Clean Commodities Corp. Announces Zeolite Acquisition; East Coast Zeolite Market Consolidation Strategy
VANCOUVER, BC--(Marketwired - July 07, 2017) - Clean Commodities Corp. (TSX VENTURE: CLE) ("Clean Commodities" or the "Corporation" or "CLE") is very pleased to announce the acquisition of the Ogilvie Quarry Zeolite Project located in Nova Scotia, Canada, and the subsequent announcement of a zeolite acquisition strategy.
"The Ogilvie Quarry Zeolite Project represents our inaugural acquisition into a commodity which we believe offers significant growth potential for agricultural and clean-tech opportunities.
We have reviewed the recent domestic incumbents and concluded that their interior-British Columbia market model ignores the practical reality of the historic association of zeolites to aggregate and thus the criticality of focusing on zeolite projects and zeolite deposits close to end-consumers. By engaging a first-mover strategy to secure the east-coast zeolite market, we believe that Clean Commodities Corp. is well-positioned to access a larger population base and superior manufacturing market with unmatched growth attributes.
Furthermore, Nova Scotia's zeolites have historically attracted global attention. As a consolidator within the zeolite market, Clean Commodities Corp. is pleased to commence our zeolite strategy by way of the acquisition of the Ogilvie Quarry Zeolite Project. It is our intention to rapidly scale our zeolite asset base, zeolite exploration and zeolite marketing efforts. Zeolites are well-suited to our platform and offer excellent scale potential. We are very excited to provide further near-term updates as it concerns the potential of our Nova Scotia zeolite project, our broader zeolite exploration plans and our future zeolite acquisition activities," stated Ryan Kalt, Chief Executive Officer of the Corporation.
About The Ogilvie Quarry Zeolite Project
The Ogilvie Quarry Zeolite Project consists of four contiguous mineral claims containing sixteen historic drill holes by C2C Mining Corp. The project area was originally identified by Mr. Ian Booth in the 1990's, prior to emergence of potential new agricultural markets. Historic exploration identified a high cation exchange capacity (CEC) zeolite prospect. Zeolite-infilled amygdule volumes were reported by the past operator.
Interested parties are encouraged to review the applicable, publicly-filed, third-party assessment report made available by the Government of Nova Scotia on the Ogilvie Quarry tenure and accessible by courtesy of the following link:
http://ow.ly/AdcR30dqzET
The Ogilvie Quarry Zeolite Project was acquired by the Corporation through an arm's length exploration services company at a cost equating tenure plus a three percent production royalty.
The Corporation cautions that any historic work or estimates associated with the Ogilvie Quarry tenure should not be relied upon.
About Clean Commodities Corp.
Clean Commodities Corp. (TSX VENTURE: CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including uranium, lithium and cobalt projects. For more information, please visit www.cleancommodities.com.
Signed,
Ryan Kalt, Chief Executive Officer
Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Ryan Kalt
Chief Executive Officer
604-652-1710
info@cleancommodities.com
www.cleancommodities.com