Dundee Sustainable's Cresco to sell Shining Tree assets
2017-04-03 11:46 ET - News Release
Mr. Brian Howlett reports
DUNDEE SUSTAINABLE TECHNOLOGIES INC. ANNOUNCES THE SALE OF MINING ASSETS IN THE SHINING TREE AREA, ONTARIO
Dundee Sustainable Technologies Inc.'s its wholly owned subsidiary, Creso Exploration Inc., has reached an agreement with Premet Inc., based in Toronto, Ont., to sell its mining assets in the Shining Tree area in Ontario.
The assets consist of 14 mining leases and 37 mining claims. As part of the agreement, Premet agreed to pay Creso a sum of $400,000 and assume the obligations toward existing net smelter return royalty holders.
"This transaction advances our strategy to concentrate in our core technologies, which is the commercialization of our cyanide-free gold extraction and arsenic stabilization technologies," says Brian Howlett, Dundee Sustainable Technologies' president and chief executive officer.
About Dundee Sustainable Technologies Inc.
The corporation is engaged in the development and commercialization of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, Dundee Sustainable Technologies extracts precious and base metals from mineralized material, concentrates and tailings, while stabilizing contaminants such as arsenic, which could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.
Dundee Sustainable Technologies has filed, published and was granted patents for these processes in several countries.
We seek Safe Harbor.
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