Franklin Mining signs Agreement for Lithium Development
Franklin Mining CEO William Petty has concluded negotiations in South America, securing a Joint Venture with SOCRAM Energia S.A. to develop a lithium mine in Northern Argentina, located in the Lithium Triangle, which holds over 75% of the world’s lithium supply. The project will roll out in three stages covering a total of 5,233 hectares. The company aims to sell raw lithium to buyers and plans to establish a processing plant for battery manufacturers. Franklin Mining also commits to eco-friendly practices and local community improvement.
- Joint Venture with SOCRAM Energia S.A. for lithium mine development.
- Project located in the Lithium Triangle, known for substantial lithium reserves.
- Development planned in three stages covering over 5,233 hectares.
- Plans to establish a processing plant for direct sales to battery manufacturers.
- Commitment to eco-friendly extraction techniques and local community support.
- None.
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Carson City, NV, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has returned from South America, where he was negotiating projects for the company based in Argentina and Bolivia. Most promising among the many proposed agreements is a Joint Venture signed with SOCRAM Energia S.A. to develop a lithium mine in Northern Argentina.
The mine would be developed in a region known as the Lithium Triangle, which contains more than
“Now that preliminary studies have been completed, Franklin Mining will re-register the company in Argentina, set up an office in accordance with local laws, and begin to conduct our due diligence,” confided CEO William Petty. “This area is extremely well-known for lithium production and as of right now, the results are proving to be strong and favorable.”
Franklin Mining plans to corroborate the preliminary studies prior to breaking ground on the new lithium project. First, the lithium will be extracted as raw material in order to be sold to potential end buyers. Once possible, however, Mr. Petty has plans to negotiate within a free-trade zone in order to establish a plant to process the lithium in order to sell directly to battery manufacturers.
In accordance with the Amazon for Life project, as well as other local humanitarian efforts, the company plans to improve the quality of life for people living close to the lithium mine. By utilizing eco-friendly extraction techniques, as well as conscious consumption of local land and water sources, Franklin Mining is confident in their ability to sustain the ecosystem surrounding the mine.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For additional information, visit our website at www.FranklinMining.com, email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864.
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