Here To Serve Enters Electric Vehicle Supply Chain

Rhea-AI Summary

Here To Serve Holding Corp. (OTC:HTSC) has announced its subsidiary, Fortune Nickel and Gold Inc., has signed an agreement to purchase mining claims near Timmins, Canada, which is known for significant nickel deposits. CEO Paul Riss emphasized the company's commitment to securing minerals essential for electric vehicles (EVs) amidst inflation concerns. The acquisition aims to leverage high nickel and gold levels from previous drilling while positioning Fortune as a key player in the EV supply chain.

Positive

• Acquisition of mining claims near Timmins, Canada, known for nickel and gold deposits.
• Focus on nickel, aligning with projected demand from the electric vehicle market.
• Previous drilling indicates high levels of nickel and gold in purchased claims.
• Strategic move aimed at diversifying revenue streams to hedge against inflation.

Negative

• None.

WHITE PLAINS, N.Y., Sept. 1, 2020 /PRNewswire/ -- Here To Serve Holding Corp. (OTC:HTSC) is pleased to announce that its wholly owned subsidiary, Fortune Nickel and Gold Inc. ("Fortune"), has signed an agreement to purchase mining claims in the Canadian nickel-rich area near Timmins.

According to Paul Riss, CEO of HTSC, "We have been working with experts in Canada and we have been impressed with the significant nickel finds in the rock formations in northeastern Ontario.  Our claims are 10 miles from what people are saying is one of the largest nickel sulfide mines in the world.  Our Fortune subsidiary has been established to take advantage of these minerals, and previous drilling in the claims that we are purchasing shows a high level of nickel as well as gold."

"In today's world, we are concerned about inflation and we want this diversification to protect our company and create value for our shareholders," continued Riss.  "We believe we have secured a mineral-rich environment and we are especially bullish on nickel and the projected use of nickel in electric vehicles.  We plan a very strategic entrance into the electric vehicle supply chain."

About Here To Serve Holding Corp.

Here to Serve Holding Corp. operates as four entities: Fortune Nickel and Gold Inc., Novus Ordo Industries Inc. ("Novus"), ICF Industries Inc. ("ICF") and Executive Industries, which operates as a division of ICF.

Fortune intends to become a player in the exploration and production of nickel, gold and other precious metals internationally. The company is focused primarily on nickel exploration as the battery metals are projected to explode in the coming years along with the electric vehicle ("EV") market. The company's core mission is to supply the major nickel contracts awarded by the largest EV manufacturer in the world. 

Novus is a California-based licensed construction company. Working with strategic partners, Novus provides its clients with architectural, engineering, and construction services for the custom building of residential homes, commercial properties, hotels and cannabis facilities using insulated concrete forms.

ICF is a distribution, consulting and sales corporation designed to supply construction material throughout North America. ICF has contracts to distribute a diverse array of industrial products such as stuccoes, plasters, insulated concrete forms, Gigahomes, modular homes and greenhouses and medical supplies from strategically designated vendors.

Executive Industries offers corporate advisory, consulting and marketing services to both public and privately-owned companies. Executive Industries helps entities with corporate strategy, negotiation, corporate structure, marketing and executive management decisions.

Please visit https://heretoserve.tech/.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.  You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements.  Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

View original content:http://www.prnewswire.com/news-releases/here-to-serve-enters-electric-vehicle-supply-chain-301121799.html

SOURCE Here to Serve Holding Corp.

FAQ

What is the latest news about Here To Serve Holding Corp. (HTSC)?

Here To Serve Holding Corp. announced its subsidiary has acquired mining claims in Canada, focusing on nickel and gold.

How does the acquisition of mining claims affect HTSC's stock?

The acquisition positions HTSC to benefit from the increasing demand for nickel in electric vehicles, potentially enhancing shareholder value.

Where are the mining claims acquired by HTSC located?

The mining claims are located in the nickel-rich area near Timmins, Canada.

What is the significance of HTSC's focus on nickel?

Nickel is crucial for electric vehicle batteries, and HTSC aims to become a key player in this emerging market.

What does HTSC's subsidiary, Fortune Nickel and Gold Inc., plan to do?

Fortune intends to explore and produce nickel, gold, and other precious metals internationally.