{"id":2555,"date":"2024-03-29T00:06:16","date_gmt":"2024-03-29T00:06:16","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/ph7-receives-bc-government-funding-for-critical-metals-extraction-technology\/"},"modified":"2024-03-29T00:06:16","modified_gmt":"2024-03-29T00:06:16","slug":"ph7-receives-bc-government-funding-for-critical-metals-extraction-technology","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/29\/ph7-receives-bc-government-funding-for-critical-metals-extraction-technology\/","title":{"rendered":"pH7 Receives BC Government Funding for Critical Metals Extraction Technology"},"content":{"rendered":"

pH7 Technologies has secured C$850,000 to further develop its sustainable critical metals extraction technology.<\/strong><\/p>\n

The cash infusion will come from BC\u2019s Innovative Clean Energy (ICE) Fund, which was established in 2007 to bolster the province\u2019s clean energy sector while supporting government energy and environmental objectives.<\/p>\n

The funding announcement was made by Josie Osborne, the province\u2019s minister of energy, mines and low-carbon innovation, during a recent tour of pH7\u2019s new commercial plant in Burnaby, BC.<\/p>\n

\u201cBC is home to a growing clean-energy sector, accounting for 20 percent of Canada\u2019s world-leading clean-tech firms that are having positive impacts globally,\u201d she said. \u201cWith 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.\u201d<\/p>\n

The investment will allow pH7 to continue working to commercialize its critical metals extraction process.<\/p>\n

The company\u2019s 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.<\/p>\n

As noted on pH7\u2019s website, the company\u2019s SolvoMetallurgy methodology utilizes non-aqueous solutions as solvents for selectively extracting metals from ores, concentrates and waste materials.<\/p>\n

Optimizing these solutions will play a crucial role in determining environmental impact and extraction rates.<\/p>\n

Complementing traditional hydrometallurgical and pyrometallurgical approaches, pH7\u2019s 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.<\/p>\n

\u201cWe 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\u2019s ICE Fund as we explore continued growth and commercialization of our technology,\u201d said Mohammad Doostmohammadi, founder and CEO of pH7.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cThe 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,\u201d said Doostmohammadi.<\/p>\n

\n

BC\u2019s critical minerals strategy <\/h3>\n

While the funding for pH7 will come from BC\u2019s ICE program, the company\u2019s ambitions also align with the first phase of the province\u2019s recently released Critical Minerals Strategy. Different from the national Critical Minerals Strategy, the BC initiative aims to bolster the province\u2019s critical minerals presence and project pipeline.<\/p>\n

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. <\/p>\n

\u201cThis is a generational opportunity which must be seized and could position BC as a leading global supplier of responsibly produced critical minerals,\u201d said Michael Goehring, president and CEO of MABC.<\/p>\n

\u201cWe 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.\u201d<\/p>\n

BC is home to 16 of the 31 metals Canada has deemed critical, and remains the nation\u2019s leading copper jurisdiction. <\/p>\n<\/div>\n

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

pH7 Technologies has secured C$850,000 to further develop its sustainable critical metals extraction technology. The cash infusion will come from BC\u2019s Innovative Clean Energy (ICE) Fund, which was established in 2007 to bolster the province\u2019s clean energy sector while supporting government energy and environmental objectives. The funding announcement was made by Josie Osborne, the province\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":2556,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=2555"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/2555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/2556"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=2555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=2555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=2555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}