FRTM - FRTM STOCK NEWS

BitNile Holdings (NYSE American: NILE) and White River Energy Corp (OTC: FRTM) have successfully drilled the O’Neal No. 1 Well in Holmes County, Mississippi, reaching 9,531 feet. This well, part of their partnership, shows productive oil results across multiple pay zones in the Smackover formation. The completion is expected in mid-October 2022. BitNile invested $12 million in Ecoark Holdings, acquiring a 40% stake in the well. Over the next five years, they plan to drill approximately 100 oil wells together.

BitNile Holdings (AMEX: NILE) and White River Energy Corp (OTC: FRTM) have announced the successful drilling of the O’Neal No. 1 Well in Holmes County, Mississippi, reaching 9,531 feet. This well displayed productive oil results across several pay-zones. The well's completion process has started, with expectations to pump it by mid-October 2022. This marks the first project of a partnership aiming to drill approximately 100 oil wells over five years, following BitNile's $12 million investment in Ecoark Holdings (NASDAQ: ZEST), which owns 83% of White River.

Fortium Holdings Corp has officially rebranded as White River Energy Corp following majority shareholder approval on September 16, 2022. This name change is part of a strategic initiative to concentrate on oil and gas exploration and production, specifically targeting over 30,000 acres of mineral leases in Louisiana and Mississippi. White River has also divested from its cannabis and retail sporting goods subsidiaries, aligning its operations with a vertically integrated business model.

Fortium Holdings Corp. (OTC: FRTM) announces a groundbreaking 500% increase in oil production at the Deshotel Well in Louisiana following a successful workover project by its subsidiary, White River Operating LLC. The procedure involved removing paraffin blockages and installing artificial lift, resulting in initial production rates of 30 barrels per hour. Fortium plans to expand its drilling capabilities with new rigs and ongoing monitoring of existing wells. Additionally, Ecoark Holdings is set to spin off Fortium's common stock to its shareholders, enhancing growth potential.

BitNile Holdings, Inc. (NYSE: NILE) and Fortium Holdings Corp (OTC: FRTM) announced the commencement of drilling the Harry O’Neal 20-9 No. 1 well in Holmes County, Mississippi. The well will penetrate multiple pay-zones in various formations, with an initial drilling start on August 22, 2022. BitNile's subsidiary, Ault Energy, holds a 40% working interest in the project. Fortium recently acquired White River Holdings Corp for $30 million in non-voting preferred stock. The company is expanding operations with two additional drilling rigs.

BitNile Holdings (NYSE: NILE) and Fortium Holdings (OTC: FRTM) announced the commencement of drilling for the Harry O’Neal 20-9 No. 1 well in Holmes County, Mississippi. The well, targeting multiple pay zones, began on August 22, 2022. White River, a subsidiary of Fortium, plans to utilize newly acquired drilling rigs for in-house projects up to 30,000 feet. BitNile has invested $12 million in Ecoark Holdings (NASDAQ: ZEST), retaining oil well participation rights. White River aims to drill 100 wells over five years, bolstering its operational capacity.

Fortium Holdings Corp. (FRTM) announced advisory agreements with three industry leaders to enhance operations and growth for its subsidiary, Norr LLC, in the direct-to-consumer action sports market. The advisory team includes Brian McKinley, Alexandre Souêtre, and Mike Burgess, who bring extensive experience in production, design, and marketing. This move aims to position Norr as a significant player in the sporting goods industry, with a focus on delivering high-quality, affordable products targeting action sports enthusiasts.

Fortium Holdings Corp. (OTC: FRTM) announced the formation of a new subsidiary, Norr LLC, to enter the direct-to-consumer sporting goods sector in the U.S. Norr aims to reach youth sporting categories with affordable products, starting with skateboards available for pre-order. The company expects to benefit from the shift to online shopping and plans to expand its product line. CEO Richard Horgan highlighted the exciting potential for growth in action sports. Fortium previously entered the cannabis market with Elysian Premium Corp.

Fortium Holdings Corp. (OTC: FRTM) has announced that its subsidiary, Elysian Premium Corp., is the exclusive licensee for Cannablue trademarks in the U.S. This five-year agreement allows Elysian to brand its stores and sell related products. Cannablue's flagship store operates in South Lake Tahoe, California. CEO Richard Horgan highlighted the opportunity to create a premium retail experience, while Cannablue aims for nationwide expansion. This partnership reflects Fortium's strategy to penetrate the luxury cannabis market.