Chartmaster
4 weeks ago
Here it is: CarbonMeta Technologies and North Bay Resources Create Joint Venture Subsidiary To Produce Carbon-Negative EarthCrete(R) Using OlivinePress Release | 04/25/2023
WOODINVILLE, WA and SKIPPACK, PA / ACCESSWIRE / April 25, 2023 / CarbonMeta Technologies Inc. (OTC PINK:COWI) and North Bay Resources, Inc. (OTC PINK:NBRI) today announced they have signed a Binding Memorandum of Understanding ("MoU") to create a joint venture subsidiary called CarbonMeta Green Resources Canada, which will focus on producing carbon-negative cementless concrete using olivine.
CarbonMeta Green Resources Canada will be a Limited Liability Company based in British Columbia, Canada, jointly owned and managed by CarbonMeta Technologies and North Bay Resources, with initial equity ownership of 51% and 49%, respectively. The subsidiary corporation will be a research and development center for the production of carbon-negative cementless concrete using olivine, and will operate a production facility for the production of carbon-negative cementless EarthCrete® that can be distributed in North America.
North Bay Resources' Tulameen Platinum Project comprises an estimated 135 million tonnes of olivine on 860 hectares (2,213 acres) that is located along the Tulameen River in the Cascade Mountains of southwestern British Columbia, approximately 28 kilometers west of the town of Princeton BC and approximately 150 kilometers northeast of Vancouver. Canada.
For its part, North Bay Resources has agreed to contribute:
Availability of over 100 million tons of olivine, a magnesium iron silicate that is also known as peridot and chrysolite, though its Tulameen Platinum Project.
Expertise in acquiring high-quality mining properties throughout British Columbia, Canada.
Expertise in scaling up mining operations to affordably extract and deliver olivine in Canada and the United States.
Building strong, enduring relationships with the local and provincial government agencies in British Columbia, Canada.
We are pleased to collaborate with CarbonMeta on this important project," said Perry Leopold, CEO of North Bay Resources, Inc. "By combining our expertise and resources, we can create a sustainable and profitable business that will benefit both companies and the environment."
For its part, CarbonMeta has agreed to contribute the following:
Funding and corporate governance expertise to incorporate CarbonMeta Green Resources Canada in British Columbia, Canada.
Research and Development expertise to obtain, develop and commercialize technologies for the production of carbon-negative cementless concrete using olivine.
Research and Development expertise to obtain, develop and commercialize carbon dioxide (CO2) capture technologies that can be used for the production of carbon-negative cementless concrete using olivine
Business development expertise to market and sell carbon-negative cementless concrete products.
Patents and trade secrets related to, but not limited to, all of the aforementioned technologies (e.g. CO2 adsorption, cement-less concrete)
"We are excited to partner with North Bay Resources on this innovative venture whose focus will be on creating carbon-negative cementless concrete using olivine," said Lloyd Spencer, CEO of CarbonMeta Technologies, Inc. " This new subsidiary represents a significant step forward in our efforts to reduce carbon emissions and make a positive impact on the environment."
The MOU includes an agreed-upon transfer price from North Bay Resources to CarbonMeta Green Resources Canada for purchasing olivine, which will be updated quarterly. CarbonMeta Green Resources Canada will also develop and establish supply chain relationships with potential North American distributors of carbon-negative cementless concrete, including CarbonMeta Green Building Materials, Inc. in the United States. Additionally, the subsidiary will establish technology licensing relationships, industry partnerships, and marketing sponsorships related to the production of carbon-negative cementless EarthCrete® using olivine.
It has been estimated that the EarthCrete® - Olivine production process may be able to absorb up to 13% CO2 by weight. Therefore, the companies plan to pursue additional revenue streams by applying for carbon removal credit programs that are available in the United States and Canada.
As well, North Bay Resources intends to pursue extraction of magnesium and platinum-group metals from mining operations, and may further partner with CarbonMeta to develop a new microwave-assisted technology for the cost-efficient extraction of magnesium and platinum-group metals.
The parties have agreed to work towards signing a definitive agreement and establishing the joint venture subsidiary within the next 30 days.
About CarbonMeta Technologies Inc.
CarbonMeta Technologies (OTC PINK:COWI) is an environmental research and development company that is commercializing technologies for processing organic wastes into hydrogen and high-value carbon products economically and sustainably. The company is based in Woodinville, Washington, and has several subsidiaries, each with its own focus on high-value solutions for environmental sustainability. For more information about CarbonMeta Technologies and its subsidiaries, please visit www.CarbonMetaTech.com.
About North Bay Resources Inc.
North Bay Resources Inc. (OTC: NBRI) is a junior mining company with current operations in British Columbia, Canada. The Company holds 100% ownership of several significant mining properties, including the advanced-stage Murex Copper project on Vancouver Island, and the Tulameen Platinum Project near Princeton, BC.
For more information, please visit http://www.northbayresources.com/
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although CarbonMeta Technologies, Inc. and North Bay Resources Inc. believe that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by CarbonMeta Technologies, Inc. and North Bay Resources Inc. or any other person that the objective and plans will be achieved.
CONTACT INFORMATION:
Mark Duiker
CarbonMeta Technologies Investor Relations
(844) 698-3777, option 3
Investor@CarbonMetaTech.com
Perry Leopold, CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
SOURCE: CarbonMeta Technologies, Inc.
View source version on accesswire.com:
https://www.accesswire.com/750976/CarbonMeta-Technologies-and-North-Bay-Resources-Create-Joint-Venture-Subsidiary-To-Produce-Carbon-Negative-EarthCreteRUsing-Olivine
https://www.otcmarkets.com/stock/COWI/news/CarbonMeta-Technologies-and-North-Bay-Resources-Create-Joint-Venture-Subsidiary-To-Produce-Carbon-Negative-EarthCreteRUs?id=397817
Chartmaster
4 weeks ago
CarbonMeta Technologies Files Provisional Patent for Tracking Captured CO2 in Concrete Using Blockchain Technology
Woodinville, WA, USA, May 28, 2024 (GLOBE NEWSWIRE) -- CarbonMeta Technologies Inc. (OTC PINK:COWI, โCarbonMetaโ), a pioneering green technology company, today announced the filing of a groundbreaking provisional patent application with the United States Patent and Trademark Office (USPTO) for an innovative and verifiable process that transparently documents and tracks sequestered carbon dioxide (CO2) in concrete as carbon credits on a blockchain.
CarbonMeta's patent application outlines an innovative system that combines state-of-the-art carbon sequestration techniques with advanced blockchain technology. This groundbreaking approach aims to revolutionize the construction industry's efforts to reduce its carbon footprint. The process and software technology will help CarbonMeta and its customers accurately document and track the CO2 permanently captured in their cement-less concrete products. The captured CO2 will be represented as carbon credits and will be securely stored as elements on a blockchain, thereby ensuring transparency and immutability of the data.
"This provisional patent represents a pivotal step in our mission to create and deploy transformative solutions for a greener tomorrow," said Lloyd Spencer, President and CEO of CarbonMeta Technologies. "Our pioneering approach tackles the pressing issue of reducing greenhouse gas emissions head-on and offers investors an opportunity to make a significant impact in the fight against climate change."
CarbonMetaโs patent application was authored by Mohamed Khalil, Martyn Newby and Lloyd Spencer; and was filed with the USPTO on May 23, 2024, with patent development and legal counsel services from PatentManiac.
About CarbonMeta Technologies Inc.
CarbonMeta Technologies (OTC PINK: COWI) is an innovative green technology company focused on researching and developing innovative solutions for processing of industrial and organic waste materials and reducing greenhouse gas emissions. CarbonMeta Technologiesโ subsidiary company in Saudi Arabia has developed a proprietary concrete that is carbon-negative and captures up to 10% CO2 by weight during production. CarbonMeta Technologies is committed to environmental sustainability and is actively exploring opportunities in the transformation of industrial waste materials into value added products.
For more information about CarbonMeta Technologies, please visit www.CarbonMetaTech.com.
About PatentManiac
PatentManiac offers comprehensive, cost-effective, and efficient patent services to a diverse clientele, including attorneys, law and IP firms, corporations, legal departments, patent brokerage firms, in-house counsels, and individual inventors worldwide. With a strong focus on providing critical support throughout the entire IP lifecycle, from generation and protection to commercialization, PatentManiac combines strategic insight, deep industry expertise, and cutting-edge technology to deliver tailored solutions that cater to each client's specific requirements.
For more information, please visit https://www.patentmaniac.com/.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACT INFORMATION
Mark Duiker
CarbonMeta Technologies Investor Relations
(425) 620-2366
Investor@CarbonMetaTech.com
Attachments
Cement-less Concrete Furniture
Cement-less Concrete Planter
https://www.globenewswire.com/newsroom/ti?nf=OTE0Mzg5NiM2Mjg5NjA0IzUwMDExNjk2Ng==
https://ml.globenewswire.com/media/MTI4MjQxOWMtNThjZC00N2QwLWEwMWUtMjYwYzVjZDM5ZmY0LTUwMDExNjk2Ng==/tiny/CarbonMeta-Technologies-Inc-.png
Cement-less Concrete Furniture
CarbonMeta Technologies, Inc.
Cement-less Concrete Planter
CarbonMeta Technologies, Inc.
Source: CarbonMeta Technologies, Inc.
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/COWI/news/story?e&id=2873122
1manband
2 months ago
Yeah, not unusual on a Friday afternoon.
I suggest you learn how stock trading works.
Market Makers typically leave their bids and offers displayed overnight on a weekday. However, on a Friday, Market Makers typically withdraw their quotes and start over on Monday. Market Makers also like to leave the office early on Fridays, so most of the quotes disappear before the last record of the afternoon. Which means all the active traders are gone, gone GONE early on Friday, leaving only those MM's quotes that are far, far FAR away from the market to display in the final post-close quote grab by the quotation services, which is what you are seeing.
It is meaningless, and has absolutely no bearing on the actual market or what will happen on Monday when the active MM's return to the office and resubmit their actual quotes.
If people are going to trade OTC stocks they should at least learn the basics of how the market works.