CALGARY, AB, Nov. 24, 2021 /PRNewswire/ - Certarus Ltd.
("Certarus" or the "Corporation") has entered into a long-term
agreement with McEwen Mining Inc (NYSE: MUX) (TSX:
MUX) to convert and supply the Fox Complex in
Matheson, Ontario with compressed
natural gas (CNG) for mine air heating in the underground
ventilation system. CNG will be used to replace propane as the
primary fuel for heating at both the Froome and Black Fox
Mines.
CNG is a high-performance, lower carbon fuel alternative that
offers cost savings and emission reduction benefits. In addition to
helping to lower the mine's carbon footprint, the flexibility of
Certarus' mobile decompression and storage equipment also allows
for the CNG fueling system to be removed in the summer months when
it is no longer required for mine air heating.
"Certarus specializes in delivering lower carbon fuel options to
customers in isolated areas – and it doesn't get more remote than
the bottom of an open pit mine. While the site poses a few
logistical challenges, we can safely deliver clean CNG to help
McEwen maintain operations, reduce emissions, and improve
environmental performance at the Fox Complex. This is our first
time mobilizing in a pit mine, and it serves as another great
example that Certarus can deliver low carbon energy solutions to
our customers, anywhere they operate," said Curtis Philippon, President & CEO of
Certarus.
"At McEwen Mining, we are constantly looking for new ways to
improve the environmental performance of our operations. With
Certarus' mobile CNG delivery, we have a better option to heat our
mines, without having to install and store permanent fuel tanks. We
can lower costs, simplify fuel logistics, and reduce our carbon
footprint. That's a big win for our business," said Rory
Greyvensteyn, Director of Operations, McEwen Mining Canada.
ABOUT MCEWEN MINING
McEwen Mining is a diversified gold and silver producer and
explorer focused in the Americas with operating mines in
Nevada, Canada, Mexico and Argentina.
ABOUT CERTARUS
Certarus is the North American leader in providing low carbon
energy solutions through a fully integrated compressed natural gas
(CNG), renewable natural gas (RNG) and hydrogen platform. The
company safely delivers clean burning fuels to energy, utility,
agricultural and industrial customers not connected to a pipeline.
By displacing more carbon intensive fuels, Certarus is leading the
energy transition and helping customers lower operating costs and
improve environmental performance. With the largest fleet of
specialty trailers in the world, the company is uniquely positioned
to meet the growing demand for low and zero emission fuel
distribution. For more information, visit www.certarus.com.
FORWARD-LOOKING STATEMENTS
Certain information contained in this document constitutes
forward-looking statements. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond the Corporation's control including the impact of
general economic and market conditions, the impacts of the COVID-19
pandemic, industry conditions, volatility of commodity prices,
currency fluctuations, environmental risks, competition from other
industry participants, the lack of availability of qualified
service providers, personnel or management, the ability to access
sufficient capital from internal and external sources, the ability
to obtain required consents, permits or approvals and the risk that
actual results will vary from the results forecasted and such
variations may be material. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Corporation's actual results,
performance or achievement could differ materially from those
expressed in or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what benefits the Corporation will
derive therefrom.
The forward-looking statements contained in this document are
made as of the date hereof. Certarus disclaims any intention and
assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law. Additionally, Certarus
undertakes no obligation to comment on the expectations of, or
statements made by, third parties in respect of the matters
discussed above.
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SOURCE Certarus Ltd.