Wellgreen Platinum and Ferus NGF sign MoU

Wellgreen Platinum signed an agreement with Ferus Natural Gas Fuels that advances the natural gas market in Canada’s Yukon Territory.

This new partnership supports the delivery of clean liquefied natural gas (LNG) to power Wellgreen’s PGM-Nickel-Copper mining project. The site is located in the southwest region of the Yukon, and could be the first mining project in Canada powered by LNG.

Ferus NGF’s LNG facility in Elmworth, AB supplies clean alternative fuel for Western Canada’s high horsepower and clean power sectors – including mining, rail, drilling, pressure pumping, trucking, marine, and remote power generation. This agreement with Wellgreen would enable communities in the Yukon to benefit from this low-cost, low-emission LNG in place of diesel generators, strengthening the region’s economic and environmental vitality.

In signing this MOU, both companies have agreed to work with other Yukon businesses, communities and First Nations to explore additional clean fuel opportunities, and will assess the need for an LNG plant in proximity to Wellgreen’s mine, which would reduce transport cost and make LNG even more readily available to other mining and power projects in the region.

Press Release, August 14, 2014; Image: Encana