UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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.
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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 | ||
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