AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry of a Material Definitive Agreement.
On May 22, 2018, American International Ventures, Inc.’s wholly owned subsidiary, GeoEnergy (USA) Inc., was issued an International License to develop and construct Coal to Liquids plants in Indonesia. The license further permits construction of two (2) domestic plants in West Virginia and Kentucky (USA). This licensed technology is covered by recent United States Patent No: 9,845,431 B2 as developed by Quantex Research Corporation, a Canadian Company.
Significance of this process indicates a paradigm shift in the way Coal is evaluated worldwide.
GeoEnergy will utilize this Process for Depolymerizing Coal to produce Pitch and Naphthalene can yield up to four (4) barrels per ton using coal as a feedstock.
About AMERICAN INTERNATIONAL VENTURES, INC. (OTCMKTS:AIVN)
American International Ventures, Inc. is an exploration-stage company. The Company is a gold and silver exploration and extraction company. The Company’s business is to engage in exploration and production activities in the precious minerals mining industry. The Company is focused on planning, developing and operating past producing precious metal properties and mines. In addition to its mining claims in Nevada, the Company also leases certain mining claims in the Baja California, Mexico. The Company operates in the Baja California through its subsidiary, AIVN de Mexico. The Company holds interest in The MotherLode Project, which is located in Baja, Mexico. The MotherLode Project is under construction by AIVN de Mexico to start a 200 ton/day placer operation.