Deer Horn Capital Inc. has signed a Strategic Partnership Agreement with Trail, BC’s Fenix Advanced Materials (Fenix) for potential future tellurium extraction and purification and other synergies to achieve a vertically integrated enterprise for cleantech metals.
Fenix Advanced Materials is a clean technology company specializing in the manufacture of ultra-high purity (UHP) metals. The company sells a variety of UHP metals for use in solar energy, telecommunications and infrared applications for commercial and military use. Fenix is one of the very few companies in the world achieving “six nines” (99.9999%) and even “seven nines” (99.99999%) purity in its metal products.
“Tellurium is extremely important to our vision and strategy going forward,” said Fenix CEO, and KAST Entrepreneur In Residence, Don Freschi. “We see a significant increase in tellurium demand long-term, which is why we’re partnering with a number of universities and organizations for research, extraction and processing for technologies in our pipeline that require ultra-high purity tellurium and other critical metals. The Deer Horn gold-silver-tellurium property, along with the Deer Horn’s technical team, offers us a strategic potential domestic supplier of tellurium located within the same province.”
Current strategic partners with Fenix include Teck Metals, The University of British Columbia and Redlen Technologies of Victoria, BC. The company anticipates international partnerships in education, research, mining, and critical metals processing in the coming year.
Said Deer Horn President and CEO Tyrone Docherty, “The Fenix partnership represents a key piece of the foundation we’re building for an integrated, critical metals enterprise. We’re thrilled to join the roster of exceptional strategic partners Fenix has assembled to make this happen, and we look forward to engaging with them. Going forward, we expect to announce other partnerships as part of our long-term vision and strategy to supply critical metals for clean technology and a low-carbon economy.”
“I think the world is beginning to recognize the importance of stable and domestic supplies of critical metals, especially the very rare metals like tellurium,” said Docherty. “We are preparing to help meet that need.”
To read Deer Horn Capital’s full press release click here.