NEWS ENTIRE post with links: BlueFire Equipment, Corp. (BLFR) @OTC_BLFR $BLFR entered into a LOI with Willcox International Holdings, Inc. (“WINH”), a 10% owner and in progress to fully acquire NeoLithica, Ltd.
The LOI is for BLFR to form a Partnership with $WINH. BLFR proposes its current operating assets located in Bedias Creek and Gin Creek South Texas for WINH to test and extract lithium deposits for a 50/50 net profit split from all extracted lithium sold. Furthermore, the Company proposes its future acquisitions on operating assets by WINH providing 20% of the required equity from the Company’s 80% secured private credit to purchase the operating assets. All operating assets jointly purchased will grant WINH 20% of the operating asset’s net profit and a 50/50 net profit split on from all lithium deposits found, extracted, and sold.
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