“Acheron’s Breath” is a part of Three Ranges Brewing Company’s fantastic beer collection. The inspiration behind the label artwork was the amazing potential the Robson Valley has for geothermal energy! Three Ranges Brewing Company is a prospective heat and power customer of our “Sustainaville GeoPark.” If you are interested in participating in the Sustainaville project, feel free to contact us for more information.
The town of Valemount is hosting their own “vALEmount Craft Beer Experience” on Saturday June 17th, 2017 from 5:00pm – 10:00pm at the Valemount Airport at Valemount, Airport Road, Valemount, BC.
“Valemount and the Canoe and Robson Valleys are all about giving back to their community and helping those around them as Canadians. It’s a great spot in the middle of everywhere and nowhere with magnificent views, delicious craft beverages, and amazing music for a two-day weekend opportunity like no other!”
“Geothermal Makes Breakthrough in Canada’s Federal Budget — Now What?” is an article written by James Wilt, an author for Renewable Energy World. The article discusses some of the major hurdles in the Canadian Geothermal industry, but with the release of the federal budget in late March, along with other news, there is a new hope and a positive outlook for the geothermal sector moving forward in the future!
At 9:30am, December 15, 2016 Canoe Reach Energy (wholly owned subsidiary of Borealis GeoPower) issued a press release describing an investment opportunity for the Canoe Reach geothermal project. The content of the release can be viewed here, with the text contained below.
VALEMOUNT, BC, Dec. 15, 2016 /CNW/ – Canoe Reach Energy Inc. (“CRE”), a privately held B.C. based company focused on developing geothermal projects throughout B.C.’s Valemount (Robson Valley) Region, is launching a $1.8 million capital raise to develop, market and operate a GeoHeat Park.
Geothermal heat and electricity production is an industry that has been used throughout the world for more than a century, and yet has not been developed in Canada despite its high-quality resources. With rising carbon taxes affecting the price of food, electricity, heating and more, the development of geothermal resources can offer an alternative energy that is locally produced and is renewable.
Director Alison Thompson states, “We are raising capital for drilling and initial development of the reservoir. Accredited investors can participate in an alternate energy investment that is PIMBY (Please In My Backyard). This is possibly the first energy project, and almost certainly the only current energy project in the province that does not have any public discontent associated with it.”
Borealis GeoPower Inc., a privately held corporation based in Calgary, AB and established in 2007 has undertaken geothermal energy exploration activities in the Robson Valley spanning back to 2010. In 2016 it formed its subsidiary, CRE, to commercialize renewable heat projects, begin operations and start earning revenue from long-term renewable heat contracts.
CRE is qualified as an Eligible Business Corporation (“EBC”) under the BC Small Business Venture Capital Act (“SBVCA”) providing individual tax payers or corporations the opportunity to receive a 30% tax credit on their 2016 tax return for investments up to $200,000, resulting in a net investment cost of $140,000.
This investment opportunity is open to accredited investors only.
This communication is intended for information purposes only and does not constitute and should not be construed in any way as an offer to sell or as a solicitation of an offer to purchase any of the securities of CRE (the “Corporation”). The Corporation cautions that private company investing is considered to be highly speculative and, as such, is suitable only for investors who are prepared to risk the loss of their entire investment. Interested investors should review all subscription documents carefully and consult with licenced legal professionals and advisors for any investment advice.
SOURCE Canoe Reach Energy
According to Jay Egg of EggGeothermal, geothermal is about to come to the forefront of heating solutions in a big way (as far as geoexchange heating and cooling is concerned). He cites Ontario’s mandated climate plan that will be phasing out natural gas and combustion heating (for new builds by 2030 and for all buildings by 2050), as well as similar government plans in New York and private company initiatives by the likes of Ford Motor Company.
According to Jay, it’s a good time to be a driller. We couldn’t agree more.
ThinkGeoEnergy, the leading geothermal news website and network, has published an article detailing the recent investment call for the exploratory drilling phase of the Canoe Reach project.Click here to read the article
Roy Hales, a journalist from the environmental news website EcoReport, has recently published an article about the Canoe Reach geothermal project and the recent call for investment that has been initiated on SeedUps Canada. SeedUps Canada is a next generation technology platform that helps innovative companies prepare, present and execute investment from an engaged audience of investors.
The article, appropriately titled “BC’s First Geothermal Power Project Could Be Weeks From Drilling” details the history and the future of the project.
To view the Canoe Reach data room on SeedUps, click the button below. NOTE: you must register to view the full profile.
“Geothermal Village Could Power A Community in BC” is an article written by Crystal Scuor and published by 604 Now on September 12, 2016. It describes the Canoe Reach project and what it could mean not just for the future of Valemount, but also the future of electricity and heat production in Canada with a transition to cleaner, greener source of power and heat.
Our Chief Geologist, Craig Dunn, is headed out to Valemount this week for some end of summer field exploration work, and to present to Village Council at the Regular Council Meeting of September 13, 2016. The meeting will be held at 7:00 pm in Council Chambers at the Village Office, 735 Cranberry Lake Road, Valemount.
It’s an open meeting so if you know about our project and want to learn more- or you haven’t heard about it and would like to get the lowdown- we encourage you to attend. We would love to see you there! Click here to view the meeting’s published agenda.
On September 15th, he will also be presenting to the Regional District of Fraser, Fort George Board of Directors.
“A forestry town is working to re-invent itself as a renewable energy leader with a project that promises community revitalization from the ground up.” That’s how Huffington Post’s article about the beautiful mountain village of Valemount began. Published on August 31st, 2016, the article details the plans that the village has for creating a “holistic energy development program”. In conjunction with Borealis’s power project planned for the area, the community is now moving forward with the intention of using the heat for so much more than just power. Greenhouses, fish farming and beer brewing are but a few of the operations that have already signed up to use the heat from the Earth below the village’s feet.