NEWS
FORAN MINING ANNOUNCES WORLD-FIRST CARBON NEUTRAL COPPER PROJECT
TSXV-listed Foran Mining Corp has partnered with two sustainability-focused companies in a bid to turn the McIlvenna Bay deposit in Canada into the world’s first carbon neutral copper project. The company’s partnerships with carbon measurement firm Carbonzero and sustainability advisor Synergy Enterprises will help record its emissions while purchasing verified offsets for the carbon emitted from all exploration activities over the past 10 years at the Saskatchewan deposit. Foran said the move is part of its ‘blueprint for responsible mining that causes the least possible harm from day one through the innovative use of technology, renewable energy and fleets of electric vehicles’. The offsets to be purchased by Foran will help fund projects including a wind power facility in Guatemala and a forest protection initiative in Mongolia. “We are exploring all kinds of exciting initiatives in line with our audacious mission; this is just the first. McIlvenna Bay will host a centralised mill to support our other worldclass deposits and we intend to be around for a long time to come,” said Foran’s executive chair Dan Myerson. “Copper and zinc are essential products that are needed for building a sustainable future such as solar and wind technologies and EVs. It is imperative we find a way of producing them in a responsible way.” 6
