CVW CLEANTECH INC. “Canadian entrepreneurs are leading the global stage in developing sustainable solutions for a more sustainable future. With Titanium’s leadership in the circular economy, we will see a new minerals industry created from waste and reduce the environmental footprint of the oil sands.”
“We wish to thank SDTC for their continued support toward commercialization of our CVW™ sustainable technology. SDTC was a significant supporter in the past during the demonstration piloting phase of our technology development,” commented
“Our Government is proud to support Canadian cleantech companies like
Titanium has also been awarded funding for the CVW™ Horizon project by Emissions Reduction Alberta, NRCan’s Clean Growth Program and Environment and Climate Change Canada’s Low Carbon Economy fund.
About
Titanium's CVW™ technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry. Our technology reduces the environmental impact of oil sands froth treatment tailings while economically recovering valuable products that would otherwise be lost. CVW™ recovers bitumen, solvents, heavy minerals and water from tailings, preventing these commodities from entering tailings ponds and the atmosphere: volatile organic compound and greenhouse gas emissions are materially reduced; hot tailings water is improved in quality for recycling; and residual tailings can be thickened more readily. A new minerals industry will be created commencing with the production and export of zircon and other titanium-based minerals. The Company's shares trade on the TSX-V under the symbol "TIC". For more information please visit the Company's website at www.titaniumcorporation.com.
About SDTC
Sustainable Development Technology Canada (SDTC) helps Canadian companies develop and deploy competitive, clean technology solutions, to help solve some of the world’s most pressing environmental challenges: climate change, clean air, clean water and clean soil. By taking a cross-
Disclosure regarding forward-looking information
This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, "forward-looking information") that reflect the current expectations of management about the future results, performance, achievements, prospects or opportunities for Titanium. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "believe", "project", "should" or "continue" or the negative thereof or similar variations. Forward-looking information, by its very nature, is subject to inherent risks and uncertainties and is based on many assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking information and that our business outlook, objectives, plans and strategic priorities may not be achieved. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things: the ability of the Company to successfully negotiation a PFA with SDTC on terms acceptable to the Company or at all; the anticipated timing for the commencement of the SDTC funding; the ability of the Company to meet the required conditions to the SDTC funding that will be required under the PFA; the condition of the global economy, including trade, public health (including the impact of the COVID-19 pandemic) and other geopolitical risks; the stability of the economic and political environment in which the Company operates; the success of the detailed engineering phase of the Project; the ability of the Company to enter into commercial contracts with oil sands producers and to achieve commercialization of the CVW™ technology; the ability of the Company to enter into commercial contracts with other strategic partners in relation to building and operating facilities, as required; the ability of the Company to retain qualified staff; the ability of the Company to obtain financing on acceptable terms, including additional available grant and financing opportunities from government programs and finalizing funding agreements for such government programs; the translation of the results from the Company's research, pilot programs, project activities and studies into the results expected on a commercial scale; future oil and zircon prices and the impact of lower prices on activity levels and cost savings of oil sands producers; the impact of increasing competition; the ability to protect and maintain the Company's intellectual property; currency, exchange and interest rates; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which the Company operates; and the ability of the Company to successfully market its CVW™ technology. As a result, we cannot guarantee that any forward-looking information will materialize and we caution you against relying on any of this forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information.
Additional information on these and other factors are disclosed in our most recently filed management's discussion and analysis, including under the heading “Discussion of Risks”, and in other reports filed with the securities regulatory authorities in
Neither the
For further information, contact:Scott Nelson President & CEO (403) 561-0439 snelson@titaniumcorporation.comJennifer Kaufield Vice President Finance & CFO (403) 874-9498 jkaufield@titaniumcorporation.com
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