Atco Mining Applauds Newfoundland Government for Whittling Down List of Wind Project Bids to Nine Companies - Looks to Make Final Decision by End of August 2023

(TheNewswire)

Vancouver, British Columbia – TheNewswire - July 25 th , 2023 – Atco Mining Inc. (the “Company” or “Atco”) (CSE:ATCM ) ; ( OTC:ATMGF ) ; ( Frankfurt:QP9) is pleased to announce that there are now nine companies with a chance to build green hydrogen projects on Crown land in Newfoundland and Labrador. The Department of Industry, Energy and Technology announced that it has whittled down the list from 24 proposals by 19 different companies. The government is expecting to finish the second and final round of decisions by the end of August.

While the department is not naming the companies, CBC News has been able to verify eight of the nine and where their plans are located. They are:

Pattern Energy at the Port of Argentia.
Brookfield Renewable Partners in Placentia Bay.
ABO Wind in Come By Chance.
North Atlantic in Come By Chance.
Everwind Fuels on the Burin Peninsula.
Exploits Valley Renewable Corporation in central Newfoundland.
World Energy GH2 on the southwest coast of Newfoundland.
Fortescue Future Industries on the southwest coast of Newfoundland

“This is an amazing announcement” says Etienne Moshevich, CEO of Atco Mining. “I am elated with this news as it proves that the Government of Newfoundland is steadfast on not only creating jobs for the area in addition to attracting billions of dollars of investment. If and when this is finalized and bids are given, this would be an extremely positive sign for Atco as we look to define our salt caverns and position ourselves as the go-to storers of hydrogen in the area.”

For more information on this news, here is a link to the news release found on CBC: https://www.cbc.ca/news/canada/newfoundland-labrador/wind-hydrogen-projects-granted-first-stage-approval-1.6899769

About Atco Mining (CSE: ATCM):

Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS deposits in Saskatchewan as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company’s website here: www.atcomining.com

For further information contact:

Atco Mining Inc.

Email: info@atcomining.com

Telephone: (604) 681-0084

www.atcomining.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. The Canadian Securities Exchange has not in any way approved nor disapproved the contents of this news release.

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