Sidney Resources Corporation and Xtra Energy Corporation Sign a Non-disclosure and Non-Circumvent Agreement in Order to Collaborate on the Refining, Processing, and Prospective Construction of an Antimony-producing Plant in the State of Nevada
COEUR D' ALENE, ID / ACCESSWIRE / June 26, 2023 / Sidney Resources Corporation (OTC PINK:SDRC) is excited to announce a signed non-disclosure and non-circumvent agreement with Xtra Energy Corporation (OTC PINK:XTPT), through its wholly owned subsidiary Irish Metals, LLC, a clean technology, clean refining, clean water, exploration, and extraction company that strives to change the way the world develops how metals are produced. Xtra Energy Corporation, an antimony exploration company focused on developing its flagship project "American Antimony", approximately 31 miles northeast of Eastgate, Nevada. The goal of this NDA is to lay the groundwork for collaboration between Irish Metals and Xtra Energy on ore refinement and processing techniques, with the ultimate goal of developing an antimony-producing plant in Nevada in close proximity to the American Antimony Project.
Irish Metals has enhanced antimony processing with near-zero emissions and enhanced economics. This method is the first significant modification to the antimony extraction process since the Sunshine Antimony Process was introduced in 1943 by W.C. Holmes and updated in the 1990s by C. Anderson et al. Prior to that, pyrometallurgical methods had been used for hundreds of years. The outdated Sunshine Antimony method is not an effective stand-alone method. The process was effective, but it required an excessive amount of reagents, produced large quantities of salty water, yielded antimony metal products of poor quality, and made filtering of solids residue difficult. In addition, secondary treatment was typically required to recover significant metal values. The Irish Metals process has incorporated the secondary treatment and produces a marketable antimony product. The process uses minimal water and significantly reduced quantities of reagents. In addition to antimony, the process can recover value-added metals to include silver, copper, cobalt, nickel, zinc, and manganese. These value-added metals can be the deciding factor in project profitability. The American Antimony Project will be utilized to provide a case study to demonstrate the efficacy of the Irish Metals process.
Overall, this process will generate much less waste, which is beneficial for the country and the environment, and will produce more critical metals that were not produced by the outdated Sunshine Antimony process. It is unlikely that anyone has a comparable process. Pyrometallurgical methods are undesirable because they require more energy and produce greenhouse gases along with arsenic and mercury emissions. Most antimony concentrates contain arsenic and mercury which are volatile and difficult to remove from the gas stream even with modern emissions. Previously used hydrometallurgical processes are undesirable because permitting would be difficult as they produce excess water emissions without the addition of expensive water treatment.
Sean-Rae Zalewski, Chief Executive Officer of Sidney Resources, commented on the signed agreement with "Sidney Resources Corporation is looking forward to collaborating with the experienced team at Xtra Energy Corp. that has demonstrably driven Xtra Energy forward to re-establish the USA as an independent Antimony Producing Nation not to be dependent on potential foreign supplies. SDRC is looking forward in assisting XTPT to produce antimony with a plant and operation that can reduce the environmental Impact and produce cost effective Antimony for Domestic Use."
Mac J. Shahsavar, P.Eng. Chairman and CEO of Xtra Energy Commented "Xtra Energy is focused on Executing its development of the Antimony Production with the best Environmental Impact. SDRC's Irish Division provides a significant step forward in Antimony Production that is significant in production of Non-Wet Antimony Production that is much more friendly to the Environment. Since the United States doesn't have any antimony producing mine; it is XTPT's objective to change that. SDRC's Irish Metals, LLC, Division can assist with new refining techniques that is created by Mike Irish to safely extract the highest extracted mineral with zero liquid discharge and least hazardous minerals such as arsenic and lead."
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About Sidney Resources Corp.
Originally founded in 1896 and incorporated in 1910, Sidney Resources Corporation is a clean technology, clean refining, clean water, exploration, and extraction company that strives to change the way the world develops. Most importantly, these efforts will provide a better, cleaner world so our children can express their brilliance to the highest of their potential without the teratogens and toxins that inhibit development. Our future lies in our future generation's ability to solve problems. Our focus is to develop technologies and implement cleaner methodologies that are not only positive from an economic perspective but are also designed to maintain a sustainable future.
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 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.
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SOURCE: Sidney Resources Corp.
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