Franklin Mining Makes First Sale of Dolomite, Joins the Amazon For Life Project

Rhea-AI Summary

Franklin Mining (FMNJ) has inked a sales and purchase agreement with concessionaire Carlos Terrones for the San Javier Dorado Pororo mining area. This agreement aims to produce Dolomite, essential for soil stabilization in Bolivia's Santa Cruz department. The Amazon For Life project will utilize Integrated Land Management across 14,826 acres to cultivate high-value tree species. The initiative supports local agriculture, reduces the reliance on imported Dolomite, and aligns with environmental preservation efforts without chemical fertilizers.

Positive

• Signed sales agreement for local Dolomite production, reducing costs for farmers.
• Supports environmental preservation and food security in Bolivia.
• Part of a larger Amazon For Life project integrating sustainable forestry and agriculture.

Negative

• None.

Carson City, NV, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has signed  an  open  future  sales  and  purchase  agreement  with  Mr.  Carlos Terrones, the concessionaire of the San Javier Dorado Pororo mining grant. This agreement will allow Dolomite to be produced at the Pororo mining area, as part of the Amazon For Life project.

The Amazon For Life  project  plans  to  implement  an  approach  known  as  Integrated  Land Management throughout 14,826 Acres (6,000 ha) of private land and Indigenous Community land in order to plant a productive, fast-growing, and high-value tree species. The project is a large forestry and farming endeavor,  in  alliance  with  local  Amazonian  tribes  and  forest  protection efforts.

In Bolivia, the Santa Cruz department is traditionally dedicated to intensive agriculture and cattle ranching. As a result, soils in the region are in urgent need of stabilization. Dolomite is a soil stabilizer required to balance the earth before fertilizers can be used. Currently imported from Brazil, the high cost of import makes its extended use difficult for farmers in the region. Having a local supply chain would improve farming conditions by increasing land rotation and reducing the need to expand into forested areas.

By signing this sales agreement, Franklin Mining can continue on its support for the preservation of the environment and food security for the people of Bolivia. Plantations will not disrupt the water table and no chemical fertilizers will be used. This project will be certified by a leading Carbon  Credit  organization  to  assure  that  international  guidelines  in  order  to  help  revert deforestation will be followed.

Franklin Mining realiza la primera venta de Dolomita, se une al proyecto Amazon For Life

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

FAQ

What is the significance of the sales agreement Franklin Mining signed on November 11, 2021?

The agreement allows Franklin Mining to produce Dolomite locally, benefiting agricultural practices and reducing reliance on costly imports.

How does the Amazon For Life project impact Franklin Mining's operations?

The project enables Franklin Mining to manage land sustainably while producing Dolomite, aimed at improving soil health and supporting local ecosystems.

What are the environmental benefits of Franklin Mining's new project?

The project focuses on environmental preservation by avoiding chemical fertilizers and is certified to adhere to carbon credit guidelines.