Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman, CEO and President William Petty is pleased to announce that joint-venture agreements have been signed expanding the scope of Raptor Ventures, LLC in Bolivia's primary antimony belt.

Raptor Ventures, LLC, formed in February 2010 and held equally by Franklin Mining, Inc. and Planet Resource Recovery, Inc., will begin operating the San Antonio de Turiri antimony mine the week of May 31, 2010 with the arrival of Bert Davi, Director of Operations for both Planet and MidWest General of Arizona, LLC. Mr. Julian Rodriguez, Raptor's Civil Engineer, will join Mr. Davi at the Turiri and remain on-site to oversee mining operations. MidWest General's participation in Raptor Ventures, LLC to assist in providing funding and operational expertise was announced in April 2010.

Franklin's operating agreements for Bolivia's Sorpresa (April 22, 2010) and Concordia (April 28, 2010) antimony mines resulted in formation of today's joint-ventures in which Franklin holds a 34.0% position with the remainder being shared by Raptor and MidWest.

All three mines under a Franklin operating agreement have recent antimony production ranges of 58% to 68% purity.

Franklin's contribution to the Raptor joint-venture and today's two new joint-ventures consists of operating agreements. Raptor and MidWest are providing technology, equipment, funding and operating expertise.

Operating agreements held by Franklin permit the full and exclusive prospecting, exploration, exploitation, refining and marketing rights for all minerals and metals. Water and surface rights customary to mining, without limitation or restriction, are included in each agreement as is access to existing camps, other structures, facilities and all equipment. Past and current technical documentation, including maps and drawings and geological, metallurgical and environmental studies, reports and laboratory analysis is also included in each operating agreement and is available to Raptor.

Bolivia's 2009 antimony production is recognized in U.S. Geological Survey reports as second only to China. At 310 thousand metric tons, Bolivia's antimony reserves are ranked fourth in the world.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia; additional information is available at www.FranklinMining.com.

DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.

For additional information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A S Austin Company, 210-204-5068 or FMNJ@asaustinco.com.

A S Austin Company 210-204-5068 FMNJ@asaustinco.com

Franklin Mining (PK) (USOTC:FMNJ)
Gráfica de Acción Histórica
De May 2024 a Jun 2024 Haga Click aquí para más Gráficas Franklin Mining (PK).
Franklin Mining (PK) (USOTC:FMNJ)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024 Haga Click aquí para más Gráficas Franklin Mining (PK).