Ascendant Resources Inc. (“Ascendant” or the “Company”) is pleased to announce that the company has engaged Synergy Enterprises (“Synergy”), a leading firm specializing in greenhouse gas (“GHG”) accounting and decarbonization strategies, to help Ascendant develop and execute its strategy to be a leader in low-carbon mining at its Lagoa Salgada Property in Portugal.
Over the next year, Synergy will measure emissions from current exploration activity and model the projected emissions of the proposed operation being designed in the upcoming feasibility study, which is expected to be completed towards the end of Q1/23. Based on the ensuing model, Synergy will create a decarbonization strategy that identifies the key opportunities to reduce emissions, and work with company leadership to set ambitious, achievable, GHG emission targets. Ascendant Resources and Synergy will also explore carbon neutrality as a strategy to reduce the overall environmental impact of the proposed project.
The Company continues to progress the Feasibility Study with the aim of minimizing emissions through several initiatives, including the use of electric mining equipment, reducing our environmental footprint and evaluating the introduction of a captive solar plant. Ascendant is fortunate that Portugal’s existing power grid is heavily supported by green power.
Heidi Grantner, General Manager at Synergy Enterprises, commented: “At Synergy, our mission is to empower businesses to take ambitious action to reduce our global reliance on fossil fuels and limit the worst impacts of climate change. We are excited to begin working with Ascendant Resources, as it is clear the company is committed to being a leader in this space, and we look forward to supporting them along their decarbonization journey.”
Mark Brennan, Executive Chairman of Ascendant, stated, “We are pleased to be working with Synergy to help execute on our strategy to be an industry leader in low emission mining. We believe Lagoa Salgada will be a low impact project by nature and we are always looking for ways to limit or neutralize emissions with the aim of achieving Carbon Neutrality.”