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COLDry Fertiliser JV Seed Funding & Working Capital Secured
Environmental Clean Technologies Limited (ASX: ECT) ("ECT" or "the Company") is pleased to provide the following update on its joint venture project with ESG Agriculture Pty Ltd (“ESG”).
Highlights:
- “Zero Quest” Joint Venture:
- Joint venture established to develop sustainable soil health solutions including the commercialisation of ECT’s net-zero COLDry fertiliser product
- JV company established: Zero Quest Pty Ltd (www.zero-quest.com.au)
- ESG and ECT to contribute seed funding of $150,000 each
- Field trials to commence immediately
- Funding Milestones:
- ECT secured $482,488R&D Loan, including contribution for JV seed funding
- ECT secured, subject to shareholder approval, $647,512in further funding
- Project Advancements: COLDry Fertiliser process design completed and tested; field trials to follow
- Project Finance Progress: Targeting completion in Q1 CY25
- Leadership Transition: Sam Rizzo transitions to Non-Executive Director role for ECT and Zero Quest
ECT and ESG have launched Zero Quest Pty Ltd, a joint venture with offices in Melbourne and Adelaide, Australia, focused on delivering innovative, zero-emission solutions for sustainable agriculture. As announced on 4 April and 15 July 2024 ESG is a solution provider of soil health products and advisory services, supporting growers on their practice change journey towards reducing their carbon footprint. ESG brings to the JV leading agricultural executives with proven results in engaging with growers and developing agricultural solutions. The collaboration with ESG spearheads the COLDry Fertiliser Project, a transformative initiative to reduce emissions and boost agricultural efficiency.
Key milestones:
- Incorporation of Zero Quest Pty Ltd
- Seed Funding: The partners have contributed $300,000
- Field Trials Launch: Trials to begin immediately for the COLDry Fertiliser Project.
Zero Quest will be managed jointly by ECT and ESG, with Sam Rizzo (ECT) and Mark Scanlon (ESG) serving as foundation directors. Martin Hill, ECT’s CFO, will act as Company Secretary.
Field Trials and Strategic Goals
Zero Quest is set to conduct field trials with large-scale farmers across South Australia, Victoria, New South Wales, and the Philippines, evaluating diverse crop and soil types. The trials will be funded by the initial
$300,000 contributed by the JV partners and a further $100,000 that each of the JV partners are obliged to contribute in early 2025. Any additional capital raising (whether equity or debt) is to be contributed equally by the JV partners, unless otherwise mutually agreed. Running for up to six months, the trials will engage farmers under Memorandums of Understanding (MOUs), which are expected to transition into binding off- take agreements upon achieving the following objectives.
Field Trial Objectives:
1. Validate the fertiliser’s performance under real-world agricultural conditions, focusing on crop yield and soil health.
2. Environmental Impact Assessment: Measure reductions in carbon intensity and overall environmental footprint compared to conventional fertilisers.
3. Off-Take Agreements: Secure binding agreements with agricultural stakeholders based on trial success, paving the way for commercial production.
The Value of COLDry Fertiliser
The product, ‘COLDry Fertiliser’, is a blended fertiliser designed to match or surpass the performance of traditional chemical urea fertilisers, offering farmers a competitive and sustainable alternative.
The commercial proposition of COLDry Fertiliser to farmers is:
- Lower cost
- Same or better performance
- Compatibility with existing spreading equipment
- Lower emissions
- Improved soil health benefits
Sam Rizzo, Director of ECT and Zero Quest, commented:
“The establishment and funding of Zero Quest, along with the launch of field trails, mark the culmination of many months of work across the various stages of the Joint Venture between ECT and ESG. This milestone is a strong indicator of progress under our ‘race to revenue model’ and now allows us to channel our focus towards delivering the COLDry Fertiliser Project.”
Mark Scanlon, Director of ESG and Zero Quest, commented:
“The launch of field trials is a significant milestone, showcasing the real-world benefits of our innovative fertiliser. Partnering with ECT underscores our commitment to sustainable practices, and we are confident these trials will demonstrate the transformative potential of this product for both farmers and the environment.”
Click here for the full ASX Release
This article includes content from Environmental Clean Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Troy Minerals Reports Analytical Results from Table Mountain Silica Project, Identifying Broad High-Purity Zones
Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce that it has received results from a sampling and mapping program on its 100% owned Table Mountain Silica Project, located near Golden, British Columbia, Canada.
Key Highlights
- Three distinct zones of high-purity silica mineralization identified within the Mount Wilson Quartzite Formation.
- 98.86% SiO₂ over a total of 62.11 metres of channel sampling in five channels at the main Table Mountain Zone.
- Outcrop sampling returned 98.18% to 99.74% SiO2 from 45 samples at Table Mountain Zone, 97.83% to 99.49% SiO₂ from 13 samples at South Zone, and 95.82% to 99.82% SiO₂ from 29 samples at Southeast Zone. *
- Very low deleterious elements identified in all samples.
President of Troy Minerals Inc., Yannis Tsitos commented: "These comprehensive maiden assay results validate the potential of Table Mountain as a key high-purity silica asset. Sampling confirmed the exceptional quality and consistency of silica mineralization across the Project. With grades reaching 98 to 99% SiO₂ across multiple zones of extensive outcrop exposure, and sampling ranging from 98.18% to 99.74% SiO₂ at the main Table Mountain Zone, we are rapidly advancing our understanding of this strategic asset. The Project's infrastructure advantages and proximity to existing silica operations further enhance its potential as we work to establish Troy as a significant player in the North American high-purity silica market, positioning the Company for long-term growth."
The sampling program consisted of both systematic grab samples and channel samples, with a total of 110 grab samples (107 outcrop and 3 float) taken within the property area and 70 channel samples collected from 62.11 metres within 74.16 metres of channels.
Figure 1. Index Map

Outcrop Sampling Results
Three main areas returned significant high-purity silica results: the Table Mountain Zone, located at the north end of the Property, the South Zone, and the Southeast Zone.
The most extensively sampled zone was the Table Mountain Zone, which returned an average grade of 98.90% SiO₂ from 45 grab samples (42 outcrop, 3 float), with values ranging from 98.18% to 99.74% SiO₂. Additionally, from these samples the following average values were returned: 0.31% Fe₂O₃, 0.01% CaO, 0.14% Al₂O₃, 0.02% MgO, 0.01% TiO₂, 0.01% P₂O₅, and 14ppm boron. See Figure 2 and Table 1. *
Figure 2. Table Mountain Zone Outcrop Sampling - %SiO2

Table 1. Table Mountain Zone Outcrop Samples
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
299516 | 509114 | 5685249 | 99.41 | 0.11 | 0.02 | 0.39 | 0.01 | <0.01 | <0.01 | 6 |
299517 | 509193 | 5685166 | 98.84 | 0.14 | 0.01 | 0.23 | 0.02 | <0.01 | <0.01 | 8 |
299518 | 509314 | 5685171 | 99.20 | 0.10 | 0.01 | 0.25 | 0.02 | <0.01 | 0.01 | 10 |
299519 | 509350 | 5685151 | 98.26 | 0.12 | 0.01 | 0.35 | 0.01 | <0.01 | 0.01 | 15 |
299520 | 509369 | 5685129 | 99.20 | 0.13 | 0.01 | 0.21 | <0.01 | <0.01 | 0.03 | 16 |
299521 | 509395 | 5685107 | 99.17 | 0.15 | 0.01 | 0.27 | 0.02 | <0.01 | 0.01 | 8 |
299522 | 509418 | 5685094 | 98.78 | 0.23 | 0.02 | 0.26 | 0.01 | <0.01 | 0.01 | 12 |
299523 | 509442 | 5685075 | 98.59 | 0.14 | 0.02 | 0.26 | <0.01 | 0.01 | 0.01 | 12 |
299524 | 509450 | 5685043 | 99.74 | 0.07 | 0.01 | 0.30 | 0.01 | 0.01 | 0.01 | 6 |
299525 | 509471 | 5685019 | 98.58 | 0.04 | 0.01 | 0.36 | 0.01 | 0.01 | 0.01 | 7 |
299526 | 509482 | 5684990 | 99.25 | 0.14 | 0.02 | 0.27 | 0.04 | 0.01 | 0.01 | 7 |
299527 | 509500 | 5684961 | 99.66 | 0.16 | 0.02 | 0.31 | 0.02 | 0.01 | 0.01 | 7 |
299528 | 509515 | 5684938 | 99.21 | 0.14 | 0.01 | 0.32 | 0.02 | 0.01 | 0.01 | 7 |
299529 | 509538 | 5684911 | 99.13 | 0.11 | 0.01 | 0.27 | 0.03 | 0.01 | 0.01 | 21 |
299530 | 509561 | 5684862 | 98.18 | 0.25 | 0.01 | 0.31 | 0.03 | 0.01 | 0.01 | 7 |
299531 | 509598 | 5684823 | 98.93 | 0.27 | 0.02 | 0.36 | 0.03 | 0.01 | 0.01 | 7 |
299532 | 509583 | 5684759 | 98.99 | 0.09 | 0.01 | 0.30 | <0.01 | 0.01 | 0.01 | 7 |
299533 | 509619 | 5684743 | 98.72 | 0.16 | 0.01 | 0.35 | 0.02 | 0.01 | 0.01 | 14 |
299534 | 509641 | 5684726 | 98.18 | 0.30 | 0.01 | 0.33 | 0.04 | 0.01 | 0.02 | 15 |
299535 | 509712 | 5684697 | 99.41 | 0.13 | 0.01 | 0.30 | 0.02 | 0.01 | 0.01 | 7 |
299536 | 509736 | 5684685 | 99.27 | 0.11 | 0.01 | 0.33 | 0.02 | 0.01 | 0.01 | 7 |
299537 | 509764 | 5684670 | 98.58 | 0.13 | 0.02 | 0.36 | 0.03 | 0.01 | 0.02 | 8 |
299548 | 509306 | 5685510 | 99.32 | 0.14 | 0.01 | 0.29 | 0.01 | 0.01 | 0.01 | 18 |
299560 | 509476 | 5685127 | 98.99 | 0.13 | 0.01 | 0.32 | 0.03 | 0.01 | 0.02 | 27 |
299561 | 509472 | 5685107 | 99.01 | 0.05 | 0.01 | 0.32 | 0.01 | 0.01 | <0.01 | 18 |
299562 | 509457 | 5685115 | 98.74 | 0.15 | 0.01 | 0.26 | 0.01 | 0.01 | 0.02 | 28 |
299563 | 509439 | 5685112 | 98.35 | 0.20 | 0.02 | 0.34 | 0.02 | 0.01 | 0.01 | 27 |
299564 | 509459 | 5685092 | 99.20 | 0.09 | 0.01 | 0.32 | <0.01 | 0.01 | 0.01 | 21 |
299565 | 509487 | 5685107 | 99.49 | 0.09 | 0.01 | 0.28 | 0.03 | 0.01 | 0.02 | 28 |
299566 | 509490 | 5685083 | 98.48 | 0.25 | 0.02 | 0.35 | 0.01 | 0.01 | 0.01 | 26 |
299567 | 509503 | 5685071 | 99.03 | 0.11 | 0.02 | 0.34 | 0.02 | 0.01 | <0.01 | 21 |
299568 | 509477 | 5685067 | 99.16 | 0.10 | 0.01 | 0.30 | <0.01 | 0.01 | <0.01 | 18 |
299569 | 509478 | 5685044 | 98.68 | 0.10 | 0.01 | 0.32 | 0.03 | 0.01 | <0.01 | 20 |
299570 | 509506 | 5685041 | 98.46 | 0.43 | 0.02 | 0.32 | 0.06 | 0.01 | 0.01 | 29 |
299571 | 509523 | 5685054 | 98.81 | 0.13 | 0.01 | 0.31 | 0.03 | 0.01 | 0.01 | 22 |
299572 | 509382 | 5685160 | 98.42 | 0.09 | 0.01 | 0.29 | 0.01 | 0.01 | 0.01 | 23 |
299573 | 509397 | 5685160 | 98.92 | 0.11 | 0.01 | 0.36 | <0.01 | 0.01 | <0.01 | 18 |
299574 | 509406 | 5685142 | 99.12 | 0.09 | 0.01 | 0.30 | 0.02 | 0.01 | <0.01 | 17 |
299575 | 509409 | 5685120 | 98.56 | 0.14 | 0.01 | 0.37 | <0.01 | 0.01 | <0.01 | 21 |
299581 | 509357 | 5685172 | 98.84 | 0.08 | 0.02 | 0.32 | <0.01 | 0.01 | 0.01 | 18 |
299582 | 509429 | 5685142 | 98.87 | 0.15 | 0.01 | 0.29 | <0.01 | 0.01 | 0.02 | 8 |
299583 | 509446 | 5685146 | 98.25 | 0.33 | 0.02 | 0.33 | 0.03 | 0.01 | 0.03 | 17 |
299584 | 509455 | 5685145 | 99.49 | 0.11 | 0.02 | 0.27 | <0.01 | 0.01 | 0.01 | 5 |
299585 | 509473 | 5685142 | 98.66 | 0.08 | 0.01 | 0.36 | <0.01 | 0.01 | <0.01 | 6 |
299586 | 509493 | 5685133 | 98.52 | 0.05 | 0.01 | 0.29 | <0.01 | 0.01 | <0.01 | <5 |
Note: 299548, 299584, and 299585 are float samples taken near outcrop.
The South Zone, comprising 13 high-grade quartzite outcrop grab samples averaged 98.80% SiO₂ with values ranging from 97.83% to 99.49% SiO₂. These samples averaged 0.28% Fe₂O₃, 0.13% CaO, 0.13% Al₂O₃, 0.02% MgO, <0.01% TiO₂, 0.02% P₂O₅, and 6ppm boron. See Figure 3 and Table 2. *
Figure 3. South Zone Outcrop Sampling - %SiO2

Table 2. South Zone Outcrop Samples
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
248351 | 511603 | 5682006 | 98.60 | 0.28 | 0.08 | 0.25 | 0.04 | 0.01 | 0.01 | 15 |
248352 | 511563 | 5681948 | 99.45 | 0.15 | 0.02 | 0.22 | 0.02 | 0.01 | <0.01 | 6 |
248353 | 511552 | 5681948 | 99.01 | 0.19 | 0.03 | 0.29 | 0.04 | 0.01 | 0.01 | 9 |
248354 | 511551 | 5681951 | 99.09 | 0.11 | 0.02 | 0.22 | 0.03 | 0.01 | 0.01 | 6 |
248355 | 511530 | 5681940 | 98.74 | 0.09 | 0.02 | 0.23 | <0.01 | 0.01 | <0.01 | 6 |
248356 | 511522 | 5681942 | 98.82 | 0.08 | 0.01 | 0.31 | <0.01 | 0.01 | <0.01 | <5 |
248357 | 511512 | 5681951 | 98.31 | 0.09 | 0.01 | 0.24 | 0.01 | 0.01 | 0.01 | 5 |
248358 | 511485 | 5681948 | 98.14 | 0.13 | 0.28 | 0.32 | 0.03 | 0.01 | 0.01 | 8 |
248359 | 511461 | 5681935 | 99.49 | 0.11 | 0.02 | 0.30 | 0.02 | 0.01 | <0.01 | 10 |
248360 | 511436 | 5681932 | 99.06 | 0.03 | 0.05 | 0.25 | 0.01 | 0.02 | <0.01 | 5 |
248361 | 511444 | 5681918 | 99.42 | 0.07 | 0.01 | 0.29 | 0.02 | 0.01 | <0.01 | 6 |
248362 | 511440 | 5681942 | 97.83 | 0.32 | 0.73 | 0.36 | 0.03 | 0.03 | 0.01 | 8 |
248364 | 511374 | 5682002 | 98.43 | 0.09 | 0.43 | 0.36 | <0.01 | 0.16 | <0.01 | <5 |
The Southeast Zone, comprising 29 high-grade quartzite outcrop grab samples, returned an average of 98.52% SiO₂ with values ranging from 95.82% to 99.82% SiO₂. Average values for other constituents were: 0.35% Fe₂O₃, 0.07% CaO, 0.30% Al₂O₃, 0.06% MgO, 0.02% TiO₂, <0.01% P₂O₅, and 26ppm boron. See Figure 4 and Table 3.*
Figure 4. Southeast Zone Outcrop Sampling - %SiO2

Table 3. Southeast Zone Outcrop Samples - %SiO2
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
248384 | 513642 | 5680350 | 98.22 | 0.37 | 0.21 | 0.41 | 0.14 | 0.02 | 0.03 | 27 |
248385 | 513671 | 5680320 | 95.82 | 0.57 | 0.69 | 0.51 | 0.52 | 0.02 | 0.03 | 30 |
248386 | 513685 | 5680313 | 97.77 | 0.48 | 0.05 | 0.37 | 0.05 | 0.01 | 0.03 | 30 |
248387 | 513708 | 5680285 | 98.90 | 0.36 | 0.02 | 0.35 | 0.04 | <0.01 | 0.03 | 30 |
248388 | 513735 | 5680261 | 98.11 | 0.32 | 0.03 | 0.31 | 0.04 | <0.01 | 0.03 | 35 |
248389 | 513748 | 5680244 | 98.05 | 0.49 | 0.03 | 0.30 | 0.03 | <0.01 | 0.01 | 28 |
248390 | 513654 | 5680223 | 98.91 | 0.13 | 0.01 | 0.27 | 0.04 | <0.01 | 0.01 | 29 |
248391 | 513627 | 5680208 | 98.74 | 0.09 | 0.02 | 0.30 | 0.02 | <0.01 | 0.02 | 27 |
248392 | 513600 | 5680217 | 99.52 | 0.06 | 0.02 | 0.32 | 0.03 | <0.01 | 0.01 | 23 |
248393 | 513564 | 5680220 | 96.98 | 1.04 | 0.05 | 0.33 | 0.07 | 0.03 | 0.07 | 41 |
248394 | 513592 | 5680259 | 98.91 | 0.30 | 0.13 | 0.35 | 0.13 | <0.01 | 0.02 | 31 |
248395 | 513390 | 5680466 | 99.26 | 0.11 | 0.02 | 0.35 | 0.03 | <0.01 | 0.01 | 25 |
248396 | 513367 | 5680495 | 98.81 | 0.12 | 0.07 | 0.34 | 0.04 | <0.01 | 0.01 | 25 |
248397 | 513332 | 5680531 | 99.25 | 0.08 | 0.02 | 0.37 | 0.01 | <0.01 | 0.01 | 26 |
248398 | 513301 | 5680539 | 99.08 | 0.15 | 0.21 | 0.33 | 0.04 | <0.01 | 0.01 | 27 |
248399 | 513283 | 5680559 | 98.76 | 0.07 | 0.09 | 0.36 | 0.02 | <0.01 | 0.01 | 22 |
248400 | 513263 | 5680602 | 98.77 | 0.08 | 0.01 | 0.29 | <0.01 | <0.01 | 0.01 | 24 |
299501 | 513231 | 5680636 | 98.14 | 0.15 | 0.02 | 0.41 | 0.02 | <0.01 | 0.01 | 26 |
299502 | 513188 | 5680660 | 99.05 | 0.20 | 0.02 | 0.27 | <0.01 | <0.01 | 0.01 | 27 |
299503 | 513160 | 5680700 | 99.07 | 0.16 | 0.02 | 0.31 | 0.02 | <0.01 | 0.01 | 27 |
299504 | 513133 | 5680705 | 98.85 | 0.13 | 0.02 | 0.26 | 0.01 | <0.01 | 0.01 | 26 |
299508 | 513834 | 5679986 | 98.68 | 0.15 | 0.03 | 0.26 | 0.02 | <0.01 | 0.01 | 21 |
299509 | 513876 | 5679941 | 98.88 | 0.23 | 0.03 | 0.27 | 0.04 | <0.01 | 0.03 | 34 |
299510 | 513904 | 5679907 | 99.08 | 0.05 | 0.02 | 0.29 | <0.01 | <0.01 | 0.01 | 11 |
299511 | 513968 | 5679864 | 99.82 | 0.15 | 0.02 | 0.27 | 0.02 | <0.01 | 0.01 | 23 |
299512 | 514023 | 5679832 | 99.21 | 0.12 | 0.02 | 0.29 | 0.03 | <0.01 | 0.03 | 10 |
299513 | 514070 | 5679980 | 97.08 | 1.11 | 0.02 | 0.75 | 0.09 | 0.01 | 0.05 | 18 |
299514 | 514081 | 5680011 | 96.66 | 1.27 | 0.02 | 0.43 | 0.05 | 0.01 | 0.07 | 26 |
299515 | 514075 | 5680039 | 98.58 | 0.26 | 0.07 | 0.45 | 0.07 | 0.01 | 0.03 | 14 |
The remainder of samples were either taken near the contacts of the adjacent units or from non-quartzite outcrops of the adjacent Glenogle shale (east contact) and Beaverfoot dolomite (west contact) and were not included in the statistical summary of the quartzite samples taken.
Channel Sampling Results
Channel sampling was conducted at the Table Mountain Zone, with results consistently similar to the outcrop sampling results. Sampling procedure consisted of continuous chip sampling along a 3-centimetre cut channel. Samples were taken continuously over 1-metre intervals perpendicular to the strike orientation of the outcrop, with the sample sequence starting from the southwest end of the channel. Intervals shorter than 20 centimetres were combined with the previous interval. 66 continuous chip channel samples were collected over 62.11 metres within 74.16 metres in five channels, returning a weighted average of 98.86% SiO₂.
Four additional duplicates were taken as QA/QC checks and passed validation. Sample density is sufficient to indicate the accurate representation of the underlying mineralization.
See Figure 5 and Table 4 below.
Figure 5. Channel Sampling Locations - Table Mountain Zone

Table 4. Table Mountain Zone - Channel Sampling
Channel | From (m) | To (m) | Interval (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
TM1 | 0.00 | 4.74 | 4.74 | 98.83 | 0.15 | 0.01 | 0.30 | 0.01 | 0.01 | 0.01 | 24 |
TM2 | 0.00 | 5.80 | 5.80 | 98.88 | 0.10 | 0.01 | 0.33 | 0.01 | 0.01 | 0.01 | 10 |
5.80 | 6.30 | 0.50 | Overburden | ||||||||
6.30 | 8.83 | 2.53 | 98.90 | 0.10 | 0.01 | 0.30 | 0.01 | 0.01 | 0.02 | 7 | |
8.83 | 9.38 | 0.55 | Overburden | ||||||||
9.38 | 13.0 | 3.62 | 99.21 | 0.09 | <0.01 | 0.35 | 0.01 | 0.01 | 0.02 | 11 | |
TM3 | 0.00 | 7.60 | 7.60 | 99.03 | 0.11 | <0.01 | 0.32 | 0.01 | 0.01 | 0.02 | 7 |
7.60 | 10.20 | 2.60 | Overburden | ||||||||
10.20 | 11.00 | 0.80 | 99.08 | 0.11 | <0.01 | 0.27 | 0.01 | 0.01 | 0.02 | 6 | |
11.00 | 11.90 | 0.90 | Overburden | ||||||||
11.90 | 18.00 | 6.10 | 98.79 | 0.11 | <0.01 | 0.29 | <0.01 | 0.01 | 0.02 | 10 | |
TM4 | 0.00 | 5.22 | 5.22 | 99.09 | 0.09 | <0.01 | 0.33 | <0.01 | 0.01 | 0.02 | 12 |
TM5 | 0.00 | 3.80 | 3.80 | 98.82 | 0.15 | <0.01 | 0.29 | <0.01 | 0.01 | 0.04 | 15 |
3.80 | 4.50 | 0.70 | Overburden | ||||||||
4.50 | 7.00 | 2.50 | 98.85 | 0.12 | <0.01 | 0.31 | 0.02 | 0.01 | 0.02 | 20 | |
7.00 | 10.20 | 3.20 | Overburden | ||||||||
10.20 | 12.00 | 1.80 | 98.77 | 0.09 | <0.01 | 0.34 | 0.01 | <0.01 | 0.01 | 12 | |
12.00 | 13.00 | 1.00 | Overburden | ||||||||
13.00 | 17.50 | 4.50 | 98.30 | 0.15 | 0.09 | 0.34 | 0.02 | <0.01 | 0.01 | 13 | |
17.50 | 20.10 | 2.60 | Overburden | ||||||||
20.10 | 33.20 | 13.10 | 98.81 | 0.11 | <0.01 | 0.31 | 0.01 | <0.01 | 0.01 | 9 |
Discussion
Sampling results within the zones were consistently high purity, with the northern Table Mountain Zone returning the best and most consistent grades. The favourable grades reflect field observations of a broad zone of white quartzite measuring at least 150 metres wide and a strike length extending from the Trans-Canada Highway to the south and to the north, beyond the northern end of the Property, representing a total strike length of at least 4 kilometres. Although the western cliff face of Table Mountain clearly demarcates the western margin of the Mount Wilson Formation quartzite, the eastern margin is obscured by a deep boulder field originating from the extensive, steep quartzite exposure in this area.
Channels sampling results demonstrated a consistency in grade over a wide area within the Table Mountain Zone.
All samples were submitted to ALS Laboratories in North Vancouver, British Columbia for B-MS82L (boron) and ME-XRF26 (all other elements). Four sample duplicates were taken in the channel sampling sequence, and passed QA/QC.
* Cautionary Note
The reader is cautioned that grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
About the Table Mountain Project
The Table Mountain Silica Project comprises 2,304 hectares located 4 kilometres east of Golden, B.C., with excellent year-round access and proximity to the Canadian Pacific Railway Golden Rail Yard. The property hosts up to 10 kilometers of regionally mapped strike length of the Mount Wilson Formation, with apparent widths ranging from 300 to 1,400 metres at surface. The project is strategically positioned near both the Moberly Silica Mine and Sinova Quartz silica quarry, which exhibit economic grade silica greater than 99.6% SiO₂ purity.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.
ON BEHALF OF THE BOARD,
Rana Vig | CEO & Director Telephone: 604-218-4766
Email: rana@ranavig.com
Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
December 2024 Quarterly Activities & Appendix 4C Cashflow
Provaris Energy Ltd (ASX: PV1, Provaris, the Company) is pleased to provide the following summary of the Company’s development activities for the quarter that ended 31 Dember 2024.
HIGHLIGHTS OF THE QUARTER
Term Sheet with Uniper and Norwegian Hydrogen for supply and offtake is a breakthrough validation milestone
- Executed Term Sheet outlines the delivery of 42,500 tonnes per year of green hydrogen to Uniper, transported via Provaris’ H2Neo compressed hydrogen carriers. Deliveries could begin in early 2029 and will extend for a minimum of 10 years, establishing Europe’s first large-scale regional hydrogen marine transport project.
- Provides the basis of negotiating a binding Hydrogen Sale and Purchase Agreement which is targeted for June 2025, and a catalyst to mature discussions with shipyards and owners on shipping.
- Provaris and Norwegian Hydrogen continue to collaborate on the development of the supply of RFNBO compliant hydrogen from the Nordics.
- Ongoing work with Uniper on the optimal shipping schedule and import terminal solutions to ensure flexible and efficient transport.
Positive advancements in European supply chain developments continued in 2024
- Demonstrated compliance with Europe’s Renewable Energy Directive II (RED II) emissions standards for bulk hydrogen shipping using its proprietary H2Neo carrier on a round-trip between Norway and Germany.
- Advanced the conceptual design with Global Energy Storage (GES) of an initial 40,000 tpa compressed hydrogen import project in Rotterdam, including options for hydrogen storage at the terminal and connection to the Hynetwork Netherlands H2 network.
- Continued to qualify and advance a pipeline of supply chain opportunities in the European region suitable for Provaris’ carriers to deliver hydrogen at a superior cost to alternatives such as ammonia.
Commenced innovative CO2 Tank design with Yinson Production AS for bulk storage and shipping
- Commenced collaboration with Yinson on the technical design for an innovative large capacity CO2 tank design for bulk storage and marine transport of liquid CO2, provides a new market to commercialise Provaris tank IP.
- Concept Design phase progressed with the completion of a Basis of Design and Production Concept, including material selection and development of a Structural Design Model.
- Received USD 200,000 payment from Yinson for Technology Service Fees related to the Concept Design, in addition to external project costs being met.
- Yinson has a long track record in the construction of floating production, storage, and offloading vessels, with the strategy and financial backing to support the development of comprehensive carbon capture and sequestration supply chains.
Provaris Managing Director and CEO, Martin Carolan, commented:“The execution of a Term Sheet for hydrogen supply and offtake with Uniper is a breakthrough commercial milestone for Provaris, validating our focus on Europe to be the first regional market for bulk supply and recognising the benefits of our approach and delivered cost advantage in scaling hydrogen supply using compression.
We have seen this milestone catalyse several discussions with stakeholders and industry partners on other supply chain proposals and industry partners and an overall increase in activity going into 2025.
The diversification into the CO2 supply chain is now underway with the support and collaboration of a strong partner in Yinson, a leader in the offshore industry. Progress is being made on a innovate CO2 tank that could be a game- changer for the industry, which is advanced with transport infrastructure but still requires cost and transport efficiency to economically scale-up.”
Click here for the full ASX Release
This article includes content from Provaris Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Energy Technologies Limited 2Q FY2025 Quarterly Activities Report and Appendix 4C
Energy Technologies Limited (ASX: EGY or “the Company”), is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended December 2024 (“2Q FY2025”).
Key highlights:
- Unaudited sales revenue increased 17.5% over preceding quarter; and
- Subsequent to adoption of revised business plan, Manufactured and Purchased Sales Divisions awarded inaugural cable supply contract.
During 2Q FY2025, EGY:
- Unaudited sales revenue of A$2.61m, representing a 17.5% increase over the quarter ending 30th September 2024 (“1Q FY2025”);
- reported cash receipts of A$2.35m, a A$890k reduction on 1Q FY2025; and
- Sustained an Order Book of c. A$3.0m.
Operationally, the Board’s conviction as to the merits of the revised business plan is being validated with increased tender opportunities, higher margin sales and the initial tender awarded to the Manufactured and Purchased Sales Divisions associated with a significant infrastructure project in NSW (as detailed to the market on 25th November 2024).
While cash receipts for the quarter were 28% lower than 1Q FY2025, the results were consistent with management expectations and as a consequence of the revised business model transition (as to which refer Market Announcement on 31st October 2024 and prior). Moving forward, the Order Book quantum augurs well for a sustainable increase in both revenue and cash receipts.
EGY CEO Nick Cousins commented:“The business continues to rebuild through the re- positioning of its sales mix as highlighted by both the unaudited sales revenue uplift and a consistently high order book”.
Click here for the full ASX Release
This article includes content from Energy Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Westport Fuel Systems: Advanced, Clean Fuel Systems that Deliver Economic, Environmental Benefits
Westport Fuel Systems (NASDAQ:WPRT,TSX:WPRT) delivers advanced fuel system technologies, focused on heavy-duty and light-duty vehicles, to reduce carbon emissions without compromising engine performance. The company offers innovative solutions that enable internal combustion engines to operate on alternative low-carbon fuels, including natural gas, renewable natural gas (RNG) and hydrogen.
Westport operates in a rapidly growing and changing clean transportation market driven by stringent emission regulations, increasing fuel costs, and rising demand for sustainable mobility solutions.
The HPDI fuel system is engineered for heavy-duty trucks and industrial applications. By injecting high-pressure natural gas or hydrogen directly into the combustion chamber, HPDI delivers diesel-like torque and power with up to 98 percent lower CO₂ emissions when using hydrogen. This technology is critical for long-haul trucking and other high-load applications, where maintaining performance and range is essential. This technology is now owned under the Cespira JV, which generated a revenue of $16.2 million in Q3 2024.
Company Highlights
- Westport is a pioneer in the development and commercialization of alternative fuel delivery systems for natural gas, renewable natural gas (RNG), propane, and hydrogen-powered internal combustion engines (ICEs).
- The company is rooted in both the heavy-duty and light-duty vehicle market, leveraging Westport’s proprietary fuel technologies to deliver reductions in carbon emissions for both commercial and passenger vehicles.
- Westport’s High-Pressure Controls and Systems segment focuses on fuel management solutions for hydrogen and other pressurized alternative fuels.
- The flagship HPDI technology, now part of the company’s Cespira joint venture with Volvo Group, enables heavy-duty trucks to operate on natural gas or hydrogen, thereby substantially lowering CO₂ emissions while delivering diesel-equivalent or better performance.
- Westport’s growth trajectory is enhanced by key collaborations, most notably via the formation of Cespira, a joint venture with Volvo Group aimed at accelerating the global adoption of the HPDI technology.
This Westport Fuel Systems profile is part of a paid investor education campaign.*
Troy Minerals Eyes High-purity Silica Production in Mongolia in 2025
Troy Minerals (CSE:TROY,OTCQB:TROYF) is advancing its mining permit application for the Tsagaan Zalaa high-purity silica project in Mongolia, with plans for production by 2025, according to Yannis Tsitos, the company’s president.
“This is a high-quality project, and we are now advancing (with) a mining permit application," he said. "We're going to do it in the coming weeks … So please stay tuned for more public disclosure on this."
Tsitos also shared insights into Troy Minerals’ strategic focus and growth potential, with a portfolio centered on critical minerals like high-purity silica, vanadium and rare earth elements. The company aims to capitalize on surging demand for materials essential to green economies and advanced technologies, he said.
The Tsagaan Zalaa project is strategically located near the Chinese border, enabling quick access to the world’s largest silica market. “There's plenty of silica on Earth, but not much silica that's high purity. And I'm talking greater than 98.99 percent silica. It's primarily used for making photovoltaic solar panels,” Tsitos explained.
“It's generally an industry that, according to experts, will grow to more than $100 billion by 2030. There is tremendous growth in this, and there are bottlenecks on the supply side," he added.
Simultaneously, Troy is advancing its Table Mountain high-purity silica project in BC, Canada, aiming to supply industries in North America. Both projects promise a rapid transition to production, which Tsitos emphasized as a critical strategy for reducing reliance on external capital and limiting shareholder dilution.
Citing the company’s seasoned leadership and high-quality assets, Tsitos expressed confidence in Troy Minerals’ ability to generate near-term cashflow and long-term growth, saying 2025 will be a “fantastic year” as the company moves closer to production.
Watch the full interview with Troy Minerals President Yannis Tsitos above.
Disclaimer: This interview is sponsored by Troy Minerals (CSE:TROY,OTCQB:TROYF,FWB:VJ3). This interview provides information which was sourced by the Investing News Network (INN) and approved by Troy Minerals in order to help investors learn more about the company. Troy Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Troy Minerals and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Westport Fuel Systems
Investor Insight
Westport Fuel Systems’ innovative technologies and pioneered alternative fuel delivery systems offer a compelling case for investors looking to participate in the opportunities of a low-carbon economy.
Overview
Westport Fuel Systems (NASDAQ:WPRT,TSX:WPRT) specializes in delivering advanced fuel technologies, with a focus on heavy-duty and light-duty vehicles, aimed at reducing carbon emissions without compromising engine performance. As a key player in the clean transportation space, Westport offers innovative solutions that enable internal combustion engines to operate on alternative low-carbon fuels, including natural gas, renewable natural gas (RNG), propane and hydrogen.
Westport is focused on the following transportation market opportunities:
- HPDI (via Cespira): The new home of Westport’s keystone innovation, the High-Pressure Direct Injection (HPDI) system, targeting long-haul trucking and heavy-duty off-road applications. This technology allows trucks to operate on natural gas or hydrogen with diesel-like or better performance but lower CO₂ emissions. Launched in June of 2024, Cespira is Westport’s joint venture with Volvo Group and has already generated $16.2 million in revenue during Q3 2024.
- High-pressure Controls and Systems: Focuses on high-pressure fuel management solutions for hydrogen and other alternative fuel engines. Westport is embracing early-stage hydrogen infrastructure development and offers key components such as pressure regulators, injectors and fuel rails for both internal combustion engines and fuel cell applications. While hydrogen is key to the future decarbonization of transport, Westport’s components and solutions are already powering innovation today across a range of gaseous fuels.
- Light-duty: Specializes in LPG and CNG solutions, including fuel storage tanks, catering to OEM, delayed OEM, and independent aftermarket markets. The segment offers industry-leading direct injection engine technology that complies with EURO 7 and EPA 24 standards, along with lightweight, high-quality fuel storage solutions. Westport is the only company globally that integrates the manufacturing of mechanical components, electronics, and fuel storage systems, providing a seamless and efficient solution for our customers.
Market Position and Competitive Advantage
Westport operates in a rapidly growing and changing clean transportation market driven by stringent emission regulations, increasing fuel costs, and rising demand for sustainable mobility solutions. The company’s competitive edge lies in its proprietary HPDI technology, which uniquely delivers diesel-equivalent performance while significantly reducing carbon emissions. Westport’s joint venture with Volvo Group, under the Cespira name, enhances its ability to scale HPDI solutions globally.
Additionally, the company’s light-duty fuel systems offer a cost-effective pathway for reducing emissions in passenger vehicles, further diversifying its revenue streams. With manufacturing facilities and partnerships in key regions, Westport is well-positioned to capitalize on the growing demand for clean and affordable transportation solutions. Its Q3 2024 revenue totaled $66.2 million, with the Cespira JV generating an additional $16.2 million externally. The company’s gross margins also improved from 17 percent in Q3 2023 to 22 percent in Q3 2024.
Fleet operators and logistics companies are increasingly turning to alternative fuel vehicles to reduce operational costs and meet stringent ESG goals. In response, Westport continues to invest in innovation, particularly in hydrogen and renewable natural gas solutions.Company Highlights
- Westport is a pioneer in the development and commercialization of alternative fuel delivery systems for natural gas, renewable natural gas (RNG), propane, and hydrogen-powered internal combustion engines (ICEs).
- The company is rooted in both the heavy-duty and light-duty vehicle market, leveraging Westport’s proprietary fuel technologies to deliver reductions in carbon emissions for both commercial and passenger vehicles.
- Westport’s High-Pressure Controls and Systems segment focuses on fuel management solutions for hydrogen and other pressurized alternative fuels.
- The flagship HPDI technology, now part of the company’s Cespira joint venture with Volvo Group, enables heavy-duty trucks to operate on natural gas or hydrogen, thereby substantially lowering CO₂ emissions while delivering diesel-equivalent or better performance.
- Westport’s growth trajectory is enhanced by key collaborations, most notably via the formation of Cespira, a joint venture with Volvo Group aimed at accelerating the global adoption of the HPDI technology.
Key Technologies
HPDI Fuel System (transferred into the Cespira JV with Volvo Group)
The HPDI fuel system is engineered for heavy-duty trucks and industrial applications. By injecting high-pressure natural gas or hydrogen directly into the combustion chamber, HPDI delivers diesel-like torque and power with up to 98 percent lower CO₂ emissions when using hydrogen. This technology is critical for long-haul trucking and other high-load applications, where maintaining performance and range is essential. This technology is now owned under the Cespira JV, which generated a revenue of $16.2 million in Q3 2024.
The HPDI system features a revolutionary, patented injector with a dual concentric needle design that delivers small quantities of diesel fuel and large quantities of natural gas, at high pressure, to the combustion chamber.
Light-duty Fuel Systems
Part of its light-duty business segment, Westport’s light-duty solutions include a range of alternative fuel systems primarily for passenger vehicles. These systems enable vehicles to operate primarily onLPG and CNG, offering a cleaner, economic alternative to traditional gasoline. A key product in this segment is the globally recognized Prins VSI-3 DI, a revolutionary LPG system for vehicles equipped with direct injection petrol and hybrid engines. This LPG system complies with the latest global emission standards like Euro 6E WLTP and is R115 certified. The system is of high quality, extremely efficient and high performing, providing a smooth driving experience.
Additionally, the company has recently collaborated with Kia Italia to introduce the Kia Niro Tri-Fuel, a hybrid vehicle that combines petrol, electric and LPG fuel sources for improved efficiency and reduced environmental impact.
High-pressure Controls and Components
Westport’s high-pressure gaseous controls segment is at the forefront of the clean energy revolution, designing, developing and producing high-demand components for transportation and industrial applications. The company partners with the world's leading fuel cell manufacturers and companies committed to decarbonizing transport, offering versatile solutions that serve a variety of fuel types. While hydrogen is key to the future decarbonization of transport, Westport components and solutions are already powering innovation today across a range of gaseous fuels. With decades of experience, market-leading brands, and unmatched engineering expertise, the company is a leader in the market. While still small, its strategic position and innovative capabilities put Westport on the cusp of significant growth, ensuring it is the go-to choice for those shaping the future of clean energy, today and tomorrow.
Management
Westport is helmed by an accomplished executive team with extensive experience in automotive technology, alternative fuels and corporate strategy.
Dan Sceli - CEO
Dan Sceli was appointed as CEO in January of 2024. His distinguished 37-year career in the global manufacturing sector marks him as a visionary leader, whose strategic acumen and commitment to excellence have propelled companies to new heights.
Bill Larkin - CFO
Bill Larkin has been instrumental in strengthening the company’s financial position since joining in 2022. With prior experience as CFO of Fuel Systems Solutions and Westport Innovations, Larkin’s experience spans a diverse set of corporate environments ranging from entrepreneurial startups, high growth small-caps and mature multi-billion dollar enterprises across various industries.
Ashley Nuell - VP of Investor Relations
Ashley Nuell joined Westport in May of 2022 and currently has approximately 20 years of experience in investor relations. Her career includes roles with companies at various parts of the energy sector value chain, as well as in the investor relations and stakeholder communications practice area of a global consulting firm.
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