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Teck and Ocean Regenerative team up to grow trees with seaweed, The Canadian Business Journal

VANCOUVER, British Columbia, October 31, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B; NYSE: TECK) (“Teck”) and Ocean Regenerative Aquaculture, Inc. (“ORA”) ) today announced a joint research project to study how seaweed can be used to improve forest health and promote tree growth. Supporting Teck’s goal of becoming a Nature Positive Company by 2030, the project demonstrates the effectiveness of using seaweed to enhance the health of tree species native to the area where Teck is restoring a former mining area. test sex. This project will also assess how seaweed can enhance the ability of forests to absorb and store carbon.

Jonathan Pryce, CEO of Tech, said: “We look forward to working with Ocean Restoration to advance this groundbreaking initiative that uses seaweed to accelerate restoration and carbon sequestration.”

Ocean Regenerative has led research into the application of seaweed-derived extracts to improve the growth and durability of various tree species for reforestation purposes as part of the regeneration of land mined by Teck’s operations. increase. This project will also attempt to demonstrate the potential for enhancing carbon dioxide capture and sequestration during terrestrial forest growth.

“Tech and Ocean Regenerative are working with nature to create opportunities for marine and terrestrial forests to thrive through innovative human-assisted symbiosis,” said David Parker, CEO of Ocean Regenerative. said. “This project demonstrates that ecosystem regeneration can be achieved and scaled to create healthier, faster-growing terrestrial forests, enhancing long-term carbon sequestration through naturally positive solutions. increase.”

With over 200,000 kilometers of coastline and over 3.5 million square kilometers of forests, Canada is uniquely positioned to develop expertise and share knowledge that contributes to nature positive solutions at scale. The partnership between Teck and ORA will support research into planting trees at the Teck mine site to improve resilience and enable carbon capture and sequestration.

For Teck, working to be nature positive means that by 2030, the conservation, protection and restoration of Teck’s land and biodiversity will outweigh the disruption caused by mining activity from the 2020 baseline. means In doing so, Teck protects or restores at least 3 hectares for every 1 hectare affected by mining activity. To learn more about Teck’s commitment to being Nature Positive, click here.

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Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined under applicable securities laws (collectively referred to as “forward-looking statements”). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of “will,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in the forward-looking statements. These statements are made only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements related to: Actions it intends to take to achieve its goal of becoming a naturally positive company by 2030, including a commitment to conserve or restore at least 3 hectares for every hectare affected by mining activities . and our net zero climate strategy. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are inherently uncertain and difficult to predict and are based on a number of estimates, projections, beliefs and assumptions that may prove to be inaccurate. Rehabilitation or capacity building at suitable locations on commercially reasonable terms and the ability to obtain the necessary external approvals or consensus for such occasions. our ability to successfully implement our technology and innovation strategy; New technology performance in line with our expectations. Ability to achieve nature positive and biodiversity goals and climate strategies, and the long-term impact of these goals and strategies on business. General environmental compliance costs. Assumptions regarding the development of our general business and general economic conditions. Factors that could cause actual results to differ include, but are not limited to, actual biodiversity and climate change outcomes. the unavailability of land or other opportunities for conservation, restoration or capacity building on commercially reasonable terms, or the inability to obtain the necessary external approvals or consensus for such opportunities; changes in or enforcement of laws and government regulations that affect our business, goals or strategies, and changes in commodity prices, costs or general economic conditions;

Note that the preceding list of key factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from the estimates or projections expressed or implied in our forward-looking statements and those expressed or implied. Forward-looking statements involve risks and uncertainties beyond our ability to predict or control. These forward-looking statements and further information regarding the risks, assumptions and uncertainties associated with our business are available under our profiles at SEDAR (www.sedar.com) and EDGAR (www.sec.gov). It is listed on the most recent annual information form submitted. ) under the cover of Form 40-F and subsequent filings can also be found under our profile. We undertake no obligation to update any forward-looking statements, except as required by securities laws.

About Tech
As one of Canada’s leading mining companies, Teck is committed to responsible mining and minerals development, with primary business units focused on copper, zinc and iron-making coal. The transition to a low-carbon society requires copper, zinc and high-quality iron-making coal. Headquartered in Vancouver, Canada, Tech’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK. For more information about Teck, please visit www.teck.com or follow us. @TeckResources.

About regenerative aquaculture:
Ocean Regenerative has considerable expertise in research and development of seaweed improvement products in reforestation and quantifying carbon capture and sequestration. Ocean Regenerative works with Canadian Indigenous Peoples, research institutes and conservation groups to advance the sustainable harvesting, cultivation and restoration of Canada’s marine forests. macrocystis pyrifera, commonly known as giant kelp. This is where it has historically grown in nature, being the fastest growing (up to 60cm/day) and largest (up to 60m) of the kelp species. Giant kelp can absorb large amounts of carbon quickly due to its extraordinary growth rate. Different types of seaweed extracts contain nutrients and unique compounds that, when purified and applied, enhance plant growth and resistance to biotic and abiotic stresses, while also improving soil microbiota. Promotes positive fortification, promotes soil regeneration, improved plant growth and carbon sequestration.

Teck Media Contacts:
Chris Stannell
public relations manager
604.699.4368
[email protected]

Tech Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
[email protected]

Marine regeneration medium contact:
David Parker
President and CEO
604.649.4149
[email protected]


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Teck and Ocean Regenerative team up to grow trees with seaweed, The Canadian Business Journal

Source link Teck and Ocean Regenerative team up to grow trees with seaweed, The Canadian Business Journal

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