Beneath the South American country's highland salt flats, reached by winding mountain roads, is buried the world's third-largest reserve of the ultralight battery metal, which has seen a price spike over the past year on the back of a global push towards greener modes of transport.

The mine comes with a great history of production, including a large tailing pond with a geomembrane, containing up to 10 million tons of material, which would be studied at the same time that the colluvial site would be developed. During this phase, studies would be conducted on the primary hard rock vein structures in the area.

The second Bolivian mining concession, commonly known as La Joya, includes a land area of approximately 2700 hectares. All rights and privileges for the mineral resources to be found within this concession have been formally transferred to Cooperative Minera aurifera Nueva La Joya Ltda. Presently, the Cooperative is producing 200 tons of ore per day, and this processing rate is anticipated to increase based on the plant upgrade design requirements and is supported by the required capital investments received.

Guanay and the nearby town of Tupuani are at the end of El Camino del Oro from Sorata. This region is well known for the quantity of gold it has produced and still is producing as well as for the characteristics of the deposit. Records of gold mining in the area go back as far as into the period of the Incas.

A joint mining operation agreement has been signed between Franklin Mining Bolivia, a fully owned branch of Franklin Mining Inc. Incorporated and existing under the laws of the Plurinational State of Bolivia, and the Sergio Vacarreza Salazar concessionaire of the INCA SAYAÑA area, shafts and addits located within the mining concession LA JOYA, hereinafter called INCASAYAÑA.

The Gold District of the Mapiri River basin is made up of secondary basins, all of which are born on the amazonian slope of the Andes in the Apolobamba mountain range. Important outcrops of snowy mountains are known, such as Usipala, Cololo, Akamani among others, where gold mineralized areas are located. Gold placers that have been exploited prior to the colonial era, such as the Mollo civilization, mines of Iscaibamba, Tiawanaku, Aymara, and others, along with Spanish and Colonial mining endeavors provide the first indicator for a potentially viable area.