Update on Green Hydrogen Production Strategy
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Minnova Corp. and Minnova Renewable Energy
Update on
Green Hydrogen Production Strategy
NOT FOR DISSEMINATION INTO THE UNITED STATES
February 15, 2022, Toronto, Ontario – Minnova Corp. (TSXV: MCI, OTC Pink: AGRDF, "Minnova”
or the “ Company”), is an evolving resource development company with an exciting green
hydrogen and cleantech innovation strategy to compliment our development-stage PL Gold Mine
restart plan.
We are pleased to provide an update on ongoing design and testing of a new generation of
gasification technology by DUMA Engineering (2018) Inc. (“DUMA”) in collaboration with leading
European Institutes that is capable of producing higher hydrogen content and tar free syngas than
existing technologies. Results from level 8 cold test work carried out earlier this year were positive
and confirmed different fluid dynamics configuration options. Design and test work is ongoing
and is expected to be finalized in the second quarter of 2022. Upon completion of final tests,
global patents will be filed to protect this innovative gasification technology in parallel to ongoing
commercialization discussions considering both licensing and build-own-operate options.
In addition to supporting the development and commercialization of a proprietary new gasification
technology Minnova Renewable Energy is expanding our research and development efforts to
include analysis of biochar derived from pyrolysis to improve environmentally friendly processing
techniques to produce graphite and graphene. Biochar already ha s demonstrated commercial
uses ranging from soil enhancement to filtration systems but more recently offers potential to be
a natural source of graphene. The planned research initiative will inform our strategy to maximize
green hydrogen production and produce a high quality biochar with potential to be transformed to
a commercial renewable graphene product.
Minnova Renewable Energy is rapidly evolving as a Green Energy Production and Clean
Technology Company. To accelerate development, s ite selection discussions are progressing
for initial green hydrogen development projects on 3 continents with emphasis on access to low-
cost power and feedstock, existing infrastructure, and access to established European and North
American markets as well as new emerging markets.
Gord Glenn, President & CEO commented “ We have an ambitious vision to develop Minnova
Renewable Energy into a leading green energy production and technology company . Initial
community, supplier and off -taker support for our initiative ha s been very positive. The global
commitment to reducing CO2 emissions represents a significant opportunity for Minnova
Renewable Energy to take a leading role by advancing our green hydrogen production plans.”
About Minnova Corp.
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Minnova Corp. is an emerging Canadian gold producer with a focus on incorporating clean energy
into the restart plan for the PL Gold Mine. In addition to expanding gold resources on its PL and
Nokomis gold deposits the Company established a wholly owned subsidiary, Minnova Renewable
Energy, which is targeting green hydrogen production. The Company has completed a Positive
Feasibility Study in support of restarting the PL Mine at an average annual production rate of
46,493 ounces over a minimum 5-year mine life. The resource remains open to expansion and
future surface exploration work programs will target resource expansion. The PL Gold Mine has
a short pre-production timeline forecast at 15 months, benefits from a valid underground mining
permit (Environment Act 1207E), an existing 1000 tpd processing plant, over 7,000 meters of
developed underground ramp to -135 metres depth, is fully road accessible and close to existing
mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba. Minnova
announced an exclusive agreement to acquire up to 100% of the outstanding share capital of
DUMA Engineering (2018) Inc. (“DUMA”) on December 13, 2022. The acquisition price will
consist of; a) an initial payment of C$100,000 for a 50% interest and b) a final payment to be
determined following the completion of satisfactory due diligence and the filing of certain patents
related to their innovative gasification technology. The closing of the acquisition of DUMA is
subject to a number of conditions including the satisfactory completion of due diligence, receipt
of all regulatory approvals and is expected to be concluded by the end of Q2/2022.
For more information please contact:
Minnova Corp.
Gorden Glenn
President & Chief Executive Officer
For further information, please contact Investor Relations at 647-985-2785 or
Visit our website at www.minnovacorp.ca
Forward Looking Statements
This news release contains "forward -looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, information regarding the Company including management’s
assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility
of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and
services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements. A feasibility study has been completed on the PL Gold Mine
development project but there is no certainty the disclosed targets will be achieved nor that the proposed operations will be
economically viable. Minnova has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking information. Forward-looking information is provided for the purpose of providing information
about management's expectations and plans relating to the future. The Company disclaims any intention or obligation to update
or revise any forward-looking information or to explain any material difference between subsequent actual events and such
forward-looking information, except to the extent required by applicable law. There may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except
in accordance with applicable securities laws.
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.