Fancamp enters TiO2 feedstock deal with Di Cesare

Sep 14, 2018

2018-09-13 16:17 ET – News Release

Dr. Peter Smith reports

FANCAMP ANNOUNCES TIO2 FEEDSTOCK – INDUSTRIAL SYNERGY ROUTE

Fancamp Exploration Ltd. has entered into a service agreement with Enrico Di Cesare, whereby the latter will assist Fancamp in the strategic development of green TiO2 (titanium dioxide) feedstock and related byproducts through associations with current industrial users and their product requirements. This activity will be accompanied by a licence and royalty agreement between Fancamp and NSGI Inc., of which Mr. Di Cesare is a principal, and the subject of a memorandum of understanding, which is currently in preparation. This process will initially involve a proof-of-concept undertaking, which will be initiated this month, followed by creation of patentable intellectual property as well as a strategic effort with suppliers and complementary industry partners. A part of Mr. Di Cesare’s compensation will include the grant of a five-year option on one million shares of Fancamp share capital at eight cents per share.

This route runs parallel with the company’s continuing government supported Magpie Process research project and is, in effect, another business model which would strengthen that project, further mitigate risk, and expose the company to opportunities and financing options that it might not otherwise see. The process will, in addition, create jointly owned intellectual property.

The proof-of-concept program will be under the direction of Mr. Di Cesare, whose extensive and proven experience in the industry will provide the technical leadership required.

About Fancamp Exploration Ltd.

Fancamp Exploration is a Canadian junior mineral exploration company. The company has an exceptional inventory of resource properties in three provinces: Quebec, Ontario and New Brunswick.

http://www.fancampexplorationltd.ca/