THETFORD MINES, QC,
Dec. 4, 2017 /CNW Telbec/
- Mazarin Inc. (MAZ.H) and subsidiary Asbestos Corporation
Limited (AB.H) have entered into a partnership with KSM Inc. Under
the terms of the agreement by which Asbestos Corporation becomes a
shareholder of KSM, the latter will have access to certain metals
contained in the chrysotile tailings.
A newly-formed company based in Thetford Mines, KSM Inc. is focusing its
efforts on developing a patented process to produce fertilizers.
This new technology was acquired from Dundee Sustainable
Technologies in exchange for cash and an ownership stake in KSM and
is based on the utilization of low cost potash, sulfuric acid and
metals contained in chrysotile tailings for the production of
high-end, sulphate-based fertilizers.
"We are pleased that KSM has obtained a $125,000 grant from the Quebec Government as part
of a $250,000 financing round", said
Mr. John LeBoutillier, President of
both companies. "These funds will be used by KSM to produce
fertilizers at the pilot scale and to perform tests in the field
and in greenhouse farms".
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Mazarin Inc.