Franklin Mining, Inc. announced that Joint Venture signed with SOCRAM Energia S.A.to develop a lithium mine in Northern Argentina. The mine would be developed in a region known as the Lithium Triangle, which contains more than 75% of the world's known supply of lithium. Franklin Mining would develop one mine in three stages; stage one would undertake 1,458 hectares, stage two would process 2,366 hectares, and the final stage would extract 1,409 hectares of lithium.

Franklin Mining plans to corroborate the preliminary studies prior to breaking ground on the new lithium project. First, the lithium will be extracted as raw material in order to be sold to potential end buyers.