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NanoStruck Announces Appointment of Brian Mok as Senior Mining Consultant
|By Business Wire
|January 31, 2014 07:35 AM EST
NanoStruck Technologies Inc. (the “Company” or “NanoStruck”)
(CSE:NSK) (OTCQX:NSKTF) (Frankfurt:8NSK) announces the appointment of
Mr. Brian Mok as Senior Mining Analyst as a Consultant-In-Residence.
Mr. Mok has been involved with the mining industry for the past 17
years. He is a Senior Mining Analyst at BG Partners Corp., a
Canadian-based resource investment group that finances and invests in a
portfolio of companies, from where he has been seconded to NanoStruck to
help build the Company’s NanoMet solutions that recover precious metals
from mine tailings.
Mr. Mok was previously Senior Mining Analyst, Capital Markets Group for
Union Securities Ltd.; his focus was on micro and small cap names in
Precious Metals, Base Metals and Bulk Commodities.
His previous roles also include Research Associate, Metals & Mining, and
Gold for Scotia Capital Inc. Prior to his career in capital markets, Mr.
Mok has previously served as a project engineer and a sales engineer in
Canada, the USA and Europe. Mr. Mok is a Professional Engineer and a
Member of the Association of Professional Engineers of Ontario.
Bundeep Singh Rangar, Chairman of the Board, said: “We are pleased to
have Mr. Mok assist us in building the NanoMet proposition, where his
understanding of both our technology and the market’s commercial drivers
are a real asset for our Company.”
About the Company
NanoStruck Technologies Inc. is a Canadian Company with a suite
of technologies that remove molecular sized particles using patented
absorptive organic polymers. These versatile biomaterials are derived
from crustacean shells or plant fibers, depending on requirements of
their usage. Acting as molecular sponges, the nanometer-sized polymers
are custom programmed to absorb specific particles for remediation or
retrieval purposes. These could be used to clean out acids,
hydrocarbons, pathogens, oils and toxins in water via its NanoPure
solutions or to recover precious metal particles in mine tailings, such
as gold, silver, platinum, palladium and rhodium using the Company’s
By using patented modifications to conventional technologies and adding
polymer-based nano-filtration, the Company offers environmentally safe
NanoPure solutions for water purification. The Company uses
Environmental Protection Agency (EPA) and World Health Organization
(WHO) guidelines as a benchmark for water quality and safety to conform
to acceptable agricultural or drinking water standards in jurisdictions
where the technology is used.
Additionally, the Company’s technology can be used to recover precious
and base metals from mine tailings, which are the residual material from
earlier mining activities. By retrieving valuable metals from old
tailing dumps, the Company’s NanoMet solutions boosts the value of
existing mining assets and reduces the need for new, costly and
potentially environmentally harmful exploration and mining.
The company’s NanoPure technology was first deployed to treat wastewater
from a landfill site in January 2012 in Mexico. It has since been
successfully treating and producing clean water there that’s certified
by Conagua, the federal water commission of Mexico.
The Company’s current business model is based on either selling water
remediation plants or leasing out units and charging customers on a
price per liter basis with a negotiated minimum payment per annum. For
processing mine tailings, the value of precious metal recovered is
shared with tailing site owners on a pre-agreed basis.
NEITHER THE CANADIAN NATIONAL STOCK EXCHANGE NOR ITS REGULATORY
SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any
of the words "anticipate", "continue", "estimate", "expect", "may",
"will", "project", "should", "believe" and similar expressions are
intended to identify forward-looking statements. Statements relating to
"reserves" or "resources" are deemed to be forward-looking statements
because they involve the implied assessment, based on certain estimates
and assumptions that the resources and reserves described can be
profitably produced in the future.
Although the Company believes that the expectations and assumptions on
which the forward-looking statements are based are reasonable, undue
reliance should not be placed on the forward-looking statements because
the Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties.
These statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated due to
a number of factors and risks including various risk factors discussed
in the Company’s Management’s Discussion and Analysis for the nine
months ended June 30, 2013 and filed on August 29, 2013 and for the year
ended September 30, 2012 and filed on January 23, 2013 under the
Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE
COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME.
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