In the smaller-cap interests, Phoenix-based Taronis Fuels, Inc., (OTC:TRNF) told investors it’s advancing multiple new end market opportunities in Europe, the Middle East and Latin America for the use of the Company’s patented Venturi plasma arc gasification technology. Taronis produces the world’s only renewable and socially responsible metal cutting fuel, MagneGas.
TRNF’s mobile gasification unit scheduled for shipment to Turkey is being commissioned as fully operational in Clearwater, Florida this week, and should be in Turkey in 45 days. The unit was sold for $5 million to a business development firm that successfully arranged a 30 unit, $165 million contract for a country wide launch of MagneGas as a viable replacement in the Republic of Turkey.
Key Turkish officials and prospective gasification unit buyers from neighboring markets will observe a demonstration of the gas production process, as well as live demonstrations using MagneGas.
TRNF shares perked on the news, gaining 5.5% to $9.97 cents, on 1.6 million shares.
North of the border, Vancouver-based Stuhini Exploration Ltd (TSX-Venture:STU) received TSX Venture Exchange approval of its option agreement with Nokuyukon Holdings Ltd., and a number of other interest parties.
Pursuant to the Agreement, Stuhini has the option to acquire a 100% interest in the Optionors’ Que Property located in south central Yukon Territory.
Stuhini can earn a 100% interest in the Property by issuing up to 2,950,000 common shares and making cash payments of up to $380,000 over a four-year term to exercise the Option.
STU shares acquired a penny, or 7.1%, to 15 cents, on 10,000 shares.