THETFORD MINES, QC, Dec. 4, 2017 /CNW Telbec/ - Mazarin Inc. (MAZ.H) and subsidiary Asbestos Corporation Limited (AB.H) have entered into a partnership with KSM Inc. Under the terms of the agreement by which Asbestos Corporation becomes a shareholder of KSM, the latter will have access to certain metals contained in the chrysotile tailings.
A newly-formed company based in Thetford Mines, KSM Inc. is focusing its efforts on developing a patented process to produce fertilizers. This new technology was acquired from Dundee Sustainable Technologies in exchange for cash and an ownership stake in KSM and is based on the utilization of low cost potash, sulfuric acid and metals contained in chrysotile tailings for the production of high-end, sulphate-based fertilizers.
"We are pleased that KSM has obtained a $125,000 grant from the Quebec Government as part of a $250,000 financing round", said Mr. John LeBoutillier, President of both companies. "These funds will be used by KSM to produce fertilizers at the pilot scale and to perform tests in the field and in greenhouse farms".
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SOURCE Mazarin Inc.
For further information: John LeBoutillier, President, Tel. (office) : 418 338-3669, Email : [email protected]