Cardero Resource Signs Letter of Intent with Conifex Timber for Transload Facility

Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) thru its subsidiary, Cardero Coal Ltd., has signed a non-binding letter of intent with Conifex Timber Inc. on a proposed lease of land located within the Industrial Zone at Mackenzie, BC.

As quoted in the press release:

Cardero Coal intends to develop the site as a metallurgical coal transload facility, which would handle all aspects of coal transfer from barge to rail (“Transload Facility”). Cardero Coal has also entered into discussions with Navcor Inc. (“Navcor”), a wholly-owned subsidiary of Conifex, to negotiate a Transload Operating Agreement for the planned Transload Facility.

Click here to read the Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) press release

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