The Company has reached a binding agreement to acquire Tamra Mining Company, LLC, (“Tamra”) a copper mining company located near the town of Milford, Utah. Tamra controls nearly 60,000 acres of mineral rich property and significant infrastructure to mine, process and produce finished copper cathode, a metal in high demand as the country’s industrial sector bounces back from the COVID related slowdown.
In conjunction with the acquisition of Tamra, the Company has simultaneously reached a binding joint venture agreement whereby the Company can earn an 85% controlling interest to develop SOPerior Fertilizer Corporation’s (“SOPerior”) 11,400 acre Blawn Mountain alunite deposit (see www.soperiorfertilizer.com), the United States’ largest non-bauxite alumina deposit coupled, with vast potash reserves. Blawn Mountain’s pre-feasibility study (Canadian 43-101) reports proven and probable mineral reserves of 426 million tons and 153 million of proven and probable reserves from two of the 4 explored areas of the lease.