Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets
MTI(MTX) prismmediawire.com·2024-05-22 20:58
Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets Divestiture includes five non-core or under-performing propertiesJACKSBORO, TEXAS, May 22, 2024 – Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced that, on May 21, 2024, it sold five non-core lower performing assets for $140,000 to a private buyer.“This is a great example of responsibl ...