Atco Mining Applauds Newfoundland Government for Whittling Down List of Wind Project Bids to Nine Companies
Looks to Make Final Decision by End of August 2023Vancouver, July 25th, 2023 - Atco Mining Inc. (the "Company" or "Atco") (CSE:ATCM); (OTC:ATMGF); (Frankfurt:QP9) is pleased to announce that there are now nine companies with a chance to build green hydrogen projects on Crown land in Newfoundland and Labrador. The Department of Industry, Energy and Technology announced that it has whittled down the list from 24 proposals by 19 different companies. The government is expecting to finish the second and final round of decisions by the end of August.
While the department is not naming the companies, CBC News has been able to verify eight of the nine and where their plans are located. They are:
-
Pattern Energy at the Port of Argentia.
-
Brookfield Renewable Partners in Placentia Bay.
-
ABO Wind in Come By Chance.
-
North Atlantic in Come By Chance.
-
Everwind Fuels on the Burin Peninsula.
-
Exploits Valley Renewable Corporation in central Newfoundland.
-
World Energy GH2 on the southwest coast of Newfoundland.
-
Fortescue Future Industries on the southwest coast of Newfoundland
"This is an amazing announcement" says Etienne Moshevich, CEO of Atco Mining. "I am elated with this news as it proves that the Government of Newfoundland is steadfast on not only creating jobs for the area in addition to attracting billions of dollars of investment. If and when this is finalized and bids are given, this would be an extremely positive sign for Atco as we look to define our salt caverns and position ourselves as the go-to storers of hydrogen in the area."
For more information on this news, here is a link to the news release found on CBC: https://www.cbc.ca/news/canada/newfoundland-labrador/wind-hydrogen-projects-granted-first-stage-approval-1.6899769
About Atco Mining (CSE: ATCM):
Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS deposits in Saskatchewan as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company's website here: www.atcomining.com
For further information contact:
Email: info@atcomining.com
Telephone: (604) 681-0084
www.atcomining.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. The Canadian Securities Exchange has not in any way approved nor disapproved the contents of this news release.
FORWARD LOOKING STATEMENTS:
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.