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AurCrest Gold and Blue Source sign Carbon Development & Marketing Agreement for Forest Carbon Sequestration Opportunities
TORONTO, ON / ACCESSWIRE / August 19, 2019 / AurCrest Gold Inc. (the “ Company ȁ...
About this update from Big Tree Carbon Inc
[{"type":"text","content":"AurCrest Gold and Blue Source sign Carbon Development & Marketing Agreement for Forest Carbon Sequestration OpportunitiesTORONTO, ON / ACCESSWIRE / August 19, 2019 / AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSXV:AGO)(FRANKFURT:TM8A, WKN:A0YG1K) is pleased to announce that a Carbon Development & Marketing Agreement (“CDMA”) has been signed between the Company and Blue Source Canada ULC (“Bluesource”). The CDMA sets forth the terms and conditions by which the Company and Bluesource will collaborate to develop forest carbon sequestration opportunities on behalf of First Nations pursuing their inherent stewardship role both on reserve and within their traditional territories.As announced by the Company on May 27, 2019, three groups - Lac Seul First Nation, located in Northwestern Ontario, AurCrest and Bluesource - will work together to assess the potential of forests to capture and sequester carbon dioxide within the First Nation’s traditional territory (the “Project”) for the development of Greenhouse Gas (“GHG”) offsets and other potential environmental attributes, and to explore the monetization of these offsets and attributes for the benefit of the First Nation and its business partners.Bluesource has prepared for AurCrest and the First Nation an initial carbon assessment of the potential for development of carbon offsets relating to the Project at its expense. The carbon assessment analyses the feasibility of a forest carbon offset project for the purpose of supporting a decision by the First Nation to pursue the opportunity.About BluesourceBluesource is the leading carbon offset developer in North America and is recognized as such by clients and industry peers in the Environmental Finance rankings. It has a particularly strong track record in developing forest carbon projects for landowners and Indigenous communities across North America. Bluesource leverages both its technical capacity and transactional capability in carbon markets to help forest owners evaluate opportunities and generate value in diverse carbon markets by developing and monetizing offsets on their behalf.About AurCrest Gold Inc.AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of gold properties. AurCrest ha...