Titanium has also received the final results of independent testing on its recent pilot at CanmetENERGY, further confirming that its technology can recover large quantities of residual bitumen, solvents and minerals from oil sands tailings, with environmental benefits including some reduction in greenhouse gas (GHG) emissions.

Titanium’s pilot achieved recoveries of 82% of residual bitumen from the oil sands tailings stream and 98% of the solvents. The pilot produced a large bulk sample of heavy mineral concentrates for separation processing into samples of zircon, an essential material in the worldwide ceramics industry. The pilot achieved all of its objectives at larger scale processing.

While it takes time to commercialize new technology, we are seeing increasing support from stakeholders for our technology, which would recover up to 7,000 barrels per day of currently wasted bitumen and solvent from individual oil sands operations.

—Scott Nelson, Titanium’s President and CEO

During the 10-week pilot, more than 5,000 independent sample analyses were performed by Maxxam Analytics. The Canadian Government Sustainable Development Technology Canada SD Tech Fund contributed $1.4 million of funding to the pilot.