GFE Water Division
The Company owns the rights to a clean, high-quality, reliable and large drinking water resource in an opportunity zone that it owns in Utah. The Company plans to generate sales from GFES water products and water-based applications through a distribution network to customers in the private label, wholesale and government sectors and through joint-venture partners. GFES Water products include: Boxed water with an estimated shelf-life of greater than two years, in 350 mL, 750 mL and 960 mL cartons made from over ninety-percent renewable materials for immediate consumption. Another potential use of GFES water resources is to produce nutritional and medical products. The Company has invested a significant amount of time and resources in its sustainable and renewable drilling and clean water development program and will add additional wells as expanded operations require. Independent laboratories in a state accredited university have completed testing the water from the GFES well and the data reflects an outstanding resource with 7.22 pH water that has also been flow tested with an abundance of capacity The Company has received an additional independent valuation report indicating that GFES clean water is considered “pristine” and meets quality standards for CEA and other consumptive uses. Currently, the Company is in the process of finalizing production plans.
Water is vital for most economic activities and is essential to sustain livelihoods and ecosystems. The challenges around water management in many countries are immense. Over 800 million people don’t have access to clean water, and about 4 billion people live with the lack of water not less than one month per year. Of these 4 billion, almost 1 billion live in India, and 0.9 billion – in China. At least 3.4 million people die from water-borne diseases each year. Rapid population growth, when combined with the growth in wealth and dietary changes, is increasing the demand for water. Eighteen river basins that flow through countries with a collective $27 trillion in GDP face ‘extremely’ high levels of baseline water stress. More than 80% of water is withdrawn annually, leaving different users vulnerable to scarcity. One-third of the large groundwater basins are being depleted by humans. Resilient water supply is a source of freshwater for two billion people. Climate change will have an impact on the availability of water in many countries. Climate change will significantly reduce renewable water resources in many dry subtropical regions over the 21st century. (Source: Investhandbook July, 2019)
GFES controls valuable water resources in the United States.
Predicting the future of global water stress
MIT researchers find that by 2050 more than half the world’s population will live in water-stressed areas and about a billion or more will not have sufficient water resources.
The Future of Global Water Stress: An Integrated Assessment
MIT assess ability of global water systems, resolved at 282 large river basins or Assessment Sub Regions (ASRs), to the meet water requirements over the coming decades under integrated projections of socioeconomic growth and climate change.