- CEO
- William A. Petty
- Full Time Employees
- 2
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 318 North Carson Street Carson City NV United States of America 89701
- IPO Date
- Nov 16, 1994
- Business
- Franklin Mining, Inc. (FMNJ) is a mining and exploration company that acquires, develops, and operates mineral properties focused on precious and non-ferrous metals, including gold, silver, lead, zinc, copper, and potentially lithium. The company explores and extracts these metals through joint ventures and concessions, with core assets encompassing the Franklin Mines and Franklin Mill near Idaho Springs in Clear Creek County, Colorado, featuring exclusive rights to approximately 51 mining claims (28 patented) for gold, silver, lead, and zinc production via crushing and flotation processing; the La Joya mining concession in Bolivia for gold and other precious metals; the Madre de Dios Area, Ch-Mine, and Los Totems projects in Peru; and gold recovery operations from the Yuyo Riverbed and tailings at the Rio Crystal (Yuyo) concession in Bolivia's Mapiri River basin gold district. Franklin Mining, Inc. maintains a supervisory role in operations, partnering with local operators and cooperatives to optimize resource extraction using low-cost, innovative technologies while emphasizing environmental preservation, safety, and community development; it serves mining industry stakeholders, including investors and local partners, across North and South America.
Geographically, the company operates primarily in the United States (Colorado), Bolivia, and Peru, with headquarters in Carson City, Nevada, and an office in Santa Cruz, Bolivia. Founded in 1864 as a Colorado exploration and mining entity originally known as Franklin Mining and Mill Co., it evolved through historical interruptions during World Wars I and II, resumed limited activities post-Great Depression, and restructured under Franklin Consolidated Mining Co., Inc. in 1976 before adopting its current form; it was formerly known as WCM Capital, Inc.
Recent developments include a joint venture with Rockin' G Gold LLC for gold recovery at the Yuyo concession in Bolivia, enhancing processing capacity, material handling, and daily production through tailings reprocessing; a partnership with Cooperativa Minera Rio Cristal RL to expand recovery efforts and community contributions; SEC approval of Form 1-A to raise up to $10 million for lithium mining development across 1,600 hectares in Argentina's Lithium Triangle; a joint venture with Meteor Minerals (Chile) to deploy eco-friendly Mineral Nanotechnology for improved gold and lithium recovery without toxic chemicals; and ongoing equipment upgrades and machinery arrivals at Bolivian sites like Rio Crystal to advance production readiness.