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Titanium Corporation Awarded $50 Million in Federal and Alberta Government Grant Funding
Titanium Corporation Awarded $50 Million in Federal and Alberta Government Grant Funding ...
About this update from Cvw Sustainable Royalties Inc.
[{"type":"text","content":"\n\n\n\nTitanium Corporation Awarded $50 Million in Federal and Alberta Government Grant Funding\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 14, 2019\n\n\n\nCALGARY, March 14, 2019 /CNW/ - Titanium Corporation Inc. (the \"Company\" or \"Titanium\") (TSX-V: TIC) is pleased to announce that the Company has been selected as a successful applicant under the Government of Canada's Low Carbon Economy Fund Challenge (\"LCEF\") and NRCan's Clean Growth Program (\"CGP\") and Emission Reduction Alberta's (\"ERA's\") Partnership Intake Program for a total of $50 million toward the next phase of the Company's Creating Value from Waste™ (\"CVW™\") Horizon project.  LCEF, CGP and ERA's clean technology programs are aimed at improving environmental performance in Alberta's oil and gas sector. \n\n \n \n\n \n\"This significant funding commitment from the Governments of Canada and Alberta is a critical step in advancing the first implementation of our Creating Value from Waste™ clean technology\" commented Scott Nelson, Titanium's President and Chief Executive Officer. \"Government and industry support and collaboration has been invaluable in moving our project forward and developing this made-in-Canada solution for the benefit of all stakeholders.\"\nEnvironment and Climate Change Canada, through its LCEF has committed to investing $40 million and NRCan's CGP has committed to investing $5 million in Titanium's first of a kind sustainable technology designed to remediate oil sands froth treatment tailings. ERA have also committed an additional $5 million through its Partnership Intake Program bringing its total investment to $10 million for the project.  The proposed project would be jointly conducted with Canadian Natural Resources Limited at its Horizon oil sands site and has the potential to create a new high-value minerals industry for Canada through tailings recovery of up to 100,000 tonnes per year of valuable minerals.\n\"Canadians across the country are coming up with innovative and affordable sol...