SOPERIOR FERTILIZER PROVIDES UPDATE ON LEASE RENEWAL
June 14 2024 - 7:00AM
SOPerior Fertilizer Corp. (the “Company” or “SOP”)
(NEX:SOP.H). The Company is providing an update with
respect to its Other Business Arrangement (“OBA”) renewal of the
Blawn Mountain mineral leases which was previously disclosed in its
press release of March 22, 2024. The Company in conjunction with
its proposed JV counterparty is engaged in ongoing dialogue with
Utah School and Institutional Trust Lands Administration (“SITLA”)
regarding the renewal.
Due to various inquiries regarding the leases,
SITLA has posted a Request for Proposals for the Blawn Mountain
Leases with a September 1, 2024 deadline for submissions.
The Company is of the opinion that its
submission, which will contain financial and commercial development
commitment disclosures from its proposed JV counterparty, will be
the preferred proposal for SITLA as it is the fastest track to a
sizeable commercial mining operation generating significant royalty
income for SITLA.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
On Behalf of the Board of Directors
SOPERIOR FERTILIZER CORP. “Andrew Squires”
CEO and Director
Contact InformationPhone:
(403)-850-0422E-mail inquiries:
info@SOPeriorfertilizer.comwww.SOPeriorfertilizer.com
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate
to future events or future performance and reflect management's
current expectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the
Company. Investors are cautioned that these forward-looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and by
those made in our filings with SEDAR+ in Canada (available at
www.sedarplus.ca).
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