VANCOUVER, British Columbia, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. (“Fancamp” or the “Company”) (TSX VENTURE: FNC) wishes to announce it has entered into a Service Agreement with Enrico Di Cesare, whereby the latter will assist Fancamp in the strategic development of “green” TiO2 feedstock and related by-products through associations with current industrial users and their product requirements. This activity will be accompanied by a license and royalty agreement between Fancamp and NSGI Inc., of which Mr. Di Cesare is a principal, and the subject of an MOU 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 and 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 1 million shares of Fancamp share capital @$0.08 per share.
This route runs parallel to the Company’s ongoing 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
Fancamp Exploration Ltd. is a Canadian junior mineral exploration company. It continues to evolve into a holder of shares in partner companies together with royalties. The Company has an exceptional inventory of resource properties in three provinces; Quebec, Ontario and New Brunswick. The commodities include gold, base metals, chromium, titanium and iron. The Company is a reporting issuer in British Columbia, Alberta, Ontario and Quebec and its common shares are listed for trading on the TSX Venture Exchange under the symbol FNC.
For further information, please contact
Peter H. Smith PhD., P.Eng.(Ont) – President 1-514-481-3172
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.