FPX Nickel Subsidiary CO2 Lock Corp. Secures $1.1 Million for Carbon Capture & Storage in BC – Technical Update Now Available!

FPX Nickel Subsidiary CO2 Lock Corp. Closes $1.1 Million Financing And Provides Technical Update on Standalone Carbon Capture and Storage Project In British Columbia It has been reported by FPX Nickel, an advanced-stage exploration company focused on nickel, that its subsidiary, CO2 Lock Corp. has closed a non-brokered private placement for gross proceeds of approximately $1.1 million. The Company issued eleven million common shares at a price of $0.10 per share in connection with the transaction. The proceeds from the placement will be used to fund the development of CO2 Lock’s projects, including its standalone Carbon Capture and Storage (CCS) project in British Columbia. CO2 Lock Corp. is a Vancouver-based carbon capture and storage (CCS) technology company. It holds exclusive rights to an innovative process for capturing carbon dioxide (CO2) from ambient air, using low-energy, water-based technology. The process is combined with a specific type of chemical-fridge system, which prevents the CO2 emissions from entering back to the atmosphere. The CO2 is captured and then securely stored in carbon-rich geological formations. To that effect, the process has been selling within the Northwest US, Alberta, and British Columbia. It has been successfully installed in commercial and residential applications along with landfills, dairy farms, and municipalities. In addition to the placement, CO2 Lock Corp. has revealed a technical progress update on its standalone Carbon Capture and Storage (CCS) Project in British Columbia. The announcement revealed that the project has completed hydrogeological studies, which aim at determining the best geological formations for carbon capture and storage. A geological formation in British Columbia has been identified to store millions of tonnes of CO2 and is subject to hydrodynamic investigations, hydrogeological characterization, and then finalized permitting and development. The project in British Columbia is expected to be the first commercial-scale CCS project with a pilot-scale CCS initiative scheduled to start in the winter of 2022. Development of the full-scale plant is expected to begin in late 2022. CO2 Lock Corp.’s CEO, David Fry stated that the placement will enable the company to focus its energy on advancing the development of its standalone CCS Project. He further stated that the company will be striving to demonstrate the commercial viability of his technology, which will lead to the development of further clean technology projects that will alleviate excess carbon from the atmosphere. FPX Nickel CEO Mark Collins expressed his delight Canada’s first fully integrated CCS plant is actively making progress towards construction. He further stated that this is just the beginning for the project and anticipates further progress in the days to come. Overall, the technology developed by CO2 Lock Corp. is proving to be a promising solution for reducing carbon emissions and combating climate change. FPX Nickel Subsidiary CO2 Lock Corp. Closes $1.1 Million Financing And Provides Technical Update on Standalone Carbon Capture and Storage Project In British Columbia It has been reported by FPX Nickel, an advanced-stage exploration company focused on nickel, that its subsidiary, CO2 Lock Corp. has closed a non-brokered private placement for gross proceeds of approximately $1.1 million. The Company issued eleven million common shares at a price of $0.10 per share in connection with the transaction. The proceeds from the placement will be used to fund the development of CO2 Lock’s projects, including its standalone Carbon Capture and Storage (CCS) project in British Columbia. CO2 Lock Corp. is a Vancouver-based carbon capture and storage (CCS) technology company. It holds exclusive rights to an innovative process for capturing carbon dioxide (CO2) from ambient air, using low-energy, water-based technology. The process is combined with a specific type of chemical-fridge system, which prevents the CO2 emissions from entering back to the atmosphere. The CO2 is captured and then securely stored in carbon-rich geological formations. To that effect, the process has been selling within the Northwest US, Alberta, and British Columbia. It has been successfully installed in commercial and residential applications along with landfills, dairy farms, and municipalities. In addition to the placement, CO2 Lock Corp. has revealed a technical progress update on its standalone Carbon Capture and Storage (CCS) Project in British Columbia. The announcement revealed that the project has completed hydrogeological studies, which aim at determining the best geological formations for carbon capture and storage. A geological formation in British Columbia has been identified to store millions of tonnes of CO2 and is subject to hydrodynamic investigations, hydrogeological characterization, and then finalized permitting and development. The project in British Columbia is expected to be the first commercial-scale CCS project with a pilot-scale CCS initiative scheduled to start in the winter of 2022. Development of the full-scale plant is expected to begin in late 2022. CO2 Lock Corp.’s CEO, David Fry stated that the placement will enable the company to focus its energy on advancing the development of its standalone CCS Project. He further stated that the company will be striving to demonstrate the commercial viability of his technology, which will lead to the development of further clean technology projects that will alleviate excess carbon from the atmosphere. FPX Nickel CEO Mark Collins expressed his delight Canada’s first fully integrated CCS plant is actively making progress towards construction. He further stated that this is just the beginning for the project and anticipates further progress in the days to come. Overall, the technology developed by CO2 Lock Corp. is proving to be a promising solution for reducing carbon emissions and combating climate change.