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Purebase and Fortera Sign Term Sheet to Build Commercial Plant
Purebase and Fortera Sign Term Sheet to Build Commercial Plant
IONE, CA, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Purebase Corporation (OTCPK: PUBC), ("Purebase") a diversified resource company, headquartered in Ione, California, is in discussions with Fortera Corporation ("Fortera"), a Silicon Valley-based materials technology company, regarding the proposed terms of a commercial plant agreement.
Purebase and Fortera recently entered into a non-binding term sheet and are working towards a definitive agreement that sets forth the terms of a collaboration to design, construct and operate a commercial facility at Purebase's headquarters in Ione, California.
Fortera is the owner of know-how and intellectual property related to its ReCarb ™ process for the production of calcium carbonate cements.
For the past six years, Purebase has been working with universities, state Departments of Transportation and a private development testing facility to develop alternative supplementary cementitious materials to be used to replace a portion of cement in the production of concrete. Historically, coal fly ash has been the most common replacement for cement, but it is primarily generated by coal-burning power plants which are also high in carbon emissions.
"We believe that a strategic partnership with Fortera would put Purebase on a fast-track to bring a lower carbon product to market," said Scott Dockter, Chairman and CEO of Purebase. "We believe Fortera has developed a unique solution to reduce carbon emissions in cement, and it will have the advantage of using Purebase's mineral resources and location in Ione, California which is ideally located in northern California near major ports which can effectively serve the western-U.S. markets and abroad."
"We believe our ability to economically produce a low CO2 cementitious material that has excellent durability and water demand will provide a long-term dependable product to help the California market reach its sustainability goals," said Dr. Ryan Gilliam, CEO and Co-founder of Fortera.
About Purebase Corporation
Purebase Corporation (OTCPK:PUBC) is a diversified resource company that acquires, develops, and markets minerals for use in the agriculture, construction, and other specialty industries.
About Fortera Corporation
Fortera is a California-based materials technology company founded in May 2019 that has created a process that economically converts CO2 into a cement which reduces CO2 emissions and can be used anywhere ordinary Portland Cement is used.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements." Those statements include statements regarding the intent, belief, or current plans or expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Risks and other important factors concerning Purebase's business are described in the Company's Annual Report on Form 10-K for the year ended November 30, 2021, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts
Emily Tirapelle - Purebase Corporation | emily.tirapelle@purebase.com.
Jon Wilcox – Fortera Corporation | jwilcox@forterausa.com
IONE, CA, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Purebase Corporation (OTCPK: PUBC), ("Purebase") a diversified resource company, headquartered in Ione, California, is in discussions with Fortera Corporation ("Fortera"), a Silicon Valley-based materials technology company, regarding the proposed terms of a commercial plant agreement.
总部位于加利福尼亚州伊奥内的多元化资源公司Purebase Corporation(OTCPK:PUBC)正在与硅谷材料技术公司Fortera Corporation(“Fortera”)就商业工厂协议的拟议条款进行谈判。
Purebase and Fortera recently entered into a non-binding term sheet and are working towards a definitive agreement that sets forth the terms of a collaboration to design, construct and operate a commercial facility at Purebase's headquarters in Ione, California.
Purebase和Fortera最近达成了一份不具约束力的条款说明书,并正在努力达成一项最终协议,其中规定了合作设计、建造和运营Purebase位于加利福尼亚州伊奥内的总部的商业设施的条款。
Fortera is the owner of know-how and intellectual property related to its ReCarb ™ process for the production of calcium carbonate cements.
福特拉拥有与生产碳酸钙水泥的ReCarb™工艺相关的技术诀窍和知识产权。
For the past six years, Purebase has been working with universities, state Departments of Transportation and a private development testing facility to develop alternative supplementary cementitious materials to be used to replace a portion of cement in the production of concrete. Historically, coal fly ash has been the most common replacement for cement, but it is primarily generated by coal-burning power plants which are also high in carbon emissions.
在过去的六年里,Purebase一直在与大学、州交通部和一家私人开发测试机构合作,开发替代的辅助胶凝材料,用于取代混凝土生产中的部分水泥。从历史上看,燃煤飞灰一直是水泥最常见的替代品,但它主要是由燃煤发电厂产生的,这些发电厂的碳排放量也很高。
"We believe that a strategic partnership with Fortera would put Purebase on a fast-track to bring a lower carbon product to market," said Scott Dockter, Chairman and CEO of Purebase. "We believe Fortera has developed a unique solution to reduce carbon emissions in cement, and it will have the advantage of using Purebase's mineral resources and location in Ione, California which is ideally located in northern California near major ports which can effectively serve the western-U.S. markets and abroad."
Purebase公司董事长兼首席执行官斯科特·多克特说:“我们相信,与Fortera公司的战略伙伴关系将使Purebase走上快车道,将低碳产品推向市场。”我们相信Fortera已经开发出一种独特的解决方案来减少水泥中的碳排放,它将利用Purebase在加利福尼亚州伊奥内的矿产资源和地理位置,这是一个理想的位置,位于加利福尼亚州北部,靠近主要港口,可以有效地服务于美国西部市场和海外。
"We believe our ability to economically produce a low CO2 cementitious material that has excellent durability and water demand will provide a long-term dependable product to help the California market reach its sustainability goals," said Dr. Ryan Gilliam, CEO and Co-founder of Fortera.
我们相信,我们有能力以经济的方式生产低CO2 Fortera首席执行官兼联合创始人Ryan Gilliam博士表示:“具有优异耐久性和水需求的水泥材料将提供长期可靠的产品,帮助加州市场实现其可持续发展目标。
About Purebase Corporation
Purebase Corporation (OTCPK:PUBC) is a diversified resource company that acquires, develops, and markets minerals for use in the agriculture, construction, and other specialty industries.
关于Purebase公司
Purebase Corporation(OTCPK:PUBC)是一家多元化的资源公司,收购、开发和销售用于农业、建筑和其他特种行业的矿物。
About Fortera Corporation
Fortera is a California-based materials technology company founded in May 2019 that has created a process that economically converts CO2 into a cement which reduces CO2 emissions and can be used anywhere ordinary Portland Cement is used.
关于福特拉公司
Fortera是一家总部位于加利福尼亚州的材料技术公司,成立于2019年5月,创造了一种将CO2变成一种降低CO的水泥2此外,它还可以在任何使用普通波特兰水泥的地方使用。
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements." Those statements include statements regarding the intent, belief, or current plans or expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Risks and other important factors concerning Purebase's business are described in the Company's Annual Report on Form 10-K for the year ended November 30, 2021, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise.
安全港
本新闻稿包含的陈述可能构成“前瞻性陈述”。这些陈述包括有关Purebase公司及其管理团队成员的意图、信念或当前计划或期望的陈述,以及此类陈述所基于的假设。这些前瞻性陈述不是对未来业绩的保证,涉及风险和不确定因素,实际结果可能与此类前瞻性陈述中预期的大不相同。与Purebase业务有关的风险和其他重要因素在公司截至2021年11月30日的10-K表格年度报告以及提交给证券交易委员会的其他定期报告和当前报告中进行了描述。无论是由于新信息、未来事件或其他原因,公司没有义务,也明确表示不承担任何此类义务来更新其前瞻性陈述。
Investor Contacts
Emily Tirapelle - Purebase Corporation | emily.tirapelle@purebase.com.
Jon Wilcox – Fortera Corporation | jwilcox@forterausa.com
投资者联系方式
艾米丽·提拉佩尔--Purebase Corporation|emily.tirapelle@purebase.com
乔恩·威尔科克斯--Fortera公司|jwilcox@forterosa.com
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