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White Mountain Signs Letter of Intent for Cerro Blanco Desalination Plant
White Mountain Signs Letter of Intent for Cerro Blanco Desalination Plant.
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[{"type":"text","content":"\n\n\n\nWhite Mountain Signs Letter of Intent for Cerro Blanco Desalination Plant\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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prnsbb1{\nBORDER-BOTTOM:1pt\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\nWhite Mountain Signs Letter of Intent for Cerro Blanco Desalination Plant\nPR Newswire\nSANTIAGO, Chile, Aug. 19, 2015\n\n\n\nSANTIAGO, Chile, Aug. 19, 2015 /PRNewswire/ -- White Mountain Titanium Corporation (\"White Mountain\" or the \"Company\") (OTCQB Markets: WMTM) is pleased to announce the signing of a letter of intent (the \"LOI\") with Nexo Capital Partners, LLC (\"NEXO\") to fund, construct and manage a desalination plant which forms part of White Mountain's Cerro Blanco mining project in Chile. NEXO is a US private equity firm which specializes in the business development of new technologies through strategic project acquisition and technology-implementation opportunities. NEXO proposes to use the services of an innovative US water technology company based out of Boston, MA.  By incorporating the proven water technology of the Boston-based company into the desalination design at Cerro Blanco, the parties intend to significantly increase the fresh water recovery over that achievable through reverse osmosis alone.   \n\nThe parties are meeting this week in Santiago and at the Cerro Blanco project site to review engineering, technology, cost and environmental permit data and reports; tour both existing and planned facilities and infrastructure at the project site; and explore options on how best to structure a corporate and working relationship to share the desalination plant.  \n\nThe nonbinding and non-exclusive LOI anticipates that the desalination plant, together with inflow and outflow seawater piping, would be constructed at no cost to White Mountain. The Company would contribute the land, right of ways and environment...