DOE Re-Opens Funding Opportunity for Carbon Dioxide Transport Networks to Manage Carbon Emissions
May 13, 2024

Funding from President Biden’s Investing in America Agenda will help connect sources of carbon dioxide to locations for geologic storage or conversion through multiple transport modes

WASHINGTON, D.C.— The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced it will make up to $24 million available to support the transport of carbon dioxide (CO2) to locations for permanent geologic storage or conversion to useful products. The CO2—captured from industrial and power generation facilities, as well as from legacy carbon dioxide emissions captured directly from the atmosphere—may be transported by any mode of transport such as pipelines, rail, trucks, barges, or ships, including any combination of transport modes. Made possible through President Biden’s Investing in America agenda, this effort supports the development of a large-scale carbon storage industry key to achieving the Administration’s ambitious climate goal of a net-zero emissions economy by 2050.


“Ensuring the safe, reliable expansion of our nation’s carbon dioxide transport system obliges us to consider transport solutions that are well-suited to region-specific requirements,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “With the re-opening of this funding opportunity, we are seeking all viable approaches for transporting carbon emissions that will support a growing carbon management industry that is critical to meeting our nation’s climate goals.” 


The United States will likely need to capture and permanently store approximately 400–1,800 million metric tons of CO2 annually by 2050 to meet its net-zero commitments. To accommodate the expected rapid growth of the carbon capture and storage industry, we will need to significantly expand our CO2 transport network over the next decade to connect CO2 sources, such as industrial facilities and power plants, to geologic formations where captured CO2 emissions can be securely and permanently stored deep underground or to locations where it can be used as a feedstock to manufacture fuels, chemicals, building materials, and other products. These projects will reduce carbon emissions while protecting and creating healthier environments for local communities.


Carbon Dioxide Transport, Front-End Engineering and Design Funding Announcement


The third opening of this funding opportunity announcement (FOA) will support front-end engineering and design (FEED) studies for regional CO2 transport networks to safely transport captured CO2 from key sources to centralized locations. Selected projects will focus on carbon transport costs, transport network configurations, and technical and commercial considerations that enable industrial-scale deployment of carbon capture, conversion, and storage.


In alignment with the Biden-Harris Administration’s commitment to advance environmental justice and equity, funding applicants must carefully address the societal considerations and impacts of their proposed projects, emphasizing early and active engagement with communities. Applicants must explain how projects are expected to deliver economic and environmental benefits and mitigate impacts; conduct community and stakeholder engagement; incorporate diversity, equity, inclusion, and accessibility; and promote workforce development and quality jobs. Projects selected under this opportunity will be required to develop and implement strategies to ensure strong community and worker benefits, and report on such activities and outcomes. The FEED studies will incorporate input from community engagement in identifying alternative routes and applicable safety mitigation measures, where appropriate. 


Read more details of this FOA here. All questions must be submitted through FedConnect; register here for an account. The application deadline is July 9, 2024 at 5:00 p.m. ET.


DOE’s Broader Advancements in Carbon Dioxide Transport and Storage


Since January 2021, FECM has committed an estimated $853 million to projects that advance the research, development, and deployment of carbon transport and storage technologies and infrastructure. This total includes $17 million in Bipartisan Infrastructure Law funding for six projects that will perform FEED studies for regional CO2 transport networks. This progress is essential to help drive economic development, technological innovation, and high-wage jobs as we build a clean energy and industrial economy.


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 – 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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VVC – Purchase of Ithaca 1-17 Well and 5 Mile Pipeline

October 9, 2025
TORONTO, Oct. 09, 2025 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) announces that Plateau Helium Corporation ("PHC"), a wholly owned subsidiary of the Company, has completed the purchase of the Ithaca 1-17 well together with approximately five miles of associated pipeline located in Rush county, Kansas in a prolific helium, gas and oil area known as the Central Kansas Uplift (CKU). The acquisition was initiated in April 2025 and PHC took possession in July 2025. As previously disclosed in our May 30, June 26 and September 2025 MD&As, PHC has a 50% operating interest in the well. The CKU Project targets helium-rich natural gas within multiple stacked reservoirs in Rush and Pawnee Counties, Kansas, where PHC has now assembled a meaningful lease position, acquired one producing property (Ithaca 1-17) and associated gas gathering system, and identified multiple development well locations. The acquisition of an existing gas gathering system serves to lower initial development cost while expediting the time needed to commence gas/helium sales and provide cashflow. « Building on a producing asset while securing midstream capacity is a practical way to de-risk our development program in the CKU, » said Bill Kerrigan, President of VVC and PHC. « The Ithaca 1-17 well and pipeline give us a backbone to bring wells online more efficiently. » 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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