Precio Merger Mines Corp (MERG)

Merger Mines Corp. engages in the development and manufacture of laser based mining device. The company is headquartered in Coeur D'Alene, Idaho. The company went IPO on 2001-07-11. The firm focuses on the development and manufacture of laser mining units. The firm harnesses the power of lasers for use in mining narrow vein deposits of precious metals. The development consists of creating a scan head that will direct the power of commercially available, multi-kilowatt, fiber lasers. The scan head directs the collimated laser beam to cover the entire surface to be mined. The firm has interest in approximately 600 acres of unpatented mining properties. The firm's unpatented mining claims include Shoshone County, Kootenai County and Boundary County. The firm controls approximately 40 acres constituting two claims in Shoshone County. The company controls approximately 60 acres constituting three claims in Kootenai County. The firm controls approximately 500 acres constituting 25 claims in Boundary County.