OTTAWA, Ontario--(BUSINESS WIRE)--The Net Zero Company Ltd. (“NZC”), a specialized emissions reduction and offsetting company, has received a strategic investment from Altius Minerals Corporation (Altius) (TSX:ALS) (OTCQX: ATUSF), a streaming and royalty specialist, enabling NZC to expand its business and advance its offering to clients.
As an early strategic investor and partner, Altius will provide strategic guidance as Net Zero expands its focus to include offset streaming in addition to its current emission reduction and offset credit acquisition services.
NZC is dedicated to providing comprehensive solutions to accelerate the pathway to net zero carbon emissions by leveraging expertise in emission reductions coupled with broad specialized access to carbon credits. By using NZC’s dual track approach, companies can materially impact emissions to drive broad stakeholder and shareholder value.
"Entering a strategic partnership with Altius is a momentum builder for The Net Zero Company. We continue to expand our network of strategic relationships with industry leading companies that strengthen our ability to deliver on our strategy,” said Andre Fernandez, CEO of NZC. “This investment is an important validation of our business model that will help us provide large carbon intensive businesses with a plan to transition to a Net Zero state. I want to thank Altius for their confidence in our vision and look forward to our future achievements together.”
Altius CEO Brian Dalton added, “Altius has been working for several years to develop a leading portfolio of natural resource royalties that are linked to and support several sustainability focus areas, which include the energy transition as it relates to power generation and transportation, cleaner steel-making and agricultural food sustainability. Altius has been a net-zero carbon emitter since 2019 through its purchases of voluntary offset credits relating to a variety of international carbon reduction and sequestration projects. The team at Net Zero has impressed us with their insight into the rapid evolution of the voluntary carbon offset market and we look forward to sharing, learning and innovating together as this sector continues to find its place as a tool to help motivate a more sustainable world.”
Climate change is the defining challenge of our time, and meeting emission reduction targets can only be accomplished when large carbon intensive companies adopt the proven strategies of reducing emissions and offsetting the balance through external projects that sequester carbon dioxide from the atmosphere. These actions will extend our global carbon budget and keep the world on track to fulfil the ambitious targets set in the Paris Accord and further defined at COP26 in Glasgow, UK.
About The Net Zero Company
The Net Zero Co. (NZC) is a company in the climate change sector dedicated to providing comprehensive solutions to accelerating client pathways to net zero carbon emissions. Using specialized knowledge and capabilities in both emissions reductions and carbon offset project due diligence, NZC delivers customized medium and long term carbon reduction solutions to industry clients with specific needs. NZC is a team of experienced carbon market, emissions reductions, capital markets and ESG professionals dedicated to providing comprehensive solutions to accelerate the pathway to net zero carbon emissions and to focus the attention of large pools of ESG capital on companies dedicated to achieving True Net Zero. Learn more at www.thenetzerocompany.com
About Altius Minerals
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. Altius has 41,278,475 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Forward Looking Statement
This news release includes forward-looking statements within the meaning of applicable securities laws, including statements about expected shareholder returns experienced by clients on NZC By their nature, forward-looking statements require The Net Zero Company to make assumptions and predictions and are subject to inherent risks and uncertainties and other factors (many of which are beyond our control) which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. As a result, readers are cautioned not to place undue reliance on forward-looking statements. The Net Zero Company disclaims any intention or obligation to update or revise forward-looking statements except as required by law.
