American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

pH7 Receives BC Government Funding for Critical Metals Extraction Technology

by admin March 29, 2024
March 29, 2024
pH7 Receives BC Government Funding for Critical Metals Extraction Technology

pH7 Technologies has secured C$850,000 to further develop its sustainable critical metals extraction technology.

The cash infusion will come from BC’s Innovative Clean Energy (ICE) Fund, which was established in 2007 to bolster the province’s clean energy sector while supporting government energy and environmental objectives.

The funding announcement was made by Josie Osborne, the province’s minister of energy, mines and low-carbon innovation, during a recent tour of pH7’s new commercial plant in Burnaby, BC.

“BC is home to a growing clean-energy sector, accounting for 20 percent of Canada’s world-leading clean-tech firms that are having positive impacts globally,” she said. “With near net-zero environmental impact in the extraction of critical metals and minerals, pH7 is demonstrating the kind of innovative thinking that can transform mining around the world.”

The investment will allow pH7 to continue working to commercialize its critical metals extraction process.

The company’s closed-loop solution is designed to extract and refine essential metals necessary for renewable energy production, offering a promising avenue for the mining sector to adopt more sustainable practices.

As noted on pH7’s website, the company’s SolvoMetallurgy methodology utilizes non-aqueous solutions as solvents for selectively extracting metals from ores, concentrates and waste materials.

Optimizing these solutions will play a crucial role in determining environmental impact and extraction rates.

Complementing traditional hydrometallurgical and pyrometallurgical approaches, pH7’s technology could reduce the environmental impact of the metal extraction process to near zero. The company also said it is geared at cost-effectively enabling efficient extraction of metals from low-grade resources or difficult substrates.

“We at pH7 are seeing a real opportunity to advance in the path to net-zero and are honoured to be receiving the support of the Province’s ICE Fund as we explore continued growth and commercialization of our technology,” said Mohammad Doostmohammadi, founder and CEO of pH7.

Using the funds from ICE, pH7 is set to launch a pilot project aimed at processing 5,000 kilograms of raw materials daily, yielding approximately 2,500 kilograms of extracted platinum-group metals annually.

According to the company, its unique approach will substantially reduce greenhouse gas emissions, electricity consumption and water usage compared to traditional mining or recycling methods.

“The clean, green future we envision requires more critical metals than we have access to currently. Through innovation and collaboration, we look forward to bringing our cleantech solution to help scale the extraction of metals and make existing processes much more sustainable and cost-effective,” said Doostmohammadi.

BC’s critical minerals strategy

While the funding for pH7 will come from BC’s ICE program, the company’s ambitions also align with the first phase of the province’s recently released Critical Minerals Strategy. Different from the national Critical Minerals Strategy, the BC initiative aims to bolster the province’s critical minerals presence and project pipeline.

In a January report, the Mining Association of BC (MABC) emphasizes the importance of investing in critical minerals in the province, noting that 14 proposed critical minerals projects and two extension projects are estimated to have a long-term economic value of C$800 billion. They would support supply and also provide economic benefits.

“This is a generational opportunity which must be seized and could position BC as a leading global supplier of responsibly produced critical minerals,” said Michael Goehring, president and CEO of MABC.

“We want to move forward with the Governments of Canada and British Columbia, First Nations, local governments, and labour, to unlock critical mineral developments for the benefit of all British Columbians.”

BC is home to 16 of the 31 metals Canada has deemed critical, and remains the nation’s leading copper jurisdiction.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Ramp Metals Provides Exploration Update and Announces Drilling Campaign
next post
Galan Secures Agreement with Glencore for Offtake & Financing Prepayment Facility for the Hombre Muerto West (HMW) Lithium Project

Related Posts

3 reasons S&P 500 index ETFs like SPY,...

November 26, 2024

FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo,...

June 6, 2025

Top reasons why Alibaba stock price is about...

March 31, 2025

SCHD and VYM ETFs forecast for November 2024

November 1, 2024

Lancaster Resources

April 11, 2024

Hims & Hers stock price nears crucial level:...

May 14, 2025

Mernova Q3 Revenue Update

July 24, 2024

Copper Prices Break US$10,000 as Supply Concerns Mount

May 11, 2024

DAX, FTSE MIB, AEX, IBEX 35, SMI indices...

April 7, 2025

4 reasons why Ethereum price has crashed 42%...

September 13, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,209)
    • Investing (2,537)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved