Commencing approximately 2 years ago, a heightened awareness of the high level of CO2 and greenhouse gas emissions produced worldwide has become a focal point for the cement industry. Canada’s federal government has introduced initiatives to decarbonize industries and for
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WHITEMUD RESOURCES INC.
NEWS RELEASE
January 13, 2022
Calgary, January 13, 2022 – Whitemud Resources Inc. (“Whitemud” and the “Company”) (TSXV
– “WMK”) provides an operational update.
Commencing approximately 2 years ago, a heightened awareness of the high level of CO2 and
greenhouse gas emissions produced worldwide has become a focal point for the cement industry.
Canada’s federal government has introduced initiatives to decarbonize industries and for
industries to operate with a green er footprint which has been the catalyst for carbon taxes to be
levied by the federal and provincial governments. This is transpiring at a time when the demand
for raw materials is growing significantly as economies move beyond a severe economic covid
downturn. This in turn has precipitated an increase in the cost of raw materials across all
commodities. Hopefully this economic turnaround will be sustained. Supply chains have been
disrupted for all commodities and consumer goods causing delays in product supply and shortages
of many products. Whitemud’s metakaolin is a western Canadian produced product with a
shortened supply chain with favourable logistics capabilities.
During the third quarter of 2021, Whitemud undertook a review of its Wood Mountain assets and
potential efficiency upgrades in order to assess the viability of bringing the Wood Mountain plant
back into production with a lower carbon footprint and a cost effectively produced metakaolin.
Preliminary results to date indicate that better production e fficiencies may be achievable. This
would result in lowering metakaolin production costs and potentially allow for greater market
penetration.
Discussions continue with a number of concrete producers in Canada a nd the USA to assess their
potential deman d for metakaolin in their concrete mixes . While no definitive commitments or
expressions of interest have been obtained, to date Whitemud is encouraged with the renewed
interest that the concrete industry is showing in its metakaolin as a superior, competi tive
cementitious additive in cement mixes. With the heightened awareness for corporate
Environmental, Social and Corporate Governance (ESG), Whitemud believes that metakaolin can
play a significant role in helping to reducing the carbon footprint and redu cing greenhouse gas
emissions for the cement industry.
Whitemud’s historical customer base continues it s us e of metakaolin as a cementitious cement
additive producing superior cement mixes. Whitemud continues working towards aligning itself
with one or m ore strategic partners having sufficient demand for its metakaolin. Such alignment
could potentially support a restart of the Wood Mountain plant.
About Whitemud Resources Inc.
Whitemud is a Canadian-based corporation holding mineral rights to exploit a large kaolin deposit
in southern Saskatchewan, together with a processing facility located on the property.
Whitemud’s pr oduct, Whitemud (MK) is a cement -grade metakaolin tha t enhances the
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performance of cement for oil and gas wells and constru ction applications. The Company uses a
process that minimizes environmental impact.
Midstream Energy Partners, a division of Whitemu d Resources Inc. formed in 2015, engages in
the business of commodity marketing and logistics.
For further information, please contact:
Whitemud Resources Inc.
General Inquiries
Suite 900, 332 - 6th Avenue SW
Calgary, Alberta T2P 0B2
Reader Advisory
This news release contains forward -looking statements, within the meaning of applicable
securities legislation, concerning Whitemud’s bus iness and affairs. In certain cases, forward -
looking statements can be identified by the use of words such as ‘‘attempts ’’, ‘‘intends’’ ,
“continues” or variations of such w ords and phrases or state that certain actions, events or results
‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These
statements involve known and unknown r isks, uncertainties and other factors that may cause
actual results or events to differ ma terially from those anticipated i n such forwa rd-looking
statements. Although Whitemud believes these statements to be reasonable, no assurance can be
given that thes e expectations will prove to be correct and such for ward-looking statements
included in th is news release should not be und uly relied u pon. Such statements include
statements with respect to the sustainability of the current economic turnaround and the im pact of
such economic imp rovement on the Company’s prospects, statements with respect to the ability
of the Company to achieve prod uction efficiencies, st atements with respect to the market’s
approach to the current Environmental, Social and Corporate Governance environment and the
impact on the market for the Company ’s product and the possibility of increasin g the Company’s
customer base or finding a strategic partner. Actual results could differ materially from those
anticipated in these forward-looking statements as a result of prevailing economic conditions, and
other factors, many of which are beyond the control of Whitemud. The forw ard-looking
statements contained in this news release represent Whitemud’s expectations as of the date hereof,
and are su bject to change after such date. Whitemud disclaims any intentio n or obligation to
update or revise an y forward-looking statements whet her as a result of new information, future
events or otherwise, except as may be required by applicable securities regulations.
Neither the TSXV 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.
Not for distribution to United States Newswire Services or for dissemination in the United
States.