DOE Announces $500 Million to Build a Safe and Reliable Carbon Dioxide Transportation System
May 3, 2024

Funding from President Biden’s Investing in America agenda will provide transport infrastructure needed to support future growth of the carbon capture and storage industry

WASHINGTON, D.C. — As part of President Biden’s Investing in America agenda, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $500 million available for projects that will help expand carbon dioxide (CO2) transportation infrastructure to help reduce CO2 emissions across the United States. Meeting the Biden-Harris Administration’s goal of a net-zero emissions economy by mid-century will require accelerating the responsible development and deployment of technology to capture CO2 emissions from industrial operations and power generation and to remove CO2 directly from the atmosphere. These efforts must be supported by a safe and reliable system that can transport the captured CO2, either for permanent geologic storage or for conversion to useful, durable products.

 

“To successfully achieve our climate goals, it is critical to ensure that we have adequate infrastructure in place to accommodate the growing volumes of carbon dioxide over the next 25 years that we must capture from industrial facilities, power plants, and future direct air capture projects and then transport to geologic formations for permanent storage,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “Making investments in additional transportation capacity now allows us to plan ahead for future growth and take advantage of economies of scale, resulting in significant monetary and environmental benefits by avoiding unnecessary future construction of separate, redundant transport networks.”


America’s carbon transport system is already of significant scale—including multiple methods such as pipelines, trucks, and freight that together transport almost 60 million metric tons of CO2 per year. The United States will likely need to capture and permanently store approximately 400–1,800 million tonnes of CO2 annually to meet its net-zero commitments by 2050. To accommodate the rapid growth of carbon capture and storage industry, we must significantly expand the infrastructure to transport carbon dioxide over the next decade.


Carbon Dioxide Transportation Infrastructure Finance and Innovation Future Growth Grants


This funding opportunity announcement (FOA) will provide future growth grants under DOE’s Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program, made available through the Bipartisan Infrastructure Law. Future growth grants are intended to provide financial assistance for designing, developing, and building CO2 transport capacity up front that will then be available for future carbon capture and direct air capture facilities as they are developed and for additional CO2 storage and/or conversion sites as they come into operation. 


Under this FOA, the transport system—which may include pipelines, rail, trucks, barges, and/or ships—must connect, either directly or indirectly, two or more CO2 emitting sources to one or more conversion sites or secure geologic storage facilities. DOE is interested in projects sited in different regions that will provide increased understanding of varying CO2 transport costs, transport modes, and transport network configurations, as well as technical, regulatory, and commercial considerations. This information will help inform DOE’s research and development strategy and to encourage commercial-scale deployment of carbon capture and storage and CO2 removal.


Read more details about this FOA here. All questions must be submitted through FedConnect; register here for an account. The application deadline is July 30, 2024 at 5:00 p.m. ET.


Societal Considerations and Impacts


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.


DOE’s Advancement of Carbon Dioxide Transport and Storage


Since January 2021, FECM has announced more than $842 million in project investments that advance research, development, and deployment of carbon transport and storage. 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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