Carson City, NV, March 01, 2022 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has returned to Argentina in pursuit of mining lithium from the mineral-rich region known as the Lithium Triangle. After previously agreeing with SOCRAM Energia S.A. to develop a mine, Mr. Petty has secured the land to be developed, totaling more than 10,000 hectares in the Catamarca region of Argentina.
The Joint Venture agreement, signed last week in Buenos Aires, spans the next thirty years with 80% of the lithium controlled by Franklin Mining.
Franklin Mining Vice President of Operations in South America, Fernando Freudenthal, will head to Argentina in March in order to structure the team that will lead the research and development of the mining area. The first step will be an exploration program which will verify all claims and studies given to Franklin Mining in regards to the viability of the mine.
“We look forward to corroborating the information we have been given by our partners, so that we will be successful in our goal of extracting lithium,” Mr. Petty said.
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