Vancouver, British Columbia – (Newsfile Corp. – December 13, 2021) – Gold from Central Africa Inc. (TSXV: CAGR) (FSE: BC21) (OTC Rose: NDENF) (“TCCA” Where “Gold from Central Africa“) is pleased to announce that with the guidance of independent consultants EcoMetrix and Inerjys, CAGR has identified a strong business case for the implementation of an industrial solar energy project in the DRC as part of a Carbon Credit Strategy The strategic business plan included modeling to assess the economic viability of generating a salable carbon credit and establishing a sustainable and environmentally friendly income stream. will now endeavor to enter into a Power Purchase Agreement (PPA) with a local industrial electricity consumer as a pilot project.The PPA will enable CAGR to advance discussions with various international funding partners.
Stephen Barley, Executive Chairman, said: “CAGR will retain its primary focus of acquiring and developing energy metal mining projects in the DRC. CAGR investigated the generation of carbon credits as a way to create a short-term income stream for sustainable environmental and social activities which CAGR would have undertaken as part of its ESG obligations anyway. Our efforts in completing a business case study highlighted a clear opportunity to use clean solar power to meet environmental, carbon credit, and ESG goals as part of a model. viable business. that the IRR of the most attractive project with the shortest payback period is achieved when solar energy is used to fully or partially offset the energy supplied by diesel generator sets in industrial applications, such as power plants. Mineral processing. Diesel generator sets are widely used in the DRC, either due to the lack of availability of electric power from a constantly overloaded DRC grid or the complete absence of an electricity grid in remote areas. CAGR will continue to work on an effective structure to execute the business strategy and realize the apparent revenue potential. “
About carbon credits
A carbon credit is a tradable permit or certificate that gives its holder the right to emit one tonne of carbon dioxide or the equivalent of another greenhouse gas and is essentially a compensation for industries producing gases. Greenhouse effect. The obligation to meet emission reduction targets is now imposed in most countries with significant penalties for non-compliance. If an industry cannot meet the required levels, an efficient global market develops where these companies can purchase carbon credits to offset their emissions. There are three main types of carbon credits: those derived from reducing emissions through efficiency, such as solar PV, wind and other non-fossil energy sources; eliminated emissions by sequestering carbon and planting forests or other vegetation constituting a “carbon sink”; and avoid emissions by increasing mechanical efficiency.
About Central African Gold Inc.
Central African Gold is a natural resource company primarily focused on the acquisition, exploration, development and operation of copper, cobalt and nickel battery metal mining projects in the DRC. The implementation of a carbon credit program will complement metal battery operations and meet important ESG requirements. Central African Gold intends to acquire interests in additional concessions or to forgo concessions in the ordinary course of business. Central African Gold has an experienced management team located in the DRC.
For more information, please contact:
Stephen Barley, Executive Chairman
Notice to readers
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain “forward-looking information” within the meaning of applicable securities laws, including the successful implementation of a carbon credit program; the acquisition of additional copper, cobalt and nickel projects; establishing profitable revenue centers for the Company and its partners in the DRC; the continued growth of the clean technology and carbon credits sectors;. Although the TCCA believes, based on the experience of its officers and directors, current conditions and expected future developments and other factors that have been deemed appropriate, that the expectations reflected in this forward-looking information are reasonable, it does not They should not be relied on unduly as TCCA cannot guarantee that they will prove to be accurate. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this press release are made as of the date of this press release. CAGR assumes no obligation to comment on analyzes, expectations or statements made by third parties with respect to CAGR its securities, or its financial or operating results.