Carson City, NV, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has returned from South America, where he was negotiating projects for the company based in Argentina and Bolivia. Most promising among the many proposed agreements is a Joint Venture signed with SOCRAM Energia S.A. to develop a lithium mine in Northern Argentina.
The mine would be developed in a region known as the Lithium Triangle, which contains more than 75% of the world’s known supply of lithium. Franklin Mining would develop one mine in three stages; stage one would undertake 1,458 hectares, stage two would process 2,366 hectares, and the final stage would extract 1,409 hectares of lithium.
“Now that preliminary studies have been completed, Franklin Mining will re-register the company in Argentina, set up an office in accordance with local laws, and begin to conduct our due diligence,” confided CEO William Petty. “This area is extremely well-known for lithium production and as of right now, the results are proving to be strong and favorable.”
Franklin Mining plans to corroborate the preliminary studies prior to breaking ground on the new lithium project. First, the lithium will be extracted as raw material in order to be sold to potential end buyers. Once possible, however, Mr. Petty has plans to negotiate within a free-trade zone in order to establish a plant to process the lithium in order to sell directly to battery manufacturers.
In accordance with the Amazon for Life project, as well as other local humanitarian efforts, the company plans to improve the quality of life for people living close to the lithium mine. By utilizing eco-friendly extraction techniques, as well as conscious consumption of local land and water sources, Franklin Mining is confident in their ability to sustain the ecosystem surrounding the mine.
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