North Bay Resources Inc (NBRI)

[gemstone57]

This is HUGE....Upon approval of the Company’s application for a mineral carbonation protocol at the Tulameen Platinum Project, the Company would then qualify to sell carbon credits directly to the B.C. Ministry of Environment’s Climate Action Secretariat.
The Company notes that as of April 1, 2018, British Columbia's carbon tax rate is $35 per tonne of carbon dioxide equivalent emissions. The tax rate will increase each year by $5 per tonne until it reaches $50 per tonne in 2021. Upon approval of the Company’s application for a mineral carbonation protocol at the Tulameen Platinum Project, the Company would then qualify to sell carbon credits directly to the B.C. Ministry of Environment’s Climate Action Secretariat. It is currently estimated that one tonne of olivine can sequester 0.4 tonnes of CO2, which given a potential deposit size of at least 15 million tonnes, the monetary value of the available carbon credits from the Company’s olivine deposit could generate significant revenue by 2021 from the carbon credits alone. This does not include the commercial grade olivine and PGM by-products that can be mined and sold to industrial buyers. The current plan then is to mine the commercial grade olivine and the PGM by-products for sale to industrial buyers, with the tailings used for CO2 sequestration and monetization by way of carbon offset credits.