Soperior Fertilizer Provides Update On Lease Renewal
Toronto, June 14, 2024 - 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 Information
Phone: (403)-850-0422
E-mail inquiries: info@SOPeriorfertilizer.com
www.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).