Pedro Resources Ltd. Signs Collaboration Agreement with Biotechnology Company That Provides Contamination Remediation Services
Toronto, Ontario--(Newsfile Corp. - July 19, 2023) - Pedro Resources Ltd. (CSE: VBN) ("Pedro" or the "Company") announces that it has executed a Collaboration Agreement dated July 13, 2023 (the "CA") with Fixed Earth Innovations Ltd. ("FEI").
- Toronto, Ontario--(Newsfile Corp. - July 19, 2023) - Pedro Resources Ltd. (CSE: VBN) ("Pedro" or the "Company") announces that it has executed a Collaboration Agreement dated July 13, 2023 (the "CA") with Fixed Earth Innovations Ltd. ("FEI").
- Under the CA, Pedro and FEI agree to collaborate in respect of the development and use of biotechnology for contaminant remediation in resource extraction projects, including mining.
- (1)
The CA provides for the licensing of certain intellectual properties, projects, and products to Pedro and, in return, Pedro will make a $200,000 cash payment to FEI, payable over six months. - As a small company we have limited resources to pursue expansion and continue the ongoing research and development of our biotechnology.