Zadar Ventures and Flowback Solutionz Amend MOU to Incude Lithium Production Water Remediation
Vancouver, Sept 26, 2017 - Zadar Ventures Ltd. (the "Company") is pleased to announce that it has amended the MOU with FlowBack Solutionz Inc, a Canadian oil well waste water treatment company, to test their innovative proprietary technology for the purpose of cleaning Lithium production waste water. Flowback Water Solutionz Canada is a water technology innovation company incorporated in 2013. The company currently provides turn-key solutions for oil/water separation, H2S removal and tailing pond remediation using its patented Flowback NanoBubblerTM technology. The company specializes in innovative solid separation, electrocoagulation and gas infusion technologies for the oil & gas, mining, industrial and construction industries. In August 2016, Flowback completed a 30 day commercial trial using their patented technology with a tier one producing oil and gas company in Alberta to remove H2S from sour water to non-detect status without the use of chemicals. They are now preparing a proposal for a commercial scale unit to run at 1000 to 1500 cu3 per day of flowback water. It will allow the Oil Company not only to save on trucking and disposal fees but also the possibility to recycle the water.
All Lithium production requires the use of a substantial amount of water. The treatment of this water is a major ongoing issue and concern as it has to meet strict remediation requirements to be allowed back into the environment.
The Company acknowledges it may not ever close this transaction but continues to work with Flowback Solutionz to complete testing and enter into a definitive agreement.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Tommasi,
Chairman
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Copyright (c) 2017 TheNewswire - All rights reserved.