Purebase hosts partners in philanthropy and climate to decarbonize heavy industry

Rhea-AI Summary

Purebase Corporation hosted a group of stakeholders at its Ione, CA site to showcase its operations and plans to address global greenhouse gas emissions. The company is developing a low-carbon alternative material to cement that could save $20 per ton and reduce carbon dioxide emissions by up to 40 percent.

Positive

• Purebase is developing a low-carbon alternative material to cement that could reduce carbon dioxide emissions by up to 40 percent.
• The Department of Energy found that this material could save $20 per ton.
• Purebase has access to a vast deposit of minerals in California that provides sustainability and supply-chain reliability.

Negative

• None.

IONE, CA, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Purebase Corporation (OTCPK: PUBC), (“Purebase”) recently hosted a group of energy and environment stakeholders at its Ione, CA site, coordinated by ClimateWorks Foundation, a global platform for philanthropy to innovate and scale high-impact climate solutions that benefit people and the planet. The site visit showcased Purebase’s operations and its plans to address global greenhouse gas (GHG) emissions through its new supplementary cementitious material (SCM) products.

Purebase is in the process of calcining clay for LC3, a low-carbon alternative material to cement that could transform heavy industry. A new report from the Department of Energy found this material to save $20 per ton and reduce carbon dioxide emissions by up to 40 percent.

Attendees viewed ongoing operations and several of the significant clay deposits, then had a discussion with onsite geologists and engineers about the new climate friendly SCM technology. Discussions centered around the potential GHG reductions using Purebase SCM’s and the efficient mining methods employed to process the ore. Purebase has a unique opportunity to produce low-carbon cement materials within the next year due to current permits in place at its operations.

In attendance were representatives from ClimateWorks Foundation, AJW, Arup, Columbia, EDF, Low Carbon Initiative, NBI, NRDC, Project 2030/E2, Sierra Club California, Tempest Advisors, University of Washington, Prologis, and the U.S. Energy Foundation.

Purebase Corporation CEO Scott Dockter stated, “What we were able to convey through this in-person site visit is our access to a vast deposit of minerals that is in excess of 300 million tons here in California. These resources provide us with the potential for sustainability, consistency, and supply-chain reliability that few other resource providers have to offer. We intend to be a part of the climate solution for many decades to come.”

ClimateWorks Foundation Associate Director Scott Shell stated, “Cement is responsible for around 8% of global carbon emissions, and we can reduce that by up to 40% or more using calcined clay like the one Purebase intends to produce. Low-emission cement materials will be a key strategy to help California meet its net zero cement goal by 2045 as required by SB596.”

About Purebase Corporation

Purebase Corporation (OTCPK:PUBC) is a diversified resource company that acquires, develops, and markets minerals for use in agriculture, construction, and other specialty industries.

Safe Harbor

This press release contains statements, which may constitute “forward-looking statements”. Those statements include statements regarding the intent, belief, or current plans or expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Risks and other important factors concerning Purebase’s business are described in the Company’s Annual Report on Form 10-K for the year ended November 30, 2022, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contacts

Emily Tirapelle - Purebase Corporation | emily.tirapelle@purebase.com.

FAQ

What is Purebase Corporation developing?

Purebase Corporation is developing a low-carbon alternative material to cement.

How much could the new material reduce carbon dioxide emissions?

The new material could reduce carbon dioxide emissions by up to 40 percent.

How much money could the new material save per ton?

The new material could save $20 per ton.

What advantages does Purebase have?

Purebase has access to a vast deposit of minerals in California, providing sustainability and supply-chain reliability.