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Sidney Resources Corp. Announces Full Acquisition of Irish Metals, LLC and Welcomes New Chief Scientific Officer Mike Irish to the Sidney Team

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Rhea-AI Summary

Sidney Resources Corporation (SDRC) has completed its acquisition of Irish Metals, LLC. This strategic move brings Mike Irish on board as the Chief Scientific Officer. Irish, a seasoned engineer, will leverage his expertise to guide Sidney Resources in developing transformative mining technologies and enhancing access to grant funding. Key projects include recovery processes for cobalt and rare earth minerals in collaboration with federal labs, with potential funding proposals worth $5-10 million. This acquisition aims to bolster the company’s focus on clean refining technologies and environmental sustainability.

Positive
  • Acquisition of Irish Metals, strengthening technological development.
  • Engagement of Mike Irish as CSO, providing expertise in mining and engineering.
  • Access to potentially significant grant funding for transformative projects.
  • Focus on clean refining technologies aligns with environmental sustainability goals.
Negative
  • None.

COEUR D'ALENE, ID / ACCESSWIRE / February 23, 2023 / Sidney Resources Corporation, (OTC PINK:SDRC) is excited to announce the completed acquisition and merger of Irish Metals, LLC. In addition to the completed acquisition comes the engagement of Mike Irish as the new Sidney Resources Chief Scientific Officer. As the company CSO Mike Irish will provide guidance to the future umbrella of companies owned by Sidney Resources Corp. This advancement will also provide Sidney greater access to grant funding to continue to develop additional transformative and disruptive technologies.

Sidney Resources Corp., Thursday, February 23, 2023, Press release picture

Mike Irish is a registered professional engineer in environmental engineering with a BS and MS in metallurgical engineering from the University of Idaho. He has a lifelong interest in chemistry and has created many unique unit operations and analytical procedures over his 35+ years' experience in the copper, cobalt, silver and gold mining industries. This included several years at the Sunshine Silver Refinery and the Cripple Creek & Victor gold mine.

Mr. Irish founded Irish Metals LLC in 2013 to support and develop new technologies and processes for mining and other industries. Over the years, he has applied his ability to solve complex issues, improve performance and optimize economics to develop many specific technologies. Most recently Irish Metals has worked under a U.S. Dept. of Energy Critical Minerals Institute Grant to recover of Co, Ni, Mn, Cu, Fe, graphite, and Li from recycled lithium-ion batteries. As a result of this work, he has become acquainted with many of the national labs and has collaborated with several teams. There is great potential for further grant-funded work.

As a professional environmental engineer, a primary focus is to develop processes that are zero-liquid discharge, produce minimal waste, and are energy and chemically efficient with minimal air or water impacts. All the projects listed below include these as essential components.

Current Irish Metal Projects:

  • Develop extraction, recovery, and purification processes for the mines in the Idaho cobalt belt. Irish Metals in collaboration with Oak Ridge Laboratory and Idaho National Lab are currently writing a 5 to 10-million-dollar grant proposal for this project.
  • Explore rare earth mineral and manganese deposits within the Sidney Resources claims and maximize the processes of recovery for these ore bodies.
  • Federal grant funds are abundant, and a number of collaboration opportunities exist for these projects.
  • Pilot and commercialize a leaching and recovery technologies that can be used for the Perpetua mine in Idaho and many additional mining sites worldwide.
  • Commercialize the process used to recover the strategic elements from recycled lithium-ion batteries and other materials.
  • Develop new methods of creating clean water processes and utilize existing technologies and developed processes for producing clean water.

On the successful acquisition Sidney Resources Chief Executive Officer Sean-Rae Zalewski commented:

"The acquisition of Irish metals and the addition of its founder, Mike Irish as CSO, provides critical infrastructure to the foundation of the Sidney Umbrella of Companies.

"In addition to his proven expertise in maximizing yield from ore we also will be utilizing Irish Metal's to focus on clean refining technologies and environmental clean up with various established private sector hedge funds, Federal and State Government entities, existing and expanding First Nation and Tribal Government relationships, and international clean water technology groups.

"Mike's brilliance and vision in clean ore refining and history of actionable change to the environment provides integral support to the transformation and expansion of Sidney Resource Corporation. Our focus is to support the growing and expanding needs of America's Critical Minerals Act and the CHIPS act.

"Our focus is to implement processes that are not only positive from a capital perspective but also leave the environment cleaner than when we found it.

"As a clean technology, clean refining, and clean water company we will change the way the world develops and most importantly provide a better, cleaner world so our children can develop and express their brilliance to highest of their potential without the teratogens and toxins that inhibit development. Our future lies in our future generation's ability to problem solve.

"This is just the beginning."

Contact & Learn More:

Sidney Resources Corporation
Phone: 509-552-9858
dan@sdrccorp.com

Corporate Website: http://sidneyresources.com/
Corporate Linkedin: https://www.linkedin.com/company/sidney-resources-corp/
Corporate Twitter: https://twitter.com/SDRCMINING
Corporate Instagram: https://www.instagram.com/sidney_resources_corp/

About Sidney Resources Corp.

Sidney Resources is conducting exploration and development work to determine the values of ore bodies located on three patented claims, The Lucky Ben, Lucky Ben Extension and Hornet properties totaling 53 acres. Sidney then has an additional fourteen unpatented claims totaling 300 acres directly adjacent all located in the famous Warren Mine District of Idaho. Originally founded in 1896 and incorporated in 1910, Sidney Resources Corporation is more than just a mining and exploration company. Sidney Resources Corporation also recently acquired the "Graduated Optical Collimator" and is applying the academic conceptualization, computer modeling, and study of laser technology to now actively engineer and design inaugural "thermal fracturing" prototype units for the mining industry and adjunct applications in the areas of construction and rescue where safe and efficient removal of material is required.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/SDRC/disclosure.

SOURCE: Sidney Resources Corp.



View source version on accesswire.com:
https://www.accesswire.com/740462/Sidney-Resources-Corp-Announces-Full-Acquisition-of-Irish-Metals-LLC-and-Welcomes-New-Chief-Scientific-Officer-Mike-Irish-to-the-Sidney-Team

FAQ

What did Sidney Resources Corporation announce on February 23, 2023?

Sidney Resources Corporation announced the acquisition of Irish Metals, LLC, and the appointment of Mike Irish as Chief Scientific Officer.

How will the acquisition of Irish Metals impact SDRC?

The acquisition is expected to enhance SDRC’s capabilities in developing new mining technologies and improve access to grant funding for projects.

What are the key projects that Irish Metals is working on after the acquisition?

Key projects include developing extraction processes for cobalt, exploring rare earth mineral deposits, and commercializing technologies to recover materials from recycled lithium-ion batteries.

Who is Mike Irish, and what role will he play at SDRC?

Mike Irish is a seasoned environmental engineer and the founder of Irish Metals. He will serve as Chief Scientific Officer, guiding the company's technology development.

What is the significance of the partnership between SDRC and federal labs?

The partnership aims to secure funding and support for projects focused on critical minerals recovery and environmental cleanup.

SIDNEY RESOURCES CORP

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