TORONTO, Oct. 28, 2021 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR” or “Company”) (YES – TSXV) is pleased to announce the commencement of surveying and geotechnical testing at the proposed site of its woody-biomass to renewable natural gas (“RNG”) High Temperature Pyrolysis (“HTP”) project near Kirkland Lake, Ontario. This project will potentially produce 500,000 gigajoules per year (GJ/yr) of RNG, and 10,000 tonnes per year of CHAR’s proprietary CleanFyre biocoal (“CleanFyre”). The Kirkland Lake project will be designed, built, operated and owned by CHAR.
The Company had previously entered into a land purchase option agreement (July 2, 2021) with the town of Kirkland Lake with respect to the proposed project site, as well as a letter of interest (July 9, 2021) for biomass supply to the project, and an exclusive letter of interest (September 16, 2021) with a Canadian gas utility for long term RNG offtake. It is anticipated that an offtake contract will be finalized by early 2022. CleanFyre from the proposed Kirkland Lake facility will be earmarked for future sale to the steel making and metal smelting industries.
Andrew White, CHAR CEO states; “We continue to gain market penetration and interest through the demonstration of our proprietary HTP systems and its solution for reducing greenhouse gas emissions. As society recognizes the value of converting low-value by-products and waste materials to valuable clean energy sources, that we can transition to a circular economy. Renewable Natural Gas is CHAR’s next vertical in line with our current business objectives.”
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Company to Feature its New Electric Vehicle Lineup at Top U.S. Transit Industry Event in Orlando
Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $176 MCAD Stock price at time of publication: $5.03 CAD Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada Comparable peer : Lion Electric Market cap $2500 MCAD Website: https://vicinitymotorcorp.com/
ESGFIRE comment: We are very please to see the rollout of all new VMC models which will add further width and sales potential to the companys anticipate growth in the coming years. The partnership with Optimal EV is likely a very smart move to get into new markets faster.
VANCOUVER, BC – October 28, 2021 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a leading North American supplier of commercial electric vehicles, will attend and showcase its vehicles at the APTA’s TRANSform Conference & EXPO taking place November 8-10 in Orlando, Florida at the Orange County Convention Center.
APTA’s TRANSform Conference & EXPO is the world’s most comprehensive public transportation showcase of technology, products, and services. With attendees and exhibitors from around the globe, the EXPO plays a pivotal role in connecting the U.S. transit industry to what’s now and what’s next in public transportation.
Vicinity and ABC Companies will jointly exhibit a range of heavy-duty, light-duty and special purpose vehicles.
Vicinity Lightning™ EV
The Vicinity Lightning is a 28 foot shuttle bus designed from the ground up to be a cost effective, user friendly vehicle. The design allows it to fit into any standard garage with no major infrastructural electrical upgrades. Priced at an attractive cost starting at USD$350,000 with seating for up to 24 passengers, the Lightning’s onboard charging and in-floor batteries are just some of the unique designs that make the vehicle a clear choice for transit and commercial applications.
VMC Optimal S1 and E1
The VMC Optimal E1 is a Best in Class fully-electric low floor chassis built on the E450 frame, aimed to be an enabler for zero-emission operation of an extensive range of market segments, including commercial trucks and buses, ambulances, recreational vehicles, and fleet trucks. The E1’s innovative powertrain system enables more than 125 miles of driving range, 75MPH top speed, 30% gradeability at maximum load—and utilizes high-performance battery systems from Proterra, which have industry-leading energy density, a flexible design to fit within a wide variety of vehicles, and rigorous pack level validation designed for safe and durable vehicle operation.
The Optimal S1 low floor cutaway shuttle bus, also built on the E450 chassis, takes full advantage of Optimal-EV’s OEM-quality design and engineering to introduce a product that is both C/FMVSS and ADA compliant. Its low-floor design, which is made possible by the innovative packaging of battery-electric propulsion, allows for ultra-low 11″ step-in height and quick deployment of an ADA-compliant accessibility ramp without the need for the added complexity of kneeling suspension. A variety of seating and storage configurations ensure the Optimal-EV S1 meets all of the customer’s fleet needs.
Vicinity Optimal EV S1 shuttle bus will be on display with Proterra, the vehicle’s high-performance battery systems provider, at booth number 2852.
VMC 1200 Class 3 Electric Truck
The VMC 1200 is a 12,000 GVWR medium-duty electric truck with a 6,000-pound load capacity, expected range up to 150 miles on a single charge and a popular cab-over design – all at an attractive price. The VMC 1200 at the EXPO has been upfitted with an industrial box supplied from Reading, a JB Poindexter (JBPCO) subsidiary.
Mark Hope, COO of EAVX will be in attendance at the Vicinity booth to discuss opportunities for Vicinity design solutions for dealers and municipal customers. EAVX is the newest business unit and subsidiary of JB Poindexter & Co, which collaborates with the most advanced electric and alternative power chassis producers, allowing chassis partners to focus on their revolutionary and proprietary technologies. EAVX and the other business units of JB Poindexter are the integration bodybuilders of choice for chassis producers serving present and future EV and alternative fuel and advanced vehicle technology markets.
Vicinity Classic CNG
The Vicinity Classic 30’ CNG is a heavy-duty transit bus powered by near-zero emission compressed natural gas to allow for versatile uses and easy maneuverability in any community.
Vicinity and ABC Companies invite attendees to re-imagine the future of sustainable transportation by visiting ‘ them and their “Vehicles of Change” at the APTA Expo at booth numbers 1701 and 1901.
“APTA’s TRANSform Conference & EXPO is a must-attend destination for transit providers, and we are privileged to display our vehicles in partnership with industry leaders such as ABC, EAVX and Proterra,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “Together we are showcasing the industry’s leading EV options across a variety of models suited for a diverse set of needs, and hope to serve as advocates and educators on the benefits of the transition to electrification of vehicles for all attendees.”
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Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $176 MCAD Stock price at time of publication: $5.03 CAD Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada Comparable peer : Lion Electric Market cap $2500 MCAD Website: https://vicinitymotorcorp.com/
Although this capital raise has put a short term pressure on the stock price, which is never fun to see as an investor, the company should benefit from this capital injection and the partnership with Optimal EV on a long term outlook. Vicinity Motors is set for massive growth and they continue to add important long term strategic partnerships. We are confident in the company’s long term growth and it remains our top pick in the electric vehicles sector.
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Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
Companies may or may not be paying us for content posted on this blog.
Company: Newlox Gold Ventures Corp Listings : Canadian Securities Exchange, Frankfurt Tickers: LUX , NGO Market cap at time of publication: $ 37,5 MCAD Stock price at time of publication: $0.29 CAD Number of shares fully diluted 190,390,637 Business: Environmentally friendly and socially responsible gold mining Market Size: US$180bn Website: https://newloxgold.com/
ESGFIRE comments: We are pleased to see in todays (26/10 2021) press release that Newlox is now commencing its mining operations on their second mine at the Boston project.The company has released a video in conjunction with this press release which can be viewed HERE.Newlox Gold’s stock has been under alot of pressure lately due to delays but the latest news is certainly welcomed news that shows that the company is progressing in the right direction.
Vancouver, BC, 26 October 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce that its local mining partners have commenced operations at the historic Boston Mine. The miners have started actively mining at Boston to establish a stockpile of freshly sourced material in anticipation of the completion of Newlox Gold’s Boston Processing Plant.
The recovery plant at the Boston Project is the Company’s second environmentally and socially positive precious metals recovery plant. It will process feedstock newly extracted from the Boston Mine by the Company’s local mining partners. Newlox will operate the new mill at Boston capable of processing 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by Newlox’s mining partners, with profits to be split evenly between the parties. The joint project benefits both parties, as Newlox will outsource all mining to its local partners while providing them with modern, environmentally sustainable, and effective mercury-free mineral processing. The Boston project is fully permitted under existing mining codes, inclusive of the use of necessary chemicals utilized in the gold and silver recovery process, while eliminating the use of mercury. While construction at Boston was delayed in 2021 due to the pandemic and the associated global supply chain disruptions, excellent progress is now being made, with the operations team expected to complete construction, testing, and commissioning before the end of the year. Throughout the summer of 2021, the Company’s local mining partners have refurbished the Boston Mine. The Company has assisted the rehabilitation effort by making available its in-house laboratory to test samples taken in collaboration with the miners from the Boston Mine as they evaluate areas for initial exploitation. Grab samples collected recently as part of the rehabilitation effort returned results as high as 77.1 grams per tonne gold. Availability of Newlox Gold’s in-house analytical laboratory has assisted the local miners to confirm the location of high-grade mineralization in the historic Boston Mine and has assisted them to mine and establish a stockpile of quality mill feed for the new processing plant.
A Message from Ryan Jackson, President & CEO: “We are delighted to announce that the Company’s mining partners at the Boston Project have completed the refurbishment of the first level at the Mine and are now actively producing feedstock for our joint project. Access to Newlox’s in-house lab has provided the Company’s partners with high-quality data to support their mining plan and will enhance their demonstrated ability to identify and mine quality feedstock. With advancing construction at the Boston Processing Plant, we look forward to testing and optimization with an established stockpile of quality mill feedstock, which will precede full scale operation next year. The ‘Coexistence Model of Artisanal Mining’ promoted by Dr. Marcello Veiga to the United Nations PlanetGOLD Initiative as a sustainable solution to the issue of artisanal mining, is superbly illustrated by Newlox’s providing a modern and environmentally friendly processing option to local miners at the Boston Mine. Precious metals are an integral part of heritage and traditions around the world and persist today to be mined for both economic and cultural reasons. Now, impressively for this area, for the first time since the ancient introduction of the mercury amalgamation process, artisanal gold and silver will be recovered without the use of mercury and its associated environmental damage. We are proud to be working partners with the local miners at Boston with whom management has established a strong bond. The Project will contribute substantially to the Company’s near-term growth while both supporting the local economy’s sustainable development goals and solving a decades-old environmental and social dilemma for the benefit of all stakeholders.”
Outlook Newlox Gold has both a robust treasury, and an experienced technical team which has implemented numerous strategies to overcome supply chain challenges at operations. Our team is completing the ramp-up of Project 1 (our operational tailings remediation project), which is already cash-flow positive and improving each month. The team will complete the construction and commissioning of the Boston Project and will then be positioned to support both our regional growth strategy in Central America, and our recently announced planned expansion in Brazil.
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Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
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Company: Aduro Clean Technologies Listings: CSE, OCTQB, FSE Tickers: ACT, ACTHF, 95DO Market cap at time of publication: 33 $ MCAD / 27 MUSD Stock price at time of publication: $0.99 CAD / $0,80 USD Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel Website: https://adurocleantech.com/ Comparable Peer evaluations: Purecycle 1,66 BUSD Clean Energy fuels 1,93 BUSD Agilyx 235 MUSD
ESGFIRE Comment: Aduro Clean Technologies today (21/10 2021) released a very encouraging press release which you will find below. The main take aways that our team draws from this is the following: The Hydrochemolytic proces for plastics is progressing towards an engineering and design scope of 10 tonnes per day and this in turns means that the company is NOT waiting for the results of milestone 1 ( Showroom facility showing continous flow and third party validation ) for the process which shows confidence in the process. Secondly the company must be seeing a high demand for this type of unit (plastics) since they are spending money to design and engineer it. Thirdly the company seems to feel confident about their technology and the fact that they have run the process many times in order to be certain about a positive outcome in Milestone 1 (explained above).Polyethylene is a plastic which on today’s market is very difficult to recycle.
SARNIA, ON / ACCESSWIRE / October 21, 2021 / Aduro Clean Technologies Inc.(CSE:ACT)(OTCQB:ACTHF)(FSE:9D50)(the “Company,” “Aduro Clean Technologies“) a developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, is directing Exergy Solutions (“Exergy”) to extend its process design and engineering work on Hydrochemolytic™ Bitumen Upgrading (HBU) to polyethylene upcycling.
As the Company advances toward its Hydrochemolytic™ Bitumen Upgrading (HBU) milestone, work with Exergy to design and engineer the “R3” pilot-scale HBU reactor revealed commonalities for the application of Hydrochemolytic™ Plastic Upcycling (HPU) to polyethylene (PE).
According to Matt McCulloch, Exergy VP of Clean Technology and Innovation, “Aduro Clean Technologies has a firm grip on the core Hydrochemolytic technology (HCT), which is very similar between the bitumen upgrading and PE upcycling applications. We therefore can move to process design and engineering very efficiently, beginning with the 10-tonne-per-day R3-scale pilot reactor for HBU and continuing with R3 for PE, which are the stepping-stones to even larger pre-commercial ‘R4’ plants and beyond.”
The ability to extend the HBU process engineering efforts directly to the PE application offers important efficiency gains for Exergy work and Aduro commercialization efforts. According to Ofer Vicus, CEO of Aduro Clean Technologies, “We established the underlying science of Hydrochemolytic technology (HCT) several years ago, so the critical path to commercialization does not depend on research and discovery, but on the well-established chemical engineering practices. We’re very pleased to have the benefit of Exergy engineering expertise needed to take our scientifically-grounded HCT and scale it up.”
Vicus explained further that “Achieving the First Milestone really is more of a formality that simply shows the same chemistry we’ve done a hundred times in small laboratory batch reactors also works in the regime of continuous-flow commercial systems. The nice thing is, our experience tells us it always works better, giving us great confidence as we move to R3-scale projects to process both bitumen and PE.”
About Exergy Solutions
Exergy Solutions Inc. (Exergy) is a leading supplier of engineering solutions and services that enable industry transition to a low carbon future. Exergy accelerates its clients’ development and deployment of clean-energy process technology through unique integration of rapid prototyping, field-scale piloting, digital solutions, and advanced manufacturing. Based in Calgary, Alberta, Exergy has a state-of-the-art additive manufacturing facility in the University of Calgary Life Science Innovation Hub with industrial 3D printers, post-processing solutions, and a wireless augmented & virtual reality studio. For more information, visit exergysolutions.com or follow @exergysolution on Twitter.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost – a game-changing approach that converts low-value feedstocks into 21st-century resources. With funding and support from Bioindustrial Innovation Canada, the Company has developed a pre-pilot reactor system to upgrade heavy petroleum into lighter oil. Additional information on Aduro Clean Technologies is available on the Company’s website.
Legal Disclaimer
We own shares of these companies personally.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
Companies may or may not be paying us for content posted on this blog.
Current positions with monthly performance for September 2021
Aduro Clean Technologies – Up 11 % for september , awaiting validation from third party on their hydrochemolytic technology. Analysis coming shortly. Aurora Solar Technologies – +-0 Awaiting third party validation by a major potential client which should be imminent.
Char technologies – +-0 no material change.
Desert Control – Up 35 % we are expecting to hear news about their project in Saudi Arabia shortly which could mean big revenue.
Earthrenew –Down 11 %. The stock is currently a waiting game. Fundamentals are very sound with increasing revenues and one big seller which has put a major pressure on the stock. Once this seller is gone we expect a return to more normal trading levels at 0.30-0.40 CAD
Environmental Waste international – Down 41 %, extremely dissapointing development. The JV partner torreco is awaiting governmental approvals before they are willing to invest the remaining outstanding amount required to get the first test facility into commercial production. The company needs to step up and speed up their operations.
Newlox Gold Ventures Corp – Down 27 % despite very good test results in their projects.
Vicinity Motor Corp – +- 0 the company has revealed very impressive news lately and should shortly receive analyst coverage which may prove a signifcant catalyst. Recently came out with a financial projection of revenues for 2022 amounting to 140 MCAD.
Solarvest BioEnergy – Down 28 % , very disappointing stock price lately but our conviction remains. We think big deals are around the corner.
Biofrigas Option 1 –Stock up 6 % , Option up 36 % Biofrigas recently updated and stated their validation should be done shortly. This should prove a great catalyst!
Sold positions :
Landi Renzo – No progression as we expected, sold but we may buy it back if we see good progression on their commercial hydrogen projects.
Cielo waste solutions – The company has had a turbulent time and we chose to exit our position during september. We may consider buying it back into the portfolio when we see continous flow to be proven atleast in the range of 500-1000 LPH range.
Lion E mobility – We have not seen any progression with their TIER 1 client which we find worrying , also their largest client Vicinity motors corp have today (13/10 2021) announced a new battery supplier which leads ut to think Lion might lose revenues which would be even more worrying since they have just purchased the rights for the BMW batteries production and invested money in this revenue source. IF and WHEN we see that the cooperation with the TIER 1 supplier progress we will consider bringing the stock back into the portfolio.
Temporarily sold positions:
Nuvve – Temporarily sold we expect to buy this stock back shortly. Absolicon -Temporarily we expect to buy this stock back shortly.
Legal Disclaimer
We own shares of these companies personally.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
Companies may or may not be paying us for content posted on this blog.
Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $217MCAD Stock price at time of publication: $7,05 CAD ( reverse split price 2,35 CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada Comparable peer : Greenpower Motor , Market cap $350 MCAD Website: https://vicinitymotorcorp.com/
Electrovaya to provide Lithium-ion battery systems for Vicinity electric vehicles
ESG comment:We are very pleased to see that Vicinity Motor Corp has secured a supplier of batteries in North America. This will surely enable for a smoother production. It yet remains to be seen which consequenses this will have for the current battery supplier Lion E-Mobility in Germany.
VANCOUVER, BC – October 13, 2021 – Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) (“Vicinity Motor,” “Vicinity” or the “Company”), a leading North American supplier of commercial electric vehicles, today announced the formation of a strategic supply agreement with Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) (“Electrovaya”) for the supply of battery systems for the Company’s line of Vicinity Lightning™ EV buses and fully electric VMC 1200 Class 3 trucks.
Electrovaya is a leader in the global energy transformation, focused on contributing to the prevention of climate change through its efforts to supply safe and long-lasting Lithium-ion batteries. Electrovaya designs, develops and manufactures Lithium-ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.
The agreement provides Vicinity with Lithium-ion battery systems that utilize the latest Electrovaya NMC ceramic lithium-ion battery technologies and will support full integration within Vicinity’s line of vehicles.
“Our decision to collaborate with Electrovaya as a strategic supplier followed rigorous engineering and due diligence activities,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor. “Sales momentum for our Vicinity Lightning™ EV lines of buses and our new fully electric VMC 1200 Class 3 Truck continues to scale, and this agreement secures our supply chain for the crucial battery component of our platforms. The Electrovaya batteries will provide confidence with prospective customers with a superior lifecycle performance and peace of mind with respect to safety.”
“Vicinity customers using the Electrovaya battery system will experience best-in-class performance with our leading-edge technology,” said Sankar Das Gupta, President and Chief Executive Officer of Electrovaya. “Our partnership will bring together two leaders in commercial and public vehicle electrification and deliver models at a price point suitable for mass deployment across small and large fleets. Vicinity Motor Corp. offers a highly competitive lineup of electric vehicles for the North American market and we expect our battery systems to help provide an additional competitive advantage to improve their adoption.”
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Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
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Ticker: CMC.V / CWSFF Listings: TSX Venture Exchange / US OTC / Frankfurt Website:https://www.cielows.com/ Market Cap: 319 MCAD at time of publication Share price: 0.49 CAD at time of publication Industry: Converting waste to renewable fuel
VANCOUVER, BC / ACCESSWIRE / October 12, 2021 / Cielo WasteSolutions Corp. (TSXV:CMC;OTCQB:CWSFF) (“Cielo” or the “Company”) today provides an operational and corporate update, highlighting the following:
Successful commissioning of the desulphurization unit at Aldersyde, Alberta facility (the “Aldersyde Facility”) constitutes completion of one of the important components of ongoing research and development (“R&D”) activities to progress toward continuous production on a commercial scale;
The desulphurization unit is anticipated to enable Cielo to generate higher revenue from its waste-to-fuel products once continuous production on a commercial scale is attained; and
Mr. Chris Sabat assumes the role of Chief Legal Officer and Corporate Secretary with expanded corporate responsibilities.
Desulphurization
The desulphurization process is one of the important components of ongoing R&D activities to progress toward continuous production on a commercial scale. We are pleased with the performance of the desulphurization unit during its initial run at the Aldersyde Facility. The successful commissioning of the desulphurization unit at the Aldersyde Facility demonstrates that Cielo is capable of producing diesel with a sulphur content that complies with road diesel requirements in North America.
On September 27, 2021, Cielo began the final commissioning procedures for the safe start-up of the desulphurization unit for the initial run. The Company completed mechanical, instrumentation, and electrical verification processes required for the desulphurization unit to start up. The desulphurization unit was then purged and loop checks were completed followed by commencement of the warmup sequence. Diesel feed, with a high sulfur content, averaging 800 parts per million (“ppm”), was initiated into the desulphurization unit, after which the unit was monitored and tuned to verify and record the specific on-site parameters and metrics of operation and performance. The Company is very pleased to report that this initial run, and the operation of the desulphurization unit, have met the operational expectations based on the Company’s design parameters:
the desulphurization unit was operated at a constant pressure of 1,000 kilopascal (145 psi) and processed a total of 25,000 liters (6,604 gallons) of diesel;
the diesel processing flow rate ranged from 500 liters (132 gallons) per hour (“lph” and “gph”) to 1,500 lph (396 gph), with an average inlet sulfur content of 800 ppm;
the diesel produced after the desulphurization process contained a sulfur content of less than 15 ppm; and
preliminary operational data indicated that the expected operating cost of the desulphurization process which ranged from approximately $0.08/litre ($0.31/gallon) to $0.13/litre ($0.50/gallon), was within the Company’s anticipated design parameters.
Further system testing and tuning will be performed as the Company continues to streamline its overall processes at the Aldersyde Facility. In addition, Cielo remains committed to advancing the priorities that were outlined in the September 27, 2021 press release and the subsequent conference call held on September 29, 2021. These priorities are designed to accelerate the drive toward commercialization and revenue.
In order to achieve continuous production on a commercial scale, the next steps include undertaking engineered process modifications to the inlet feed system, the reactor, and biomass waste management system at the Aldersyde Facility. In parallel, Cielo has initiated, and is well into, the design phase of the scaled-down version (60 lph/16 gph) of a full-scale 4,000 lph (1,057 gph) facility in Fort Saskatchewan, Alberta (the “R&D Facility”). Cielo anticipates that the fabrication and construction phase of this R&D Facility will commence by the end of Q1 2022.
The utilization of the Company’s desulphurization unit is anticipated to enable Cielo to generate higher revenue from its waste-to-fuel products. Diesel with a sulphur content that complies with road diesel requirements in North America, can be sold at a higher price, compared to diesel with higher sulphur content.
All amounts in this news release are in Canadian dollars unless otherwise indicated.
Corporate Update
In addition to the operational advancements, Cielo continues to streamline and enhance the strength of the corporate structure, optimize costs, and establish clear and transparent processes. As a result of these efforts, Cielo’s Board of Directors expanded the responsibilities of Mr. Chris Sabat, who is now Chief Legal Officer and Corporate Secretary. Mr. Sabat will oversee and manage all matters related to corporate services, including Health, Safety & Environment, Human Resources, Vendor Management, Information Technologies, and Joint Arrangements. Previously, Mr. Sabat held the title of Corporate Secretary and General Counsel.
Lionel Robins, formerly SVP Global Development and Indigenous Relations, and Raphael Bohlmann, formerly SVP Corporate Development and Investor Relations, have resigned their positions with Cielo in order to focus their efforts on Renewable U Energy Inc. with which Cielo has entered into several Memorandums of Understanding. Cielo thanks Mr. Robins and Mr. Bohlmann for their contributions.
Cielo’s Board of Directors are currently in the process of shortlisting candidates for appointment to the Board and the selection of a Lead Director, with such optimal skills and experience needed to facilitate the continued growth and governance oversight of the Company.
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Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
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Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $207 MCAD Stock price at time of publication: $6,71 CAD ( reverse split price 2,23CAD) Business: Leading supplier of electric, CNG, gas and clean-diesel buses for both public and commercial enterprise use in the U.S and Canada Comparable peer : Greenpower Motor , Market cap $350 MCAD Website: https://vicinitymotorcorp.com/
ESG comment: For the financial year of 2020 Vicinity motors recorded sales of 26 million CAD. For the financial year of 2021 ESGFIRE estimatesthat sales will increase close to 100 % to about 45-55 million CAD. We are therefore extremely pleased to see that the company themselves now project a 538 % increase in sales from 2020 sales numbers of 26 million CAD to 140 million CAD for 2022. This is a remarkable growth which shows how high the demand is for Vicinity Motor corps vehicles that stand best in class and best value for money. We believe this is only the beginning of the company’s growth journey in the electric vehicles sector and we would not be surprised to see 250-300 million CAD in sales going into 2023 barring any unforeseen mishaps. The US facility in Washington that can produce Buy America compliant vehicles is estimated to begin operations in mid 2022. Financial year 2022 Adjusted EBITDA is expected to be over $10 million with significant potential upsideaccording to the companys press release below. It’s very reassuring to see that Vicinity Motors estimates that profits will return in 2022 and we estimate these will increase as they go into larger mass production. Once again Vicinity Motor proves why they are the ESGFIRE’s top pick in the electric vehicles sector and ,according to us, tremendously undervalued to peers at an evaluation of just 1,5X 2022 sales.
VANCOUVER, BC – October 12, 2021 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity Motor” or the “Company”), a leading North American supplier of commercial electric vehicles, today provided a corporate update and financial guidance for 2022.
Through the year ending December 31, 2022, Vicinity Motor expects to complete deliveries of over 95 Vicinity™ Classic buses, 75 Vicinity Lightning™ EV buses and chassis, 200 VMC 1200 EV trucks, and 300 Vicinity Optimal EVs to drive year end revenues of over $140 million. FY 2022 Adjusted EBITDA is expected to be over $10 million with significant potential upside.
The Company expects to deliver over 130 Vicinity™ Classic buses during 2021. Consistent with other manufacturing and transportation companies, Vicinity Motor continues to experience temporary delays from some suppliers and shipping companies which has delayed over 20 buses now expected to be delivered in 2022 rather than 2021.
“Ongoing sales activities across our vehicle lines have positioned us for a strong 2022,” said William Trainer, Chief Executive Officer of Vicinity Motor Corp. “Based on our existing backlog and large pipeline, we expect a strong cadence of sales growth into 2022 with additional near-term customer orders. To support this significant demand, our Washington State assembly facility is expected to begin operations by mid-2022 – beginning the ramp of U.S.-made vehicles.
“Our recent exclusive reseller agreement with Optimal EV, and collaboration agreement with the JB Poindexter business unit, EAVX, will also begin to drive revenue growth in the new year. We look forward to continuing to deliver record-breaking financial results and sales of both our classic and new lines of breakthrough electric buses and trucks. I have never been more confident about the future and potential for long-term shareholder value creation at Vicinity Motor Corp.,” concluded Mr. Trainer.
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Company: Solarvest Bioenergy Inc. Listing : TSX Venture,Frankfurt Ticker: SVS.V , 0ZJ:FRA Market cap at time of publication: $9,96MCAD Stock price at time of publication: $0.18 CAD Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production Comparable peers: Else Nutrition market cap : 306 MCAD Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/
Vancouver, B.C. – TheNewswire – October 6th, 2021– Solarvest BioEnergy Inc. (“Solarvest”, or the “Company”) (TSXV:SVS), is pleased to report, that through its wholly owned subsidiary Eversea, the launch of a Chinese social media promotion program and the development of a line of products for distribution in the USA and through OrgHive in China. The products include the company’s proprietary organically produced and FDA NDI #861 approved Omega-3 as the foundation for the entire range of products. The four new blended powder products are Daily Omega, Stamina, Recovery and Vision. All are formulated to supplement the essential daily Omega-3 requirement with added functional organic ingredients. For example, Stamina includes ingredients that are known to dilate blood vessels, an effect that can lower blood pressure and increase exercise time to task failure. Recovery includes ingredients that, in addition to Omega-3, are known to reduce inflammation. The company will also launch its children’s organically certified dried fruit gummy in China. These products are ideal for the approximate 300 million Chinese middle-class consumers who are driven to imported and organically certified products. These products assuage their concerns about locally produced products and food due to soil contamination and overuse of agriculture chemicals.
Orghive uses Blockchain technology to give customers conformation that the certification “organic” have actually been approved by regulators – not counterfeit. In China, the misuse of the qualifying term “organic” has made consumers wary of the classification. This technology will allow them to purchase organic products with instant mobile verification knowing they have been properly approved by reputable organic certifiers. In North America some of the largest platforms do not protect consumers from any company using “organic” as their search terms for their Omega-3 products. The OrgHive platform goes a long way to correct this confidence deficit through blockchain technology for its customers.
ESG comment: Solarvest is conducting a series of strategic partnership and we think it’s very encouraging to see that they are working on their own product line as well with larger clients for bulk orders. We have previously written comments about the HIVE partnership which can be found here. We are eager to hear more from the company on what they think this partnership can bring in the form of revenues . The potential is clearly massive.A quick calculation by ESGFIRE shows that if Solarvest attracts ONLY 0.1 % of the customer base (23000 customers buying 12 bottles a year at 20 USD per bottle) could equal 5.5 million USD in annual sales.
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We own shares of these companies personally.
Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advice or recommendations of any kind to either buy or sell any stocks.
Companies may or may not be paying us for content posted on this blog.
