Gossan Resources’ Offer for Zuliani Process Rejected

Critical Metals

Gossan Resources Limited (TSXV:GSS,FWB:GSR) reported that Dr. Zuliani, developer of a high efficiency magnesium production process called the Zuliani Process, has rejected the Company’s offer pertaining to ongoing development and commercialization.

As quoted in the press release:

Over the past three years, Gossan has held numerous negotiations with Dr. Zuliani concerning the possible purchase of the technology and retention of Dr. Zuliani as a consultant, as well as, a revenue sharing model. During this period, the Company was not able to complete its due diligence to its satisfaction nor reach a final agreement that was in the interest of the Company. On March 1, 2013, the Company was advised by Dr. Zuliani that he would not accept Gossan’s latest offer pertaining to the ongoing development and commercialization of the Zuliani Process for the primary production of magnesium metal and the original agreement (the 2007 Memorandum of Understanding) had expired. Dr. Zuliani advised that he remains open to consideration of another offer.

Click here to read the Gossan Resources Limited (TSXV:GSS,FWB:GSR) press release