other material
confidence high
sentiment neutral
materiality 0.55
Bioforce Nanosciences receives BLM approval for 11 oil & gas leases on ~19,957 acres in Nevada
BIOFORCE NANOSCIENCES HOLDINGS, INC.
- BLM approved assignment of 11 federal oil and gas leases covering ~19,957 acres in White River Valley, Nye County, Nevada.
- Leases have 10-year primary terms with automatic extensions if production occurs; 12.5% royalty to US government.
- No proven reserves or pilot wells drilled; company plans exploration including 3D seismic and drilling.
- Leases assigned from Natural Minerals Trust, LLC, controlled by majority shareholder Nexus Capital Investments.
- Company intends to seek strategic partnerships or joint ventures to share capital costs.