TORONTO, Nov. 26, 2013 /PRNewswire/ — Trio Resources, Inc. (“Trio” or the “Company”) (OTCBB: TRII;www.trioresources.com) has joined a consortium that is researching ways to take arsenic, a waste product commonly found in mines across Canada, and use it in the production of solar panels. Trio will work with scientists in Europe and North America to develop a replacement for the silicon in photovoltaic cells with Gallium arsenide (“GaAs”). The Company will contribute to the consortium by developing environmental improvements to capture arsenic from its ore bodies that can be used in the development of the GaAs.
Shortcomings in silicon-based technologies have prompted researchers to study alternative semiconductors that could provide faster and lower power devices. GaAs, a compound made from gallium and arsenic, offers a series of advantages over current technology, including requiring less voltage to enter saturation, providing better photo response and electron mobility and generating a wider operating temperature.
Duncan Reid, CEO of Trio Resources, Inc., commented: “We are excited to be a part of this innovative project, which seeks to take arsenic, a potentially hazardous material commonly found in tailings ponds, and develop it into a useful product that could contribute to the proliferation of clean energy. Our decision to join the consortium reflects our commitment to finding innovative ways to monetize our Duncan-Kerr Property. We look forward to providing updates as this exciting research unfolds while continuing to seek new ways to maximize shareholder value.”
About Trio Resources, Inc.
Trio Resources, Inc. is an exploration and small-scale processing company which plans to focus on the exploration and milling of mineralized materials located in historically prolific regions. Trio is organized to hold assets in the mining industry, targeting older mining camps with residual value. Trio’s intention is to conduct an exploration program, in conjunction with milling initiatives to monetize its existing above-ground mineralized material on-site, with the purpose of being cash-flow positive primarily through milling and marketing mineralized material and concentrate to refiners. For more information, please visit http://www.trioresources.com/.
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains forward-looking statements. Such statements may include, but are not limited to, information related to: our plans and objectives; anticipated operations and operating results; potential exploration and exploration results; relationships with refiners, purchasers and off-takers; demand for mineralized materials; financial resources and condition; anticipated sales, revenues and profitability; build-out of our mill and milling capacity; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter into agreements to acquire the capital necessary to continue our operations and take advantage of opportunities; legal proceedings and claims. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “plans,” “intends,” “anticipates,” “believes,” “seeks,” “could,” “estimates,” “expects,” “intends,” “may,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These risks and uncertainties include, but are not limited to, the factors described in our Report on Form 8-K/A filed with the SEC on March 15, 2013, including the section captioned “Risk Factors” therein. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements set forth herein reflect our estimates and assumptions only as of the date of this press release and are subject to change after such date. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Trio Resources, Inc.
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