Monday, November 2, 2026

Deep Sky to Invest $500 Million in Manitoba Carbon Removal Facility

Deep Sky, a Montreal-based carbon-removal developer, has announced plans to build one of the world’s largest direct-air capture facilities in southwestern Manitoba, a project the company says will represent about $500 million in investment and ultimately remove up to 500,000 metric tons of carbon dioxide a year at full build-out.

Company materials say the project will be built in stages, with an initial phase capable of capturing roughly 30,000 tonnes a year and representing more than $200 million of the overall commitment; construction on that first phase is expected to begin in 2026, with final site selection scheduled this fall. 

Deep Sky pointed to Manitoba’s recent legislation creating a regulatory framework for underground carbon storage and the province’s low-emissions hydroelectric power as reasons for the location choice. The company has previously opened a smaller “Alpha” test site in Alberta and received a US$40 million grant commitment from Breakthrough Energy Catalyst to help scale technologies. 

Silver47 Exploration Inc. — sponsored Sponsored · Silver47 Exploration Inc.

Supporters say the facility could help establish Canada as a hub for commercial carbon removal; critics and independent analysts note that direct-air capture will require sustained investment, energy, and long-term monitoring of storage sites to ensure permanence.



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Red Cloud Fall Mining Showcase 2026 | Day 1

Can an Old Irish Mine Recover the Silver It Left Behind? | Julian Vickers – Northmin Corporation

Is Gold at $4,000 a Buy Zone or a Breakdown? | David Morgan

Recommended

Mercado Minerals Lengthens El Triunfo Vein by 190 Metres, Readies 1,500-Metre Zamora Drill Program

Blue Jay Gold Signs Ocean Partners Deal to Ship Steller Stockpiles Through 2027

Related News

Canada Backs $116 Million Nickel Mine Deal in Manitoba

The Canadian government welcomed a C$116 million commitment from the Canada Growth Fund on Wednesday...

Friday, February 20, 2026, 11:23:00 AM

Manitoba Premier Urges Boycott of US Alcohol Even as Trade Deal Reopens Shelves

Wab Kinew is on board with restocking American alcohol — reluctantly — but he's asking...
Thursday, August 20, 2026, 08:49:27 PM

Western Provinces Join Forces for Deep Water Harbor Project in Hudson Bay

The governments of Alberta, Saskatchewan, and Manitoba have finally inked a memorandum of understanding (MOU)...

Friday, June 16, 2023, 11:44:00 AM

Premiers Call Out Ottawa For Committing To Look Into Taking Away Natural Resource Rights From Provinces

Premiers from Alberta and Saskatchewan have both made their objections clear after Canada’s Attorney General...

Tuesday, April 11, 2023, 03:03:00 PM

Manitoba Pitches PST Exemption To Drive Port Of Churchill Investment

Manitoba is prepared to give up tax revenue to get money flowing into the Port...

Monday, September 14, 2026, 11:27:23 PM