Exploration Targets Rare Earth Minerals Beneath Greene Concepts' Property

Rhea-AI Summary

Greene Concepts (INKW) has received a proposal for geological review and rare earth mineral exploration on its 150-acre property surrounding its bottling plant in McDowell County, NC. The company has engaged Capps Geoscience, a firm with over 40 years of experience, to conduct a Phase 1 minerals exploration survey focusing on Rare Earth Elements (REEs), gold, and base metals like copper and zinc.

The survey will include surface grab samples, soil samples, and geophysics, designed to not disturb the company's aquifer and artesian wells. Early findings have already confirmed the presence of manganese, copper, and zinc near the plant. The property lies within the Blue Ridge geological province, known for pegmatites containing REEs such as uraninite, allanite, zircon, and monazite. McDowell County currently hosts 22 mines, with 16 actively producing.

Positive

• Early findings confirm presence of valuable minerals (manganese, copper, zinc) near the plant
• Property location in mineral-rich Blue Ridge geological province with 16 active mines in the area
• Potential new revenue stream from mineral resources if discovered
• Survey designed to protect existing water source integrity

Negative

• Mineral exploration is still in early proposal stage with no guaranteed findings
• Any mining activity could potentially impact the company's bottling operations
• Additional capital investment likely needed for full exploration and development

News Market Reaction

+10.00%

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+10.00% News Effect

On the day this news was published, INKW gained 10.00%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARION, NC / ACCESS Newswire / May 8, 2025 / Greene Concepts Inc. (OTC PINK:INKW) is pleased to announce it has received a proposal for an initial geological review and rare earth mineral exploration survey of the company's 150-acre property surrounding its bottling plant. This follows the March 25, 2025 announcement regarding the hiring of a geologist to perform a comprehensive feasibility study on the presence of rare earth minerals and other valuable resources on the land.

The proposal outlines professional geological consulting services to support a desktop review and a Phase 1 minerals exploration survey of Greene Concepts' McDowell County, NC property. This includes surface grab samples, soil samples and geophysics which would not endanger the aquifer and artesian wells that the bottling plant relies upon. This will ensure the continued integrity of the company's water source. The focus will include Rare Earth Elements (REEs), gold, base metals such as copper and zinc, and other Critical Minerals (elements), including zirconium and rutile. The Phase 1 work aims to identify key resource areas to direct future soil sampling and other exploration techniques.

McDowell County, home to the land surrounding Greene Concepts' bottling plant, lies within the Blue Ridge geological province-an area known for its complex metamorphic and igneous rock formations. This region is favorable for the development of pegmatites, which often contain rare earth elements (REEs) such as uraninite, allanite, zircon, and monazite. In addition to REEs, the county is also known for deposits of gold, feldspar, iron, granite, manganese, zinc, and sulfur. Currently, 22 mines have been identified in McDowell County, with 16 actively in production.

Lenny Greene, CEO of Greene Concepts, commented, "We have engaged Capps Geoscience, a highly experienced firm with over 40 years in minerals exploration, disclosure reporting, and technical assessments for both public and private mining companies. Early findings have already confirmed the presence of manganese, copper, and zinc near our plant. With 16 active mines in McDowell County presently, there are plenty of valuable resource minerals yet to be discovered. I am excited about the potential of uncovering additional mineral resources across our full 150 acres."

Mr. Greene continued, "Capps Geoscience comes highly recommended for its expertise across management, fieldwork, operations, and reporting. Importantly, they have also guided us on how to conduct the survey without disturbing the ground around our aquifer and artesian wells, ensuring the continued integrity of our water source. Confirmed discoveries of rare earth and critical minerals on our property could be transformative for Greene Concepts, creating a powerful new revenue stream. We look forward to sharing more updates soon."

Follow Greene Concepts, Inc. on Social Media (X) at: @GreeneConcepts

About Greene Concepts, Inc.
Greene Concepts, Inc. (https://www.greeneconcepts.com) is a publicly traded company whose purpose is to provide the world with high-quality, healthy and enhanced beverage choices that meet the nutritional needs of its consumers while refreshing their mind, body and spirit. The Company's flagship product, BE WATER, is a premium artesian bottled water that supports total body health and wellness. Greene Concepts' beverage and bottling plant is located in Marion, North Carolina, and their water is ethically sourced from spring and artesian wells that are fed from a natural aquifer located deep beneath the Blue Ridge Mountains. Greene Concepts continues to develop and market premium beverage brands designed to enhance the daily lives of consumers.

Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.

CONTACT:
Greene Concepts, Inc.
Investor Relations
IR@greeneconcepts.com

SOURCE: Greene Concepts, Inc.

View the original press release on ACCESS Newswire

FAQ

What rare earth minerals has Greene Concepts (INKW) discovered on its property?

Early findings have confirmed the presence of manganese, copper, and zinc near the plant. The full exploration survey has not yet been conducted to confirm other rare earth elements.

How many acres is Greene Concepts (INKW) exploring for rare earth minerals?

Greene Concepts is exploring 150 acres of property surrounding its bottling plant in McDowell County, NC.

Who is conducting the mineral exploration for Greene Concepts (INKW)?

Capps Geoscience, a firm with over 40 years of experience in minerals exploration, disclosure reporting, and technical assessments, has been engaged to conduct the survey.

Will the mineral exploration affect Greene Concepts' (INKW) water bottling operations?

The survey is designed to not endanger the aquifer and artesian wells that the bottling plant relies upon, ensuring the continued integrity of the company's water source.

What types of minerals are typically found in McDowell County where INKW's property is located?

McDowell County is known for deposits of rare earth elements (REEs), gold, feldspar, iron, granite, manganese, zinc, and sulfur, with 22 identified mines, 16 of which are actively producing.