Business
Central African Launches Carbon Credit Revenue Initiative and Announces Private Placement
CAGR begins implementation of near-term carbon credit revenue opportunity. Allows CAGR to ...
About this update from Magma Silver Corp.
[{"type":"text","content":"Central African Launches Carbon Credit Revenue Initiative and Announces Private PlacementCAGR begins implementation of near-term carbon credit revenue opportunity.Allows CAGR to monetize 160km/sq of arable land that would otherwise sit idle.Addresses multiple ESG related concerns in DRC including environmental sustainability, sustainable revenue, and social commitments to domestic employment.Vancouver, British Columbia--(Newsfile Corp. - August 18, 2021) - Central African Gold Inc. (TSXV: CAGR) (FSE: BC2) (OTCQB: NDENF) (the \"Corporation\" or \"Central African Gold\") is pleased to announce the Corporation is evaluating the feasibility of implementing a carbon credit revenue stream on its vast land position in the Democratic Republic of Congo (DRC). Carbon credits are an ideal solution to address multiple ESG related concerns in the in the DRC, specifically environmental sustainability, sustainable revenue, and social commitments to domestic employment. Central African Gold is working closely with two internationally recognized leaders in the carbon credit accreditation and project engineering space to structure the CAGR Carbon Plan (CAP). REGISTER FOR FUTURE UPDATES AND PRESS RELEASES HERECentral African Gold has six 100% owned mineral concessions, with over 160 km/sq of surface area, containing both forests and arable lands to support carbon credit revenue generation and ready access to further large tracts of arable land near the equator, at approximately the same latitude as the Amazon Rain Forest. Carbon credits should be an additional sustainable revenue center for both Central African Gold and our DRC partners, while meeting essential ESG obligations. Central African Gold, with its teams extensive DRC background, has the experience to successfully develop and implement a robust carbon credit platform. Beyond the ESG related benefits of Central African Golds carbon credit initiative, there is an immediate revenue opportunity, allowing the Corporation to monetize its assets that would otherwise sit idle during the mineral exploration and feasibility phase. Initial carbon sink opportunities exist both in leveraging the development of large tree farm ecosystems as well as solar PV farms which would be in close proximity to existing mining operations that are desperate for cleaner power to meet their own ESG obligations. Abou...