NoHo announces it has executed a binding purchase agreement to acquire a controlling 51% interest in the Alvarado Gold Mine, located in Arizona.
The Alvarado Gold Mine comprises seven unpatented mining claims and twelve patented claims. Immediate opportunities exist to commence gold leaching operations utilizing previously mined ore, which has not yet been processed. The Company anticipates beginning these activities within two to three weeks and expects to generate initial revenue as soon as September.
"This acquisition marks the first step in executing NoHo's broader growth strategy," commented Anthony Anish, CEO of NoHo, Inc. "We are delivering on our business plan and expect to close additional strategic transactions in the near future. We remain committed to keeping our shareholders informed as developments occur."
NoHo is transforming into a diversified global holding company with interests spanning mineral resources (including mine operations in California and Arizona), and minority holdings in an AI company.
