Chlormet Technologies, Inc. (PUF)

PUF_logoChlormet Technologies, Inc is one of the mining companies that have now joined the “green rush”. Based in Vancouver, Canada, the company evaluates, acquires, and develops natural mineral properties in Canada and Tanzania. Earlier this year, it has revealed its intentions to invest in the medical marijuana sector.

Among the primary endeavors of Chlormet Technologies is exploring copper, gold, and silver deposits. It has a 100% interest in 15 mineral claims in the Chuchi Property, a 5,400-hectare area in the Omineca Mining Division in British Columbia. In addition, the company has a 5% net profit interest with 9 claims in the Newton property, an area of 4,113 hectares near Williams Lake, British Columbia.

The company also has the 648-hectare Sibley Road Property in Halifax County, Nova Scotia. This area hosts kaolin clay and silica sand deposits, as well as economic potential with titanium, alumina, and white silica sand.

In April 2014, Chlormet Technologies announced that it is interested to invest in AAA Heidelberg, a company with a pending Marijuana for Medical Purposes Regulations (MMPR) license. Upon approval of the license, the Ontario-based grower may produce up to 1,320 pounds of marijuana in its first year. Its current crops include 10 different cannabis strains, expected to be priced at $5-15 per gram.

Chlormet Technologies, Inc was known as Newton Gold Corp until its name change in November 2013. It was also formerly listed in the TSX Venture Exchange as CMT, until it requested to be delisted in June 2014.

Currently, Chlormet Technologies, Inc is traded in the Canadian Securities Exchange under the symbol PUF, with a market cap of USD 2.71 M. Its top officers include Ian Flint, President; Yari Nieken, CEO; and Ann Fehr, CFO.

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