ore. Planet recently reported
that their process showed head ore results of 0.355 gold equivalents per
ton.
Planet
will provide a production plant facility in the Houston area where the
concentrate will be shipped from the Capitan site in New Mexico. The Joint
Venture Agreement provides for the sale of any recovered precious metals and the
net profit or loss to be split equally between the venture parties after
deducting all costs of the Joint Venture.
Planet
will utilize their proprietary intellectual technology for processing the
concentrate. The Joint Venture will be granted a non-exclusive, non-transferable
and limited license from Planet to utilize their technology under the terms and
conditions of the Joint Venture Agreement and the license will expire
automatically upon termination of the Joint Venture. All the technology and
intellectual property utilized or developed in processing the concentrates is
the property of Planet.
A
copy of the press release, dated May 12, 2010, announcing the Joint Venture
Agreement is filed as Exhibit 99.1 hereto and incorporated by reference
herein.
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Exhibit
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||
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Number
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Description
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99.1
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Press
Release dated May 12, 2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
| EL CAPITAN PRECIOUS METALS, INC. | |||
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Date:
May 14, 2010
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By:
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/s/ Stephen J. Antol | |
| Stephen J. Antol | |||
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Chief
Financial Officer
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EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Press
Release dated May 12, 2010
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