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Regina, SK – November 26, 2024 – TheNewswire – Carbon RX Inc. (“Carbon RX”) is proud to announce a new partnership with the Pimicikamak Cree Nation (“Pimicikamak”) to assist in forest management and preservation of First Nation lands in Manitoba. The project includes 3 million acres of traditional lands in the Canadian boreal forest, home to the Pimicikamak people.
“We are the original keepers of the land,” said Chief David Monias, Chief of Pimicikamak. “As part of our inherent rights, we proudly hold historic environmental sovereignty over our traditional lands. We can use modern techniques like carbon crediting to protect and preserve these lands for the next generation. We encourage other Nations to do the same.”
First Nation forests generate carbon credits by acting as Mother Earth’s solar panels and absorbing and storing carbon dioxide from the atmosphere through photosynthesis. When a forest is managed sustainably or restored, the additional carbon sequestered can be quantified and verified as carbon credits.
“We are excited about the opportunity to partner with Pimicikamak,” Says Neil Dobson – Vice President, “First Nations Communities have a significant opportunity within the carbon markets. With so few active projects in Canada supporting First Nations carbon initiatives, we anticipate significant demand for these credits.”
Canada has a significant number of forest carbon projects, with various initiatives spread across the country. Prominent projects include the Darkwoods Forest Carbon Project and the Boreal Wildlands Project, managed by the Nature Conservancy of Canada (NCC). These projects contribute to the voluntary carbon market by offering carbon credits to businesses and governments seeking to offset their emissions.
About Carbon RX
Headquartered on Treaty 4 Territory in Regina, SK, Carbon RX specializes in the origination and streaming of carbon credits. Backed by a team of agriculture, forestry, and hydrocarbon experts, Carbon RX provides high-fidelity carbon credits to the international voluntary carbon market, ultimately aiding Canada in the race to net zero emissions.
For more information, visit carbonrx.com.
About Pimicikamak Cree Nation
Pimicikamak Cree Nation, also identifies as Cross Lake Band of Indians, is located along the Nelson River in northern Manitoba, about 520 kilometres north of Winnipeg. The Nation is committed to maintaining its Cree cultural heritage and environmental stewardship of its traditional lands, which span vast boreal forests. Pimicikamak engages in economic initiatives, including forest management and preservation, while advocating for community growth and self-determination.
For more information, visit crosslakeband.ca.
For media inquiries
Carson Sinclair
Cell: 306-690-9235
E‐mail: carson.sinclair@carbonrx.com
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which is based upon Delta CleanTech Inc. (“Delta”) and Carbon RX (Delta’s subsidiary), current internal expectations, estimates, projections, assumptions beliefs and views of future events. All statements other than statements of historical fact are forward-looking information. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "might", "will", "shall", "should", "intend", "anticipate", "project", "contemplate", "continue", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this news release should not be unduly relied upon. Specifically, this news release contains forward-looking information concerning the partnership with the Pimicikamak Cree Nation, Carbon RX providing forest management and preservation work and the demand for carbon credits from First Nation Communities. These statements speak only as of the date of this news release. Carbon RX does not undertake any obligations to publicly update or revise any forward-looking information except as required by securities law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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