In case you missed the news this morningCheers...have agreat day
ArcPacific Establishes ACP Carbon Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2022) - ArcPacific Resources Corp. (TSXV: ACP)("ACP" or the "Company") is pleased to announce it has formed a wholly owned subsidiary, ACP Carbon Corp. to explore business opportunities in the voluntary carbon offset credit market. Such opportunities exist within the Canadian landscape that are closely related to the natural resource sector. The Company sees the voluntary carbon offset credit market as a rapidly evolving space, which may avail opportunities for ACP to form complementary partnerships and develop business models to take part in the monetization of such credits.
Adrian Smith, CEO of ACP comments, "The Company is excited to explore new opportunities in the voluntary carbon credit offset market, a new emerging sector that has close ties to the natural resource industry. At first glance, the carbon credit system may seem quite complex, but it is now on a path to an internationally recognized incentive system. Through high quality standards, this system can decrease overall global greenhouse gas emissions, prevent further climate change and potentially generate revenue through various forms of carbon credit projects."
Additional Update
The Company continues to advance the LMSL Copper Gold Silver and the Blackdome Gold Silver Projects in British Columbia, and the Rickard Gold Project in Ontario, Canada. The Company will also provide additional updates in regard to the detailed technical targeting program being completed by GoldSpot on the LMSL project. The LMSL project is the most advanced project in the Company's portfolio and provides near-term exposure to significant upside and discovery potential.
The Company continues to assess new business opportunities in addition to the continued advancement of its projects. The Company is currently working closely with GoldSpot to unlock economic potential on the data rich LMSL project through a variety of machine learning applications and will provide more updates as they become available.
Disclosure
Adrian Smith, P.Geo., is a QP as defined by National Instrument 43-101 for the above-mentioned project. The QP is a member in good standing of the Engineers and Geoscientists of British Columbia (EGBC) and is a registered Professional Geoscientist (P.Geo.). Mr. Smith has reviewed and approved the technical information disclosed above.
About ArcPacific Resources Corp.