Wellgreen Platinum Could Have First Mining Project in Canada to be Powered by LNG

- August 15th, 2014

Wellgreen Platinum Ltd. (TSXV:WG) has entered an agreement with Ferus Natural Gas Fuels Inc. to support the delivery of liquefied natural gas (LNG) to power Wellgreen’s PGM-nickel-copper mining project in Canada’s Yukon.

Wellgreen Platinum Ltd. (TSXV:WG) has entered an agreement with Ferus Natural Gas Fuels Inc. to support the delivery of liquefied natural gas (LNG) to power Wellgreen’s PGM-nickel-copper mining project in Canada’s Yukon. The site could be the first mining project in Canada to be powered by LNG.

As quoted in the press release:

In signing this MOU, both companies have agreed to work with other Yukon businesses, communities and First Nations to explore additional clean fuel opportunities, and will assess the need for an LNG plant in proximity to Wellgreen’s mine, which would reduce transport cost and make LNG even more readily available to other mining and power projects in the region.

Wellgreen Platinum’s president and CEO, Greg Johnson, said:

This clean energy project is a natural fit for Wellgreen and gives us a second source of cost-effective and clean energy that can meet the energy needs and timelines of the project. Our platinum group metals are used in catalytic converters to significantly reduce harmful vehicle emissions, and we are searching for ways to use clean energy to produce those metals. In addition to the environmental and economic benefits of LNG for our project, we see the potential for LNG to benefit our neighbouring Yukon communities, many of whom currently rely on diesel for power generation. We are pleased to be in discussions with Ferus NGF for their Western Canadian based supplies of LNG.

Click here to read the Wellgreen Platinum Ltd. (TSXV:WG) press release.

Leave a Reply