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Plumas Bank & Cornerstone Industrial Minerals Corporation Partner to Boost Expansion & Perlite Production
January 7th, 2012
Plumas Bank, a subsidiary of Plumas Bancorp (NASDAQ: PLBC), has partnered with Cornerstone Industrial Minerals Corporation, an industrial minerals company engaged in the mining, processing, and marketing of perlite. Located in Lake County, Oregon, it serves customers throughout the West, Midwest, Canada, Mexico, South Korea and Australia. Its assets consist of an 800 acre mine which contains the Tucker Hill perlite deposit, the processing facility in Lakeview, and the trans-loading terminal near Klamath Falls, Oregon.
Perlite is a naturally occurring volcanic glass that contains between 2 and 5 percent water in the glass structure. When subjected to heat, the perlite...
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Source: Investment Weekly News (2012-01-07)