Bécancour, Quebec – October 31, 2025 — Deep Sky, the Montreal-based carbon removal project developer, today announced its participation in two major projects that have collectively been awarded nearly $6 million in funding from Natural Resources Canada. The partnerships will advance carbon storage capabilities across Eastern Canada, from detailed site assessments in Quebec to comprehensive regional mapping spanning Quebec and Atlantic Canada.

The funding includes nearly $5M awarded to the Institut national de la recherche scientifique (INRS) for a project titled “Toward a Pilot Project in the Saint Lawrence Lowlands in Quebec,” and $960,000 awarded to Canadian Discovery Limited for its “Geological Carbon Storage Atlas of Eastern Canada.” Together, these initiatives represent a significant investment in understanding and developing the carbon storage in the region.

“Deep Sky’s partnership with the INRS and Canadian Discovery represent a critical step forward in advancing carbon removal infrastructure in Quebec,” said Deep Sky VP of Public Policy and Government Affairs for Quebec, Mathieu Bouchard. “With Natural Resources Canada’s contribution, we’re able to accelerate data analysis of our pre-feasibility studies for a carbon storage site in Bécancour while scouting the best locations for future carbon storage with the Atlas, ultimately moving closer to establishing Quebec as a global leader in large scale carbon dioxide removal.”

The INRS project will conduct site assessments in the Saint Lawrence Lowlands, leveraging technology to create digital twins of underground storage reservoirs. Focusing on the Bécancour area, where Deep Sky and its partner Les Solutions Géostack inc. conducted the largest geological study ever east of the Prairies last year, and using advanced 3D seismic data analysis, well tests, and reservoir modeling, the research will measure CO₂ storage capacity and geologic feasibility. In turn, this research project will support the development of regulatory frameworks essential for scaling carbon storage operations in Quebec. The project also received funding from Énergir and the Government of Québec through a $426,448 contribution from the Innov-R program, as part of the 2030 Plan for a Green Economy.

Complementing this work, the Geological Carbon Storage Atlas project will provide the first comprehensive mapping of carbon storage opportunities across Eastern Canada. Focusing on saline aquifers and depleted hydrocarbon pools, this initiative will produce a publicly available atlas accessible to industry, government, Indigenous groups, and the public. The mapping will position Canada competitively on the global stage, providing critical data that many jurisdictions lack.

The combination of site-specific assessment and regional mapping creates a powerful foundation for carbon storage development in Eastern Canada. The projects also align with Canada’s commitment to achieving net-zero emissions by 2050 and demonstrate the federal government’s recognition of geological carbon storage as essential climate infrastructure. By supporting both detailed technical studies and regional assessments, Natural Resources Canada is enabling the coordinated development of carbon storage capabilities that could serve removal operations for decades.

Deep Sky’s involvement in both initiatives underscores the company’s commitment to advancing carbon removal solutions through strategic collaboration with leading research institutions and industry partners.

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About Natural Resources Canada’s Energy Innovation Program

The Energy Innovation Program advances clean energy technologies that will help Canada maintain a competitive, reliable, and affordable energy system while transitioning to a low-carbon economy. It supports energy research, development & demonstration projects and other science-related activities.

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About Economy, Innovation and Energy Quebec’s Innov-R Program

The Innov-R program aims to accelerate the implementation of collaborative and innovative projects with a high potential for reducing GHG emissions in Quebec. It is part of the 2030 Plan for a Green Economy, which guides the Government of Quebec’s actions to reduce greenhouse gas emissions and adapt to climate change throughout the current decade.

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About Deep Sky‍

Montreal-based Deep Sky is the world’s first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.