The payment is with respect to 2020 joint project costs totaling
About
Titanium's CVW™ technology provides sustainable solutions to reduce the environmental footprint of the oil sands industry. The Company is working with Canadian Natural on engineering validation of its CVW™ technology. The Company's technology reduces the environmental impact of oil sands tailings while economically recovering valuable products that would otherwise be lost. CVW™ recovers bitumen, solvents and minerals 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 remediated more readily. A new minerals industry will be created commencing with the production and export of zircon, an essential ingredient in ceramics. The Company's shares trade on the
About Emissions Reduction Alberta (“ ERA” https://www.eralberta.ca)
For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, they have committed
Neither the
For further information, contact:Scott Nelson President & CEO Tel: (403) 561-0439 Email: snelson@titaniumcorporation.comJennifer Kaufield Vice President Finance & CFO Tel: 403-874-9498 Email: jkaufield@titaniumcorporation.com
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