Utah Funding . From AGM statement23 Sep 2021 19:28
When you look through these paragraphs from the AGM statement re Utah, I get more and more confident that we not only will get the funding required, but a lot of the site requirements are all ready in place————
Extracts from AGM statement
The Site has existing infrastructure, plant and equipment, together with an existing Large Mine Permit No. M0470032, that could facilitate any future development by Greenfield
“Greenfield is in advanced discussions with potential off-takers of both oil and sand from the Site and the results from the due diligence exercise, that is substantially complete, have so far been positive and it appears ideally suited for the construction, subject to funding, of Greenfield’s first commercial scale plant
Just over two months ago, on 2 July 2021 we announced that Greenfield had successfully completed all of its planned trial work utilising Petroteq Energy Inc’s existing oil sands plant at Asphalt Ridge, Utah (the “POSP”). This provided the essential data and information that was required to inform the FEED (Front-End Engineering and Design) study, together with providing valuable knowledge that we believe can be utilised in commercial scale plants.