(TheNewswire)
Regina, SK – TheNewswire – April 3, 2024 – Carbon RX Inc (“Carbon RX”) is pleased to announce the approval of its inauguralnature-based Carbon Credit Project, "The Carbon RX CanadianPrairies Cropland Project," by the Pure Sky Registry, LLC (“Pure Sky”) . This project, located on Treaty 4 Territory inSaskatchewan, Canada, is projected to sequester approximately 1.5million tonnes of carbon over the 20-year project. Through the PureSky approval, the project provides quality carbon credits forinternational buyers in the voluntary carbon market supporting farmingpractices committed to carbon removals and reductions.
"The approval of our project validates theimportance of Canadian agriculture in the global carbon offsetmarket," said Marty Seymour, CEO of Carbon RX and founding memberof Pure Sky. "Agricultural practices are the ideal instrument tosequester carbon in the soil. Farmers are looking for ways toparticipate in the carbon markets through their regenerative practicesand Pure Sky offers an ideal standard for this project."
The project combines minimal tillage with reducednitrogen fertilizer and fuel usage, enhancing soil carbon storage anddecreasing greenhouse gas emissions. The unique nature of the projectis the inclusion of First Nation and non-First Nation farmed lands.
"We are proud to have the Carbon RX CanadianPrairies Cropland Project as the first to receive our approval,"commented Shidan Gouran, Co-Founder and Member of Pure Sky. "Thisapproval marks a significant moment for Pure Sky, showcasing ourcommitment to setting high standards within the carbon registry sectorand supporting credible, high-quality carbon offset projects usingblockchain technology."
Like all voluntary carbon registries, the Pure Skystandard requires projects to adhere to the rigorous ISO 14064standards, including third-party validation, as a criterion forapproval. Pure Sky’s unique decentralized and open voting systemprovides transparent and timely approvals of carbon projects with allcarbon credits tracked on a digital ledger.
According to a 2023 report by Morgan Stanley, thevoluntary carbon-offset market is projected to expand from about $2billion in 2022 to approximately $100 billion by 2030 and $250 billionby 2050. Initiatives like the Canadian Prairies Cropland Project willcontribute to this growth, offering scalable and effective solutionsfor carbon sequestration globally.
About CarbonRX
Headquartered on Treaty 4 Territory in Regina, SK,Carbon RX specializes in the origination and streaming of carboncredits. Backed by a team of agriculture, forestry, and hydrocarbonexperts; Carbon RX provides high-fidelity carboncredits to the international voluntary carbon market, ultimatelyaiding Canada in the race to net-zero emissions.
For more information, visit carbonrx.com .
About Pure Sky Registry LLC
Pure Sky Registry LLC, a Web3 Carbon Credit Registry,focuses on the certification and digitization of carbon credits,promoting environmental sustainability through blockchaintechnology .
For more information, visit puresky.earth
For mediainquiries
Carson Sinclair
Cell: 306-690-9235
E ? mail: carson.sinclair@carbonrx.com
Forward Looking Statements
This news release contains "forward-lookinginformation" within the meaning of applicable Canadian securitieslegislation, which are based upon Delta CleanTech Inc.(“ Delta ”) and Carbon RX (Delta’s subsidiary), current internalexpectations, estimates, projections, assumptions and beliefs andviews of future events. All statements other than statements ofhistorical fact are forward-looking information. Forward-lookinginformation can be identified by the use of forward-lookingterminology such as "expect", "likely","may", "might", "will","shall", "should", "intend","anticipate", "project", "contemplate","continue", "potential", "proposed","estimate" and other similar words, including negative andgrammatical variations thereof, or statements that certain events orconditions "may", "would" or "will"happen, or by discussions of strategy. Forward-looking informationinclude estimates, plans, expectations, opinions, forecasts,projections, targets, guidance, or other statements that are notstatements of fact. These statements involve known and unknown risks,uncertainties and other factors that may cause actual results orevents to differ materially from those anticipated in suchforward-looking information. No assurance can be given that theseexpectations will prove to be correct and such forward-lookinginformation included in this news release should not be unduly reliedupon. These statements speak only as of the date of this news release.Carbon RX does not undertake any obligations to publicly update orrevise any forward-looking information except as required bysecurities law.
The CSE does not accept responsibility for the adequacyor accuracy of this release.
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