Why we are participating in the current private placement for Envirometal!

Company: Envirometal Technologies Inc
Listings : Canadian Securities Exchange, Frankfurt, US OTCQX
Tickers: ETI, FSE: N72, EVLLF
Market cap at time of publication: $25 MCAD
Stock price at time of publication: $0.265 CAD
Business: Environmentally friendly and socially responsible gold extraction
Market Size: US$180bn 
Website:https://envirometal.com/

ESGFIRE is adding Envirometal to our portfolio and what better way to enter a new investment than with a discount on the current share price and additional warrants? The current private placement offers investors one common share priced at 0.25 CAD and one full warrant valid for 2 years at 0,50 CAD. There will also be an extensive analysis of Envirometal posted within the coming month.

So why are we adding Envirometal to the ESGFIRE portfolio? The answer is simple: Envirometal has developed an own patented gold recovery technology that’s cost-effective, environmentally friendly and a superior alternative to cyanide, mercury, and smelting. This patented solution is a sustainable solution to precious metals extraction that could truly make a great enviromental impact! The solution also has very low water consumption and will be a very welcomed tool for gold miners to meet ever increasing ESG goals worldwide.

Envirometal has a high-margin licensing revenue model for the gold Mining industry and a blended revenue model for E-Waste
which include both licensing and Company owned PCBA processing facilities. This mixed business model will allow Envirometal to expand fast with low CAPEX requirements. Envirometal has invested over $30 million CAD developing their technology during the latest 4 years and considering the company is valued at just $25 MCAD we find the risk reward extremely attractive at current levels. As Envirometal state themselves “During development, thousands of lab-scale tests, and numerous bulkscale tests were conducted on a variety of materials including, hundreds of gold ore samples, gold concentrates and PCBAs. Thousands of ounces of “green” gold were produced during testing conducted for some of the largest players in the gold mining industry.”

Looking at the projected financials Envirometal expects revenues of approximately $4-$6 MCAD for 2022 and $27 MCAD for 2023. For 2024 and 2025 the expectations are $95 MCAD and $100 MCAD. This is a very agressive growth plan which we will be sure to closely follow the progress of! Stay tuned for our upcoming extensive analysis of this new ESGFIRE addition.

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We plan to subscribe for shares of this company personally in the current private placement.

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.







HydrogenPro signs MoU with L&T for Manufacturing Hydrogen Electrolysers in India

Company: Hydrogenpro
Ticker: HYPRO
Listings: Norway
Industry: Green Hydrogen and electrolyzer
Share price: 12 NOK at time of publication
Market cap:  694 MNOK
Comparable peers: Green hydrogen systems, Next hydrogen, Aker Clean hydrogen

ESGFIRE comment: We are pleased to see that our top pick in the hydrogen sector is advancing their global presence , this time in india which has a great market potential ! Green Hydrogen demand in India is estimated to grow up to 2 MMTPA by 2030 in line with the nation’s Green Hydrogen Mission, which would call for investments upward of $60 billion. We are fully aware that the stock performance for Hydrogenpro has been very rough lately, and the same goes for it’s other hydrogen peers. We have taken every chance to average down on Hydrogenpro stock lately since we think it has great long term potential. Out of the market cap of ~700 MNOK approximately 400 MNOK is cash. Therefore the actual enterprise value of Hydrogenpro is extremely low at the moment which gives an even bigger upside if they can meet their financial goals.

HydrogenPro AS (OSE: HYPRO) today announced that it has entered into a memorandum of understanding (MoU) with Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, for a partnership to tap the emerging Green Hydrogen market.

Under this agreement, L&T and HydrogenPro will jointly work towards setting up of a joint venture in India for Gigawatt-scale manufacturing of Alkaline Water Electrolysers based on HydrogenPro technology for Indian market and other select geographies. The proposed joint venture in India is in line with L&T’s strategic vision to be present across the green energy value chain and HydrogenPro’s strategy of establishing a global manufacturing footprint to maintain cost leadership and ensure local presence.

Commenting on the occasion, Mr. S N Subrahmanyan, CEO & MD, L&T said, “The energy industry is undergoing a tectonic shift with Green Hydrogen emerging as a key fuel in the future energy basket. We are delighted to have signed this MoUwith HydrogenPro. This will be a win-win partnership given our extensive relationship across the energy industry, deep EPC experience in this sector and successful ongoing collaborations with many MNCs and HydrogenPro’s focus to stay ahead of the curve as far as technology leadership is concerned”.

“We’re extremely pleased to enter this Memorandum of Understanding with L&T, an E&C powerhouse which is the perfect partner to establish HydrogenPro in the Indian market, a huge and growing energy market with tremendous potential for hydrogen-based solutions,” said Mr. Elling Nygaard, CEO of HydrogenPro.

“We are looking forward to this exciting journey and make this partnership work for creating sustainable infrastructure for the future. The Green Hydrogen industry is at a nascent stage with an immense potential to offer great opportunities. This partnership is a right step in creating clean, green and sustainable future,” said Mr. Subramanian Sarma, Whole Time Director (Energy), L&T. India has made the world’s largest expansion plan for renewable energy transition, with a target of 175GW of renewables by 2022 and 500 GW by 2030.

India is well suited for Green Hydrogen production due to the low generation costs of renewable electricity from abundantly available solar PV and wind power sources. The country aims to be among the world’s largest Green Hydrogen hubs and has plan for using the same across the sectors. It can also provide India the energy security by reducing the ever-increasing energy import bill and a pathway to green alternative for “hard-to-abate” industries, like refineries, fertilisers, steel, and transport.

Green Hydrogen demand in India is estimated to grow up to 2 MMTPA by 2030 in line with the nation’s Green Hydrogen Mission, which would call for investments upward of $60 billion.

About HydrogenPro:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001, ISO 45001 and ISO 14001 certified.
The Company was founded in 2013 by individuals with background from the electrolysis industry, which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.
Our core product is the alkaline high-pressure electrolyser. With the new electrode technology, they are able to increase the efficiency of each unit by 14% to reach 93% of the theoretical maximum. This is a significant step forward as the cost of electric power, depending on market prices, amounts to 70-90% of the cost of producing hydrogen, the value of such increased efficiency equals approximately the investment cost for the entire plant in a Total Cost of Operation perspective. The Company is targeting a production cost for green hydrogen of USD 1.2 per kg in 2022.

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 blog.

ESGFIRE portfolio company Char Technologies announces New Biocarbon & Renewable Natural Gas Project

Company: Char Technologies Ltd
Listing: TSX Venture, US OTC
Tickers: $YES.V / $CTRNF
Market cap: 42 MCAD at time of publication
Share price: 0.60 CAD at time of publication
Website: https://www.chartechnologies.com/
Comparable peers:
Xebec, $XBC Market cap $297 MCAD
Greenlane renewables, $GRN, Mcap $165 MCAD

ESGFIRE comment: We are delighted to see this new facility being announced by Char Technologies. We estimate the revenue output once fully operational to be $7,5 MCAD per year and the OPEX based on previous information to be around $15 MCAD in total.

TORONTO, Jan. 26, 2022 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR” or “Company”) (YES – TSXV) announces that CHAR will deploy, own and operate a high temperature pyrolysis system (“HTP”) located adjacent to a biomass power plant on land that has been reserved for CHAR by the City of Saint-Félicien, Quebec. The facility will produce approximately 5,000 tonnes per year of biocarbon and 250,000 GJ/yr of renewable natural gas (“RNG”), for which CHAR has received a letter of interest from the local natural gas utility. The project will be phased, producing biocarbon for metallurgical and carbon credit generation first, to allow for a more rapid deployment and shorter time to initial revenue.

The CHAR facility will leverage the existing biomass handling and processing equipment operated for the “Centre de Valorisation de la Biomasse du Domaine-du-Roy” (“CVB”) in Saint-Félicien, Québec, which allows for significant overall project capital savings. The CVB is a public-private consortium between the local municipality (the MRC du Domaine-du-Roy), the Société de Cogénération de Saint-Félicien (SCSF, owned by Greenleaf Power) and CharTech Solutions (CHAR’s 100% wholly-owned subsidiary). The CVB has been identified by regional political and economic stakeholders as a priority for the development of the forest sector in the region and in Québec. This circular economy project is part of the development orientations of the Government of Québec aimed, among other things, at reducing greenhouse gases and recovering thermal waste.

Andrew White, CEO of CHAR states; “We are excited to join the collaborative and forward-looking MRC du Domaine-du-Roy through the CVB to deploy CharTech Solutions’ leading HTP system in Québec and help position the Saguenay-Lac-Saint-Jean region as a leader in advanced biomass processes.”

“We are very enthusiastic about the arrival of CharTech Solutions in Saint-Félicien, since this allows us to take an important step in the development of the biomass recovery project,” mentions Mr. Dino Mili of the SCSF.

“The expertise of CharTech Solutions gives an additional path to the project, in addition to consolidating our desire to become pioneers in the development of this sector in Quebec,” adds the prefect of the MRC du Domaine-du-Roy, Mr. Yanick Baillargeon.

About CHAR

CHAR Technologies Ltd. is a cleantech development and services company, specializing in organic waste pyrolysis and biocarbon development, custom equipment for industrial air and water treatment, and providing services in environmental management, site investigation and remediation, engineering, environmental compliance and resource efficiency.

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 website.

Vicinity Motor Corp. Appoints MarketSmart Communications to Provide Canadian Investor Relations Services

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $137 MCAD
Stock price at time of publication: $3.90 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 $144 MCAD
Website: https://vicinitymotorcorp.com/

VANCOUVER, BC – January 26, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced it has entered into an investor relations agreement with MarketSmart Communications Inc. pursuant to which MarketSmart will provide Canadian investor relations (IR) services to Vicinity.

“Our 2022 near-term commercial electric vehicle sales momentum is accelerating, and we are looking forward to working with MarketSmart to help share our progress with forward-thinking investors throughout Canada,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “MarketSmart is a leading Canadian IR firm specializing in results-driven corporate communication services and outreach, and we look forward to working with the MarketSmart team to inform and engage with our Canadian shareholders and prospective investors.”

Adrian Sydenham, President and a Director of MarketSmart Communications, stated: “Vicinity is the dominant Canadian supplier in the mid-sized heavy duty bus market – having received numerous awards and accolades for its products. Over the last year, the Company has transitioned its strong product development and marketing platform to collaborate with world-class partners to expand its EV product lines into exciting new market segments.

“Commercial EV adoption is set to increase as manufacturers offer increasingly competitive products and governments implement stricter policies, increase charging infrastructure and offer incentives. Vicinity’s C$140 million 2022 revenue guidance and expanding lineup of commercial EVs, combined with growing manufacturing capacity and distribution, is an exciting story to share with the investment community,” concluded Sydenham.

The IR agreement is for an initial term of twelve months commencing on January 25, 2022, with an option for renewal. Either party may terminate the agreement for any reason, with or without cause, on 30-days written notice to the other. Pursuant to the IR agreement, MarketSmart will be paid a fee of $7,000 per month, plus applicable taxes. The IR agreement is subject to the approval of the TSX Venture Exchange.

About Vicinity Motor Corp.

Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its proprietary electric chassis alongside J.B. Poindexter business unit EAVX, the Company’s strategic partner, for upfitting into next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.

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 website.

ESGFIRE portfolio company Earthrenew reports $15,1 MCAD revenues for 2021 and projects $25 MCAD revenues for 2022!

Company: Earthrenew
Listings: CSE Canada , Frankfurt and US OTC
Tickers: ERTH / VVIVF / WIMN
Market cap at time of publication: $17MCAD
Stock price at time of publication: $0.18 CAD
Business: Regenerative agriculture
Website: https://www.earthrenew.ca/

ESGFIRE comment: We are very impressed with the development of revenues for Earthrenew that shows a tripple digit growth during 2021. We are also very encouraged to see that the company projects a growth of 71 % to over 25 MCAD in revenues for 2022. This remains one of our biggest holdings and trading at a P/S multiple of 0,6 for 2022 guidance we think there is a big upside for Earthrenew.

CALGARY, Alberta, Jan. 25, 2022 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) (“EarthRenew” or the “Company”), along with its wholly owned subsidiary, Replenish Nutrients Ltd. (“Replenish”), is reporting revenue for January to December 2021 of $14 million, up 106% or $7.2 million from the same period in 2020. Since the closing of the acquisition on May 1, 2021, Replenish Nutrients reports $11.1 million in revenue. EarthRenew is also reporting 2021 revenue from power generation of $1.1 million surpassing 2020 power revenue of $0.4 million.

On a consolidated basis, the total combined revenue of EarthRenew and Replenish for period of January to December 2021 was $15.1 million. Consolidated results since closing of the acquisition of Replenish on May 1, 2021 is $12.2 million in revenue. On this basis, EarthRenew is anticipating positive earnings from operations results for Q4, 2021.

With the revenue leap coming almost exclusively from Replenish sales, the Company is focused on driving uptake within the regenerative fertilizer market, leaning into the Replenish business. CEO Keith Driver commented, “We are pleased to see the year-over-year growth in revenue from the sale of regenerative fertilizer on track, as predicted.  At the same time, we are close to commissioning Replenish’s expanded Beiseker facility, growing our granulated production capacity to 20,000 tonnes from 4,000 tonnes.”  

With the commissioning, EarthRenew is forecasting growth in revenues from fertilizer to be in excess of $24 million for 2022 (71% growth). This growth in sales will largely be a result of the additional production capacity for granulated fertilizers coming online at the production facility in Beiseker, Alberta, as well as some efficiencies in the blended fertilizer business.

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 website.

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $127 MCAD
Stock price at time of publication: $3.63 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 $144 MCAD
Website: https://vicinitymotorcorp.com/

VANCOUVER, BC – January 24, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that management will participate in the upcoming investor conferences listed below.

William Trainer, Chief Executive Officer, and John LaGourgue, Vice President of Corporate Development, will participate in virtual & in-person one-on-one meetings throughout the day at each conference, and are scheduled to present at the Winter Wonderland Best Ideas & Canaccord Genuity Carbon & Energy Transition conferences as follows:

Winter Wonderland Best Ideas Conference

Date: Wednesday, February 9th, 2022

Presentation Time: 2:00 PM ET

Location: Virtual

Registration: https://microcaprodeo.com/

Stifel 2022 Transportation & Logistics Conference

Date: Tuesday & Wednesday, February 8-9th, 2022

Location: Virtual

Canaccord Genuity Carbon & Energy Transition Conference

Date: Wednesday, February 9th, 2022

Time: Panel #2 – 7:00 AM PT / 10:00 AM ET

Location: Virtual

A live audio webcast and archive of the Winter Wonderland Best Ideas Conference presentation will be available using the registration link above. For more information on how to register, or to schedule a meeting with management, please contact your conference representative.  

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 website.

Newlox Gold Appoints Corporate Secretary

Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 28 MCAD
Stock price at time of publication: $0.205 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn 
Website: https://newloxgold.com/

Vancouver, BC, 24 January 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX  Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce the appointment of Ms. Frances Petryshen as Corporate Secretary.

Ms. Petryshen has been providing corporate secretarial services to reporting issuers for over 30 years, using her experience to provide effective and practical solutions to continuous disclosure and governance requirements. She has held roles as Director, Corporate Secretary, Compliance Officer and CFO, for a number of entities’ throughout her career.

Currently, Ms. Petryshen provides compliance and corporate secretarial and compliance consulting services to several companies, private, CSE, TSX and TSX-V issuers. Most recently, she was Corporate Secretary for Balmoral Resources Ltd. until acquired by Wallbridge Mining Limited in May 2020.

Ms. Petryshen is a Chartered Secretary, Accredited Director (Acc.Dir.) and a Fellow with the Chartered Governance Institute of Canada (FCG) where she had served as a Director of the British Columbia Branch of the Institute for over 10 years.

A Message from Ryan Jackson, President & CEO:

“We are delighted to welcome Frances to the Newlox Gold team. She brings a tremendous level of experience in the role of Corporate Secretary, elevating the Company’s corporate governance capabilities.

The addition of Frances to Newlox Gold’s corporate team, and the recently announced appointment of Wilmer Ñiquen as VP of Operations, add depth to the Company’s management capabilities and will support our growth plans in 2022 and beyond.”

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.

Aduro Announces Achievement of First Milestone After Receiving Independent Validation of Hydrochemolytic Chemical Conversion Technology



Company: Aduro Clean Technologies
Listings: CSE, OCTQB, FSE
Tickers: ACT, ACTHF, 95DO
Market cap at time of publication: 27$ MCAD / 22 MUSD
Stock price at time of publication: $0.79 CAD / $0,63 USD
Business: Plastic recycling, bitumen upgrading, Renewable diesel & Aviation fuel
Website: https://adurocleantech.com/
Comparable Peer evaluations:
Purecycle 896 MUSD
Clean Energy fuels 1,3 BUSD
Agilyx  326 MUSD


ESG comment: Much awaited news came today (20/1 2022) that Aduro Clean technologies have completed their third party validation conducted by an independent party and showed very promising results. This milestone achievement further derisks the investment case and its now likely that the path to commercial stage will continue to progress at a fast pace. Aduro is one of ESGFIRE top picks in the ESG sector and one of our biggest positions.

Commercialization plans advance with third-party confirmation of major milestone achievement.

SARNIA, ON / ACCESSWIRE / January 20, 2022 / Aduro Clean Technologies, Inc. (“Aduro” or the “Company“) (CSE:ACT)(OTCQB:ACTHF)(FSE:9D50), 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, is pleased to announce the achievement of the first milestone under the securities exchange agreement dated October 22, 2021, as amended (the “Securities Exchange Agreement“) (the “First Milestone“) and the receipt of the third party report following the successful review and independent validation of its patented chemical conversion technology by Dr. Paul Charpentier, an expert in chemistry and alternative energy applications.

The objective of the review and independent validation was to confirm that Alberta bitumen, flowing continuously through the R2 reactor, was upgraded to lighter crude compared to the feedstock. More specifically, Aduro Hydrochemolytic™ chemical conversion technology (HCT) was applied to improve the properties of bitumen feedstock with an “API gravity” (density) of 14.6 ºAPI, upgrading it to lighter petroleum with a density of 19.5 ºAPI. Higher ºAPI values mean lower density and higher market value.

“Aduro was able to demonstrate upgrading of Bitumen on a flow-through reactor in a controlled laboratory environment and therefore meet the objectives of the First Milestone” said Dr. Paul Charpentier.

Management believes these results further validate that the patented 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. The main benefits of HCT, when applied to bitumen, include partial upgrading of bitumen that improves viscosity, density, and market value, while reducing capital costs.

“Third-party evaluation increases confidence that our projections regarding lower operating costs and lower energy consumption in commercial applications are technically grounded” said Marc Trygstad, Chief Technology Officer of Aduro.

The results of the work completed by Aduro and evaluated by Dr. Charpentier support continuation of work to establish the foundation for HCT scaleup to pilot plants, precommercial deployments, and full-scale commercial systems, while creating opportunities for Aduro to continue engagement of potential partners and customers through demonstration projects.

The R2-scale work on bitumen supports the next-phase design and development of the pilot-scale R3 reactor system to process barrels-per-day of bitumen. R3 reactor design work started in June 2021 and continues to proceed at a rapid pace. Furthermore, lessons learned from bitumen processing are also being applied to accelerate the design of an R2-scale demonstration system optimized for upcycling of plastics, such as polyethylene and polypropylene.

“My thanks to Dr. Paul Charpentier for his efforts to evaluate our work, and my highest appreciation to the Aduro technology team for their tireless efforts enabling completion of this milestone. We are moving forward and growing our team, focusing our attention on pilot plants and customer demonstrations, and continuing acceleration of our commercialisation efforts,” said Ofer Vicus, Chief Executive Officer of Aduro.

The completion of independent validation also marks the achievement of the First Milestone. On the receipt of the Third-Party Report, 13,333,328 Class A special warrants held by the special warrants trustee are deemed to be distributed in accordance with the Securities Exchange Agreement and are automatically converted on a one-for-one basis into common shares of the Company for no additional consideration and will be distributed to the former security holders of Aduro Energy Inc.

Furthermore, 13,333,328 Class B special warrants also held by the special warrants trustee will be distributed in accordance with the terms of the Securities Exchange Agreement and will only be converted when the second milestone is achieved, at which point the warrants will be convertible into common shares for no additional consideration on a one-for-one basis. 10,492,321 of the common shares issued on the conversion of Class A special warrants and 11,414,864 of the Class B special warrants will be distributed to Company insiders.

Vicinity Motor Corp. Receives $14 Million Order for VMC 1200 EV Trucks from Pioneer Auto Group

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $138 MCAD
Stock price at time of publication: $3.96 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 $204 MCAD
Website: https://vicinitymotorcorp.com/

ESG comment: Today (19/1 2022) came yet another order large order announced from Vicinity Motors! The orders are flowing and we are very happy about the development for the company’s order intake! News in full below!

Pioneer Auto Group to Act as Vicinity’s Exclusive Dealer in British Columbia

VANCOUVER, BC – January 19, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has secured a CAD $14 million order from Pioneer Auto Group (“Pioneer”), a leading retail automotive dealer in British Columbia, for 100 VMC 1200 Class 3 electric trucks. The Pioneer Group has been appointed to act as VMC’s exclusive dealer in the province of British Columbia – this follows a previous letter of intent.

Pioneer is a well-respected Canadian dealership group with 17 locations located chiefly throughout British Columbia, Canada. The company retails over 6,000 vehicles per year and carries over 1,500 vehicles in its network including Mitsubishi, Honda, Chrysler, Dodge, Jeep and RAM models. The VMC 1200 trucks should start arriving to Pioneer in the second quarter of 2022.

“We are pleased to announce this order with Pioneer Auto Group, our exclusive dealer in the province,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “Given their significant presence across British Columbia and strong brand recognition in the region, we believe they are an ideal retailer for a practical vehicle such as our all-electric VMC 1200.

“The VMC 1200 has proven extremely popular – I have seen significant preliminary interest for hundreds of additional VMC 1200 vehicles. This impressive indicative demand from our continent-wide dealer network positions us well to continue an exciting sales cadence throughout 2022. The first VMC 1200 trucks will be delivered from our Canadian operations and then manufacturing will shift to our new Washington state facility that is scheduled to come online late in the second quarter of 2022,” concluded Trainer.

Ray Van Empel, President and CEO of Pioneer Auto Group, added: “As a leader in British Columbia, we eagerly await the first shipment of VMC 1200 vehicles in the early second quarter of 2022. I believe that VMC’s brand reputation positions this product line for success across our portfolio of dealerships province-wide.”

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 website.

Newlox Appoints UN Renowned Gold Recovery Specialist as VP of Operations

Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt, US OTC
Tickers: LUX , NGO, NWLXF
Market cap at time of publication: $ 36 MCAD
Stock price at time of publication: $0.26 CAD
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn 
Website: https://newloxgold.com/

ESGFIRE comment: The new recuitment of Mr Wilmer Niquen brings a ton of experience from metallurgical engineering and production facilities. This recruitment bodes well for the ongoing production increase in Plant 1, the second project in Costa Rica and will also play an instrumental part in the expansion for the Brazilian market! The company states “Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To resolve the availability of supplies, the Company sourced the necessary materials in December of 2021. Newlox has ordered the supplies from multiple sources, with some of the required reagents already
delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox
Gold’s operations.
Another valuable pick of todays release was the following ” Operations management are
confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year. Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to recover over 20,000 ounces of gold per year at full scale.
This means that only for Plant 1 based6500 ounces of gold per year would be facing revenues of ~11,6 million USD per year.

Vancouver, BC, 13 January 2022 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”)
(CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce the appointment of
Wilmer Ñiquen as VP of Operations for the Company. Mr. Ñiquen became operational lead engineer at
the Company’s first environmentally and socially responsible gold recovery plant (Plant 1) at the end of
2021 . Additionally, he oversees the construction of the Company’s second processing plant in Costa Rica,
the Boston project, and will be instrumental in Newlox’s planned expansion into the Brazilian market.
Wilmer Ñiquen brings over 24 years of experience as a metallurgical engineer who has successfully built,
optimized, and operated numerous precious metals production facilities in Peru, Ecuador, Colombia, and
Brazil. His specialties include gravimetric ore concentration, flotation, chemical leaching, carbon elution,
Merrill–Crowe recovery, smelting, refining, as well as wastewater and tailings management.
Mr. Ñiquen has been recognized by the United Nations Industrial Development Organization (UNIDO) as
an International Expert in Mineral Beneficiation following work undertaken in Colombia and Peru in
collaboration with the United Nations and US State Department. He is also, fortunately for Newlox,
familiar with Brazilian mining, having served as the Technical Manager of the MULTIFLOTACAO
Project, a 1,000 tonne per day facility in Mato Grosso State, Brazil.
At Newlox Gold, Mr. Ñiquen’s is ramping up operations at Project 1. Recently he reviewed the
operational performance and identified necessary improvements required to maintain high precious
metals recovery through completion of the ramp-up to full-scale. A comprehensive laboratory
investigation triggered a combination of changes to the milling circuit and an enhanced reagent cocktail to
increase throughput while maintaining excellent efficiency.
Mr. Ñiquen and his team are implementing the Plant 1 ramp-up and executing the necessary changes. To
resolve the availability of supplies, the Company sourced the necessary materials in December of 2021.
Newlox has ordered the supplies from multiple sources, with some of the required reagents already
delivered and large reserve amounts being stockpiled on site. Others are currently en route to Newlox
Gold’s operations.
Management is proud of the operations team and their consistent monthly progress in the face of typical
ramp-up challenges, as well as the daunting current global logistics. Operations management are
confident they will achieve the Company’s goal of processing, at base-case full-scale, 80 tonnes per day
of artisanal tailings feedstock at Plant 1, with gold recovery expected to exceed 6,500 ounces per year.
Mr. Ñiquen is also supervising construction contractors at the Boston Project, which is expected to
recover over 20,000 ounces of gold per year at full scale. The engineering, permitting, earthmoving, site
preparation, and procurement stages of the construction timeline have been completed. Substantial
amounts of the crushing circuit and material handling equipment have been prefabricated at the
construction contractor’s facility for delivery to the site. A delay in the delivery of the primary ball mill,
caused by the unexpected cancellation of the original order, has been overcome by procurement from an
alternative source, with the new ball mill now en route.
Over the past six months, unusual supply chain conditions have made it difficult to provide precise and
accurate operational timelines. The Company will avoid providing near-term guidance until some degree
of stability returns. Management is proud of our team’s accomplishments and remains dedicated to
achieving stated goals.
Newlox Gold is making steady progress in all its initiatives and remains adequately funded to complete
Project 1 and the Boston expansion. Newlox Gold will continue to update the market as it achieves
milestones towards its goal of becoming the first ESG-focused medium-sized gold producer.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Wilmer Ñiquen to the Newlox Gold team. Wilmer is an extraordinary
engineer with an impressive history of building, commissioning, and operating successful precious metals
plants in Latin America. He has proven himself time and time again in the field. We are particularly
fortunate to have access to many of the region’s best engineers, many of whom have worked closely over
many years with Newlox Gold’s Chief Technical Advisor, Dr. Marcello Veiga.
Wilmer has reviewed and confirmed the Company’s fully-funded development plans and takes the helm
with strong support from Newlox’s existing operations and management team. He has a demonstrated
unique ability to work practically and solve problems in real-time. I recently had the pleasure of working
with Wilmer during a visit to the Company’s facilities and look forward to building our dream together
over the coming years.”

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