News about companies making fresh investments can bring the stocks into focus in a big way, and it remains to be seen if that happens with the Silver Scott Mines Inc. (OTC Pink: SILS) stock this week. This past Friday the company made a key new announcement along those lines, and it may be a good time to take a closer look.
VulcanKore Investment
On December 27 the company hit the news cycle after it announced that it made an initial investment in the firm VulcanKore. In the news release, Silver Scott Mines stated that the investment will allow VulcanKore to enhance its first system so as to produce biochar. It was noted that through the deployment of organic and plastic waste, it would be possible for the VulcanKore Waste to Energy (WtE) generation equipment to produce electricity, hot water, and heat. Consequently, it would lead to the production of biochar, which can be described as a type of sequestered carbon.
Further Information
The company noted that the biochar would be activated before being packaged and allowed for sale for agricultural needs. Additionally, Silver Scott Mines would also keep working on tests with different forms of activated biochar on a range of plants so as to get the best results.
Management Quote
Stuart Fine, CEO of Silver Scott Mines, Inc., stated, “The VulcanKore generation units have the potential to seismically shift energy production on a global scale. Every day we produce enough raw material to power our homes, businesses, and communities. On a global scale, the ability to remove mountains of trash and create energy for communities could have life-altering effects. I am looking forward to following the progress and helping move this product into production.”
