MONTREAL, Sept. 21, 2020 -- InvestorsHub
NewsWire -- Dominion Water Reserves Corp.
(“DWR- CSE”), a holding company
with water reserves and operations across Quebec applaud the
launching of the first ever Water Futures based on Nasdaq Veles
Water Index.
Nasdaq Veles California Water Index futures will
be an innovative, first-of-its-kind tool to provide agricultural,
commercial, and municipal water users with greater transparency,
price discovery, and risk transfer – all of which can help to more
efficiently align supply and demand of this vital resource.
“With nearly two-thirds of the world’s population
expected to face water shortages by 2025, water scarcity presents a
growing risk for businesses and communities around the world, and
particularly for the $1.1 billion California water market,” said
Tim McCourt, CME Group Global Head of Equity Index and Alternative
Investment Products. “Developing risk management tools that address
growing environmental concerns is increasingly important to CME
Group. This innovative, new water contract builds on our strong
partnership with Nasdaq, as well as our proven 175-year track
record of helping end users and other market participants manage
risk in essential commodity markets including agriculture, energy,
and metals.”
“The Nasdaq Veles California Water Index helps
drive better outcomes for water market participants through
verifiable price discovery,” said Lauren Dillard, Executive Vice
President and Head of Nasdaq Global Information Services. “Our
collaboration with CME Group has the power to deliver greater
transparency around the management of an important natural
resource.”
Marie-Claude Bourgie, interim president, DWR,
comments, “a Futures Contract is a natural evolution for a high
demand commodity now being referred to as ‘blue gold’. Because of
drought, pollution, desertification (soil fertility loss), and the
effects of climate change, water is becoming increasingly scare and
therefore precious. Further water futures contracts for other
jurisdictions will serve to properly value the assets of such
issuers, while providing further insights to both investors and
consumers.”
About Dominion Water Reserves
The company's primary business is the acquisition
and management of natural spring water sources in North America,
with an initial focus on the development of the DWR water rights
located in the province of Quebec. By combining an acquisition
program targeting long-term asset play with a recurring cash flow
to reach a critical mass in terms of capacity and geography, and
developing, with a focus on prioritizing sustainability and
environmental consciousness, groundwater collection, water
withdrawal and water pumping for the purpose of selling or
distributing spring water, the company's goal is securing a
leadership role in the spring water market in North America. The
DWR water rights and DWR additional water rights represent access
to over three billion litres of spring water per year.
For further information please
contact
Jean Gosselin
Phone: 514-934-7717
Email: relationsdwr@gmail.com
Neither the CSE nor its Regulation
Services Provider accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: Dominion Water Reserves Corp.
