Mining Corporation (OTCMKTS:FMNJ) Stock Rallies After Investors Update

Franklin Mining Corporation (OTCMKTS:FMNJ) started the week off by sending out a letter to investors in which the company enumerated the company’s aims and prospects.

Letter to Investors re Franklin Mining Inc. ( FMNJ )

The letter, which was sent out by Martin Arostegui, the Director of Risk Analysis at the company, started off by noting that there were still significant opportunities in the global mining space and Franklin Mining Corporation was one of the few companies in America which was making a move into many of those mineral-rich regions. It was noted that the company had made a move into the exploration and extractive project for lithium, copper, and gold in the South American central Andes. The region boasts of holding 50% of the world’s rare earth minerals.

It was further noted that a number of factors had contributed to creating considerable demand for these commodities. The demand from the tech space, the transition to renewable energy, shortages brought about by the Ukraine war, inflation, and the dwindling strength of the US Dollar as a reserve currency are some of the factors that led to the situation. The company operates two gold mines in Yoko province in Bolivia, which produced 4.2 tons of gold last year. Additionally, the company is also looking to acquire zinc and antimony mines.