The company is focused on district-scale exploration for high-margin metallic mineral deposits in the prolific mining districts of Parral Mexico and controls a 100% interest in a group of claims (the Las Coloradas Project) located in the Parral Mining District, State of Chihuahua, Mexico. As of the date of its filings, the company has not earned any production revenue, nor found any proven reserves on any of its properties.
Kingsmen is a pre-revenue exploration-stage company with minimal cash generation and no proven reserves. While the company maintains a portfolio of mineral claims in productive mining jurisdictions, it faces typical junior explorer challenges including funding constraints and operational execution risk in bringing projects to production.
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