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Silver Scott Mines (OTC PINK:SILS) announced that its Board of Directors has unanimously approved extending the expiration date of outstanding warrants until January 31, 2025. The company, which operates across healthcare, consumer products, clean technology, and digital technology sectors, made this decision to support shareholders while engaging in multiple potential transactions. CEO Stuart Fine indicated they expect to conclude at least one transaction before the new warrant expiration date, though specific timing remains uncertain.
Silver Scott Mines (OTC PINK:SILS) announced that its division, Silver Scott Clean Technology, has initiated preliminary negotiations with VulcanKore Technologies, a waste-to-energy innovation company. VulcanKore is developing small-scale waste-to-energy systems for restaurants, hotels, and homeowners, as well as larger community-based systems. The technology converts household trash and plastics into electricity, heat, and Biochar. Future versions will include a next-generation battery storage system for power outages and peak demand periods. The system aims to reduce landfill waste and plastic pollution while producing carbon-negative energy.
Silver Scott Mines (OTC PINK:SILS) has signed a memorandum of understanding with MC2, Inc. to develop blockchain-focused businesses. MC2's Crypton Media NFT platform will serve as the foundation for Silver Scott Digital's initiatives, including TrustNFT.io, a centralized blockchain NFT platform for authentication purposes. Silver Scott owns approximately 9% of MC2, Inc. The collaboration aims to reduce development time significantly, though project completion will take time. The companies plan to leverage the increasing scope and utility of NFTs to address growing digital authentication challenges.
Silver Scott Health, a division of Silver Scott Mines (OTC PINK:SILS), anticipates business opportunities following potential healthcare policy changes under the incoming Trump administration. The company believes that if the Affordable Care Act is overturned, service gaps will emerge in the healthcare sector. CEO Stuart Fine suggests that smaller, agile companies could capitalize on these gaps, which are typically dominated by larger corporations. The company sees this potential market disruption as an opportunity for their targeted acquisitions and partnerships.
Silver Scott Mines (OTC Pink:SILS) announces the development of TRUSTnft Network, a centralized blockchain platform designed to combat fraud and protect high-end goods manufacturers from counterfeit and stolen products. The platform will allow luxury goods manufacturers to upload inventory data, with purchasing consumers receiving TRUSTnft certificates to verify product authenticity. The system will also facilitate legitimate resale by maintaining product provenance through NFT records. The platform aims to address billions in losses from counterfeiting and theft in the luxury goods market. The project is currently in development with website and blockchain infrastructure being built, with launch expected in several months.
Silver Scott Mines, Inc. (OTC PINK:SILS) has provided a 3rd quarter update on its progress in transitioning into a diversified holding company. CEO Stuart Fine outlined plans to create four divisions: Silver Scott Digital Holdings, Silver Scott Health, Silver Scott Consumer Products, and Silver Scott Clean Technology. The company is actively engaged in negotiations for product licensing and business acquisitions, expected to close by year-end.
Silver Scott is also in the process of recruiting advisory board members and has identified an audit firm to prepare for becoming a fully reporting company with the SEC. Dr. Wesley Holland, Chairman of the Board, expressed support for the company's new direction under Fine's leadership. Shareholders are encouraged to visit the company website and sign up for email updates.
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