Klimat X Announces Its High-Level Participation in COP28 UAE UN Climate Change Conference

Klimat X Announces Its High-Level Participation in COP28 UAE UN Climate Change Conference

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company and its stakeholders, is pleased to announce that company Co-Founder, Kevin Godlington will participate in the COP28 conference in Dubai within the 'blue zone', typically restricted to only UNFCCC-accredited participants such as world leaders and government delegates. It hosts the formal negotiations across the two weeks of the conference, as well as the World Climate Action Summit, the country pavilions and presidency events. This participation allows the company full access to the Conference of Parties with the goal of showcasing the Company's leadership in forest and mangrove conservation and restoration projects. The Company is actively seeking partnerships in new jurisdictions to expand its pipeline of projects.

  • The COP meeting will seek to advance trading mechanisms under Article 6 of the Paris Agreement, which will build a market for government-to-government trading of carbon emissions reductions.
  • The Company's current commitments, covering over 50,000 ha of forest restoration and at least 50,000 ha of mangrove conservation are well advanced. To date, the Company has planted almost 1500 ha of forest restoration and has mapped over 20,000 ha of land owned privately by smallholders
  • The first 5000 ha of restoration is expected to generate approximately 1.9 million tonnes of carbon credits over the project lifespan. The full project area identified to date have the potential to produce over 35 million tonnes of carbon credits based on modelling completed to date
  • Under the leadership of Kevin Godlington , the Company is developing a new quality assurance system called 'Carbon Done Right' using advanced technology and applications of artificial intelligence to create a traceability system that provides best in class transparency for buyers, smallholders, and government within the carbon credit supply chain.
  • Participation will allow the Company to pursue opportunities to develop projects in other jurisdictions that supports investments that create long term revenue streams for smallholders and produce the highest quality of carbon credits.

The Company has surveyed and verified almost 20,000 ha of land for restoration to date through a comprehensive Participatory Mapping process. An NGO, Namati, is acting on behalf of the landowners and preparing land lease agreements through a collaborative Free and Prior Informed Consent process.

Klimat X CEO, James Tansey commented 'Our participation at the highest levels of COP28 demonstrates the company's leadership as a global, large scale carbon project developer. Our commitment to quality, transparency and traceability will continue to advance our leadership in providing scalable solutions to climate change, while also providing equitable incomes to some of the world's poorest people.'

About Klimat X

Klimat X is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their net zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The Company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Klimat X deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including West Africa , Yucatan , Guyana and Suriname.

On behalf of the Board of Directors

"James Tansey"
James Tansey
Chief Executive Officer

Cautionary Note Regarding Forward Looking Statements

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements and forward-looking information (collectively " forward looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "intends" "expects" and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering and the ongoing business of the Company. Klimat X cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Klimat X including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Klimat X. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Klimat X does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

SOURCE Klimat X Developments Inc.

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Klimat X Announces Joint Venture Agreement Terms with Imperative Global Projects for Yucatan Mangrove Project

Klimat X Announces Joint Venture Agreement Terms with Imperative Global Projects for Yucatan Mangrove Project

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) is a leading provider of high-quality technology-enabled carbon credits sourced exclusively from conservation and reforestation carbon projects developed and owned by the Company and its stakeholders, is pleased to announce it has signed a binding Heads of Agreement with Imperative Global Projects Pte Ltd ( Imperative ) to jointly develop the large-scale mangrove restoration project in the State of Yucatan, Mexico secured and previously announced by Klimat X.

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Klimat X Announces Receipt of Third Disbursement of Financing for Sierra Leone Rewilding Project

Klimat X Announces Receipt of Third Disbursement of Financing for Sierra Leone Rewilding Project

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company and its stakeholders, is pleased to announce the completion of all milestones required for the third disbursement under the pre-purchase agreement announced on the 14 th June, 2023.

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X CEO James Tansey stated 'This third milestone demonstrates the successful progress with our operations in Sierra Leone and our commitment to delivering high quality carbon credits.  Our decision to switch to the new restoration protocol, announced by Verra in late 2023, will ensure our projects are aligned with our aspiration for high integrity credits and we do not expect this change will create any significant delays. Our team is very busy managing the 2023 plantings and preparing for an increase in planting activity in 2024.'

  • The company has completed 1,000 ha in the 2023 planting season and has submitted the Project Design Document (PDD) for final approval with an independent validation company.
  • Verra, the global registry for carbon projects released a new protocol VM0047 in September 2023 that improves the monitoring of carbon projects. While the Company could have proceeded under the old protocol, the decision was made to transition to the new protocol to ensure the highest standards of certification.
  • The Company is also developing a new technology platform called Carbon Done Right, which provides unprecedented transparency and traceability for restoration projects connecting smallholder farmers with a system that is designed to ensure the value created from the sales of carbon credits is shared fairly with land owning families.
  • All land owner agreements have been overseen by an independent party which verifies that the agreement meet the conditions of Free Prior and Informed Consent.

The company is developing a large-scale rewilding reforestation project in Sierra Leone , for an initial area of 5,000 ha, which can be extended by a further 20,000 ha. The initial project area of 5,000 ha will produce up to 1.9m tonnes of validated and verified Verra carbon credits over 30 years. The total pre-purchase amount will be repaid through the delivery of validated and verified carbon credits to the pre-purchaser.

The Company has mapped and verified almost 20,000 ha of land for restoration and is working with an NGO, Namati to ensure land owner agreements are concluded under independently observed Free and Prior Informed Consent. There are large areas of degraded land that could be restored under this same model and the Company is pursuing a mangrove restoration and conservation project covering up to 10,000 ha.

About Klimat X

Klimat X is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their Net Zero goals. The Company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems.  The Company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Klimat X deploys capital at risk under various arrangements (including cooperation, assignment, and production sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone , Yucatan , Guyana and Suriname.

On behalf of the Board of Directors

"James Tansey"
James Tansey
Chief Executive Officer

http://www.klimatx.   com

Cautionary Note Regarding Forward Looking Statements

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements and forward-looking information (collectively " forward looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "intends" "expects" and similar expressions which are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Offering and the ongoing business of the Company. Klimat X cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Klimat X including expectations and assumptions concerning the Company and the need for additional capital by the Company through financings, and the risk that such funds may not be raised. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Klimat X. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Klimat X does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

SOURCE Klimat X Developments Inc.

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Klimat X Announces BP Carbon Trading Limited as First Funding Partner of Restoration Project

Klimat X Announces BP Carbon Trading Limited as First Funding Partner of Restoration Project

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality technology enabled carbon credits, sourced exclusively from afforestation and reforestation projects, developed and owned by the Company and its stakeholders, is pleased to announce that UK-based BP Carbon Trading Limited is the first funding partner of the Company's Sierra Leone restoration project.

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Klimat X Welcomes Trove Research Report Showing Robust and Growing Revenues for Nature Based Restoration Projects

Klimat X Welcomes Trove Research Report Showing Robust and Growing Revenues for Nature Based Restoration Projects

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company and its stakeholders, is pleased to share recent independent research from Trove confirming that nature-based restoration projects continue to command very significant premiums over average carbon prices. Over the last 12 months, Trove's research in the report '3Q3 Voluntary Carbon Market in Review' indicates that prices for restoration projects have increased by 63% to weighted average prices approaching USD25 per ton. Trove indicates that investors expect average prices of USD11 -18 per ton by the end of 2023 with some investors anticipating prices as high as USD23 -26 per ton. These nature restoration projects have attracted significant premiums, while pricing for other project types have remained flat or declined.

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Dr. James Tansey to Deliver Keynote on the Evolution of the Carbon Markets at the Armchair Trader Investor Event in London, UK

Dr. James Tansey to Deliver Keynote on the Evolution of the Carbon Markets at the Armchair Trader Investor Event in London, UK

KLIMAT X Developments Inc. Logo (CNW Group/KLIMAT X Developments Inc.)

Klimat X Developments Inc. ("Klimat X" or the "Company") (TSXV: KLX) (FSE: Q1C) a leading provider of high-quality carbon credits sourced exclusively from afforestation and reforestation projects developed and owned by the Company and its stakeholders, is pleased to announce that CEO and Founder, Dr. James Tansey will present the keynote entitled, 'The Evolution of the Carbon Markets and the Role of Nature Based Solutions to Fight Climate Change' at the Beyond the Channel investor event in London, UK on November 30, 2023 . "It's a pleasure to be chosen to speak in London to the Armchair Trader audience of sophisticated investors. I look forward to presenting a science-based outlook on the carbon markets and the business of financing nature-based solutions on an extraordinary scale to create lasting change." comments Tansey.

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Bitcoin Well Provides Preliminary Year End Update and Bitcoin Super Company Vision

Bitcoin Well Provides Preliminary Year End Update and Bitcoin Super Company Vision

Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a preliminary, unaudited year end update and the "bitcoin super company" vision.

Key highlights

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Lake Resources NL  Presenting at the Bell Potter Unearthed Natural Resources Conference

Lake Resources NL Presenting at the Bell Potter Unearthed Natural Resources Conference

Sydney, Australia (ABN Newswire) - Lake Resources (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF), the responsible lithium developer, announces that management will present at the Bell Potter Unearthed Natural Resources Conference, a virtual event which began on 12 February and will continue through 15 February, from 9:00 a.m. to 6 p.m. AEDT.

Lake CEO, David Dickson will present to investors on 14 February at 9:50 a.m. AEDT.

Dickson will discuss challenges and opportunities within the lithium sector as well as provide an update on the strategic delivery of Lake's Flagship Kachi project located in the heart of Argentina's Lithium Triangle.

The presentation will be available on the Lake Resources website.

Lake also wishes to congratulate its technology and Kachi project partner, Lilac Solutions, for its successful Series C capital raise to support the continued scaling up of proven technology.

Lilac raised US$145m with support from Mercuria, Lowercarbon Capital, Breakthrough Energy Ventures, Engine Ventures, T. Rowe Price, Sumitomo, Emerson Collective, Mitsubishi and The Nature Conservatory.

For more information or to register to attend the virtual conference, visit:
https://www.abnnewswire.net/lnk/160Q17E0

To view the Presentation, please visit:
https://www.abnnewswire.net/lnk/F7HDJ8UZ



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.



Source:
Lake Resources NL

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Lake Resources NL  JORC Update

Lake Resources NL JORC Update

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources N.L. (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) reports that drilling completed at the Kachi Lithium Brine Project ("Kachi" or the "Project") in Catamarca Province, Argentina continues to intercept lithium bearing brine in sand units favourable to extraction over thick intervals in the southern portion of central resource area.

The K25D44 drillhole (Figure 1* and Figure 2*) was not completed in time to be incorporated into the Project's Definitive Feasibility Study (DFS) for Phase One, released in December 2023. However, the results from the drillhole confirm the presence of higher-grade lithium brine south of the central resource area to a depth of more than 600 m. The results further support the positive hydrogeological modelling results that were the basis for the Project Ore Reserve and Definitive Feasibility Study (DFS) submitted in December 2023. The DFS highlights include:

- Total resource is estimated at 10.6 Mt LCE, a globally significant resource.

- 25-year life of mine (LoM) supported by maiden Ore Reserve statement.

- Phase One targets a production of 25,000 tonnes per annum (tpa) over the LoM to meet the growing demand and specifications of the battery market.

- The 25,000 tpa operation recovers only a small fraction of the Measured and Indicated Resource, which allows Lake to study further expansions.

- DLE process tailored to mitigate impact on the local community with minimal disruption to land, freshwater table, and water usage.

- The Project targets production of consistent battery grade lithium carbonate (>99.5% purity) at site without the need for further refining or processing.

- Kachi is targeting first lithium in 2027 with ramp-up to full capacity by the end of 2028, which is forecast to coincide with the start of a prolonged period of structural deficit for battery grade lithium chemicals.

Drillhole results prove the continuity of higher-grade lithium brines, south of the Phase One DFS extraction wellfield design and across a northwest-southeast trending fault that is interpreted to create the escarpment south of the field. The relatively high lithium and favourable geologic materials grades beyond the planned DFS wellfield highlight continued favourable results for a higher capacity wellfield.

"The latest drilling intercept further demonstrates the vertical continuity of the lithium bearing brine to more than 600 metres in clean, fine and medium grained sands conducive to high productive extraction wells." commented Michael Gabora, Director of Geology and Hydrogeology of Lake Resources. He continued, "With an average of 257 mg/L through the production zones, the K25D44 hole continues the trend of intercepting lithium grades that are significantly higher than the 205 mg/L design basis of the DFS".

Continuation of Higher-Grade Lithium Resource Intercepts to the South

The principal objectives of the K25D44 (K25 Platform) drillhole were to:

1) Test the continuity of the lithium resource to the south, outside of the footprint of the salar;

2) Expand the Measured Resource to the south and potentially connect the Measured Resource to previous positive lithium intercepts at K21 (Figure 1*);

3) Complete additional sampling and analysis of the deeper portion of the unconsolidated deposits from about 400 m to more than 600 m depth; and,

4) Validate lithium concentrations used in the area of K25 in the Ore Reserve analysis completed with the calibrated hydrogeologic model.

K25D44 was drilled about 2.25 kilometres southwest of K16D28 (K16 Platform; Figure 1*) and has an average lithium grade of 219 mg/L from 19 samples collected between 40 and 622 m below ground surface (bgs) (Table 1*). All but two samples were collected with single packer configurations generally with a test interval of about 10 to 15 m, although this varied depending on hole conditions. Standard operating procedures are followed with significant development of the test interval, at least 3 borehole volumes (measured from surface to hole bottom), and sampling only occurs once brine is clear and field chemistry parameters are stable and indicative of reservoir fluids.

A standpipe piezometer was installed and screened between 418 to 430 m below ground surface and was developed and sampled via airlifting. Results for the airlift sample are consistent with the packer testing within the same interval, with 275 mg/L measured by SGS and 248 mg/L measured by Alex Stewart laboratory, for an average of 261 mg/L compared to 263.5 mg/L for a packer collected sample from 424 to 430 m below ground surface (see Table 1*).

The fine to medium-grained sand (Figure 3* and Figure 4*) and low frequency of fine-grained layers within the planned production horizons (i.e., approximately 200 m to 600 m) are consistent with drillholes in the central resource area and both stratigraphy and general chemistry support the continuity of the lithium brine resource throughout the southern portion of the field.

As has been observed in the other greater than 600 m deep drillholes completed to-date, the lithium brine continues to a depth of more than 600 m. Lithium concentrations deeper than 400 m averaged more than 250 mg/L, far exceeding the design basis for the DFS (205 mg/L).

The modelled lithium concentration in the Project Ore Reserve8 at K25 was 268 mg/L (200 m to 600 m) within the production horizon. The weighted average of the laboratory results through the same interval (215 m to 622 m) is 271.7 mg/L. This indicates that the modelled values are representative, if not slightly conservative, relative to the measured data in the field at this location. The results of the comparison further build confidence in the lithium resource model used as the basis for lithium distributions within the hydrogeological model and Ore Reserve modelling.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/UOL27931



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising state-of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina among three other projects covering 220,000 ha.

This ion exchange extraction technology delivers a solution for two rising demands - high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.



Source:
Lake Resources NL

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Blockmate Investor Briefing Replay

Blockmate Investor Briefing Replay

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (" Blockmate " or the " Company ") has published a recording of the investor briefing held on 5 February 2024 on its website.

The briefing included presentations from CEO Justin Rosenberg and Chairman Domenic Carosa, outlining plans for Hivello after it successfully closed a USD $2.5 million fundraising round.

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RecycLiCo Battery Materials Announces Zarko Meseldzija resigns from the Board of Directors

RecycLiCo Battery Materials Announces Zarko Meseldzija resigns from the Board of Directors

RecycLiCo Battery Materials Inc. (" RecycLiCo " or the " Company "), TSX.V: AMY, OTCQB: AMYZF, FSE: ID4, hereby announces that Mr. Zarko Meseldzija has resigned from his position on the Board of Directors as of January 21, 2024. As previously communicated, Mr. Meseldzija will continue his association with the Company until March 1, ensuring a smooth transition.

About RecycLiCo

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Blockmate Ventures Investor Briefing

Blockmate Ventures Investor Briefing

Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (" Blockmate " or the " Company ") announces that it will be hosting an online briefing to provide investors with a progress update on Blockmate investee Hivello that raised USD$2.5m as announced yesterday.

The funding was secured as a Simple Agreement for Future Equity (SAFE) instrument fundraising round. Once converted, the post-money implied valuation of Blockmate's 67% stake is USD $6.7 million (CAD $8.9 million) or 8.1 cents per Blockmate share 1 .

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