Franklin Mining to Develop Lithium Mine in Argentina
Franklin Mining Inc. (FMNJ) has signed a Letter of Intent (LOI) to expand its mining operations into lithium production in northern Argentina. CEO William Petty believes the Lithium Gold I-II-III mine could significantly benefit the company's future growth. As demand for lithium is projected to triple over the next 15 years, this partnership positions Franklin Mining favorably in the growing rare earth sector. The company’s executives will visit the mine in January for due diligence and operational planning.
- Signing of a Letter of Intent for lithium mining in Argentina indicates strategic expansion.
- Lithium demand is projected to triple in the next 15 years, enhancing market potential.
- Partnership with Lithium Gold I-II-III suggests potential for significant revenue growth.
- None.
Carson City, NV, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Franklin Mining Inc. (OTC Pink: FMNJ) will continue to expand mining operations as CEO William Petty signs another LOI, this time for Lithium.
Lithium Gold I-II-III is the name of the Lithium mine located in northern Argentina that will be partnering with Franklin Mining. Based on preliminary studies, Mr. Petty believes this mine to be of great value to the company.
“We are excited about entering into this contract because it will give Franklin another piece of rare earth for our future and development,” said Mr. Petty.
Vice President of Development and Operations Fernando Freudenthal, along with Mr. Sergio Rubenbortz will travel to the mine in January to conduct their due diligence and begin planning the operation going forward.
The global demand for lithium, the lightweight metal used to make high-powered batteries for cell phones, laptops, and hybrid cars, is expected to triple in the next 15 years.
Franklin Mining desarrollará mina de litio en Argentina
Franklin Mining entwickelt Lithiummine in Argentinien
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 at www.FranklinMining.com, Phone: (830)-331-0031, email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864.
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