QualityStocks Daily - Tuesday - 12/19/06 Snapshot: EDA GNVC MBIR NIHK PKGH SLGLF SRA TOMO Silverado Green Fuel Inc. (SLGLF) previously at $0.07 up 54% at $0.108 with 20,242,198 shares traded. (SLGLF) was highlighted today by Microcap <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Alliance. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Silverado Green Fuel Inc. announced plans today to build the first low-rank coal-water fuel ("Green Fuel") facility in the United States . Green Fuel is a new form of coal-based, environmentally friendly, low-cost, alternative fuel. The $26 M project, to be located on 14-acres outside of Ackerman in the Red Hills EcoPlex in Choctaw County , Mississippi , is designed to utilize the state's vast supply of low-rank coal reserves by converting them into Green Fuel The company has signed a Memorandum of Understanding (MOU) with the State of Mississippi . Under the terms of the agreement, Choctaw County Economic Development District will provide Silverado Green Fuel Inc. a 14 acre site at their Ecoplex. Choctaw County will clear the site in preparation for construction. Silverado will run the facility, which is expected to produce 45 permanent jobs and hundreds of additional jobs during the construction phase. Once this two year phase is complete, Silverado will be producing 110,000 barrels of Green Fuel per year. Silverado Green Fuel Inc. is a wholly owned subsidiary of its publicly traded parent, Silverado Gold Mines Ltd. |