Sidney Resources Corporation (OTC:SDRC) announced that it has completed its acquisition and merger of Irish Metals, LLC.
The exploration company and resource project developer also said it has appointed Mike Irish as its new chief scientific officer (CSO).
“The acquisition of Irish metals and the addition of its founder, Mike Irish as CSO, provides critical infrastructure to the foundation of the Sidney Umbrella of Companies,” Sidney Resources CEO Sean-Rae Zalewski said in a statement.
WATCH: Sidney Resources eyes expansion as it prepares for production from its Lucky Ben Mine
“In addition to his proven expertise in maximizing yield from ore we also will be utilizing Irish Metals to focus on clean refining technologies and environmental clean up with various established private sector hedge funds, Federal and State Government entities, existing and expanding First Nation and Tribal Government relationships, and international clean water technology groups,” Zalewski added.
Sidney Resources noted that as CSO, Irish will provide guidance to the future umbrella of companies owned by Sidney as well as help provide Sidney with greater access to grant funding to continue to develop additional transformative and disruptive technologies.
The company added that as a professional environmental engineer, Irish’s primary focus is to develop processes that are zero-liquid discharge, produce minimal waste, and are energy and chemically efficient with minimal air or water impacts.
Irish Metals’ current projects include:
- Developing extraction, recovery, and purification processes for the mines in the Idaho cobalt belt. Irish Metals in collaboration with Oak Ridge Laboratory and Idaho National Lab are currently writing a $5 million to $10-million grant proposal for this project;
- Exploring rare earth mineral and manganese deposits within the Sidney Resources claims and maximizing the processes of recovery for these ore bodies;
- Tapping into the abundance of federal grant funds as well as a number of collaboration opportunities that exist for these projects;
- Piloting and commercializing leaching and recovery technologies that can be used for the Perpetua mine in Idaho and many additional mining sites worldwide;
- Commercializing the process used to recover the strategic elements from recycled lithium-ion batteries and other materials and;
- Developing new methods of creating clean water processes and utilizing existing technologies and developed processes for producing clean water.
Zalewski further stated the company’s focus is to support the growing and expanding needs of America's Critical Minerals Act and the Creating Helpful Incentives to Produce Semiconductors and Science (CHIPS) act.
Sidney Resources is conducting exploration and development work to determine the values of ore bodies located on three patented claims, The Lucky Ben, Lucky Ben Extension and Hornet properties totalling 53 acres. Sidney then has an additional 14 unpatented claims totalling 300 acres directly adjacent all located in the famous Warren Mine District of Idaho.
Contact Sean at sean@proactiveinvestors.com