News

Vivakor to Launch VivaCoin, a Gold-backed Cryptocurrency Token

LAS VEGAS, NV / ACCESSWIRE / August 14, 2019 / Vivakor, Inc. (OTC PINK:VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces it will be launching a gold-backed cryptocurrency token later this year.

VivaCoins are blockchain tokens representing physical gold held in an insured storage account with the Delaware Depository Services Company, DDSC. The stored gold will be denominated in one-half Troy ounce investment grade coins minted exclusively for Vivakor, Inc. Each VivaCoin digital token will be backed by one VivaCoin physical gold coin. All digital value will be backed 1:1 with vaulted gold coins. Customers can use the Delaware facilities to store their metals within a Precious Metals IRA. All metals held in trust are professionally audited and insured.

Read more

Vivakor Enters Agreement to Purchase Private Oil Sands Facility with Over 44 Million Barrels of Oil Resources

Plans to Deploy its Remediation Processing Center with Capacity of 250 Barrels of Crude Material per Day

LAS VEGAS, NV / ACCESSWIRE / July 17, 2019 / Vivakor, Inc. (OTC PINK: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, is pleased to announce that it has entered into an option agreement to purchase a private oil sands facility, with multiple resource reports showing more than 44 million barrels of heavy crude material on the property. The property is in the vicinity of Vernal, Utah, in an area of the state known as the Uinta Basin with incredibly rich oil sand deposits.

“This is a very exciting development for the Company as we move closer to our goal of securing properties that cumulatively contain one billion barrels of recoverable crude,” stated Vivakor Chief Executive Officer Matt Nicosia. “Our team has become quite familiar with this property, and conducted a successful test of our proprietary, patent-pending Remediation Processing Center (RPC) technology on the site. We believe that our technology is the only proven process that can successfully separate hydrocarbon material from oil sands, in an environmentally-friendly and profitable way.”

Read more

Vivakor Finalizes Design and Engineering on Latest Iteration of its Technology and Commences Assembly

LAS VEGAS, NV / ACCESSWIRE / July 10, 2019 / Vivakor, Inc. (OTC Pink: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, announces that its Proprietary Remediation Processing Center II (RPC) has completed the design and engineering phase of its latest, patent-pending technology and has commenced assembly.

“The finalization of design and engineering for RPC II is a very important milestone for the Company and the shareholders of the RPCII machine,” stated, Vivakor Chief Executive Officer Matt Nicosia. “This second-generation technology builds upon our proven, pioneering process of oil sand remediation. Not only can this latest process remediate substantially more contaminated oil sand material at approximately 700 tons a day, it can also reclaim and reuse virtually 100% of the natural solvents used and created in the proprietary, flash evaporation process. All of which results in the production of some 250 barrels a day of heavy crude material and light chain hydrocarbons.”

Read more

Vivakor Commences Manufacturing its Remediation Processing Centers in Utah Opportunity Zone

Opportunity Zone Designation Brings Enormous Advantages for Investors

LAS VEGAS, NV / ACCESSWIRE / July 2, 2019 / Vivakor Inc. (OTC PINK: VIVK), a technology and asset acquisition company with a focus in the area of natural resources, has commenced manufacturing of its Remediation Processing Centers (RPCs) in a Utah Opportunity Zone, creating an enormous potential tax savings for its investors. The warehouse facility is located in South Salt Lake City, UT, and is currently operated by a qualified opportunity zone company, RPC Design and Manufacturing, LLC.

“The first Remediation Processing Center is well underway, and anticipated to be complete in the next 45 days, where it will be deployed to Eastern Utah to begin immediately in the remediation of oil sands and production of the enormous bituminous materials in that area,” stated Chief Executive Officer Matt Nicosia. “We plan to build more than 30 units over the course of the next 18 months at this facility, with each unit projected to produce 250 barrels of hydrocarbons a day.”

Read more

Vivakor to Present at the Annual Utah Governor’s Energy Summit 2019 in Salt Lake City

CEO Matt Nicosia to Participate in Solutions to the Challenges of a Global Energy and Minerals Economy Panel

LAS VEGAS, NV / ACCESSWIRE / May 23, 2019 / Vivakor Inc. (OTC PINK: VIVK) (the ”Company”), a technology and asset acquisition company with a focus in the area of natural resources, is pleased to announce that the company has been invited to present at the Governor’s Energy Summit being held May 30, 2019 at the Grand America Hotel in Salt Lake City, UT. Matt Nicosia, Chairman and CEO, will be participating in a morning panel discussion on Local Solutions to the Challenges of a Global Energy and Minerals Economy. Other noted speakers include Utah’s Governor Gary Herbert, Energy Secretary for the United States and former Texas Governor Rick Perry, Wyoming’s Governor Mark Gordon and many others. There will be presentations and breakout sessions by both US and International leaders in the Energy Sector.

”We are excited to participate again in this esteemed Energy Summit, which is the largest event of its kind in the Intermountain West,” stated Chief Executive Officer Matt Nicosia. ”Utah not only has vast oil sand and mineral deposits, but is also viewed as a leader in driving innovations in the energy sector. We are honored to participate with other business leaders and policymakers, and view this as a recognition of our leadership position in the market.”

Read more