 The world is rapidly changing before our eyes. Pollution from human processes has led to intolerable greenhouse gases - causing an increase in global average temperatures and an imminent threat to human health. Global fossil fuel reserves are hastily dissipating, and our most vital natural resource, water, continues to be abused and polluted by inefficient and unnecessary human behavior. With 40% of global greenhouse emissions currently coming from electricity generation, alternative energy and clean energy strategies are finally being brought to the forefront. At Mantra, we are committed to developing and commercializing technologies that support a greener economy: meeting the needs of the present without compromising the future. Subsequently, our Corporate Mission is to provide businesses and people with the means to achieve significant, sustainable reductions in their ecological footprint, and in doing so, ensure that our investors benefit both morally and financially from their investment. Our current efforts are focused on two pressing markets: the reduction of carbon dioxide and the treatment of mine wastewater. Subsequently, Mantra has positioned itself to become the leader in each of these niche markets through the acquisition of two key technologies: the Electro-reduction of Carbon Dioxide (ERC) and the Biometals Recovery System (BRS). In October 2008, we completed our first ERC prototype, capable of processing 1 kg of CO2 per day. The response from this technology has been overwhelming, and we are now in negotiations with several government organizations and international corporations to collectively develop the company’s first commercial scale reactor. Mantra hopes to finalize the first set of partnerships by May 2009, with completion of the commercial scale reactor scheduled for Q2 2010. In addition, in February 2009, Mantra identified 43 Grant Research Programs that fit strategically with the company’s current R&D efforts. We have already began applying for these grants, and if successful, this non-toxic funding could account for anywhere from 70% to 100% of future development costs. We expect to receive approval from our first grant application by the end of March, 2009. This is a time of change: the old economy was largely dependent on fossil fuel for power, and in this context the economic interests and drivers were understood, but all of that is now in flux. The new economy will be marked by: alternative fuels, renewable energy, energy saving strategies, and carbon management - as the release of carbon becomes increasingly expensive. Mantra has positioned itself at the hinge point, guiding its investors toward those technologies that will significantly shape the coming economy. The environment will benefit from these improved green technologies; the new economy will form around them; and at the center will be Mantra and its investors. These are just a few of the many happenings currently taking place within Mantra Venture Group Ltd, and our highly-motivated team will lead to our continued acceleration into the Green Tech Marketplace in 2009. Larry Kristof
President and Chief Executive Officer
March 23, 2009 |
Stephen D. Norris
Shawn Kim
Cynthia Fei
Kol Henrikson
Kelly Kristof
Michael Heid
