Firestone Signs MOU with Aurania Resources Ltd. and RSA S.R.L.

Core Points - Firestone Ventures Inc. has signed a Memorandum of Understanding (MOU) with RSA and Aurania Resources Ltd. to explore the recovery of metals and carbon capture from tailings at the former Balangero Asbestos Mine [1][2] - The MOU allows for data collection and sampling of approximately 60 million cubic meters of serpentinite waste rock, with the potential to extract valuable metals and permanently neutralize asbestos [2][9] - The project aims to combine environmental remediation, carbon storage, and resource recovery, potentially setting a benchmark for similar initiatives in Europe [9] Project Details - The MOU has a term of one year, after which a commercial agreement may be established if results are favorable [2] - The main tailings pile is approximately 250 meters high and consists of material that has been crushed to less than 1 cm [2] - Each tonne of serpentinite can theoretically bind 0.476 tonnes of CO2, with a maximum potential capacity of 70-73 million tonnes of CO2 for the Balangero site [5] Research and Development - Dr. Chiara Boschi and her team are developing a process to use CO2 from industrial sources to neutralize asbestos in the tailings and fix carbon permanently [3][4] - A detailed mineralogical study is underway to determine the most efficient carbonation route, focusing on either chrysotile alone or both chrysotile and antigorite [6] Environmental Impact - The project is positioned as a high-ESG initiative, addressing legacy mine site issues while contributing to climate mitigation and responsible mineral management [9] - RSA has over 20 years of experience in managing the Balangero Mine site, successfully reducing airborne asbestos threats [11]