Silver Scott Mines, Inc. Announces Cancellation of MOU with Aviation Unlimited

Rhea-AI Summary

Silver Scott Mines (OTC PINK:SILS) has announced the termination of its Memorandum of Understanding (MOU) with Aviation Unlimited, citing strategic misalignment. CEO Stuart Fine emphasized that the company will focus on its core blockchain and digital technology initiatives. The company highlighted its ongoing projects including tokenization of Real World Assets (RWAs), the TrustNFT.io platform for digital asset management, and AffordableTelehealthPlan.com for healthcare accessibility. Silver Scott Mines maintains its commitment to blockchain innovation and maximizing shareholder value through strategic initiatives that better align with its core competencies.

Positive

• Company demonstrates strategic discipline by avoiding potentially unsuitable partnerships
• Active development of multiple blockchain projects including RWA tokenization and TrustNFT.io
• Expansion into telehealth sector through AffordableTelehealthPlan.com platform

Negative

• Failed business development effort with Aviation Unlimited indicating potential execution challenges
• Cancellation of MOU suggests possible setback in company's expansion plans

FRANKLIN, NJ / ACCESS Newswire / June 5, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS), an innovative blockchain development and emerging technologies company, today announced the cancellation of the Memorandum of Understanding (MOU) with Aviation Unlimited. The company was unable to conclude the transaction with Aviation Unlimited and has determined that pursuing other opportunities aligns better with its strategic objectives and shareholder interests.

"While we initially considered a partnership with Aviation Unlimited, we believe that our current initiatives present far greater potential for value creation and shareholder returns," said Stuart Fine, CEO of Silver Scott Mines, Inc. "Our focus remains on pioneering innovative platforms and assets that leverage the latest in blockchain and digital technology."

Silver Scott has recently launched several transformative projects, including:

• Tokenizing Real World Assets (RWAs): Creating new opportunities for liquidity and investment diversification.

• TrustNFT.io: A secure and trusted platform designed to facilitate secure digital asset management and transactions.

• AffordableTelehealthPlan.com: An accessible telehealth service aimed at expanding healthcare access to all US patients.

Silver Scott remains committed to its mission of innovation and shareholder value maximization. The company will continue to evaluate strategic opportunities that align with its core strengths and long-term vision.

About Silver Scott Mines, Inc.

Silver Scott Mines, Inc. is a diversified resource and technology company focused on creating innovative solutions that leverage blockchain, digital assets, and affordable healthcare solutions.

For further information, please contact:

Stuart Fine
Silver Scott Mines, Inc.
908-356-9852
stuartfine@silverscottmines.com

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

SOURCE: Silver Scott Mines Inc

View the original press release on ACCESS Newswire

FAQ

Why did Silver Scott Mines (SILS) cancel its MOU with Aviation Unlimited?

Silver Scott Mines canceled the MOU because they were unable to conclude the transaction and determined other opportunities better aligned with their strategic objectives and shareholder interests.

What are the main projects Silver Scott Mines (SILS) is currently working on?

Silver Scott Mines is working on tokenizing Real World Assets (RWAs), developing TrustNFT.io for digital asset management, and operating AffordableTelehealthPlan.com for telehealth services.

What is Silver Scott Mines' (SILS) current business focus?

The company focuses on blockchain development and emerging technologies, specifically in areas of digital asset management, RWA tokenization, and telehealth services.

Who is the CEO of Silver Scott Mines (SILS)?

Stuart Fine is the CEO of Silver Scott Mines.

What is Silver Scott Mines' (SILS) strategy after canceling the Aviation Unlimited MOU?

The company plans to focus on its core blockchain and digital technology initiatives while evaluating strategic opportunities that align with its strengths and long-term vision.