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Franklin Mining Signs Agreement to Develop Mining Operations in New Area of Bolivia

Written by Customer Service on . Posted in Public Companies.

Carson City, NV, Aug. 03, 2021 (GLOBE NEWSWIRE) — Franklin Mining CEO William Petty (OTC Pink: FMNJ) and the Cooperativa Minera Las Piedras, a Bolivian Mining Co-op, have reached an agreement and signed a Letter of Intent outlining the future development plans of the area known as San Ramon. The Las Piedras hold the mining rights for a 62 Cuadricula Concession (nearly 4,000 acres) with indications of heavy mineralization. This region is located within the Precambrian Shield, a geological area rich in Gold, Wolfram, Tantalite, and other minerals located near the town of San Ramon, in the Department of Santa Cruz, Bolivia.

Within the Letter of Intent, both parties have expressed their interest in signing a Contract for the Provision of Services for Mining Operation, or an Associative Entrepreneurship, which are different forms of association between private and cooperative parties, as approved under current Bolivian mining law. In such an agreement, Franklin Mining Inc., via its fully owned local subsidiary, and the Cooperative would be responsible for the mining operation, as well as the processing and commercialization of the product(s) that become available, while maintaining a focus on Gold.

Franklin Mining is preparing to soon visit the area in order to obtain and verify information on the different legal, geological, technical, financial, and other aspects regarding the Cooperative and the mining location. Franklin Mining has already obtained all the necessary legal documentation from the Cooperative, who have offered their full collaboration for the facilitation of the planned trip objectives. Both parties used the Letter of Intent to declare their willingness to continue with the planning and negotiation process in order to fast track operations in the highly prospective area.

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, www.FranklinMining.com, Phone:  830-331-0031, Email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864

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