Franklin Mining Inc. (FMNJ.PK) Tuesday said it completed the sale of all energy assets to a newly formed oil and gas company that would keep the name Franklin Oil & Gas, Inc. In exchange for all Franklin Mining energy assets, the company would receive a minimum 20 million shares from the newly formed company's initial issue.
The company added that the newly formed Franklin Oil & Gas, Inc. would initially focus on development of the Texas oil properties while pursuing further negotiations on gas-to-liquid, oil and hydroelectric projects in South America.
For comments and feedback contact: editorial@rttnews.com
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.