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URSA Major Minerals Incorporated

03:45 PM EST - URSA Major Minerals Incorporated : announced its financial and operating results for the three and nine months ended October 31, 2010. The Company is pleased to announce that the Shakespeare Nickel-Copper Mine, located 70 km west of Sudbury, Ontario, produced over 66,700 tonnes of ore and achieved a net income of $548,202 for the quarter. For the three months ended October 31, 2010, the Company recorded gross revenue of $7,271,623 on the sale of metals from the Shakespeare Mine. The Company reported an operating profit of $1,175,164 for the quarter. URSA Major Minerals Incorporated shares T.UMJ are trading up $0.025 at $0.17.