- 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.