ASX:GTR

GTI Targets Carbon Neutral Operations As Part Of ESG Initiatives

GTI Resources Ltd (GTI or the Company) is pleased to advise that, in conjunction with its ESG monitoring and reporting initiative, it has committed to become operationally carbon neutral.


Highlights:

  • GTI is transitioning to carbon neutral operations as it seeks to develop its clean energy ISR uranium projects in Wyoming, USA
  • GTI’s recently commenced maiden uranium drill program in Wyoming to be carbon neutral
  • ISR mining is the lowest cost uranium production method with less environmental impact than hard rock mining
  • Carbon Credits secured from the Nyaliga Aboriginal Corporation’s Nyaliga Fire Project based in the East Kimberley of Western Australia
  • Climate Active Certification application underway as a core part of the Company’s ESG initiatives

The Company has reviewed options to reduce and offset residual carbon emissions both from its current drilling program in Wyoming and the ongoing day to day operations of the Company. This review has resulted in a decision to acquire and eventually retire Australian Carbon Credit Units (ACCU’s or Carbon Credits). To this end, the Company has acquired 450 Carbon Credits from the Nyaliga Fire Project1 which was registered as an eligible offset project in 2017 by Nyaliga Aboriginal Corporation and is based in the East Kimberley of Western Australia. This particular project was selected due to the numerous co‐benefits generated by the creation of these ACCUs, including environmental, social and cultural, whilst the credit generation is verified and governed by the Clean Energy Regulator. The number of ACCUs’ acquired is based on an internally generated, uncertified, estimate of GTI’s carbon emissions during 2021 & 2022.

Click here for the full ASX Release

This article includes content from GTI Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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