VANCOUVER, British Columbia and CALGARY, Aleberta (Aug. 14, 2014) –Wellgreen Platinum Ltd. announced an agreement with Ferus Natural Gas Fuels Inc. that advances the natural gas market in Canada’s Yukon Territory. This new partnership supports the delivery of clean liquefied natural gas (LNG) to power Wellgreen’s PGM-Nickel-Copper mining project. The site is located in the southwest region of the Yukon, and could be the first mining project in Canada powered by LNG.
Ferus NGF’s LNG facility in Elmworth, Alberta supplies clean alternative fuel for Western Canada’s high horsepower and clean power sectors—including mining, rail, drilling, pressure pumping, trucking, marine, and remote power generation. This agreement with Wellgreen would enable communities in the Yukon to benefit from this low-cost, low-emission LNG in place of diesel generators, strengthening the region’s economic and environmental vitality.
In signing this memorandum of understanding (MOU), both companies have agreed to work with other Yukon businesses, communities and First Nations to explore additional clean fuel opportunities, and will assess the need for an LNG plant in proximity to Wellgreen’s mine, which would reduce transport cost and make LNG even more readily available to other mining and power projects in the region.
“Ferus NGF is committed to building the required LNG infrastructure across Canada and the United States to supply this proven alternative fuel for remote power generation and to high horsepower markets,” said Dick Brown, CEO of Ferus NGF. “This innovative project with Wellgreen Platinum exemplifies how one company’s strategic vision to adopt LNG can result in economic and environmental benefits to an entire region including First Nations and other nearby communities. We are proud to be a part of that solution with Wellgreen Platinum.”
Wellgreen Platinum’s President & CEO, Greg Johnson, stated, “This clean energy project is a natural fit for Wellgreen and gives us a second source of cost-effective and clean energy that can meet the energy needs and timelines of the project. Our platinum group metals are used in catalytic converters to significantly reduce harmful vehicle emissions, and we are searching for ways to use clean energy to produce those metals. In addition to the environmental and economic benefits of LNG for our project, we see the potential for LNG to benefit our neighboring Yukon communities, many of whom currently rely on diesel for power generation. We are pleased to be in discussions with Ferus NGF for their Western Canadian based supplies of LNG.”
Wellgreen Platinum has also entered into an MOU with General Electric Canada to deliver a complete power generation and transmission network for the project.
Wellgreen Platinum Ltd. is a Canadian mining exploration & development company focused on the acquisition and development of platinum group metals projects in politically stable, mining-friendly jurisdictions.
Ferus NGF provides end-to-end LNG and compressed natural gas fueling services including liquefaction, compression, transportation, storage and delivery to our customers in all end-use industries.