Month: December 2021

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $181 MCAD
Stock price at time of publication: $5,19 CAD ( reverse split price 1,8 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 $365 MCAD
Website: https://vicinitymotorcorp.com/

Our top pick in the electric vehicles sector Vicinity Motors corp have finally received some very encouraging analyst coverage.

On november 29th Catalyst equity research issued a report that gave Vicinity Motors a $15 CAD price target and the report can be viewed HERE.

Catalyst bases their price target on the following numbers:

2021E Revenues (mm) $53.0
2022E Revenues (mm) $138.0
2023E Revenues (mm) $510.2
2024E Revenues (mm) $860.0

Catalyst research puts a big emphasis on the large cooperations that Vicinity Motors has been clever enough to sign with retailers such as ABC companies, an exclusive reseller agreement with innoative company Optimal EV, and a collaboration agreement with the JB Poindexter business unit, EAVX, which will begin to drive revenue growth in 2022.

Catalyst come to this conclusion concerning EBITDA estimates
“EBITDA is forecast to increase to $50.0 million and $102.0 million in 2023 and 2024 respectively with the EBITDA margin increasing to the 12% level in 2024. Net income is forecast to increase to $32.0 million or $0.83 per share in 2023 and advance further in 2024 to $70.0 million or $1.82 per share”

In our own assumption based on Catalyst’s net income figures ESGFIRE calculates that by putting a 20 X multiple on Net income we could be looking at a market cap of $1400 MCAD in 2024 (up 744 % from todays level).

The second research report was issued on 2nd of December by Spartan Capital and can be viewed HERE. This report gave Vicinity Motor a price target of $25 USD or $ 32 CAD indicating a 600 % upside.

Sparta capital emphasis is on the Class 3 vehicle market for electric vehicles that Vicinity Motors have recently entered.
This qoute is from the actual report: “Its new VMC 1200 class 3 commercial cab and chassis vehicle is well suited for the commercial and municipal markets with Mitsubishi Fuso recently exiting the market. There is no other competing electric class 3 cabover vehicle on the market. Vicinity has partnered with JB Poindexter which makes a wide variety of truck bodies and has strong customer loyalty to make payload bodies for the VMC 1200”

Vicinity Motors new US factory in Washington which makes their vehicles buy america compliant is another great catalyst for Vicinity Motors according to Sparta Capital, They estimate production from this plant will begin in Q2 2022 and ramp rapidly in 2023.

Precisely like ESGFIRE has stated many times before Sparta Capital states that Vicinity Motors is trading at just 0.7 X the projected revenue (based on Sparta Capitals projections) for 2023 compared to 5,9 X for peer comparables. Sparta Capital also state that their estimates are conservative since they are below managements own guidance. Sparta Capital also thinks Vicinity Motors should be trading at a premium evaluation but is currently trading at a massive discount to comparable peers. Not only is Vicinity Motor undervalued by normal measures their products are also first in class and best value for money as can be seen in the report by Sparta Capital. Sparta Capital also highlights that Vicinity Motors should be highly favoured by the new infrastructure bill in the United states which will put 39.2 billion USD into Public transit and converting many old fossile vehicles into electric ones from suppliers that are buy america compliant just like Vicinity Motors!

Below is a picture of the peer evaluation comparables from Sparta Capital’s report:

ESGFIRE is very pleased to see that Vicinity Motors is finally getting the appreciation by analysts as is deserved. These two reports are the first but most likely not the last to come from analysts with a sharp sight for undervaled companies in the electric vehicles sector!

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: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 28,8 MCAD
Stock price at time of publication: $0.215 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn 
Website: https://newloxgold.com/

ESGFIRE comments: It’s very exciting to see that Newlox projects in Brazil are moving ahead according to plan. It looks like the company will have it’s third project commencing in Brazil in 2022. It’s also very encouraging to see that Newlox is intensifying their communications with shareholders and becoming more transparent with ongoing activities.

Press release available below in full:

Vancouver, BC, 8 December 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”)
(CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce that its planned
expansion into gold recovery in Brazil, comparable to its established operations in Costa Rica, has
advanced through initial due diligence and underlying legal organization.

The initiative has also been greatly enhanced by the news that the Research Center for Responsible
Mining of the Polytechnic School of the University of São Paulo (NAP.Mineração/USP) has received
expanded World Bank funding for its ASGM – Coexistence in Brazil Project being undertaken in
partnership with the Brazilian Cooperative Organization, various artisanal mining cooperatives, the
University of British Columbia, and Newlox Gold (Portuguese news release here).
Newlox Gold, as announced on June 16, 2021, has been working in partnership with
NAP.Mineração/USP, the centre for small-scale responsible mining at the University of São Paulo,
Brazil.

This centre supports dissemination of responsible mining practices to artisanal and small-scale
mining operations through applied research, training and education. The actions of NAP.Mineracao/USP
foster responsible and integrated management of mineral exploration, mine development, mining,
rehabilitation, governance, and sustainable development within the artisanal mining sector.
The objective is to “prepare miners for the long term by establishing safer and more efficient mining
models and disseminating mercury-free gold recovery techniques, practices and principles of health and
safety, ESG, economic management and gender equality”, commented Professor Giorgio De Tomi, the
director of NAP.Mineração/USP and Newlox Gold’s head of Brazilian Operations.

The fostering of partnerships between artisanal miners and private companies is a vital part of SGMCoexistence in Brazil initiative. Newlox Gold has been presented to the Brazilian artisanal sector as an
example of a company implementing mutually beneficial business models for improving the economic,
social, and environmental impacts of artisanal mining for all stakeholders. This is illustrated by Newlox
having developed successful partnerships with local miners in Costa Rica.
Two attractive artisanal mining projects in Brazil have emerged from the Company’s due-diligence work
over the fall. One of these provides a natural beachhead for Newlox Gold to expand into this vast and
exciting market. The Company is working with its local partners with whom it has established close
relationships. Newlox Gold looks forward to starting construction on its third project, and first in Brazil,
next year.

“Over the fall, we completed our initial due diligence work and identified a project in Brazil as an
obvious starting point in the country. Recently, several legal and regulatory prerequisites have been
successfully completed, allowing the Company to move into the final stages toward signing a definitive
agreement.”
“The Brazilian mining industry is several orders of magnitude larger than our operations in Costa Rica,
representing a massive opportunity for the growth of Newlox Gold,” commented CEO Ryan Jackson

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.

Best monthly performers
Desert Control + 25%
Leading Edge Materials + 15 %

Worst monthly performers
Newlox Gold – 35%
Solarvest Bioenergy – 33 %
Aurora solar technologies – 24%

Current positions with monthly performance for November 2021

ESGFIRE comment: This should be read and kept in mind while digesting this months portfolio update.

Absolicon – +-No change. Absolicon have signed in total 17 framework agreements and totals a sales pipeline exceeding $100 MUSD.

Aduro Clean Technologies – Down 18 % . Just like many other Canadian stocks its been a rough November for Aduro despite good news. They recently announced they have reached their first milestone and completed work for their third party validation which is now awaiting confirmation by their third party auditor. Analysis is coming shortly from ESGFIRE on Aduro.

Aurora Solar Technologies – Down 24 %. The market chose to interpret news during October as very negative. We make a different assessment as the latest validation showed that the software (Insight) is also being evaluated by a second manufacturer. There was a slight delay in the first evaluation which is calculated to being concluded during the current quarter which means before the end of 2021. Shpuld see Aurora return to old levels at 30-40 cents if they deliver as promised during December.

Char technologies – Down 13 %. Char has a sales pipeline of about 100 MUSD and it should become to materialize into sharp deals within a not too distant future.

Desert Control – Up 25 % The company gave an update on their big project in Abu Dhabi with Mawarid. The agreement was extended to include a bigger scope which could lead to larger revenues than initially was thought and is preparing for stage two. The company is gaining more and more news as fertilizer prices are exploding upwards and the need for alternative methods are being sourced globally.

Earthrenew –+- No change. Earthrenew recently released a new presentation deck where they project 28 million CAD in revenues for 2022, its currently sitting on a market cap of 15 million CAD. 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 – +- 0 % No change , This is now a waiting game to see progress with the domestic facility which we hope to hear more about soon.

Newlox Gold Ventures Corp – Down 35 %. Newlox released , what the market perceived , as a very dissapointing financial report which was caused by delays in production . What should be kept in mind is that the potential based on a full production year with their current projects alone the company could be looking at revenues of 39,8 MUSD (however cost deductions for both plants and royalties for plant 2 are not included in this.) The first processing plant is soon ramping up to full scale, and Boston will begin commercial operations in early 2022.

Lion E-mobility +-0 No change- The company impressed us with a HUGE order for 2022 that was 48 million euro in size, much larger than their current market cap. The current harsh climate for micro caps is clearly visible since the big order was not permanently reflected in a higher share price.

Vicinity Motor Corp – Down 5 %. The company recently received analyst coverage from Catalyst research and Spartan capital indicating 15-32 CAD as a price target constituting 350-750 % upside from current levels. Recently came out with a financial projection of revenues for 2022 amounting to 140 MCAD. New EV models and orders have been announced. This company should also benefit from the new biden infrastructure bill.

Solarvest BioEnergy – Down 33 % ,Solarvest is now valued at less than 7 MCAD , this is less than what we anticipate in annual sales for their latest product launch.

Biofrigas Option 1 –Down 15 % Biofrigas recently updated and stated their external customer validation should be done shortly. This should prove to be a great catalyst!

Leading Edge Materials Corp – Up 15 % – Should have some short term catalyst coming up within the next few months.

Hydrogenpro – Down 20 %. Unfortunately there was a false breakout of this stock on technical analysis which made our entry bad in timing. Conviction is high with this position as they aim to deliver hydrogen at a cost of 1,2 USD per kilo in 2022.



IPO positions:
We have a number of positions in unlisted companies which we anticipate will go public through initial public offerings within the next 6-12 months.

Evanesce packaging solutions
Website:
https://evanesce.com/
About:
As a sustainable technology innovator,Evansesce is revolutionizing sustainable packaging with 100% compostable and affordable plant-based solutions.
IPO time table:
Likely going public in the first quarter of 2022 on one of the Canadian stock exchanges.


ChargePanel
Website:
https://www.chargepanel.com/
About:
ChargePanel specializes in the management, operation and usage of Electric Vehicle Charge Points.
We provide adaptable solutions for charge point owners, resellers and organizations.
IPO time table:
Begins trading on 9th of December 2021 at one of the Swedish stock exchanges.

Ola Media
Website: https://www.olamedia.mx/
About:
OLA MEDIA is a network of interactive touch screens located exclusively in the backseat of Ubers. By leveraging innovative technologies and captivating spaces, they help brands create engaging experiences with a high value audience.
IPO time table:
Likely going public during the second quarter of 2022 at either Canadian exchanges or NASDAQ.

Legal Disclaimer

The stock price development above was calculated by taking the opening price at the first day of October and the closing price at the last day of October.

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: Absolicon
Ticker: $ABSL
LIST: Spotlight Sweden
MCAP: $39 MUSD (312 MSEK) at time of publication
Share price: 135 SEK = 18,45 USD at time of publication
Industry: solar thermal heating/ district heating
Market size: $223 billion$ by 2026

ESGFIRE comment: Absolicon with the new framework agreement announced today 7/12 now have 17 framework agreements in place (Out of these 17 framework agreements three have been signed in the last 2 months ). The total sales pipeline for non-reccurring revenues for Absolicon now totals $93 MUSD (850 MSEK) assuming all are finalized . The total license agreement fees for these framework agreements (if all are finalized) now totals$7,5 MUSD (68 MSEK) annually. There is also additional potential reccuring revenues in supply sales from patented components that can only be purchased from Absolicon by their framework agreement partners. The potential reccurring revenues now totals approximately $75 MUSD (680 MSEK)if all agreements are finalized . .ESGFIRE hopes to see Absolicon finalize one or more framework agreements within the next couple of months. We are very impressed with the development of Absolicon and it should only be a matter of time until we see the progress be reflected in the share price. This is now one of our largest positions and we think it is currently one of the best risk reward cases in our portfolio.

Legal Disclaimer

The stock price development above was calculated by taking the opening price at the first day of October and the closing price at the last day of October.

We own shares of this company 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: Aduro Clean Technologies
Listings: CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 95DO
Market cap at time of publication: 26.3 $ MCAD / 20.54 MUSD
Stock price at time of publication: $0.76 CAD / $0,59 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 today (2/12 2021) released much anticipated news that they have completed their work in support of their first milestone which is a part of the third party validation for validating the commercial scalability of their HTC technology. The details of this work have been summarized in a report and submitted for third-party evaluation. The release states “These results form the foundation for HCT scaleup to pilot plants, precommercial deployments, and and full-scale commercial systems.” ESGFIRE views it as extremely bullish that CTO of Aduro , Mark Trygstad,thinks the results of thecontinuous-flow R2 pre-pilot reactor are even more promising than anticipated. Furthermore CTO Marc Trygstad stated “This significantly strengthens our projections regarding lower operating costs in commercial applications, along with improved scoring on environmental factors, such as reduced emissions and energy consumption,”.

The implications of these promising results cannot be stressed enough since these results derisks the whole investment case of Aduro and it will be easier to attract both partners and clients with a fully validated technology which has already been proven to work in continous flow. As previously stated Aduro’s technology is expected to be able to process plastics types that today are not possible to recycle such as polyethylene and polypropylene. ESGFIRE looks forward to hearing more positive news from the company !

Full press release available below:

SARNIA, ON / ACCESSWIRE / December 2, 2021 / Aduro Clean Technologies Inc. (“Aduro“, or the “Company“) (CSE:ACT)(OTCQB:ACTHF)(FSE:9D50), is a Canadian developer of patented water-based technologies to chemically recycle plastics, and to transform heavy crude and renewable oils into new-era resources and higher-value fuels.

Aduro is pleased to announce that the Company’s scientists have completed their work in support of the First Milestone as set out in the Share Exchange Agreement dated October 22, 2021, and as amended in the Share Exchange Agreement. The details of this work have been summarized in a report and submitted for third-party evaluation.

The independent third-party evaluator named in the Share Exchange Agreement is Dr. Paul Charpentier, who will shortly report on his findings. His role is to:

1. Examine the methodology used by the Aduro scientists and the results obtained in view of the objectives defined in the Share Exchange Agreement, and then
2. Certify if those objectives were met.

The results of the completed work of the First Milestone demonstrates that the patented Aduro Hydrochemolytic™ technology (HCT), developed and proven by Aduro in small batch R1 reactors, is viable for use in the types of continuous-flow reactors commonly used in commercial applications. In this case, HCT was applied to improve the properties of bitumen, but the technology has other important applications. For the demonstration, bitumen feedstock with an “API gravity” (density) of 14.6 ºAPI was upgraded to lighter petroleum with a density of 19.1 ºAPI. (Higher ºAPI values mean lower density and higher market value.)

“Results achieved with the continuous-flow R2 pre-pilot reactor exceeded expectations. Compared to batch mode, it delivered equivalent upgrading results more quickly and at lower temperatures, and with lower catalyst loading,” says Marc Trygstad, CTO of Aduro. “We had already proven HCT in small-scale R1 batch reactors, but the efficiency of HCT in R2 increased by a factor far greater than 10. This significantly strengthens our projections regarding lower operating costs in commercial applications, along with improved scoring on environmental factors, such as reduced emissions and energy consumption,” adds Trygstad.

These results form the foundation for HCT scaleup to pilot plants, precommercial deployments, and full-scale commercial systems. They also create the context required for Aduro to further optimize its processes, and to engage potential partners and customers through demonstration projects. For example, the R2-scale work on bitumen supports the next-phase design of the pilot-scale R3 reactor system to process barrels-per-day of bitumen, which was begun in June 2021. Furthermore, lessons learned from bitumen processing are also being applied to accelerate design of an R2-scale demonstration system optimized for upcycling of plastics, like polyethylene and polypropylene.

“My thanks to the Aduro technology team for supporting this critical milestone and exceeding our expectations. Having delivered on this key commitment to our investors, the knowledge gained allows us to now advance and accelerate our efforts on the next phase, which is the pilot-scale demonstration of HCT,” says Ofer Vicus, CEO of Aduro.

About Dr. Charpentier

Dr. Paul Charpentier is a Professor of Chemical & Biochemical Engineering at Western University in London, Ontario, where he has served as a faculty member for over 20 years. He holds a Master of Science degree in Polymer Chemistry from the University of Waterloo, and a PhD degree in Chemical Engineering from McMaster University.

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.

Legal Disclaimer

We own shares of this company 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 website.

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $6.64 MCAD
Stock price at time of publication: $0.12 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/

ESGFIRE comment: Less than 2 months ago Solarvest announced they would be launching products in Asia and the United states through their partner OrgHive which have 23 million users online they have now announced that their products have been launched on OrgHive’s e-commerce platform for customers in Southeast Asia. Details about the partnership have been described before. Solarvest describes the launch as follows ” The OrgHive/Eversea site has also been translated to Chinese for the convenience of OrgHive’s 23 million unique organic-oriented customers.  Customers in China can now access detailed information on the world’s first organic certified DHA product along with the chemical-free, clean label messaging. The e-commerce portal has also been configured and implemented. “

The press release states further” In addition, OrgHive and Eversea have developed a messaging program to promote/educate customers, on popular Chinese social media platforms, about the advantages of organic certified algae Omega-3. Fish oil is an established category and until now there has been no alternative that provides the assurance of product(s) that avoid environmental contamination and industrial chemical processing. The messages are designed to promote organic algae as a superior source of Omega-3, the importance of Omega-3 for brain health/growth, and general education on the types of Omega-3 with emphasis on the superior nature of long-chain Omega-3 (e.g. ALA vs. DHA). “

The sales potential on the OrghHive platform is clearly massive. A previous calculation by ESGFIRE has shown that if Solarvest attracts ONLY 0.1 % of the customer base (23000 customers buying 12 bottles a year at 20 USD per bottle) this could equal 5.5 million USD in annual sales.The company has clearly been working fast in order to get this product launch going as fast as possible and it will be very exciting to follow the progress which could have immense implications for the evaluation of Solarvest which is currently sitting on a market cap of just 6.64 MCAD!

Link to website:  https://eversea.orghive.com/

About OrgHive

The OrgHive organic community has garnered 23 million unique users since inception last year. They provide organic related content to consumers online and have developed a blockchain-based verification system for organic products that are purchased throughout mainland China. Furthermore, the platform developed by OrgHive will reach organic consumers beyond China, including those located in other parts of Asia. There are no commercial or regulatory barriers for Ever-sea to sell its products to Chinese consumers through OrgHive’s online platform.

 OrgHive will promote Eversea’s algae-based, certified organic Omega-3 DHA, the first of its kind in the world, to millions of its registered subscribers. OrgHive will be responsible for logistics, fulfillment and all digital marketing activities, including social media.

About Solarvest

Solarvest BioEnergy Inc. is an algae biologics company whose production platform provides it with an extremely flexible system capable of producing numerous products from Omega 3 fatty acids to human therapeutic proteins. The Company has successfully developed, patented and produced the world’s only plant-based organic certified Omega-3 to satisfy the substantial demand for this essential nutrient.  The Company has also initiated a program for the expression of CBD and THC to be produced in GMP fermentation facilities.

Legal Disclaimer

We own shares of this company 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 website.

Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 33 MCAD
Stock price at time of publication: $0.25 CAD

Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn 
Website: https://newloxgold.com/

ESGFIRE comment: Newlox Gold today gave a welcomed update on their latest financials. There was alot of turbulence in their stock yesterday (nov 30th) due to lacking explanation of their revenues that were a lot lower than anticipated. The company states they have had supply issues with reagent and also some construction issues for the boston plant. The company however seems confident that they soon will be up to full production at plant 1 with 6500 ounces of gold being extracted per year (this equals revenues before any cost deductions of $11,6 MUSD).
The cash cost target is approximately $600 per ounce, and the all-in cost target is sub $700 per ounce, including royalties.

For the Boston plant management expects to process 150 tonnes per day with a feed grade of +- 15 grams per tonne gold with an anticipated gold recovery of 90%. Newlox Gold expects to recover approximately 20,000 ounces of gold per year from the Boston Project. The revenues for the Boston project (before any cost deductions or royalty fees) could be as high as 28,2 million USD per year ; assuming 150 tonnes per day and 15 grams per tonne equalling 2250 grams / 72 oz per day and 200 days of productions per year (conservative estimate) .To give you as a reader an idea of the revenue potential based on a full production year with these projects alone the company could be looking at revenues .of 39,8 MUSD (however cost deductions for both plants and royalties for plant 2 are not included in this.) The first processing plant is soon ramping up to full scale, and Boston will begin commercial operations in early 2022.

Full press release below:

Vancouver, BC – TheNewswire – 1 December 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CNSX:LUX.CN) (Frankfurt/Stuttgart:NGO) (OTC:NWLXF) is pleased to announce it has filed its quarterly unaudited financial statements and management discussion and analysis on SEDAR (www.sedar.com), and to provide an update on operations.

During the period, the Company has been ramping-up operations at its first ESG-focused artisanal tailings remediation and precious metals recovery plant (Plant 1) while also undertaking the construction of its second processing plant, the Boston Project. Newlox Gold is pleased with progress at both projects and is in a strong cash position with growing quarterly earnings.

At Plant 1, revenues have increased each month in 2021 as throughput and productivity continue to advance towards the Company’s goals. However, growing monthly productivity has not accelerated as quickly as management intended. Slower than targeted growth has primarily resulted from supply chain interruptions, which have not allowed the operations team to fully implement operational circuit adjustments inherent to the ramp-up process as quickly as would usually be possible.

The processing plant has operated at a throughput level as high as 50 tonnes per day, representing a significant increase from previous operations. However, the processing plant’s efficiency decreased at that level of throughout, requiring some adjustments to the milling procedure and changes to reagent types.

After considerable analysis, the Company’s engineers have developed new procedures to maintain efficiency at higher levels of throughput, but the availability of the necessary supplies has slowed implementation. Typical reagent suppliers in Asia have not adequately supplied the domestic market in Central America. The Company has now successfully found alternate sources of the required reagents in South America.

Although throughput growth at Plant 1 has progressed slower than expected, the operations team has made consistent monthly progress this year and operations management remain confident they will achieve the Company’s goals. Plant 1 will process 80 tonnes per day of artisanal tailings feedstock at base-case full-scale, with gold recovery expected to exceed 6,500 ounces per year.

At the Boston Project, the Company has navigated the hurdles of the pandemic and the associated global supply chain disruptions to procure the crushing infrastructure, conveyor systems, and a large ball mill. Construction activities have accelerated since the end of the wet season in November, and Company’s construction contractors anticipate project completion at approximately the end of the year.

Newlox plans to operate the new Boston mill at 150 tonnes per day with a feed grade of +- 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 Boston Project is expected to significantly contribute to the Company’s growing productivity in 2022.

In Brazil, the Company continues to make progress on its planned expansion following the successful application of recovery and rehabilitation procedures in Costa Rica. Further information on Newlox Gold’s regional growth strategy will be provided in upcoming news releases.

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: ChargePanel
Ticker: $CHARGE
Website:https://www.chargepanel.com/
Industry:
ChargePanel specializes in the management, operation and usage of Electric Vehicle Charge Points.
We provide adaptable solutions for charge point owners, resellers and organizations.
Pre money valuation: 7,78 MUSD or 71 MSEK
IPO offering size: 2,73 MUSD or 24,9 MSEK
IPO signup period: 16-30th of November.
IPO date: The first trading day is anticipated to be 9th of december 2021 at First North
Prospectus: https://www.chargepanel.com/sv/ir/detaljer-ipo/
IPO price: 0,65 USD or 5,9 SEK
Target price: Analyst group has put a (what ESGFIRE thinks is a conservative) target price of 0.94 – 1,13 USD or 8,5-10.2 SEK in a Base / bull Scenario.

ESG Comments: Chargepanel today announces that they have received an interest of 365 % for their IPO financing. This constitutes subscription of 10,11 MUSD / 91.25 million SEK of the 2,77 MUSD / 25 Million sek IPO. The company will be getting approximately 1100 new shareholders through the IPO. CEO of Chargepanel Jan Berggren commented “I am very happy and grateful for the big interest in our company and that we will be getting approximately 1100 new shareholders in Chargepanel. We look forward with joy towards an exciting future!”

We have previously written an analysis explaining why we are signing up for this IPO and we will also be buying shares on the day of the IPO despite possibly higher evaluation with this in mind. The first trading day will be 9th of december on Nasdaq First North.

Legal Disclaimer

We may on the date of the IPO own shares of this company 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.