On December 13, 2019, the Company announced an Emissions Reduction Benefits Management Agreement (ERBMA) with Lac Seul to develop forest carbon sequestration opportunities in the First Nation's territory in Northwestern Ontario. Under the terms of the ERBMA, AurCrest is the sole and exclusive agent for LSFN to manage and develop projects within LSFN traditional territory to harvest ERBs. AurCrest entered into the CDMA with Bluesource to provide the expertise associated with development and monetizing the carbon offsets.
Bluesource helps forest owners evaluate opportunities and generate value in diverse carbon markets by developing and monetizing offsets on their behalf.
(Source: AurCrest Gold Inc., PR, 11 May, 2020) Contact: AurCrest Gold Inc., Christopher Angeconeb, Pres., CEO, (807) 737-5353,
Ian Brodie-Brown, Dir. Bus. Dev., (416) 844-9969, email@example.com, www.aurcrest.ca; Blue Source Canada, (403) 262-3026, www.bluesource.com
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As previously reported, three Northwestern Ontario First Nations groups, AurCrest and carbon offset developer Blue Source, will work together to assess the potential of forests to capture and sequester carbon dioxide (CO2) within the First Nation's traditional territory for the development of Greenhouse Gas offsets.
AurCrest, a mineral exploration company focused on the acquisition, exploration, and development of gold properties, holds a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties. (Source: AurCrest Gold Inc., PR, 19 Aug., 2019)
Contact: AurCrest Gold Inc.
Christopher Angeconeb , CEO, (807) 737-5353, firstname.lastname@example.org; Blue Source, (403) 262-3026, www.bluesource.com
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Lac Seul First Nations seeks to determine the feasibility of valuing their traditional territory for purposes of CCS and monetizing carbon offset credits for sale to the benefit of the First Nation and its business partners.
AurCrest and its subsidiary Wiigwaasaatig Energy Inc. will work with the First Nation to finalize a definitive carbon credit management agreement to develop and implement sequestration project opportunities. (Source: AurCrest Gold Inc., Accesswire, 7 May, 2019) Contact:
AurCrest Gold, www.aurcrest.ca; Lac Seul First Nation, www.lacseul.firstnation.ca
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