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 Exploration Corporation Provides Regulatory Update and Clarifies a Previous Incorrect Statement about CYRB

May 21, 2026
TORONTO, May 21, 2026 - VVC Exploration Corporation, dba VVC Resources (“VVC” or the “Company”) (TSX-V: VVC and OTCQB: VVCVF) is providing an update to its previous news release dated May 16, 2026, regarding the status of its annual financial filings. The Ontario Securities Commission (the "OSC") has notified the Company that its application for a Management Cease Trade Order ("MCTO") has been rejected. In delivering its decision, the OSC noted that they are not of the view that there is an active, liquid market for the issuer’s securities, based on a review of the trade volume, trade value, and number of trades over the last month. Consequently, the OSC intends to issue a Failure-to-File Cease Trade Order ("FFCTO") against the Company shortly after the regulatory deadline if the continuous disclosure documents are not submitted. The Company's audited annual financial statements, management's discussion and analysis, and related officer certifications for the fiscal year ended January 31, 2026 (collectively, the "Required Filings") are due on June 1, 2026. Reason for Anticipated Delay The delay in completing VVC’s Required Filings is primarily attributable to the time required to complete the valuation and related accounting assessment of VVC’s equity investment in Cyber Apps Solutions Corp. (“CYRB”) and its operating subsidiary, Proton Green, LLC. The complexity of the valuation process and the resolution of related accounting matters delayed the commencement of VVC’s Required Filings. The Company also wishes to clarify that the references to executive management vacancies at CYRB included in the May 16, 2026 announcement were incorrect and have been retracted. Financing & Corporate Update In light of the operational adjustments required by the developments at CYRB, the Company also announces that it is actively pursuing capital-raising initiatives to protect working capital and fund ongoing operations, including its core helium and gold exploration assets. VVC is currently evaluating various financing options, which may include a proposed non-brokered private placement of securities. Any such financing remains subject to compliance with the strict terms of the proposed MCTO, which prohibits the issuance or acquisition of securities from any director, officer, or insider of VVC during the period of the default. Further details regarding the terms, pricing, and closing dates of any such financing will be announced if and when they are finalized. There can be no assurance that any financing will be completed on terms acceptable to the Company, or at all. Anticipated Completion and Impact of Order The Company and its independent third-party valuation specialist are working diligently to resolve the valuation framework with MNP LLP. VVC continues to target the completion and submission of the Required Filings on or before June 30, 2026. If an FFCTO is issued by the principal regulator, trading in the common shares of VVC will be suspended across all trading platforms in Canada, including the TSX Venture Exchange, until the Required Filings are completed and the order is formally revoked by the regulators. Insider Trading Restrictions The Company's internal insider trading blackout notice issued by the Corporate Secretary remains in full effect. All directors, officers, and insiders are strictly prohibited from trading in the Company's securities or exercising stock options until the default is fully remedied and the Required Filings are publicly available. 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 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.
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