Mast Announces Market-first Restorative Carbon Removal Project and $25 Million in Series B Funding
Summary
Mast plans to begin burial activities in 2025 and the project is expected to generate up to 30,000 tonnes of removal credits through 2026now .After severe wildfire, landowners face hazardous landscape conditions and limited options for reforestation. This innovative approach aligns seamlessly with Masts expertise in reforestation, ensuring optimal site conditions for replanting resilient forests where high-severity wildfires have caused irreversible loss. Masts reforestation operations for this property will include the restoration of native species cultivated from wild-collected seed, grown in-house, and matched to the project areas elevation and climate to re-establish ecological function, biodiversity, and resilience. Additional investors in the Series B round include Elemental Impact; Spero Ventures, with Tesla co-founder Marc Tarpenning as board observer; Thistledown Capital; Julius Genachowski, former Chairman of the U.S. Federal Communications Commission, and Resilience Reserve. Mast owns and operates two of the largest wild tree seed and seedling nurseries in the West, 150-year-old Silvaseed and Cal Forest, which are crucial hubs in the U.S. forestry supply chain essential for wildfire recovery.