Blog page

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.”

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.

Proterra Battery Technology to Power Vicinity Motor Corp. Electric Transit Buses and Work Trucks

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $150 MCAD
Stock price at time of publication: $4.3 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: We are very pleased to see that Vicinity Motors now has secured a Buy America compliant battery supplier for their new Washington facility. The new Proterra powered Vicinity lightning vehicles are expected to begin production in Q3 of 2022! This partnership sets Vicinity Motors in place with a reliable battery supplier. We are very confident its only a matter of time for the market to realize what we think is an incorrectly priced valuation of Vicinity Motor. Remember, “The stock market is a device for transferring money from the impatient to the patient.”

  • Proterra and Vicinity Motor Corp. announce multi-year supply agreement to power the Vicinity Lightning™ and strip chassis platform for commercial electric vehicles with Proterra battery technology
  • Multi-year agreement expected to support next-generation heavy-duty electric transit bus as well as Class 3 and 5 work trucks
  • Includes battery supply for a minimum of 600 Vicinity commercial electric vehicles through 2024
  • Production of the Proterra Powered™ Vicinity Lightning vehicle expected to begin in Q3 2022


VANCOUVER, BC and BURLINGAME, Calif. – January 13, 2022 –
Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity”), a North American supplier of commercial electric vehicles, and Proterra Inc (NASDAQ: PTRA) (“Proterra”), a leading innovator in commercial vehicle electrification technology, today announced a new collaboration to power Vicinity’s electric transit buses and work trucks with Proterra’s industry-leading battery technology.

Under a new, multi-year supply agreement, Proterra battery systems will power the Vicinity Lightning 28-foot electric transit bus and Vicinity’s strip chassis platform to support several commercial vehicle configurations such as utility trucks, shuttle buses, and box trucks. The agreement is also expected to support Vicinity’s next-generation heavy-duty electric transit bus as well as the VMC 1200 Class 3 work truck and VMC 1500 Class 5 work truck with Proterra battery systems.

Proterra contracted to supply Vicinity with battery systems to power a minimum of 600 Vicinity commercial electric vehicles through 2024. The Proterra Powered Vicinity Lightning vehicle is expected to begin production in the third quarter of 2022.

“We are pleased to announce this new commercial relationship with Proterra, a true battery technology leader,” said William Trainer, Founder and CEO of Vicinity. “I look forward to working closely with the Proterra team to make our vehicles, equipped with their advanced battery systems, a staple in North American public transportation and industrial spaces.”

Proterra batteries will be used in the production of Vicinity Lightning electric transit vehicles at Vicinity’s Ferndale, Washington manufacturing facility. Designed for the U.S. and Canadian markets, the Vicinity Lightning will comply with Buy America requirements for Federal Transit Administration-funded programs in the United States.

“Cities and towns across North America are driving towards a future with clean air and a healthier environment for our kids and future generations. The question now is no longer if communities will transition to zero-emission, battery-electric transportation, but how fast we can get there. Together with Vicinity, we are excited to build on this innovative spirit as we bring more clean transportation solutions to the communities we live in and serve,” said Gareth Joyce, CEO of Proterra.

Designed and manufactured in the United States, Proterra battery packs leverage industry-leading energy density and a customizable design to fit within a variety of vehicles. Proterra’s best-in-class battery systems have been proven through more than 20 million service miles driven by Proterra transit vehicles across North America and selected by world-class commercial vehicle manufacturers to power school buses, work trucks, construction equipment, and more.

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.

Vicinity Motor Corp. Receives $3.5 Million CAD Order for Eight Vicinity™ Classic Buses to First Transit

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $164 MCAD
Stock price at time of publication: $4.69 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 $236 MCAD
Website: https://vicinitymotorcorp.com/

ESG comment: Only one day after the big 19 MUSD order for all electric vehicles Vicinity Motors announce the sales of eight Vicinity Classic at a total of 3,5 MCAD . No wonder Vicinity Motors is our top pick in the electric vehicles sector! The company is trading at just 1 X sales for 2022 and considering the target price that foresee an upside of 300-700 % Vicinity Motor should have a great year ahead!

VANCOUVER, BC – January 5, 2022 – Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced the receipt of a new CAD $3.5 million purchase order from North American Private Transit Operator First Transit for eight (8) Vicinity™ Classic buses.

Per the terms of the supply agreement, First Transit has ordered eight (8) of the Company’s 35-foot Vicinity™ Classic buses for delivery in 2022. The buses will service the city of Yellowknife, Canada.

“Our Vicinity™ Classic buses continue to prove their popularity within the North American transit market as we continue to attract new orders from our continent-wide base of customers,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Our ability to grow alongside our customers and fulfill many of their transit needs as a one-stop-shop is invaluable, particularly as many transit authorities begin to evaluate electric vehicles to supplement or replace their conventional diesel fleets in service today.

“I look forward to working closely with the team at First Transit to deliver these vehicles by end-of-year. Our goal is to improve the quality of public transit to the citizens of Yellowknife while concurrently reducing operating costs for transit operators – thereby creating sustainable value not only for our shareholders, but for all stakeholders,” concluded Trainer.

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.

Vicinity Motor Corp. Receives USD $19.0 Million Order for Optimal
Electric Class 4 Commercial Chassis

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $151 MCAD
Stock price at time of publication: $4.33CAD ( reverse split price 1,44 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 $236 MCAD
Website: https://vicinitymotorcorp.com/

ESGFIRE comment:
Vicinity Motor Corp starts off 2022 in the best possible way by announcing an order of 19 million USD for their Optimal E1 Electric chassis. This order is the first sign of the progress from the relatively new cooperation with Optimal EV. The entire order is for electric vehicles and considering the praise that this client is giving VMC we are expecting many more orders for the same vehicle type this year. Vicinity Motor corp is projecting 140 million in sales for 2022 and with this order announced they are well on their way
! The company is trading at just 1 X sales for 2022 and considering the target price that foresee an upside of 300-700 % Vicinity Motor should have a great year ahead!

VANCOUVER, BC – January 5, 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 received a significant order from Olathe Fleet Solutions (“Olathe”), a commercial truck dealership and fleet management company in Kansas, for over 150 VMC Optimal E1 Electric Chassis valued in excess of USD $19.0 million.

Olathe, based in Olathe, Kansas is one of the nation’s largest dealers in the commercial fleet industry – up-fitting and delivering of over 20,000 trucks nationwide yearly. The VMC Optimal E1 orders are scheduled for delivery throughout 2022 for operation in school, commercial, shuttle, ambulance, last-mile and other key market segments.

“Olathe is well-respected and highly rated in the commercial fleet market.  This order is the culmination of effort and development which began many months ago with the Olathe team and key end-user involvement,” said William Trainer, Founder and CEO of Vicinity “As an authorized Ford ship-thru up-fitter, Olathe will be able to offer best-in-class EV solutions for customers across the Class 4 commercial vehicle spectrum.”

“We are seeing strong interest for the VMC Optimal EV vehicles as fleets seek to electrify and mitigate exposure to energy and carbon costs. We believe the market conditions are ideal for incredible vehicles such as ours – providing extensive range, highway speeds and significant gradeability at maximum load. Our VMC Optimal E1 also 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. Taken as a whole, our vehicles are truly best-in-class,” concluded Trainer.

Marc McEver of Olathe added, “After careful evaluation of market options, Olathe decided to partner with VMC Optimal to offer solutions that will deliver safe and reliable results for our fleets.  Olathe has worked carefully over the decades to build confidence with our clients, it’s critical that we partnered with the best solution provider.”

The chassis will be produced at the new VMC Optimal manufacturing plant in Elkhart, Indiana and offer up to 125 mile range with the battery pack completely protected inside the chassis rails.  Units will begin delivering in the first quarter of 2022.

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.

Exclusive PRE IPO opportunity for ESGFIRE subscribers in Carbon capture

Company name: Captico2
Sector: Carbon capture and storage
Website:
https://captico2.com/
About:
Carbon capture storage unique in their ability to mineralize and turn Co2 into a commercial product
IPO time table:
8-12 months on Euronext merkur Norway or SPAC at Nasdaq US

ESGFIRE has decided to invest 10 % of our portfolio into the PRE IPO of Captico2
. We have been looking for a carbon capture storage company to invest in for over 2 years but have , until now, not found something worth our interest. The current financing round is 10 million EUR and the proceeds are intended to fund the company’s technology going from the current technology readiness level (TRL) 6 to stage 7. After this is done (expected completion mid 2022), the company has an agreement of an order for 10 units worth 160 MEUR with a pre payment of 35 % from their partner ENEA. Carbon Capture is currently the hottest segment in ESG investing which is why we are so excited about this opportunity to get in early.

The current pre-money valuation of Captico2 is 50 million EUR. The forecast Valuation is 200 mEUR by 2H-2022, 400 mEUR by 2H-2023 and 1,000 mEUR by 2H2024 .

Here are some publicly listed market comparables in the carbon capture storage but none of these are able to capture,store and mineralize CO2 into a commercial product like Captico2:

Co2Capsol – Market cap 128 MEUR
Bergen Carbon Solutions – Market cap 182 MEUR
Aker Carbon Capture – 1600 MEUR

The current financing round also has VERY favorable terms negotiated which state that any investor participating in this round ( 10 million EUR) will be compensated in the unlikely event should there be any raise at a lower evaluation moving forward . The company plans to raise an additional 20 MEUR this spring at a higher evaluation
.
Captico2 currently has discussions with some very big private equity companies and also some large insurance companies, these might fill the entire current financing round so time is of the essence in this investment case.The normal ticket size is 100 000 EURbut for ESGFIRE subscribers the minimum is set at 20 000 EUR .

ESGFIRE has invested 10 % of its entire portfolio into this company, and that means a lot since I usually only invest 2,5 % of our total portfolio in any given company. We think (this is not financial advice) this investment could return anywhere from 300-1000 % until their planned IPO depending on which IPO path they take.

The different exit options are: Listing on the Euronext, Commercial buyout or SPAC IPO at Nasdaq in the United States.

To receive the full investor presentation and subscription agreement email us at : info@esgfireat40.com

If you wish to meet with management let us know and we can set up a meeting for you.

Please note this is a PRE IPO and therefore it carries a higher risk as the shares are NOT currently traded on any trading platforms.

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.


Vicinity Motors Corp gets 15-32 CAD price targets from Catalyst Equity and Spartan Capital! Indicating 366-782 % long term upside!

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.