Thermal Fragmentation: Nippon signs an exclusive licensing agreement for Japan
Brossard (Quebec), December 2nd, 2014 Nippon Dragon Resources Inc. (the “Corporation” or “Nippon”) (TSX-V Symbol: NIP), 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.
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Neither 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. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite 500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442 www.nippondragon.com