SEBOYETA, N.M. – American Future Fuel Corporation is a Canadian- based company that is purchasing/leasing land in Cibola County in an effort to jumpstart uranium mining in the area. Seven nuclear power generators will be restarted by the coming summer, increasing demand for uranium.
The company has already stated that it is looking to begin drilling operations in the Seboyeta area early next year. To help them secure clients, AFF is teaming up with a marketing company called “Promethean Marketing” that will help them get information to investors and potential corporate clients.
The agreement with Promethean is a partnership to the tune of $200,000 for thirty days of service. The news release comes as the Cibola Citizen is alerted by Cibola community members that AFF CEO Luke Montaine is under investigation by Alberta Securities Commission for making “misleading statements that would reasonably be expected to have a significant effect on the market price or value” while working with Rodman Investment Corps.
Read the release yourself below: American Future Fuel Corporation applauds Japan's renewed energy policy, and its initiative that would see the restart of seven nuclear reactors across the country by the summer of 2023.
In a major reversal in the country's energy policy last month, the Japanese government is set to restart nuclear power plants that have remained idle since the 2011 Fukushima disaster and is also interested in expanding investments in nextgeneration plants. Following the government's anouncement, Japanese broadcaster NHK commissioned a survey that suggests that half of Japan's population supports the initiative to expand nuclear power, with 48% of the respondents supporting Japanese Prime Minister Fumio Kishida's plan of developing next-generation nuclear reactors as a reliable, clean energy power source in the country. The survey came two weeks after Prime Minister Kishida announced plans to examine the construction of new plants that would reverse more than a decade's energy policy following the Fukushima disaster, and efforts to eliminate nuclear in the country. The restart of seven nuclear reactors across the country by the summer of 2023 would bring the total number of operating power units in Japan to 17. The Company also wishes to announce that it has engaged Promethean Marketing, Inc. ('Promethean'), and its President, William Kaitz, both arm's length parties to the Company, to perform certain corporate marketing and investor awareness services for the Company commencing on October 20, 2022. Promethean intends to work with the Company to provide advertising, corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (collectively, the 'Services'). In consideration for providing the Services, the Company has agreed to pay to Promethean $200,000 towards a digital marketing budget for a period of three months or the exhaustion of the Initial Media Deposit. Payments to Promethean will occur at the end of each month after the applicable Services are rendered, and the amount paid each month will be based on the Services that are rendered in such month. After the expiry of the Term, the Agreement will continue on a month-to-month basis thereafter unless terminated by either party. The Agreement may be terminated at the discretion of either party at any time upon thirty (30) days' written notice.
Consideration offered to Promethean does not include any securities of the Company. Aside from this engagement, the Company does not have any relationship with Promethean and William Kaitz.