BASANITE INC. SIGNS TERM SHEET WITH EASTMAN MINERALS FOR PROPOSED $2 MILLION INVESTMENT IN SOMALILAND GOLD PROCESSING PROJECT

The Somali American Minerals Company Advances $400,000 Bridge Deposit; Company Targets Closing Within 30 Days NEW HAVEN, Conn., June 30, 2026 /PRNewswire/ -- Basanite Inc. (OTCQB: BASA) ("Basanite" or the "Company") today announced that it has executed a term sheet with Eastman Minerals...