Schmitt industries enters into term sheet with proton green

Term sheet for reverse takeover transaction for one of the leading helium and hydrogen production and carbon sequestration hubs in north america portland, ore. , july 20, 2022 /prnewswire/ -- schmitt industries, inc. (nasdaq: smit) (the "company" or "schmitt") today announced that it entered into a non-binding term sheet ("term sheet") which contemplates the reverse merger ("merger") with proton green, llc ("proton green") and the spin-off of schmitt's ample hills business (the "spin-off").
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