![]() All statements that address operating performance or events or developments Torchlight expects or anticipates will occur in the future, such as stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. ![]() All statements in this release that are not based on historical fact are 'forward looking statements.' These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. ![]() This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the 'safe harbor' created by those sections. For additional information on Torchlight, please visit Forward-Looking Statement Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. is expected to close before the end of June. Holders of Series A Preferred Stock will be entitled, on a pro rata basis, to any future net proceeds or other potential benefits derived from the disposition of the oil and gas assets of Torchlight, subject to certain holdbacks. Stockholders of record on June 24, 2021, will be entitled to receive the dividend which will consist of one share of Series A Preferred Stock for each one share of common stock owned on that date (subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid). This Special Dividend is to be issued in connection with the previously announced business combination transaction with Metamaterial, Inc. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced that it has declared a Special Dividend of Series A Preferred Stock to be issued on a one-for-one basis to Common Stockholders of Record as of the close of market trading on J(subject to adjustment for any reverse split of Torchlight's common stock after the record date but before the dividend is paid). Tesla could be using meta materials in their batteries.PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc. Meta Material and Tesla's R&D battery team are located at the same exact address in Nova Scotia, Canada.Tesla uses top of the revolutionary tech, of course they would want to incorporate meta materials in anyway they can to improve their vehicles. ![]() Probably because he thinks its funny, well a few weeks ago he had his twitter bio as "meta fork" nobody knows why, but I believe it is a "Metaphor" for Meta Material ) Elon Musk always tweets cryptically about crypto and stocks that are going up.Huge thanks to Alpha Status Stocks on YouTube for bringing light to this. I am so bullish on TRCH and the dip after this market pullback is a gift. Well anyways there are rumors circulating that Tesla is working with Meta Material, here is some reasons why. Meta Material is a company that makes meta materials, and I do believe they are the only company in the world making them.
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