Brossard, Quebec / December 2nd, 2014 / Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) ($NIP:CA), is extremely pleased to announce that it has signed an exclusive distribution agreement with NDR Japan Co. Ltd. (“NDR-J”) for its patented Thermal Fragmentation mining method. Highlights of the agreement include the granting of the exclusive rights to NDR-J for the distribution, deployment and usage of the Corporation’s exclusive and patented Thermal Fragmentation mining method in Japan, a 50/50 sharing of net profits from Thermal Fragmentation contracts carried out by NDR-J and a close working relationship for the continued development and promotion of the technology.
“We are delighted with this agreement as it increases our presence and visibility on the international stage. Since NDR-J leaders were introduced to the technology, they have demonstrated a keen interest in its versatility for usage in various mining and construction applications. Distribution and implementation of the technology in Japan is another example of our overall distribution and expansion strategy for the technology” stated André Savard, Nippon’s President and CEO.
About NDR Japan
NDR Japan Co. Ltd is a mining company comprised of a team of various Japanese construction leaders, having a strong background in contracting, civil work and mining. NDR-J is committed in marketing and implementing the Dragon in the areas of construction and mining. NDR-J is already in negotiations with several mine owners to implement the Dragon.
Nippon is active in the exploration and the development of gold resources in Quebec and Peru. The Corporation holds a gold property with resources recognised in accordance with NI43-101, a modular treatment plant and also an exclusive license for the Thermal Fragmentation mining method for exploiting narrow-vein ore deposits.
The company’s growth strategy is based on:
-The development of its gold deposits with the objective of producing revenue from its operations;
-Increasing the value of its mining assets by prioritizing the exploration targets; and
-The commercialisation and employment of its thermal fragmentation technology.
For additional information:
John Stella, Investor relations (514) 718-7976 [email protected]
André Savard, President & CEO (450) 510-4442 [email protected]