DOE Announces $30 Million to Advance Carbon Dioxide Capture and Conversion Technologies
March 1, 2024

FEBRUARY 29, 2024

WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $30 million in additional funding to support two carbon management priorities—the conversion of carbon dioxide (CO₂) into environmentally responsible and economically valuable products and the development of lower-cost, highly efficient technologies to capture CO₂ from industrial sources and power plants for permanent storage or conversion. Advancing the development of these technologies will help establish the foundation for a successful carbon capture, storage, and conversion industry in the United States and will help meet the Biden-Harris Administration’s ambitious climate goals of achieving a carbon neutral power sector by 2035 and net-zero greenhouse gas emissions by 2050.


“The development of innovative technologies that capture carbon dioxide and recycle the emissions into value-added products is part of a broad portfolio of solutions needed to help the nation move toward a clean energy and industrial economy,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “Today’s funding will help reduce costs, increase the reliability, and enhance the sustainability of these transformational technologies.”


Projects selected under this funding opportunity announcement (FOA) will focus on two areas:


1) Technologies that utilize CO₂ from sources such as industrial and power generation facilities, as well as from legacy carbon dioxide emissions captured directly from the atmosphere, to produce value-added products while simultaneously reducing CO₂ emissions. Three specific areas of carbon conversion technology that may be funded include: 

  • Non-photosynthetic biological conversion of CO₂ — Research may include, but is not limited to, microbe selection, fermentation, reactor design, electrolyzer integration and gas recycling. Supported research and development will identify an end-use for the CO₂ that would otherwise be emitted into the atmosphere. 
  • Conversion of CO₂ to plastics — Research may use any conversion pathway, and should identify the plastic produced, the intended end-use, and the proposed conversion process.
  • Conversion of CO₂ to solid carbon products — Research may use any pathway that converts CO₂ to solid carbon products and should identify the solid-carbon product produced, the intended end-use application, and the proposed conversion process. 

2) Lower-cost, highly efficient technologies for carbon capture from industrial facilities and power plants for secure geologic carbon storage or conversion into long-lasting products such as synthetic aggregates, building materials, and concrete.


Projects selected under this FOA will also advance the development of technologies that enable scale-up testing and demonstrations of carbon capture systems and assure their responsible deployment.

In addition to advancing these technologies, applicants to this FOA must address the societal considerations and impacts of their proposed projects, emphasizing diversity, equity, inclusion, and accessibility throughout the research and development process. Applications must explain how projects are expected to deliver equitable access to, and distribution of, benefits produced from successful technology innovations; incorporate diversity, equity, inclusion, and accessibility; and understand the future workforce implications of the innovation. Projects selected under this opportunity will be required to develop and implement strategies to advance these priorities, and report on such activities and outcomes.


Read more details about this FOA here. All questions must be submitted through FedConnect; register here for an account. The application deadline is April 29, 2024.


FECM minimizes environmental and climate impacts of fossil fuels and industrial processes while working to achieve net-zero emissions across the U.S. economy. Priority areas of technology work include carbon capture, carbon conversion, carbon dioxide removal, carbon dioxide transport and storage, hydrogen production with carbon management, methane emissions reduction, and critical minerals production. To learn more, visit the FECM website, sign up for FECM news announcements, and visit the National Energy Technology Laboratory website.

VVC Grants Options

April 20, 2026
TORONTO, April 20, 2026 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Option Grant The Directors granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 14,750,000 common shares, representing 2.58% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring April 20, 2036. Twenty five percent (25%) of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 32.2% were to Directors, 37.3% to Officers, 18.6% to Employees and 11.9% to Consultants of the Company.  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.; Gold & 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). To learn more, visit our website at: www.vvcresources.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.

VVC – Strategic Exit of Gloria Copper Project in Mexico

November 18, 2025
TORONTO, Nov. 18, 2025 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) announces that, after a project review, it has strategically restructured its mining projects in Mexico. This project review encompassed multiple considerations, including ongoing maintenance costs, permitting authorizations, political climate, safety, upside potential and financeability of each project and probability of achieving the projects potential. After this review, the Company has decided to: Exit the Gloria Copper Project located near Samalayuca, State of Chihuahua, Mexico. This long-standing project of the Company is expensive to maintain and is in an area that has become more politically volatile with uncertain safety. The geological potential of the project is not in question, but the ability to achieve that potential is unclear. Focus all mining exploration activity on the Cumeral Gold Project. Cumeral is the Company’s highly prospective gold project in north central Sonora Mexico. This project, while not as advanced as the Gloria Copper Project, has a huge upside potential. It is in an area where there is strong local support for the project and a higher likelihood of permitting and implementation success. The Cumeral Gold Project is a 1,665-hectare property in northern Sonora near Imuris which exhibits quartz-vein–hosted gold in a detachment-fault/orogenic setting with a documented NNW–SSE mineralized trend of ~4 km. Historical work reported that ~36% of 407 grab/chip samples assayed 0.1–10 g/t Au; soil surveys outlined additional anomalies (47 samples >0.020 ppm Au); and air-track drilling intersected broad, near-surface intervals of 0.21–0.44 g/t Au over 6–26 m in key target areas. The Company will continue activities on the Cumeral Gold Project. Rationale and Next Steps The Company’s decision reflects consideration of cost discipline, safety and risk management. The exit from the Gloria Copper Project will reduce future cash outlays for care, maintenance, and permitting at amid uncertainty over permit viability and broader political conditions in Chihuahua State. Capital and management resources will be reallocated to the Cumeral Gold Project exploration, and to development of the Company’s helium/natural gas project in the Central Kansas Uplift (CKU) Project where existing infrastructure and near-term activities offer a clearer path to execution. « There are opportunity costs in every project, » said Jim Culver, CEO. « Exiting the Gloria Copper Project will allow the Company to concentrate resources on projects with an obvious direct and timely route to advancing development while maintaining discipline on risk and spending. » 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.; Gold & 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). To learn more, visit our website at: www.vvcresources.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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