Franklin Mining Inc. to Begin Raising Funds for Lithium Projects

Rhea-AI Summary

Franklin Mining (OTC Pink: FMNJ) has received SEC approval for Form 1-A, enabling it to raise up to $10 million for lithium mining development in Catamarca, Argentina. The company recently obtained initial funding to kickstart this phase. The Lithium Triangle area, covering over 1600 hectares, is the focus of this development. CEO William Petty expressed enthusiasm about advancing with a skilled team, while Richard Song joins as Vice President of Marketing in Asia to enhance product outreach.

Positive

• SEC approval for Form 1-A allows raising up to $10 million.
• Initial funding received to commence lithium mining development.
• Development area covers over 1600 hectares in the Lithium Triangle.
• Experienced team in place for planning phase one of development.
• Appointment of Richard Song as Vice President of Marketing in Asia.

Negative

• None.

Carson City, NV, May 02, 2022 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has been waiting more than a year to receive full approval from the Securities and Exchange Commission (“SEC”) on the filing of Form 1-A. This allows Franklin Mining to raise up to ten million dollars of funding. Last week, the company received the first sum of money to begin the development phase of mining lithium in Catamarca, Argentina.

Vice President of Operations in South America, Fernando Freudenthal, and Richard Song spent the month of April visiting the proposed mining area in what is known as the Lithium Triangle. This area is where Franklin Mining plans to begin phase one of development, encompassing more than 1600 hectares of land.

“Now that we have full approval by the SEC, as well as a solid team of geologists and lithium specialists, we are excited to begin planning for phase one of development,” announced Mr. Petty. “We are also pleased to welcome Richard Song as Vice President of Marketing in Asia. Mr. Song will be working to market our product to lithium buyers in Asia.”

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 of 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 at www.FranklinMining.com, email: FranklinMining.CEO@gmail.com, or follow us on Twitter @FMNJ1864.

FAQ

What funding has Franklin Mining received recently?

Franklin Mining has received initial funding to begin the development phase of lithium mining in Argentina.

How much can Franklin Mining raise with SEC approval?

Franklin Mining can raise up to $10 million following SEC approval for Form 1-A.

What is the location of Franklin Mining's lithium project?

The lithium mining project is located in Catamarca, Argentina, specifically in the Lithium Triangle.

Who is the new Vice President of Marketing at Franklin Mining?

Richard Song has been appointed as Vice President of Marketing in Asia.

How large is the development area for Franklin Mining's lithium project?

The development area encompasses over 1600 hectares.