Bioforce acquires Nevada oil leases
Analysis based on 6 articles · First reported Jul 15, 2026 · Last updated Jul 20, 2026
This event is a small-scale corporate development with limited market impact. Bioforce is a micro-cap company, and the leases are in early exploration stage with no proven reserves.
Bioforce Nanosciences Holdings, Inc. (OTC: BFNH) announced that the U.S. United States — Bureau of Land Management (BLM) has approved the assignment of eleven federal oil and gas leases covering approximately 20,000 acres in United States — Nevada's White River Valley. The company plans to commence exploration and development activities, including geological studies, drilling, and infrastructure construction. Bioforce has engaged Ryder Scott, an independent petroleum engineering firm, to develop a resource calculation and confirm net present value of any identified reserves. The company also plans to retain a PCAOB-registered auditor if economic resources are confirmed. Interim CEO and CFO Richard Kaiser expressed optimism about the opportunity.
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