Karbon-X and Core Energy Explore EV Charging in South America

Karbon-X Corp. and Core Energy have signed a non-binding Letter of Intent to explore a commercial electric vehicle (EV) charging project in South America. This collaboration will combine Core Energy's local development skills with Karbon-X's climate project expertise.

During the initial phase, both companies will assess technical and commercial aspects to prepare a Concept Note. This document will outline the proposed model and potential environmental benefits. The potential for carbon credits generation will also be examined, subject to project development and assessment outcomes.

If the initial phase proves promising, a separate agreement will define the project's scope and terms. Core Energy will manage the local project, while Karbon-X offers technical and carbon market insights. This LOI does not obligate either party to further action without a definitive agreement.