SHELBURNE, N.S. – Nova Scotia mining company Black Bull Resources Inc. (TSXV:BBS) is reporting net losses exceeding $380,000 for the year ending Sept. 30.
The company owns the White Rock Mine near Shelburne, which produces a bright white, high-purity quartz.
CEO Joseph MacDonald says the company’s focus is to reserve cash by reducing overall expenses.
MacDonald says all redundant assets and existing inventory have been sold to help improve the company’s fiscal position.