{"url_path":"/sec/bfnh/8-k/2026-07-01/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 VOLUNTARY DISCLOSURE OF OTHER EVENTS**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1310488/0001091818-26-000087-index.html","accession_number":"0001091818-26-000087","cik":"0001310488","ticker":"BFNH","issuer_name":"BIOFORCE NANOSCIENCES HOLDINGS, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1310488/0001091818-26-000087-index.html","primary_entity_key":"0001310488","primary_entity_name":"BIOFORCE NANOSCIENCES HOLDINGS, INC."},"word_count":714,"has_tables":true,"body_markdown":"**ITEM 8.01 – VOLUNTARY DISCLOSURE OF OTHER EVENTS**\n\n \n\nOn June 5, 2026 Bioforce Nanoscience, Inc. ( “Bioforce” or\n“BFNH”) received an assignment of federal oil and gas leases covering approximately 19,957 acres of land located in the White\nRiver Valley, Nye County, Nevada (collectively, the \"Nevada Leases\") from Natural Minerals Trust, LLC, a Delaware limited liability\ncompany , which is controlled by Nexus Capital Investments, Inc., the Company's majority shareholder (\"Nexus\"). The assignment\nis pending approval by the United States Bureau of Land Management (\"BLM\").  There is no assurance that this approval will\nbe granted.\n\n \n\nThe Nevada Leases consist of eleven (11) federal oil and gas leases located\nin the Great Basin and Range in Nye County, Nevada. The Great Basin is a foreland basin, and its producing formations are mostly from\nthe Devonian and Mississippian Ages. Chainman Shale Formation is the main source rock (up to 9% TOC – Total Organic Carbon) and\nhas good thermal generation windows following depositional episodes that filled the White River Valley with multiple structural traps.\nThe leases target prospective hydrocarbon-bearing formations, including but not limited to the Chainman Shale Formation, Pilot Shale,\nEly Limestone Formation, Guilmete Dolomite Formation, Simonson Dolomite Formation and Joana Limestone Formation. These formations have\ndemonstrated commercial oil and gas production in analogous wells operated by third parties in the immediate vicinity of the Nevada Leases.\n\n \n\nThe Nevada Leases have primary terms ranging from 10 years, with automatic\nextensions (“held by production”) for as long as oil or gas is produced in paying quantities. If the transfer of the leases\nis granted, the Company will be obligated to pay the United States federal government a royalty of 12.5% of gross production revenues,\nin accordance with standard BLM lease terms. However, no proven reserves have been established, and no pilot wells have been drilled.\nAccordingly, there is no assurance that we will be able to develop productive oil and gas operations from the land covered by these Nevada\nLeases.\n\n \n\nIf the assignment of the Nevada leases is approved, the Company intends\nto commence development activities on the Nevada Leases, which may include:\n\n \n\n- Additional geological and geophysical studies, including 3D seismic surveys;\n\n- Drilling of initial exploratory and development wells;\n\n- Completion and production testing of wells;\n\n- Construction of gathering systems and production infrastructure;\n\n- Evaluation of strategic partnerships, joint ventures, or farm-out arrangements to accelerate development and share capital costs and\ntechnical risk.\n\n \n\nOn July 01, 2026, Bioforce engaged Ryder Scott, a leading independent petroleum\nengineering firm, to provide expert advice on the potential development of our lease claims. BFNH anticipates that, with these engineers'\nassistance, the Company could develop reserve evaluations to guide BFNH’s exploration efforts, reinforcing the Company’s dedication\nto transparency regarding the overall potential of these claims.\n\n \n\nThe Company previously announced a strategic pivot from vitamin supplement\noperations to oil and gas exploration and production. Ownership of the Nevada Leases and the Company’s plan to explore and produce\noil and gas are our first steps in this transformation.\n\n \n\nCertain statements contained in this Current Report on Form 8-K are forward-looking\nstatements and are based on future expectations, plans and prospects for BFNH’s business and operations that involve a number of\nrisks and uncertainties.  BFNH’s forward-looking statements in this report are made as of the date hereof, and the Corporation\ndisclaims any duty to supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments,\nchanged expectations or otherwise.  In connection with the “safe harbor” provisions of the Private Securities Litigation\nReform Act of 1995, the Corporation is identifying certain forward-looking information regarding the Company 's business. Actual events\nor results may differ materially from those contained in these forward-looking statements.  Important factors that could cause future\nevents or results to vary from those addressed in the forward-looking statement include, without limitation, risks and uncertainties arising\nfrom the ability of BFNH to successfully implement its business plan; uncertainties relating to the ability to realize the expected benefits\nof the business; unanticipated or unfavorable regulatory matters; general economic conditions in the region and industry in which BFNH\noperates, and other risk factors as discussed in the BFNH’s other filings made by the Corporation from time to time with the United\nStates Securities and Exchange Commission.\n\n \n\n -2-"}