Satori Resources, Inc, a Canadian junior mining company, is among the new entries to the marijuana industry. The company has recently started to form partnerships, particularly for growing and cultivating medicinal cannabis. It meanwhile continues to explore mineral properties in Canada.
Some of the company’s recent developments are in the medical marijuana sector. In April 2014, Satori formed a partnership with Jourdan Resources, Inc to conduct testing and likely develop rock phosphate as a type of plant fertilizer, especially for the medicinal cannabis plant. Another development is its exclusive agreement with cultivation company Homegrown Hydroponics to develop and distribute products for marijuana-growing.
Satori Resources also appointed the licensed cannabis grower Bill Christie as the company’s Head of Communications and Marketing. Among Christie’s tasks are establishing Satori as part of the marijuana industry through online channels.
At the same time, Satori Resources is still in the mining industry. The company holds 100% interest in a Manitoba venture called the Tartan Lake Gold Mine Project, centered on a historic gold mine located in the Flin Flon Greenstone Belt. The mine is noted for having produced 45,000 ounces of gold from 1987-1989. It was then shut down because of the unfavorable economy, and it passed hands until Satori Resources acquired it in 2012. A recent estimate states it still holds 130,000 ounces of gold.
Satori Resources was originally part of St. Eugene Mining Corporation Limited. In 2012, St. Eugene Mining was acquired by Claude Resources, Inc, and Satori was formed as a spin-off company.
Satori Resources is now traded as BUD in the TSX Venture Exchange, with a market cap of CAD 1.47 M.
The company is led by CEO and President Walter C. Henry, alongside Executive Chair Jennifer L. Boyle, Advisor Scott Walters, and CFO Jeffrey Keith Kilborn.
Satori Resources, Inc.
401 Bay St, Suite 2702
Toronto, Ontario M5H 2Y4