$DSCR: Hemp As A Bio-Fuel Is One Step Closer To Reality
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
RENO, Nev., May 1, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is pleased to provide shareholders with further information regarding the Joint Venture (JV) with Syngar Technologies.
A research study concluded that Syngar's PLUSWave technology increased ethanol production by an overall average of 26%. The PLUSWave technology optimized the conversion of cellulose to sugars and enhanced ethanol yield. The proposed pilot project will utilize Cellunol Inc.'s proprietary technology to reduce costs and speed the pre-treatment of cellulose materials to form a slurry suitable for fermentation into ethanol.
With the worldwide increase in demand for oil, concern over the environmental impact of the use of fossil fuels and the challenge of sourcing a sustainable crop to provide the cellulose needed for Bio-Fuel fermentation, hemp may very well be part of the solution.
Corn based ethanol is the Bio-Fuel most favored by current United States government subsidies for renewable fuels. Hemp is an improvement over corn-based ethanol on several counts: higher soil conservation, nearly non-existent herbicide & pesticide requirements, higher yields, and greater suitability for cellulosic ethanol production, as opposed to either grains or corn. When compared to other plant species of active interest in Bio-Fuel production, hemp derives 100% more cellulose than species under active investigation. Production costs for corn-based ethanol is nearly twice that of estimated production costs for hemp derived ethanol. Hemp and its related species provide denser cellulose content than corn, higher sugar content, and derives higher ethanol yields per metric ton at lower costs.
Hemp is found to be a superior cultivar for Bio-Fuel production. Hemp exhibits far superior ethanol yields per unit biomass compared to corn. Pretreatment is necessary to alter the cellular structure of the biomass at hand. Specifically, lignin presents a significant stumbling-block to the fermentation of cellulosic material. Pretreatment procedures are primarily aimed at breaking down lignin. The challenge of stripping lignin from lignin bound cellulosic plant matter is the primary complexity that must be overcome prior to the direct conversion of cellulose to ethanol. In conclusion, Discovery's JV pilot project intends to overcome these challenges and establish a new industry standard for the pre-treatment process of Hemp in Bio-Fuel production.
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS Wave TM license is a worldwide and exclusive for application in biofuels. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of algae, bacteria, fungus or yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerny
+1(310)961-4654
At: info@discoveryholdingscorp.com
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$DSCR: Discovery Minerals Engages In Joint Venture Discussions with Florida Dispensary Candidate
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is currently in discussions with an established Florida nursery who meets the stringent application requirements of the recently passed Compassionate Medical Cannabis Act of 2014. In the event a license is granted, the dispensing organization will be responsible for the cultivation, processing, and dispensing of the low-THC Cannabis strain known as Charlotte's Web.
Announced May 1st, 2014, the newly passed Act in Florida requires certain specific criteria to qualify for the very limited number of available licenses; the nature of the requirements has reduced the number of possible applicants to approximately 35 entities. These applicants must be able to demonstrate a valid certificate of registration issued by Florida's Department of Agriculture and Consumer Services with 30 years of continuous operations. The full Act can be read by clicking this link:
www.flsenate.gov/Session/Bill/2014/1030/BillText/er/PDF
The potential Joint Venture between Discovery and the Nursery Partner will access a vertically integrated business network to conform to the law's proposed requirements.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
+1-310-961-4654
At: info@discoveryholdingscorp.com
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$DSCR: Discovery's Joint Venture Partner Featured in Ethanol Producer Online Magazine
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
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$DSCR: MARINA DEL REY, Calif., May 8, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) provides a follow up to the article published May 7, 2014 in Ethanol Producer Magazine Online features Alberta- based Syngar Technologies Inc. The article mentions two joint ventures recently formed with Cellunol Inc, and Discovery Minerals Inc., respectively. Through collaboration and proprietary technologies, the joint ventures will research the viability of utilizing industrial hemp for the production of ethanol.
The goal of the joint ventures as quoted is, "for the hemp producers in Canada it's to prove and demonstrate that the process is viable," stated Garth Likes, CEO and chairman of Syngar Technologies. The article goes on to say that the hope is that while the US sorts out the legality of allowing industrial hemp production, the joint ventures will prove the viability of the process in time for a final ruling. The full article can be found through the link below:
bit.ly/1ipboj0
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave) Technology. The PLUS Wave TM license is a worldwide and exclusive for application in biofuels. The PLUSWave Technology uses specific and proprietary ultrasound frequencies, at specific power levels, over set time intervals to stimulate the fermentation growth of algae, bacteria, fungus or yeast microorganisms by upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
1-310-961-4654
At: info@discoveryholdingscorp.com
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$DSCR: Discovery Provides Shareholder Update
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
MARINA DEL REY, Calif., May 13, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is pleased to announce that Mr. Dennis Killoran of Wainwright, Alberta, Canada has agreed to become the Company's Primary Hemp Growing Consultant. Mr. Killoran is uniquely qualified having previously cultivated Industrial Hemp under a Health Canada License.
Mr. Killoran is a third generation farmer. In 1999, Mr. Killoran was invited to participate with a symposium which helped draft portions of the Health Canada Regulations. Additionally, Mr. Killoran has sat on the Local Wainwright Inter-Municipal Planning Board and was involved in the inception of the Alberta Bio-Fibre Initiative round table talks with the Alberta Agriculture Department, the Alberta Research Council, and various private interest companies. Through 2000-2003, Mr. Killoran cultivated three hemp crops on farmland ranging from 20 to 140 acres. He currently grows grain on 3500 acres of his property.
There are several factors that have prompted Mr. Killoran to re-evaluate the viability of hemp production, some of the main factors being Discovery's vertical integration model, technological advances in farming and increased demand for hemp related products expected to soar due to loosening of regulations in the United States.
Canadian hemp acreage has been growing steadily since 2008, increasing to 58,000 in 2012. This growth came on the heels of improving processing technology, research, government financial support, increasing number of Canadian businesses developing hemp products and overall growing demand, primarily import demand by the United States which accounts for approximately 90% of Canadian international sales. Canada's gross producer hemp seed cash receipts have been approximately $30-35 million in recent years.
Early estimates are for around 70,000 acres to be planted in 2013 and one industry source indicates a goal of 100,000 acres by 2015. (Canadian Hemp Trade Alliance).
Sales of hemp products to U.S. consumers have reportedly topped $500 million in recent years, while U.S. hemp imports continue to grow (Hemp Industry Association). Industrial hemp could provide economic benefit and jobs given emerging market opportunities if the industry were allowed to fully develop as a commercial enterprise.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Russell Smith
+1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.
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