Looks like ABR has acquired an immediate source of revenue to develop their projects!!
(“Ashburton” or the "Company”) announces the signing of a Joint Operating Agreement (“JOA”) with ZMM® Canada Minerals Corp. (“ZMM”) to assist in the development, maintenance and operation of the recently acquired Z-1 Zeolite Quarry/Mine located approximately 3 kms northeast of Cache Creek, BC (see PR dated January 31, 2017).
The JOA brings to Ashburton access to certain Intellectual Property (“IP”) held by ZMM in various stages of development derived over the 25+ years’ experience ZMM has in the zeolite industry. The arrangement also brings substantive industry knowledge, collaborative partners including universities and strong relationships with end customers.
Jointly the companies will continue working toward the development of new IP and expanding on increasingly higher value applications and sales to growing markets for zeolites. The zeolite at Z-1 has been demonstrated to have the particular physiochemical properties suitable for several new and innovative clean technology applications.
Mr. LuVerne Hogg, President and CEO of ZMM Canada Minerals Corp. states "We're excited! At ZMM, we believe in using science and technology to provide the ultimate in designed zeolite solutions and services. We are now part of the right team, at the right time for expansion and growth. The synergies are superb."
Mr. Hogg is an industry recognized expert in zeolites worldwide and has specialized in and researched zeolite minerals, products and their applications for over 25 years, in 16 countries.
Mr. Mike England, CEO of Ashburton said, “this strategic relationship with ZMM will provide us with all the tools necessary to expedite the sale of on-site zeolite stockpiles to generate near term cash flow and to fully commercialize the operation.”
