BOXS
“On November 5, 2021, the Company acquired the rights to 102 Federal Mining Claims located in the Lisbon Valley of Utah for $100,000. The acquisition was driven by historical mineral data from seven (7) existing wells with brine aquifer access. The independent third-party Technical Report indicated that further investment and development in the claims were warranted.
The Company has been moving forward with its strategy of employing advanced brine extractive technology methodologies and has been in talks with numerous extraction providers. Selective mineral extraction is clearly the most cost-effective and ESG friendly approach currently available. Technologies are being utilized that can extract the desired minerals and metals from the brine and then re-inject the brines back down into the aquafer. The prospective partners have been provided the analytical results from the technical reports, but will soon provide current results, analytical, Geotech modeling, aquifer modeling, recharge, flows, and depth.”
June 2022 filed 10Q
They are speaking of DLE
“June 30, 2022, has accumulated losses totaling $17,009,709, and has a working capital deficit of $9,024,666”
Are either of those losses a matter of down payment on a DLE equipment?!?!
300 million share float on a 600 million share issuance, hmmm.
Different area of expertise in judging this one.
The only thing that I can think of saving this company is a Grant from the US Government.
Andrew P. Suckling
Used to advise for MMSDF, wow, never ends in the mining world.
On the fence with Mr. Suckling, until I can further understand his business plan. I can’t make sense of the companies direction. He doesn’t have much of a track record to make a judgment call now.
