NanoStruck Announces Appointment of Brian Mok as Senior Mining Consultant
January 31 2014 - 7:35AM
Business Wire
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 NanoMet solutions.
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.
NanoStruck Technologies Inc.On behalf of the Board of
Directors:Raj Kurichh, +1 905-813-0900Chief Marketing
Officerinfo@nanostruck.comwww.nanostruck.com
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