Tipmefast, Inc. (OTCPK:TMEF) signed a letter of intent to acquire certain graphite mine assets La Misa mine and gold mines referred to as Rosali and El Tambor on December 19, 2024. As a part of acquisition, a new dedicated subsidiary is being created called Lucent Materials which represents our vertical integration strategy to become a player in the battery materials supply chain while maintaining exposure to precious metals through our gold operations. The Company plans to consolidate these assets under a new subsidiary, Lucent Materials, positioning itself to meet growing demand in both the battery materials and precious metals sectors.
Subject to customary closing conditions, the acquisition is expected to close in the first quarter of 2025.