Mazarin, Asbestos Corp. enter partnership with KSM

2017-12-04 11:52 ET - News Release

Also News Release (C-AB) Asbestos Corp Ltd
Mr. John LeBoutillier reports
MAZARIN INC. AND SUBSIDIARY ASBESTOS CORPORATION LIMITED ANNOUNCE A PARTNERSHIP WITH KSM INC.
Mazarin Inc. and subsidiary Asbestos Corp. Ltd. have entered into a partnership with KSM Inc. Under the terms of the agreement by which Asbestos Corp. becomes a shareholder of KSM and the latter will have access to certain metals contained in the chrysotile tailings.

A newly formed company based in Thetford Mines, KSM is focusing its efforts on developing a patented process to produce fertilizers. This new technology was acquired from Dundee Sustainable Technologies in exchange for cash and an ownership stake in KSM and is based on the utilization of low-cost potash, sulphuric acid and metals contained in chrysotile tailings for the production of high-end, sulphate-based fertilizers.

"We are pleased that KSM has obtained a $125,000 grant from the Quebec government as part of a $250,000 financing round," said John LeBoutillier, president of both companies. "These funds will be used by KSM to produce fertilizers at the pilot scale and to perform tests in the field and in greenhouse farms."