North Bay Resources Inc (NBRI)

[1manband]

There are no carbon credits. It is complete BS.

The idea that Olivine could be used to capture and contain atmospheric CO2 is only a theory. It has not been proven, much less being used today. And the numbers are almost certainly far inflated of the real science:

The use of olivine in carbon capture has not been well-studied, but it remains an emerging field of research. Scientists are uncertain how practical this approach would be since the quantity of olivine needed to meaningfully sequester the CO2 emissions would be enormous. In one study, it was estimated that it would take 5 gigatonnes of olivine on beaches to offset 30% of the current CO2 emissions for merely one year. In theory, one kilogram of olivine sequesters an equal amount of CO2 but this has not taken into account the energy used to mine and distribute the olivine onto the beaches in the first place. It is possible that the processes needed to grind and transport olivine would emit as much CO2 as it could sequester. Furthermore, Olivine can contain toxic metals such as nickel which could accumulate in the environment or disrupt the local ecosystem by changing the pH of the water."

https://www.geologyforinvestors.com/olivine-environmentally-green-solution-climate-change/

BC is not currently granting carbon credits for Olivine, and the chances of them EVER doing so are very slim. And even if they do so, there are numerous other sources of Olivine in BC which are already developed and would be much, much, MUCH cheaper to mine than what NBRI has.

NBRI's claims are complete BS.