Clean Commodities Corp. Expands East Coast Zeolite Portfolio, Acquires Hampton Quarry Zeolite Project
VANCOUVER, BC--(Marketwired - July 17, 2017) - Clean Commodities Corp. (TSX VENTURE: CLE) ("Clean Commodities" or the "Corporation" or "CLE") is pleased to announce the acquisition of the Hampton Quarry Zeolite Project located in Nova Scotia, Canada. The Hampton Quarry Zeolite Project represents the next step in the Corporation's ongoing efforts to build a robust portfolio of zeolite assets.
"The Hampton Quarry Zeolite Project represents our second zeolite project and offers compelling exploration opportunities at a zeolite prospect which has not had the benefit of significant exploration follow-up.
Nova Scotia's zeolites have historically attracted global attention. As a consolidator within the zeolite market, Clean Commodities Corp. is pleased to further advance our zeolite strategy by way of today's announcement involving the acquisition of the Hampton Quarry Zeolite Project. Our decision to expand our zeolite portfolio should help us to achieve larger economies of scale and improved diversification by way of holding multiple zeolite projects. Furthermore, today's news uniquely positions Clean Commodities Corp. going-forward among other Canadian-listed zeolite companies as being the one company in a position to generate news flow from more than one zeolite project," stated Ryan Kalt, Chief Executive Officer of the Corporation.
In addition to its existing Ogilvie Quarry Zeolite Project (previously announced) and its Hampton Quarry Zeolite Project (announced by way of this news release), the Corporation also continues to evaluate the potential for further zeolite opportunities.
About The Hampton Quarry Zeolite Project
The road-accessible Hampton Quarry Zeolite Project consists of four contiguous mineral claims. Zeolites at the Hampton Quarry were first recognized by Mr. Ian Booth and Mr. G.A. O'Reilly in 1987. Based on prior exploration at the project (and as detailed in the below mineral file link), the zeolites at the Hampton aggregate pit are hosted in lava flows belonging to the North Mountain Basalt. North Mountain zeolites are concentrated within amygdaloidal zones developed near, or at the top of the basaltic flows. At the Hampton Quarry, the thickness of the zone(s) is not yet defined.
Interested parties are encouraged to review the Hampton Quarry mineral file made available by the Government of Nova Scotia and accessible by way of the following link:
The Hampton Quarry Zeolite Project was acquired by the Corporation through an arm's length exploration services company at staking costs plus a three percent production royalty.
The Corporation cautions that any historic work or estimates associated with the Hampton Quarry tenure should not be relied upon.
Upcoming Exploration Programs
The Corporation is also excited to advise its shareholders that it is in the process of finalizing multiple summer exploration programs at projects in which the company holds an interest. The Corporation expects to be in a position to provide further updates to shareholders on its near-term exploration activities over the course of the coming weeks.
About Clean Commodities Corp.
Clean Commodities Corp. (TSX VENTURE: CLE) is an exploration company involved in a diverse portfolio of clean commodity assets including lithium, cobalt, zeolite and uranium projects. For more information, please visit www.cleancommodities.com.
Ryan Kalt, Chief Executive Officer
This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Executive Officer