Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Not to forget this agreement
Vivakor (NASDAQ:VIVK) Inc told investors it has signed a lease with Tar Sands Holdings II (TSHII) and an agreement with Greenfield Energy, which, together, are expected to provide it with multiple years of rich oil sands supply, along with access to world-class operational services.
The South Salt Lake City, Utah-based company said the multi-year lease allows it up to 2,000 tons per day of oil sand material, which is guaranteed by TSHII to be at a minimum of 10% hydrocarbon by weight, that is expected to produce up to 200 tons of asphalt cement per day when processed through four of Vivakor (NASDAQ:VIVK)'s patented Remediation Processing Centers (RPCs).
"Locking in a reliable supply of rich, raw oil sands was an important step in preparation to execute long-term sales contracts and prepare for the continual production and sale of asphalt at our Vernal, Utah facility," CEO Matt Nicosia said in a statement.
Clean sand at over $70 a tone
Then the oil with super low sulphur, must be around $90 a barrel
Running a 5000 barrel plant a day and 7500 tones of sand a day to sell
Then the add on
50% sand royalty and oil royalty with other co using our land.
Nope, as we wont be using their plant designee so no royalties to Petroteq.
But Tomco have a bad habit of jumping from one thing to another and not seeing the job through. eg Turbo Shale then Radio frequency, on to Sand extraction then Huff and Puff now back to sand extraction.