Vivakor Announces Royalty Lease of Precious Metals Mining Claim
March 11 2014 - 10:15AM
Marketwired
Vivakor Announces Royalty Lease of Precious Metals Mining Claim
HENDERSON, NV--(Marketwired
- March 11, 2014) - Vivakor Inc. (PINKSHEETS: VIVK) announces that the Company
has entered into a Land Lease Agreement with National Reserves
Mining Statutory Trust (NRMST) of Minnesota.
Vivakor is enthusiastic to reveal a Royalty Lease arrangement
spanning ten (10) years with a potential value to Vivakor of Fifty
Million ($50M) dollars over that period. NRMST and its experienced
team led by Trustee, Kevin O'C Green, are projecting revenues
during that period that could result in substantial increases
beyond the stated numbers. The extraction process utilized by NRMST
enables reclamation of the processed soil keeping in line with
Vivakor's eco-friendly position on operating practices. This
specific Vivakor precious metal claim located in Arizona covers an
area of over 160 contiguous acres.
Matt Nicosia, Vivakor's CEO, stated, "We are extremely pleased
to offer one of our precious metals claims for lease to an
experienced NRMST team. Our mining claims have tremendous value and
we look forward to the results NRMST delivers to Vivakor and its
shareholders."
ABOUT VIVAKOR, INC. Vivakor, Inc. is an asset acquisition
company that develops and acquires assets that generate revenue
currently or in the near term. The Company acquires technologies
and assets in the fields of precious minerals, biotechnology, and
alternative energy. We have several mineral assets that have
great value and both create a cash flow and a long term revenue
stream for the Company. We have effectively acquired positions
in other Green Energy companies. We have several operating
assets that produce revenues and cash flow to the company. Our
business model is to acquire cash-flowing or near term
cash-flowing mineral and or technology assets that meet an
identified need or present a substantial market opportunity with a
significant market. For more information please visit
www.vivakor.com.
FORWARD-LOOKING STATEMENTS This press release may contain
forward-looking statements, including, but not limited to,
statements regarding Vivakor's products and their related market
potential. Forward-looking statements may be identified by the use
of the words "anticipates," "expects," "intends," "plans,"
"should," "could," "would," "may," "will," "believes," "estimates,"
"potential," or "continue" and variations or similar expressions.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to, risks and
uncertainties discussed in Vivakor's filings with the Securities
and Exchange Commission, which factors are incorporated herein by
reference. Readers are cautioned not to place undue reliance on any
of these forward-looking statements. Vivakor undertakes no
obligation to update any of these forward-looking statements to
reflect events or circumstances after the date of this press
release or to reflect actual outcomes.
Contact: Vivakor Investor Relations (949) 281-2606
irpr@vivakor.com