Granite Creek Copper Announces Funding from Natural Resources Canada - Supporting Ultramafic Technology Development Project Targeting the Star Property
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) has secured funding from Natural Resources Canada (NRCan) for a technology development project targeting ultramafic rocks. The project has been approved for up to $2.28 million through NRCan's Energy Innovation Program, focusing on Carbon Capture, Utilization and Storage (CCUS) research.
The initiative, titled 'Development of Extraction and Carbonation Technology for Ultramafic Rocks,' will be led by Kemetco Research. The project aims to enhance metal extraction while achieving high carbon sequestration through carbonation of magnesium silicate minerals. Granite Creek will provide material from its wholly-owned Star Ni-Cu-PGE project in central British Columbia, with related site work expenses and analytical costs covered under the NRCan funding.
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) ha ottenuto finanziamenti da Risorse Naturali del Canada (NRCan) per un progetto di sviluppo tecnologico mirato a rocce ultramafiche. Il progetto è stato approvato per un massimo di 2,28 milioni di dollari attraverso il Programma di Innovazione Energetica di NRCan, concentrandosi sulla ricerca sulla cattura, utilizzo e stoccaggio del carbonio (CCUS).
L'iniziativa, intitolata 'Sviluppo della Tecnologia di Estrazione e Carbonazione per Rocce Ultramafiche', sarà guidata da Kemetco Research. Il progetto mira a migliorare l'estrazione dei metalli, raggiungendo al contempo un elevato sequestro di carbonio attraverso la carbonazione dei minerali silicato di magnesio. Granite Creek fornirà materiale dal suo interamente posseduto progetto Star Ni-Cu-PGE nella Columbia Britannica centrale, con le spese correlate ai lavori in loco e ai costi analitici coperti dal finanziamento di NRCan.
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) ha conseguido financiamiento de Recursos Naturales de Canadá (NRCan) para un proyecto de desarrollo tecnológico dirigido a rocas ultramáficas. El proyecto ha sido aprobado por hasta $2.28 millones a través del Programa de Innovación Energética de NRCan, enfocándose en la investigación sobre Captura, Utilización y Almacenamiento de Carbono (CCUS).
La iniciativa, titulada 'Desarrollo de Tecnología de Extracción y Carbonatación para Rocas Ultramáficas', será liderada por Kemetco Research. El proyecto tiene como objetivo mejorar la extracción de metales mientras se logra un alto secuestro de carbono a través de la carbonatación de minerales de silicato de magnesio. Granite Creek proporcionará material de su completamente poseído proyecto Star Ni-Cu-PGE en la Columbia Británica central, con los gastos relacionados con el trabajo en el sitio y los costos analíticos cubiertos por el financiamiento de NRCan.
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF)는 캐나다 자연 자원부(NRCan)로부터 초마그네사이트 암석을 대상으로 하는 기술 개발 프로젝트에 대한 자금을 확보했습니다. 이 프로젝트는 NRCan의 에너지 혁신 프로그램을 통해 최대 228만 달러의 지원을 승인받았으며, 탄소 포집, 활용 및 저장(CCUS) 연구에 중점을 두고 있습니다.
'초마그네사이트 암석을 위한 추출 및 탄산화 기술 개발'이라는 제목의 이 이니셔티브는 Kemetco Research가 주도합니다. 이 프로젝트는 마그네슘 실리케이트 광물의 탄산화를 통해 금속 추출을 향상시키면서 높은 탄소 격리를 달성하는 것을 목표로 합니다. Granite Creek는 중앙 브리티시컬럼비아에 위치한 전액 소유의 Star Ni-Cu-PGE 프로젝트에서 자재를 제공하며, 관련 현장 작업 비용 및 분석 비용은 NRCan 자금으로 충당됩니다.
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) a obtenu un financement de Ressources naturelles Canada (NRCan) pour un projet de développement technologique ciblant les roches ultramafiques. Le projet a été approuvé pour un montant allant jusqu'à 2,28 millions de dollars dans le cadre du Programme d'innovation énergétique de NRCan, axé sur la recherche sur la capture, l'utilisation et le stockage du carbone (CCUS).
L'initiative, intitulée 'Développement de la technologie d'extraction et de carbonatation pour les roches ultramafiques', sera dirigée par Kemetco Research. Le projet vise à améliorer l'extraction des métaux tout en atteignant un haut niveau de séquestration du carbone grâce à la carbonatation des minéraux silicatés de magnésium. Granite Creek fournira du matériel de son entièrement détenu projet Star Ni-Cu-PGE dans le centre de la Colombie-Britannique, les frais liés aux travaux sur site et aux analyses étant couverts par le financement de NRCan.
Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) hat Finanzierung von Natural Resources Canada (NRCan) für ein Technologieentwicklungsprojekt gesichert, das sich auf ultramafische Gesteine konzentriert. Das Projekt wurde für bis zu 2,28 Millionen Dollar durch das Energieinnovationsprogramm von NRCan genehmigt, das sich auf die Forschung zu Kohlenstoffabscheidung, -nutzung und -speicherung (CCUS) konzentriert.
Die Initiative mit dem Titel 'Entwicklung von Extraktions- und Carbonatisierungstechnologie für ultramafische Gesteine' wird von Kemetco Research geleitet. Das Projekt zielt darauf ab, die Metallgewinnung zu verbessern und gleichzeitig eine hohe Kohlenstoffspeicherung durch die Carbonatisierung von Magnesiumsilicatmineralien zu erreichen. Granite Creek wird Material aus seinem voll im Besitz befindlichen Star Ni-Cu-PGE-Projekt in Zentralbritisch-Kolumbien bereitstellen, wobei die damit verbundenen Standortarbeiten und Analysegebühren durch die NRCan-Finanzierung abgedeckt werden.
- Secured $2.28 million in government funding for technology development
- Project costs for site work and analysis covered by NRCan funding
- Potential for enhanced metal extraction from Star project
- None.
VANCOUVER, BC / ACCESS Newswire / February 24, 2025 / Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) ("Granite Creek" or the "Company") is pleased to announce that, further to its February 05, 2025 news release regarding the Company's participation in a new technology development project, the project has secured funding from Natural Resources Canada ("NRCan"). The project has been approved for total funding up to
The project is designed to target ultramafic rocks prospective for nickel and other critical minerals to enhance the economic potential of permanent carbon sequestration. Granite Creek will supply material from its
The technology development project, entitled, "Development of Extraction and Carbonation Technology for Ultramafic Rocks", is being led by Kemetco Research Inc. ("Kemetco") with funding support from Natural Resources Canada. The project will primarily focus on laboratory and pilot-scale development work for a technology aimed at enhanced metal extraction with a high level of carbon sequestration through carbonation of magnesium silicate minerals. As a part of this program, Granite Creek's related site work expenses and analytical costs will be covered under the NRCan funding.
Tim Johnson, President & CEO stated, "We are pleased to receive support from NRCan and look forward to working closely with Kemetco to advance the technology and the development of the Star project. "
"Developing and deploying carbon management technologies needed to achieve Canada's global climate and energy goals is critical. Innovative carbon management projects, like this technology development project from Kemetco, contribute to Canada's economy while helping the environment."
Marc G. Serré
Parliamentary Secretary to the Minister of Energy and Natural Resources
About the Star Property
The Star project is located 190 kilometers northeast of Smithers, BC and is within 5 kilometers of the Omineca Resource Road and powerline that served the Kemess Mine. The 2500-hectare project is underlain by ultramafic rocks that are prospective for copper, nickel, cobalt, PGMs and gold as well as carbon sequestration and geologic hydrogen production
LTIP AWARDS
The Company also announces that it has issued 450,000 Performance Share Units to a director of the Company pursuant to the provisions of its Long-Term Performance Incentive Plan.
About Granite Creek Copper
Granite Creek Copper is a focused on the exploration and development of critical minerals projects in North America and more recently on geologic hydrogen. The Company's projects consist of its flagship 177 square kilometer Carmacks project in the Minto copper district of Canada's Yukon Territory on trend with the formerly operating, high-grade Minto copper-gold mine and the advanced stage LS molybdenum project and the Star copper-nickel-PGM plus geological hydrogen project, both located in central British Columbia. Recent acquisitions include the Union Bay geologic hydrogen project as well as entering into a letter of intent to acquire the Duke Island ultramafic project for it's geologic hydrogen potential, both projects located in the state of Alaska. Granite Creek's goal is to be among the companies with first mover advantage in geologic hydrogen exploration by leveraging the considerable geological knowledge available to the company through its existing employee and consultant base plus the addition of key consultants with extensive knowledge in the field. More information about Granite Creek Copper can be viewed on the Company's website at www.gcxcopper.com.
Qualified Person
Mr. Douglas Warkentin, P.Eng., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Warkentin is a Senior Metallurgist with Kemetco Research and an advisor to the Company.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Forward-Looking Statements
Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Granite Creek Copper Ltd
View the original press release on ACCESS Newswire
FAQ
How much funding did Granite Creek Copper (GCXXF) receive from Natural Resources Canada?
What is the purpose of GCXXF's technology development project with NRCan?
Which property will GCXXF use for the NRCan-funded technology development project?
Who is leading the technology development project for Granite Creek Copper (GCXXF)?
