Silver Scott Mines Strengthens Digital Strategy Through Kanab.club MOU
Silver Scott Mines (OTC PINK:SILS) has signed a Memorandum of Understanding (MOU) with Everest Networks to redevelop the Kanab.club social networking platform. The agreement includes transforming the platform into a mobile application, with SILS maintaining a significant ownership stake in the project.
While financial details remain undisclosed, the deal aligns with the company's dual-track growth strategy of developing software for clients while building value through digital initiatives. The development deal is expected to close by the end of September 2025.
Silver Scott Mines (OTC PINK:SILS) ha sottoscritto un Memorandum d'Intesa (MOU) con Everest Networks per rilanciare la piattaforma di social networking Kanab.club. L'intesa prevede la conversione della piattaforma in un'app mobile, con SILS che manterrà una partecipazione significativa nel progetto.
I termini finanziari non sono stati divulgati; l'accordo però è in linea con la strategia aziendale a doppio binario, che combina lo sviluppo di software per clienti con la creazione di valore tramite iniziative digitali. La chiusura dell'accordo è prevista entro la fine di settembre 2025.
Silver Scott Mines (OTC PINK:SILS) ha firmado un Memorando de Entendimiento (MOU) con Everest Networks para redearrollar la plataforma de redes sociales Kanab.club. El acuerdo contempla transformar la plataforma en una aplicación móvil, y SILS mantendrá una participación significativa en el proyecto.
No se han divulgado detalles financieros, pero el trato encaja con la estrategia de crecimiento dual de la compañía, que combina el desarrollo de software para clientes con la generación de valor mediante iniciativas digitales. El cierre del acuerdo se espera antes de finales de septiembre de 2025.
Silver Scott Mines (OTC PINK:SILS)가 Everest Networks와 Kanab.club 소셜 네트워킹 플랫폼 재개발을 위한 양해각서(MOU)를 체결했습니다. 이번 합의에는 플랫폼을 모바일 애플리케이션으로 전환하는 내용이 포함되며, SILS는 프로젝트에서 상당한 지분을 유지합니다.
재무 세부사항은 공개되지 않았으나, 이 거래는 고객 대상 소프트웨어 개발과 디지털 이니셔티브를 통한 가치 창출이라는 회사의 이중 성장 전략과 일치합니다. 개발 계약은 2025년 9월 말까지 완료될 것으로 예상됩니다.
Silver Scott Mines (OTC PINK:SILS) a signé un protocole d'accord (MOU) avec Everest Networks pour redévelopper la plateforme de réseau social Kanab.club. L'accord prévoit de transformer la plateforme en application mobile, SILS conservant une participation significative dans le projet.
Les détails financiers n'ont pas été divulgués, mais cet accord s'inscrit dans la stratégie de croissance à double voie de la société, qui conjugue le développement de logiciels pour des clients et la création de valeur via des initiatives numériques. La finalisation du dossier est attendue d'ici la fin septembre 2025.
Silver Scott Mines (OTC PINK:SILS) hat ein Memorandum of Understanding (MOU) mit Everest Networks zur Neuentwicklung der Social-Networking-Plattform Kanab.club unterzeichnet. Vereinbart ist, die Plattform in eine mobile App umzuwandeln; SILS behält einen bedeutenden Eigentumsanteil am Projekt.
Finanzielle Details wurden nicht bekannt gegeben, doch der Deal passt zur Dualstrategie des Unternehmens, einerseits Software für Kunden zu entwickeln und andererseits durch digitale Initiativen Wert zu schaffen. Der Abschluss des Entwicklungsvertrags wird bis Ende September 2025 erwartet.
- Company will maintain significant ownership stake in Kanab.club platform
- Strategic expansion into digital and social networking space
- Deal expected to close within one month
- Financial terms of the MOU not disclosed
- Project still in early MOU stage, not finalized
Equity stake in redeveloped social platform expected to drive additional shareholder value
FRANKLIN, NJ / ACCESS Newswire / September 2, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) (the "Company") today announced that it has signed a Memorandum of Understanding ("MOU") with Everest Networks to redevelop and expand Kanab.club , a social networking and lifestyle platform, including its transformation into a mobile application.
Under the terms of the MOU, financial details will not be disclosed. However, Silver Scott Mines will maintain a significant ownership interest in the project, allowing the Company to participate directly in the platform's long-term growth and success.
"This MOU underscores our strategy of using digital innovation as a complementary driver of shareholder value," said a Company spokesperson. "By working with Everest Marketing, we see an opportunity to revitalize Kanab.club into a more dynamic community platform while strengthening our digital portfolio alongside our healthcare tech platforms."
The finalized development deal is expected to close by the end of September.
Silver Scott Mines continues to execute a dual-track growth plan, advancing its software development projects for clients while building value through its own digital initiatives. The Company believes this approach provides shareholders with exposure to both traditional resource opportunities and emerging technology-driven platforms.
About Everest Networks, Inc.
Everest Networks, Inc. Is a Wyoming-based company established in 2019. It has successfully built and launched social media and networking technologies, including the Kanab.club.
About Silver Scott Mines, Inc.
Silver Scott Mines, Inc. (OTC PINK:SILS) is a diversified technology and software development company with interests in digital asset infrastructure, tokenized natural resources, fintech innovation and healthtech solutions. Through strategic development and acquisitions, the Company aims to build shareholder value across traditional and emerging sectors.
Learn more about our ETF platform: www.YourCryptoETF.com
Learn more about our seedless crypto wallet: www.seedlesswallet.com
Trade crypto here: www.silverscottexchange.com
Other sites owned by SILS: www.silverscotttoken.com, www.peachhim.com, Trustnft.io, Eggplanther.com, www.rivalmemecoins.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially due to factors discussed in the Company's filings and other public disclosures. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
CONTACT
Stuart Fine
CEO
Silver Scott Mines, Inc.
908-356-9852
SOURCE: Silver Scott Mines Inc
View the original press release on ACCESS Newswire
FAQ
What is the partnership between Silver Scott Mines (SILS) and Everest Networks?
When will Silver Scott Mines (SILS) finalize the Kanab.club development deal?
How does the Kanab.club deal fit into Silver Scott Mines' strategy?
What is the financial value of Silver Scott Mines' Kanab.club partnership?
