MONTRÉAL, Sept. 12, 2024 /CNW/ -- Deep Sky, the Montreal-based carbon removal project developer, has secured investment from two of Canada's preeminent financial institutions. National Bank of Canada and BMO have collectively invested $2.5M CAD, demonstrating their support of Deep Sky's development of carbon removal infrastructure.
The fresh capital will be used for project exploration and future commercial site planning in Québec, including ongoing research on in situ mineralization in Thetford Mines and geological surveys for sedimentary storage in Bécancour, Québec. The province of Québec remains ideally positioned for carbon removal infrastructure projects, benefiting from affordable renewable electricity, experienced mining workforce and favorable geological conditions.
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