Zadar Ventures Ltd. (OTCQB: ZADDF) (TSX-V: ZAD) (the "Company") is pleased to announce that it has entered into a MOU with FlowBack Solutionz Canada Inc. ("FlowBack"), a Canadian oil well waste water treatment company, to test FlowBack's innovative and proprietary waste water treatment technology for the purpose of lithium extraction from Petrobrines from the Company's Manitoba Petrobrine projects.
Flowback is a water technology innovation company incorporated in 2013. FlowBack currently provides turn-key solutions for oil/water separation, H2S removal and tailings pond remediation services utilizing its patented FlowBack NanoBubbler™ technology. FlowBack specializes in solids separation, electrocoagulation and gas infusion technologies for the oil & gas, mining, industrial and construction industries.
Oil and gas well operators in Canadian petroleum basins have long reported lithium values ranging from 80 mg/l to 140 mg/l as referenced by the geoScout Oil & Gas Industry database as reported by well operators and monitored by the Government of Alberta. There are many other reports throughout Canada that reference lithium within Petrobrine wells within these same ranges.
Company President Paul D. Gray, P.Geo. commented, "We look forward to working with FlowBack in this relatively new space of lithium extraction. The demand for low cost lithium production is the key driver in the rapidly developing energy storage space."