Carson City, NV, June 16, 2020 – (OTC Pink: FMNJ) – Franklin Mining, Inc. CEO William Petty and Marco Lopez, the owner of the Skorpius Copper Mine in Chile, have mutually agreed to rescind the contract for the development for copper of 22,000 hectares owned by Mr. Lopez. After due diligence and further studies, Mr. Petty has deemed the cost of development and production not in the company’s best interests.
“We have declined to move forward on this project,” Mr. Petty announced on Monday, “Once we looked at the long term development costs and labor-intensive production model, we decided it would be better to stay focused on what we know.”
Franklin Mining will continue to focus on refining possibilities and producing gold in Bolivia
Safe Harbor Act: This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report.
For additional information, visit our website, www.FranklinMining.com, call: (830)-331-0031, email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864