In countries throughout Southeast Asia, Africa, South America, the Balkans and beyond, there are millions of acres of unproductive land, which contain high concentrations of heavy metals such as nickel and cobalt. These high metal concentrations in the soil inhibit the normal growth rates of crops, making these areas unsuitable for profitable farming. Although these metallic deposits are extremely valuable, they have remained unexploited, that is until now, because it is too expensive to mine them using conventional technology. As a result of Viridian’s phytomining technology, it is now possible to profitably mine these deposits.
Viridian has also completed a systematic evaluation of the world’s known deposits of nickelliferous soils so as to identify sites amenable to nickel phytomining. This survey has identified several million acres of potentially phytominable nickel deposits, many of which are not capable of being exploited by conventional technologies.
Viridian believes that the application of its phytomining technology to the undeveloped mineral holdings of mining companies will allow for accelerated development of these mineral properties and should result in these projects enjoying lowered operational and capital costs. Moreover, Viridian’s practice of its phytomining technology on reserves owned by conventional mining companies will result in significant augmentation of the reserve base at such companies due to the much lower effective nickel concentration cutoff-levels that are exploitable by Viridian’s technology.
Now, Viridian is ready to deploy its technology on a significantly larger scale.