Total
0
Shares
Balkan Mining and Minerals (ASX:BMM) - Managing Director, Ross Cotton
Managing Director, Ross Cotton
Source: Balkan Mining and Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Balkan Mining and Minerals (BMM) teams up with Puro.earth to sign a marketplace platform agreement
  • The agreement covers the identification of carbon dioxide removal certificates for BMM’s projects in Serbia
  • The deal help BMM transition to a carbon negative lithium and borate explorer and developer
  • On the market this morning, BMM is up 8.22 per cent and is trading at 79 cents

Balkan Mining and Minerals (BMM) has teamed up with Puro.earth to sign a marketplace platform agreement.

The agreement covers the identification of carbon dioxide removal certificates for BMM’s projects in Serbia.

Puro.earth is the world’s first business-to=business marketplace, standard and registry focussed solely on carbon removal.

The business identifies processes that remove carbon dioxide from the atmosphere, co-creates carbon removal methodologies verifies operations.

BMM said the deal will form the basis for it to become a carbon negative lithium and borate explorer and developer.

The company will calculate the emissions caused by the mining and processing activities to quantify the need for emission neutralisation using carbon accounting best practises.

Managing Director Ross Cotton is pleased with the announcement.

“ESG and sustainability are at the core of the work that we are undertaking in Serbia. Our work programs are all planned to take into consideration environmental, safety and community requirements,” Mr Cotton said.

“The agreement is a giant leap and takes our sustainability goals forward by positioning BMM to becoming the world’s first Carbon Negative explorer, developer, and potential producer of lithiumborate products.”

On the market this morning, BMM was up 8.22 per cent and is trading at 79 cents at 11:41 am AEST.

BMM by the numbers
More From The Market Herald

" Musgrave Minerals (ASX:MGV) finds ‘bonanza’ gold at Big Sky

Musgrave Minerals (MGV) has received more results from drilling at the Big Sky prospect, which is part of its Cue gold project in
Suvo Strategic Minerals (ASX:SUV) - Executive Director, Aaron Banks (left) and Executive Chairman, Robert Martin (right)

" Suvo Strategic Minerals (ASX:SUV) begins drilling at Nova

Suvo Strategic Minerals (SUV) has begun the second phase of drilling at its Nova silica sands project in Western Australia.

" Torian Resources (ASX:TNR) extends Tyrannus gold footprint

Torian Resources (TNR) has extended gold mineralisation at the Tyrannus prospect within the Mt Stirling gold project near Lenora in Western Australia.
Tempus Resources (ASX:TMR) - Non Executive Chairman, Alexander Molyneux

" Tempus Resources (ASX:TMR) hits 33.7g/t gold at Blue Vein

Tempus Resources (TMR) has intersected up to 33.7 grams of gold per tonne (g/t) from the newly discovered Blue Vein.