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Bioforce Nanosciences Holdings (OTC: BFNH) reported that the U.S. Bureau of Land Management has approved the assignment of eleven federal oil and gas leases covering about 20,000 acres in Nevada’s White River Valley. These assets have undergone more than a decade of geological due diligence.
Bioforce plans staged exploration and development, potentially including additional studies, 3D seismic, initial wells, production testing, gathering systems and evaluation of partnerships or farm-outs. On June 26, 2026, the company engaged independent firm Ryder Scott to calculate resources and confirm net present value. According to Bioforce, preliminary data show potential for oil and gas, but there is no current confirmation of economic resources, and the company highlights significant technical, commercial, regulatory and market risks.