Proton Green LLC, a strategic investment of VVC Exploration
Corporation, dba VVC Resources, ("VVC" or the "Company"),
(TSX-V:VVC and OTCQB:VVCVF) recently announced its first helium
sales. The helium was produced at PG’s Phase I Helium Extraction
Plant located at St. Johns Field in Arizona. Proton Green is a
wholly owned subsidiary of Cyber App Solution Corp. (OTC: CYRB).
VVC owns approximately 11.9% of Cyber App Solution Corp.
The Phase I Helium Extraction Plant, situated on
the expansive 170,500-acre St. Johns Field asset in Apache County,
Arizona, initiated production operations in July 2023. This region
is renowned for hosting one of the largest helium and carbon
dioxide reservoirs in North America, boasting an estimated 33
billion cubic feet of helium and a staggering 517 million tons of
CO2 in accessible reservoirs (see PG Corporate Profile on their
website). Those estimates were extracted from an Evaluation
Report prepared by William M. Cobb & Associates, Inc., revised
May 6, 2022.
"We are exceptionally proud of our team's hard
work to reach Phase I production capacity over the last several
weeks, as standard ramp and risk management procedures were
executed," said Steve Looper, Chief Executive Officer of Proton
Green. "Shortly after beginning helium production, we executed our
first sale to one of our fixed-price offtake customers, marking the
first commercialization milestone for Proton Green. As we scale
production several-fold in the coming quarters, we have a clear
line of sight to becoming among the largest Helium producers in
North America.
We are now analyzing our production from Phase I
to help optimize the completion of our Phase II infrastructure, for
which we expect to begin construction in the coming months. We look
forward to continued operational execution in the months ahead as
we strive to deliver sustainable, long-term value to our
shareholders," concluded Looper.
Jim Culver, CEO of VVC, expressed his excitement
about this pivotal moment in Proton Green's journey. "Proton
Green's achievement is a testament to the vision and dedication of
their team, and it aligns perfectly with VVC's investment
philosophy. This milestone reinforces Proton Green's future
potential and their ability to deliver value to their shareholders,
including VVC."
Read the full release from Proton Green
here.
About VVC Resources VVC engages
in the exploration, development, and management of natural
resources - specializing in scarce and increasingly valuable
materials needed to meet the growing, high-tech demands of
industries such as manufacturing, technology, medicine, space
travel, and the expanding green economy. Our portfolio includes a
diverse set of multi-asset, high-growth projects, comprising:
Helium & industrial gas production in western U.S.; Copper
& associated metals operations in northern Mexico; and
Strategic investments in carbon sequestration and other green
energy technologies. VVC is a Canada-based, publicly-traded company
on the TSXV (TSX-V:VVC) and on the OTC Market (OTCQB:VVCVF). To
learn more, visit our website at: www.vvcresources.com.
About Proton Green, LLCProton
Green LLC (OTC: CYRB) is a leading operator of one of the largest
Helium and beverage grade CO2 hubs in North America. The Company
maintains exclusive production rights to St. Johns Field, a 170,500
acre property in Arizona with a 33 billion cubic feet helium
reservoir, 517 million ton CO2 reservoir and a basin with the
potential to store 1 billion metric tons of CO2. The Company is
currently one of the leading producers of Helium in North America –
a high-demand gas in both consumer and critical technology
applications – leveraging strategic offtake partners with
fixed-price agreements to drive a predictable revenue stream.
Notably, both Helium and CO2 produced at St. John’s Field contain
no hydrocarbon component. To learn more, please visit our website
at https://www.protongreen.com/.
On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact:
Patrick Fernet - (514) 631-2727
E-mail: pfernet@vvcexploration.com
or
Mike Culver - (202) 531-6559
E-mail: mike@1row.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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following: our limited operating history; our dependence on third
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