“ERA continues to identify and invest in opportunities to accelerate the innovation required to improve Alberta’s environmental performance and to strengthen and diversify its economy. Titanium’s project is a great example of entrepreneurs, industry, and government coming together to develop technology solutions that deliver the right economic and environmental outcomes,” said
“ERA has been a valued supporter and we thank them for this current funding from their program directed at reducing methane emissions,” commented
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 Emissions Reduction Alberta( 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
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, including statements relating to the continued effective collaboration between the Company and Canadian Natural; the Company's ongoing engagement with ERA; and the benefits, aims and advantages of the Company's technology in assisting with the recovery of the economy in
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. Macro-economic conditions, including public health concerns (including the impact of the COVID-19 pandemic) and other geopolitical risks, the condition of the global economy and, specifically, the condition of the oil and natural gas industry including the collapse of global crude oil prices, other commodity prices and the decrease in global demand for crude oil in
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
The forward-looking information contained in this news release describes our expectations as of the date of this news release and, accordingly, are subject to change after such date. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking information contained in this news release, whether as a result of new information, future events or otherwise.
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
Source:
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