Current Report Filing (8-k)
January 11 2022 - 12:23PM
Edgar (US Regulatory)
0000773717
false
0000773717
2022-01-10
2022-01-10
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 10, 2022
STANDARD METALS PROCESSING, INC.
(Exact name of registrant as specified in its charter)
|
Nevada
|
|
000-14319
|
|
84-0991764
|
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification
No.)
|
|
611 Walnut Street, Gadsden, Alabama 35901
|
|
(Address of principal executive offices)
|
(888) 960-7347
Registrant’s telephone number, including
area code
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following
provisions:
|
|
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities
registered pursuant to Section 12(b) of the Act:
|
Title of each class:
|
|
Trading Symbol(s):
|
|
Name of each exchange on which registered:
|
|
N/A
|
|
N/A
|
|
N/A
|
Item 1.01 Entry into a Material Definitive Agreement.
On January 10, 2022, Standard Metals Processing,
Inc. (the “Company”) executed a definitive agreement to acquire a controlling interest in Sustainable Metal Solutions, LLC
(“SMS”). Closing of the acquisition of SMS is subject to due diligence. The purchase price for the controlling interest of
SMS will be determined based on the price of SMPR common stock on the date of Closing, such date to be decided by the Parties in good
faith after all conditions precedent are met. The Company will file a registration statement with the Securities and Exchange Commission
(“SEC”) covering all shares of common stock issued in connection with this transaction. SMS is an American multi-company environmental
development platform focused on producing carbon neutral precious metals and minerals thereby driving American mineral independence while
revitalizing the environment and minimizing the impacts of climate change.
Item 8.01 Other Events
Granite Peak Resources, LLC has acquired the judgment
previously held by Stephen Flechner against the Company. Such acquisition is final and was paid in full on January 10, 2022. All requisite
judicial assignment documents to effect this transfer and assignment have been or in the process of being filed.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Dated: January 11, 2022
|
Standard Metals Processing, Inc.
|
|
|
|
|
|
|
By:
|
/s/ Sharon Ullman
|
|
|
|
Sharon Ullman
|
|
|
|
Chief Financial Officer
|
2
Standard Metals Processing (QB) (USOTC:SMPR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Standard Metals Processing (QB) (USOTC:SMPR)
Historical Stock Chart
From Jul 2023 to Jul 2024
