With the world moving toward net-zero carbon emissions, the U.S. just pledged to greenhouse gas emission by nearly half over the next 10 years. “That’s where we’re headed as a nation, and that’s what we can do if we take action to build an economy that’s not only more prosperous but healthier, fairer and cleaner for the entire planet,” said President Biden, as quoted by The White House. “These steps will set America on a path of net-zero emissions economy by no later than 2050.” In an effort to help, many companies have become far more committed to low carbon emissions, including Windfall Geotek Inc. (TSXV:WIN) (OTC:WINKF)(FSE:L7C2), Cielo Waste Solutions Corp. (CSE:CMC)(OTC:CWSFF), Exro Technologies Inc. (TSXV:EXRO)(OTC:EXROF), Solar Alliance Energy Inc. (TSXV:SOLR)(OTC:SAENF), and Tesla Inc. (NASDAQ:TSLA).
Look at Windfall Geotek (TSXV:WIN)(OTC:WINKF)(FSE:L7C2) For Example
Windfall Geotek just announced the Wachigabu Copper & Gold Property in the La Ronde Township located in the Chibougamau-Matagami archean greenstone belt is available for option. This property has been developed using digital methods that limit greenhouse gas emissions. Where emissions were generated, these have been mitigated through purchasing carbon offsets.
Dinesh Kandanchatha, Chairman & Interim CEO commented: “Last Friday CNN reported that the Biden administration has committed to cut US carbon emissions by 52% before 2030. Windfall has been leading the field of low carbon exploration since our first project in 2005. I expect that we are going to see all market participants be required to demonstrate they have made the necessary investments to meet society’s commodity requirements in a carbon neutral way. Our Wachigabau Lake property is the next step on our decade long low- carbon emission journey.”
Location, Access and Infrastructure of the Chapais Property:
- The Wachigabu Lake Property is located 40 km east of Desmaraisville and 60 km southwest of Chapais
- The property is part of the La Ronde and La Ronciere townships and is located in NTS map sheet 32G/12. The center of the block is located at latitude 49° 34’ 43.6’’ N and longitude - 75° 38’ 40.6’’ W (453400mE, 5492000mN, NAD83 UTM zone 18)
- Property comprises 48 map designated claims, totalling 2,679.31 (26.79 km2).
- The property is accessible from Quebec Provincial Highway 113 via all-weather gravel roads, which are part of a network of logging roads accessible from, 25 kilometres northeast of Desmaraisville.
- Power lines run through the eastern portion of the property
Geological & Historical context
- The Wachigabau Lake property lies within the Southern band (Caopatina Segment) of the Chibougamau-Matagami archean greenstone belt.
- The Caopatina Segment is a volcano-sedimentary rock assemblage composed of two principal formations: the Obatogamau formation, a vast plain of tholeiitic basalts with a few mafic to felsic volcanic centers, and the Caopatina formation, an overlying sedimentary sequence. These formations are part of the lower volcanic cycle of the Roy Group.
The region hosts rich mineral deposits such as:
- the Shortt Lake gold mine which is 12 km northwest of the property. Shortt Lake Reserves are 2,694,920 t at 4.59 g/t Au (GM 59755).
- Mariposite deposit, located 6 km Northwest of the property, with reserves of 700,000 t at 2.0 g/t Au for the Mariposite zone and more than 2,000,000 t at 1.0 g/t Au for the west zone (GM 59755).
- 2018 IP Survey identified a total of 152 individual IP anomalies, further grouped as 52 chargeable lineaments.
Nathan Tribble P.Geo, Director commented: “The Chibougamau-Matagami region is well known for its abundance of precious metals with many big players in the area. This project is part of a new generation of mining projects that seek to chart a new path in the resource sectors relative greenhouse gas emissions. The existing infrastructure and digital exploration techniques of Windfall should mitigate Scope 1 and Scope 2 carbon impact while still creating the potential for a copper, zinc and gold resource.”
Other related developments from around the markets include:
Cielo Waste Solutions Corp. announced the appointment of former cabinet minister the Hon. Peter MacKay, P.C., Q.C. and Jasdeep Dhaliwal, CPA,CA to its Board of Directors effective April 8, 2021 as well as the appointment of Stephanie Li CPA,CA as its new Chief Financial Officer effective May 10, 2021. Ms. Li will replace Shawn Frenette, who will assume a newly created position of Vice President of Global Development. This new position has been created to allow Mr. Frenette to focus on developing corporate strategies as the Company seeks to expand into the US and other global markets. This will become an integral position as Cielo continues its plans for maximum growth.
Exro Technologies Inc., a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has signed a supply agreement with Vicinity Motor Corp. to deploy Exro enhanced electric buses. Vicinity Motor Corp. (formerly Grande West Transportation Group) is a leading supplier of advanced shuttle transportation vehicles for public and commercial use. With operations in Canada and the US, VMC has established significant market penetration and a large backlog of bus orders. Vicinity’s flagship product line, the Vicinity Bus, is a purpose-built electric bus revolutionizing sustainable public transit with next generation components.
Solar Alliance Energy Inc. provided an updated outlook on its goals and objectives for the remainder of 2021 with a clear focus on the rapidly growing U.S. solar market. “This year has seen Solar Alliance achieve an important financial milestone already,” said CEO Myke Clark, “and we see a number of catalysts in the near term that we believe will be transformative for the company. With the closing of our $5.7 million financing in Q1, we are now perfectly positioned at the right time to aggressively pursue what we see are tremendous growth opportunities in the US. solar market that could increase revenues exponentially.”
Tesla Inc. announced that, “In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Windfall Geotek by Windfall Geotek We own ZERO shares of Windfall Geotek. Please click here for full disclaimer.
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