BoxScore Brands, Inc. decided to make some corporate changes in some areas such as their working Capital and Grant Projects, engineering and drilling, and more.
The company U.S.-based, works with renewable energy. They focused on extracting, refinering, manufacturing, They are also distributing precious technical minerals.
“On behalf of all of us at BoxScore Brands, I would like to sincerely thank our shareholders for their patience. We have spent a tremendous amount of time working and relationship building. That is why would like to ensure that our business plan and corporate structure have solid foundations for future growth. We are very excited about the company’s future,” stated Andrew Boutsikakis, CEO of BoxScore.
The BoxScore Brands updates areas
Working capital and Grant projects: The company is now exploring the funding recourses available. It could be for suitable government or/and federal funding. A corporate announcement will be issued once any funding project is secured.
Engineering and Drilling: The Company received a preliminary report from Peel Consulting, a consulting firm, whit important information. They have a substantial indication of that lithium mineralization.
Also, there is evidence from other valuable minerals such as potassium, magnesium, calcium chloride, bromine, and boron. All of those can be recovered from the Lisbon Valley brines. The company is now having conversations with Geotech engineering firms to retain one of these elite organizations within 30 days.
Once BoxScore selects its new engineering partner, they will plan and execute the operations. The main objective is to enter into the potential lithium and minerals/metal wells.
Strengthening Balance Sheet: The Company inherited a balance sheet with expensive debt in convertible promissory notes. As of right now, the current management has successfully eliminated all the variable-rate notes as a result.
Name Change and Website Update: The Company is now exploring the possibility of a change of name. The objective is to reflect their branding initiatives and business model better. The company website will also be updated with additional information and content. It will include the company’s business model, investors relations, management, corporate news, financials, stock information, and SEC filings.
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“As stated in our February 14th news release, we deeply focused on developing and advancing our Lisbon Valley Lithium Brine Project. It is an addition to other corporate and collaborative opportunities in our goal of delivering significant, long-term value to our shareholders. Rest assured, we will provide timely, informative updates regarding any material developments utilizing the proper distribution channels. It will include national financial newswires, our company website, and our filings with the Securities & Exchange Commission. We must maintain the principle of full public disclosure. We will not hesitate to provide any new information to our shareholders and the market as soon as possible,” added Boutsikakis.
