TEMPE, AZ--(Marketwired - Apr 6, 2017) - Refinery and energy processing developer Quantum Energy, Inc. (OTC PINK: QEGY) today announced that its Canadian subsidiary, Dominion Energy Processing Group, Inc., has signed a Letter of Intent with FHQ Developments Ltd, a development company of the File Hills Qu'Appelle Tribal Council. FHQTC represents more than 14,000 First Nation citizens in eleven member First Nations communities in the province of Saskatchewan. The signing of this LOI is for the purpose of Finished Product Distribution by FHQ as an off-take partnership for the Dominion Stoughton refinery in Saskatchewan. "This refined product offtake LOI was forged through the progressive development efforts of both FHQ and Dominion in support of the project and local stakeholders," said Keith Stemler, Dominion CEO. "FHQ and Dominion will continue to develop off take fuel distribution requirements in the province for ULS diesel, ULS Gasoline and Jet 'A' fuels," Stemler added. "Dominion and FHQ have been working diligently to execute this milestone as offtake buyers are a key to the project development," said Stan Wilson, Quantum CEO.
"We are pleased to be working with this important group," Stemler stated.
This FHQ offtake signing follows the recent announcement of the Dominion alliance with Ceres Global Ag Corp. for both crude supply and refined product offtakes.
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a publicly traded, diversified holding company. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution primarily in the Bakken field www.quantum-e.com.
DOMINION ENERGY PROCESSING GROUP, INC. is a Canadian corporation established as a wholly owned subsidiary of Quantum for the purpose of transacting the development and operation of energy processing facilities in Canada with its primary focus on its project in the Stoughton, Saskatchewan region www.dominionenergyca.com.
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