SOTKAMO SILVER DEVELOP THE DEPLOYMENT OF BIOENERGY TOGETHER WITH VAPO
Sotkamo Silver and Vapo Oy have signed an agreement for the heating of Silver Mine ventilation air. Vapo will supply to the mine a heating package for the mine ventilation air and provide the necessary heating as a service. With the agreement, Vapo undertakes to develop a bioenergy-based solution for ventilation air heating.
An initial propane-based heating solution will be in place already during the coming autumn, after which Vapo will actively start to develop the use of renewable fuels for the Silver Mine heating.
"During the construction phase and when the mine is expanding, the need for ventilation air and its heating will increase. The development of bioenergy-based heating suits well with Sotkamo Silver's objectives for energy-efficient and responsible underground mining production. The solution is part of the continuous development of sustainable mining, which the company is committed to”, says Timo Lindborg, CEO of Sotkamo Silver AB.
Stockholm, July 2nd2018
Timo Lindborg, CEO
Timo Lindborg, CEO of Sotkamo Silver AB, tel. +358 40 508 3507
This information is information that Sotkamo Silver AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 2ndJuly 2018, at 8.45 CET.
The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About Sotkamo Silver AB
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with positive social and environmental benefits. Sotkamo Silver owns mineral deposits, which contain silver and gold in Finland as well as zinc and gold in Norway. The Company’s main development project is the Silver Mine project in the municipality of Sotkamo.
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101 code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
The ticker symbol is SOSI in NGM Equity in Stockholm and SOSI1 in NASDAQ Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910.
Read more about Sotkamo Silver on www.silver.fi
The Company's press releases and financial reports are distributed via Cision Sverige and are available on www.silver.fi