VVC Strategic Investment - Proton Green - Selected for U.S. Department of Energy Grant to Develop Southwest Regional Direct Air Capture Hub

VVC Strategic Investment - Proton Green - Selected for U.S. Department of Energy Grant to Develop Southwest Regional Direct Air Capture Hub

Proton Green LLC, a strategic investment of VVC Exploration Corporation, dba VVC Resources, ("VVC" or the "Company"), (TSX-V:VVC and OTCQB:VVCVF) was chosen by the U.S. Department of Energy to lead the development of the Southwest Regional Direct Air Capture (DAC) Hub . This initiative, backed by an esteemed consortium of industry leaders, universities, and organizations, has secured a substantial $11.6 million grant that underscores the promise of a cleaner, more sustainable future. Proton Green is a wholly owned subsidiary of Cyber App Solution Corp. (OTC: CYRB). VVC owns approximately 11.9% of Cyber App Solution Corp.

The Southwest Regional DAC Hub project is an integral part of the U.S. Department of Energy's groundbreaking Regional DAC Hubs program, aimed at expediting the establishment of a wide-reaching network of large-scale DAC carbon dioxide (CO 2 ) removal sites across the nation. This initiative aligns with VVC's commitment to invest in projects fostering innovation and sustainable solutions within the energy sector.

Proton Green, a leading operator in the helium and beverage-grade CO 2 market, will play an important role in facilitating the creation of a Storage Field Development Plan in conjunction with its consortium partners. This comprehensive plan will encompass diverse planning aspects including engineering, infrastructure layout, operational intricacies, and transportation logistics. The overarching goal is to pave the way for a multi-location DAC Hub capable of capturing over 1.0 million metric tons of CO 2 annually from the atmosphere. This captured CO 2 will be securely sequestered within Proton Green's St. Johns Field basin and two additional locations, reflecting Proton Green's commitment to addressing carbon emissions on a significant scale.

"The Southwest Regional Direct Air Capture Hub is a pioneering endeavor that aligns perfectly with VVC's commitment to advancing sustainable technologies," said Terry Martell, Chairman of VVC Resources. "In addition to the environmental benefits, the grant allows Proton Green to take a big step in developing its carbon capture business."

The DAC Hub will complement Proton Green's strategic vision for CO 2 sequestration at its St. Johns Dome asset, which is anticipated to serve as one of the multi-site locations within the Southwest Hub. Furthermore, the Hub's development holds the promise of fostering a renewable energy surge in a region marked by aging coal plants scheduled for retirement and expansive land with existing transmission capacity. This transition presents a unique opportunity to support local communities, generate tax revenue, and pave the way for sustainable industrial growth.

About VVC Resources

VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC) and on the OTC Market (OTCQB:VVCVF). To learn more, visit our website at: www.vvcresources.com .

About Proton Green, LLC

Proton Green LLC (OTC: CYRB) is a leading operator of one of the largest Helium and beverage grade CO 2 hubs in North America. The Company maintains exclusive production rights to St. Johns Field, a 170,500 acre property in Arizona with a 33 billion cubic feet helium reservoir, 517 billion ton CO2 reservoir and a basin with the potential to store 1 billion metric tons of CO 2 . The Company is currently one of the leading producers of Helium in North America – a high-demand gas in both consumer and critical technology applications – leveraging strategic offtake partners with fixed-price agreements to drive a predictable revenue stream. Notably, both Helium and CO 2 produced at St. John's Field contain no hydrocarbon component. To learn more, please visit our website at https://www.protongreen.com/ .

On behalf of the Board of Directors

Michel J. Lafrance, Secretary-Treasurer

For further information, please contact:
Patrick Fernet - 514-631-2727 or Trevor Burbank - 214-641-1041
E-mail: pfernet@vvcexploration.com E-mail: trevor@vvcexpl.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequ acy or accuracy of this release.

2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 Tel: 416-619-5304

FORWARD-LOOKING STATEMENTS:

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", "strategy", "success" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others: The overarching goal is to pave the way for a multi-location DAC Hub capable of …; This captured CO 2 will be securely sequestered within …; which is anticipated to serve as one of the multi-site locations …; holds the promise of fostering a renewable energy surge …; presents a unique opportunity to …; etc.

Such forward-looking information or statements are based on several risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the sequestration of CO, the planning and completion of the Hub and associated infrastructure. Actual results could differ materially due to a number of factors, without limitation, operational risks in the completion of the project, delays or changes in plans with respect to the development of the project, dependence on third parties for many aspects of the business; general market and economic conditions; technical factors; risks in legislative changes in the applicable jurisdictions, the ability to attract key personnel. No assurances can be given that the efforts by Proton Green will be successful.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements, except as required by law.

Investors are cautioned that notwithstanding the expectations described herein, there can be no assurance that the plans described herein will be completed as proposed. Trading in the securities of VVC should be considered highly speculative. All forward-looking statements contained in this press release are expressly qualified in their entirety by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.com ).


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(CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA) (CNW Group/Forte Minerals Corp.)

DATE : October 3, 2023

TIME: 12:00 pm EDT

LINK: https://bit.ly/44FOnTd

Available for 1x1 meetings: October 3 , 4, and the morning of the 5.

Key Discussion Points
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  • Collaborative Expertise: The corporate partnership with GlobeTrotters Resources Perú SAC brings together 215 years of combined experience in exploration and mining throughout the Americas.
  • Exploration Strategy: Focused on advancing early-stage prospects and drill-ready targets strategically located in previously explored areas to minimize risk.
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  • Future Outlook - Late 2023 & Early 2024: Overview of upcoming projects, milestones, and strategic initiatives scheduled for the next two quarters to sustain growth and value creation.

Forte Minerals Corp. invites investors to participate in the upcoming live, interactive online event. Mr. Elliott will address questions in real time during the conference. For those unable to attend live, a recorded webcast will also be accessible post-event.

To facilitate a smooth experience and stay updated, we strongly advise online attendees to pre-register and conduct an online system check beforehand. FREE Registration here: Virtual Investor Conferences.

About Forte Minerals Corp.

Forte Minerals Corp., a junior exploration company with blended assets in partnership with GlobeTrotters Resources Perú SAC, has built a robust portfolio of high-quality copper and gold assets in Peru . The Company strategically focuses on advancing early-stage prospects through to drill-ready targets, combined with a historically discovered and drilled porphyry system for developing copper and gold resources. In conjunction with its resource focus, Forte is deeply committed to community engagement, environmental stewardship, and fulfilling its societal responsibilities.

About Virtual Investor Conferences ®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors. Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

On behalf of Forte Minerals CORP.
"/s/" Patrick Elliott
Chief Executive Officer

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

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

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-presents-at-the-metals--mining-virtual-investor-conference-on-october-3-301943820.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2023/02/c0037.html

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