Arvana and Luxcor mutually terminate LOI to acquire Arizona gold property

ARVANA INC

Mutual termination of non-binding LOI signed June 28, 2023, announced July 7, 2023.
Termination due to mutual reassessment of financial considerations; no penalty or dispute.
LOI covered mining claims, permits and equipment for gold processing in La Paz County, AZ.
Company states termination does not impact growth strategy or ongoing operations.

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