Franklin Mining Stock Price, News & Analysis

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.

Franklin Mining Inc. (FMNJ) has signed a Letter of Intent (LOI) to expand its mining operations into lithium production in northern Argentina. CEO William Petty believes the Lithium Gold I-II-III mine could significantly benefit the company's future growth. As demand for lithium is projected to triple over the next 15 years, this partnership positions Franklin Mining favorably in the growing rare earth sector. The company’s executives will visit the mine in January for due diligence and operational planning.

Franklin Mining (FMNJ) has inked a sales and purchase agreement with concessionaire Carlos Terrones for the San Javier Dorado Pororo mining area. This agreement aims to produce Dolomite, essential for soil stabilization in Bolivia's Santa Cruz department. The Amazon For Life project will utilize Integrated Land Management across 14,826 acres to cultivate high-value tree species. The initiative supports local agriculture, reduces the reliance on imported Dolomite, and aligns with environmental preservation efforts without chemical fertilizers.

Franklin Mining CEO William Petty has returned to Bolivia to advance the development of the Puqio Norte mine, now called 'DHARMA.' A Letter of Intent was signed with Bolivia Progressa Cooperativa to further explore this historically productive site. The mine has a tailing pond with 10 million tons of material, along with plans to study primary hard rock vein structures. Franklin Mining aims to implement environmentally-friendly practices to minimize ecological impact, following COMSUR's successful mining principles in the region.

Franklin Mining has signed a Letter of Intent with the Cooperativa Minera Las Piedras, focusing on developing the San Ramon area in Bolivia, which spans nearly 4,000 acres. This region is rich in minerals such as Gold and Tantalite. The agreement will lead to a Contract for Mining Operations, allowing Franklin Mining and its local subsidiary to manage operations and product commercialization. A visit to the site is planned for legal and geological assessments. The collaboration aims to fast track the operations in this promising mining area.