PET Peat Resources Ltd. (delisted)

Peat Resources Limited (TSX VENTURE:PET) is in continuing discussions with
potential customers in Canada, Europe and Asia about burning peat fuel to
provide power in multiple projects worldwide. Peat Resources' management
believes that this is in response to the increasing global demand for long-term
supply of biofuel.


In Newfoundland, Peat Resources Limited holds rights to extensive peat fuel
resources. There is an opportunity for large-scale development of these deposits
to produce up to five million tonnes per year of peat fuel pellets for export to
global markets, especially in Europe and Asia. A biomass fuel such as peat,
produced by the Company's innovative wet harvesting process, would satisfy
European sustainability criteria. The large Newfoundland resources would satisfy
global customer concerns about security of supply and could provide long-term
(plus-20-year) contracts. Peat Resources Limited has built a business model
based on adding production capacity of 200,000 tonnes per year, for five years,
in each region where the Company has peat properties. 


In Ontario, the Ring of Fire mineral discoveries at McFaulds Lake in the James
Bay Lowlands remain an opportunity for Peat Resources. Electrical power for both
the mine site operation and processing facilities continues to be one of the
main issues with the development of this project. The Ontario Provincial
Government has pledged to support the Ring of Fire development. Peat fuel could
help the provincial government meet its promise to stop the burning of coal for
electricity generation but keep the northern power plants running at full
capacity (generating about 500 megawatts) to satisfy the future energy needs.
Peat Resources Limited has NI 43-101 resources of fuel-grade peat in
northwestern Ontario that can supply OPG's Atikokan generating station for more
than 20 years.

Grafico Azioni Peat Resources Limited (TSXV:PET)
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Da Mag 2024 a Giu 2024

Grafico Azioni Peat Resources Limited (TSXV:PET)
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Da Giu 2023 a Giu 2024