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Cryopeak Energy Solutions Enters Long-Term Agreement with Foran Mining to Provide Low Carbon Fuel for Power Generatio

Newswire.ca - Wed Mar 20, 10:53AM CDT

VANCOUVER, BC, March 20, 2024 /CNW/ -- Cryopeak Energy Solutions Corporation ("Cryopeak") has entered into a long-term agreement with McIlvenna Bay Operating Ltd, a wholly owned subsidiary of Foran Mining Corporation (TSX: FOM) to supply liquefied natural gas (LNG) for all power generation requirements during the initial project phase and mine air ventilation to the McIlvenna Bay project located in Northern Saskatchewan. LNG will be exclusively used to provide low carbon fuel for the multi-megawatt power generation plant and to replace propane for air ventilation heating.

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