Fortium Holdings Corp.
FRTM
Other OTC1.40
USD
+0.06
- -
Fortium Holdings Corp.
FRTM
(Other OTC)
Recent
price
1.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fortium Holdings Corp. (OTC: FRTM) operates as an oil and gas exploration and production company focused on developing mature oilfields through vertically integrated operations including drilling, production, and workover projects. The company offers core services in oil and gas extraction, primarily targeting over 30,000 acres of active mineral leases in Louisiana and Mississippi via its key subsidiary White River Operating LLC; it provides production enhancement techniques such as paraffin removal, artificial lift installation, and well monitoring with plans for rig expansions. Founded in 2021 and headquartered in Fayetteville, Arkansas, Fortium serves the U.S. onshore energy market with emphasis on operational efficiency in the Gulf Coast region. In September 2022, the company rebranded from Fortium Holdings Corp. to White River Energy Corp. following shareholder approval, divested its cannabis subsidiary Elysian Premium Corp. and retail sporting goods subsidiary Norr LLC to streamline focus on energy, and completed a reverse merger acquisition of White River Holdings Corp. from BitNile Metaverse Inc. (formerly Ecoark Holdings Inc.) in July 2022 for $3 million to bolster its lease portfolio; more recently, it reported a 500% oil production increase at the Deshotel Well in Louisiana through a successful workover.
White River Energy and BitNile Holdings' Subsidiary, Ault Energy, Successfully Complete Drilling Project in Holmes County, Mississippi