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.
This agreement is another milestone for Cryopeak as the largest private, vertically integrated LNG producer and service provider in Canada to deliver low cost and low carbon intensity (“CI”) energy alternatives to its customers throughout Canada and Alaska.
“Through our market leading Canadian platform, Cryopeak provides a cost-effective solution to industrial and…
