Steele Resources Corporation is a United States-based is a development-stage exploration and mining company. The primary business of the Company is carried on through its wholly owned subsidiary, Steele Resources, Inc. (SRI) which is an exploration and mining company focused on identifying and developing advanced stage precious metal exploration projects. It is engaged in the business to identify, explore, develop and operate mineral exploration properties, and to provide mine exploration and operations services to mining properties located in the Western United States. As of December 31, 2011, the Company had three projects: Mineral Hill Gold Mine project located in Montana; Copper Canyon Mine, a copper-cobalt project in Idaho, and its Billali Mine, a silver-gold project located in New Mexico. On August 31, 2011 SRI and Innocent Inc. entered into an agreement to terminate the Joint Venture Agreement.