Titanium Corp. receives project funding

Titanium Corp. Inc.’s “Creating Value from Waste” project has been selected to receive up to USD 4.9 million in financing from Sustainable Development Technology Canada (SDTC). The funding will be used to advance the demonstration of technologies that recover valuable products from oil sands tailings and deliver environmental improvements. The pilot demonstration project, which will be led by Titanium, includes consortium members Syncrude Canada Ltd, Sojitz Corp. and the government of Alberta. The project aims to develop and demonstrate technology to recover valuable products from oil sands tailings, including heavy minerals, hydrocarbons and water. Titanium’s technology is designed to be applicable to all open-pit oil sands operations and reduce emissions at oil sands sites. Treatment and reuse of tailings water by Titanium’s process have the potential to reduce the consumption of fresh river water and the footprint of tailings ponds. In addition to the SDTC funding, the project also received a USD 3.5 million energy innovation grant from the Alberta government.
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