Current Report Filing (8-k)
30 November 2021 - 5:13PM
Edgar (US Regulatory)
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2021-11-24
2021-11-24
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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): November 24, 2021
STANDARD
METALS PROCESSING, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-14319
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84-0991764
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification
No.)
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611 Walnut
Street, Gadsden, Alabama 35901
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(Address of principal executive
offices)
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(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:
☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
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Trading Symbol(s)
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Name of each exchange on which registered
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Item
1.01 Entry into a Material Definitive Agreement.
On
November 24, 2021, Standard Metals Processing, Inc. (the “Company”) executed a letter of intent to acquire a controlling
interest in Sustainable Metal Solutions, LLC (“SMS”). Definitive terms of the acquisition are still in negotiations and are
subject to due diligence. 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. The Company and SMS previously agreed to form a joint venture into which the Company was to contribute the solar energy rights
attributable to its 1,086 acres in exchange for SMS’s agreement to develop, manage and underwrite the venture.
Item
8.01 Other Events
The
Company was notified that its majority shareholder, Granite Peak Resources, LLC executed definitive documents on November 29, 2021 with
Stephen Flechner to acquire his judgment against the Company.
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: November 30, 2021
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Standard Metals
Processing, Inc.
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By:
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/s/
Sharon Ullman
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Sharon
Ullman
Chief
Financial Officer
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2
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