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Management interview with Char Technologies after Breakthrough order with Hitachi Zosen Inova

Company: Char Technologies Ltd
Listing: TSX Venture, US OTC
Tickers: $YES.V / $CTRNF
Market cap: 55.74 MCAD at time of publication
Share price: 0.79 CAD at time of publication
Website: https://www.chartechnologies.com/
Comparable peers:
Xebec, $XBC Market cap $642 MCAD
Greenlane renewables, $GRN, Mcap $210 MCAD

Char Technologies has a patented and unique product that can now replace regular coal in coal power plants with Biocoal and also produce Renewable natural gas / hydrogen which has a tremendously positive impact for the environment. Char is Converting challenging organic streams into a greenhouse gas neutral biocoal and second generation Renewable Natural Gas (RNG)” or green hydrogen. CHAR’s pyrolysis technology is recognized as a potential future solution by NYC DEP to process biosolids into value-add products. Char also has a solution to contamination of PFAS in landfills and water reserves. Competitors Xebec & Greenlane renewables both participate in first-generation anaerobic digestion (biogas) technology , Char technologies has what is known as second generation biogas technology .

Char Technologies recently received a breakthrough order from the large corporation Hitachi Zosen Inova. We decided to have a sit down with management to ask about the implications and how the business is progressing. Below you will find a transcript of the interview call done with CEO Andrew White and CFO Mark Korol.


ESG: Welcome to the interview with ESGFIRE Andrew !
Char Technologies recently announced a big breakthrough order from the large corporation Hitachi Zosen Inova . Can you please tell us what you think this order means for Char technologies?


Andrew:
The short answer is it could eventually lead to putting a Char Technologies plant on all  100 Hitachi plants worldwide.

In general, for high temperature pyrolysis, we are currently working with 3 different market verticals. These are
1. Processing woody wastes to make our cleanfyre product used in steel mills, as well as second generation renewable natural gas.
2. Processing digestate and turning this into syngas, renewable natural gas or green hydrogen (as is the case with Hitachi).
3. Processing biosolids.

Our order from Hitachi is in the digestate vertical and they have a well established waste to energy biogas firm and have built over 100 plants worldwide. Their plants essentially turn organic waste into biogas. The facility where we are putting our system in with Hitachi is what we could call a showcase / lighthouse facility. It’s a site to demonstrate our product for clients in North America.

Being on this site lets us tap into and leverage the sales funnel of Hitachi. As previously stated it could eventually lead to putting a Char Technologies plant on all Hitachi plants worldwide. For distributing green hydrogen this is a smart way of doing it. We are in the front of the pack for an operational green hydrogen plant in California.


ESG:
We estimate that this test project deal with Hitachi Zosen inova will generate project revenues of 560 000 USD for the biocarbon and between 4-6.6 MUSD for the green hydrogen annually. All in all the project revenues for operating the plant for the operator would likely equal 4,56 -7,2 MUSD annually. We estimate that the final sales value of this test project once it’s transferred from Char Technologies to Hitachi Zosen Inova will be approximately 5 million USD .

Can you confirm if our calculations on behalf of ESGFIRE are correct?


Andrew:

Yes on the operational revenue we are at the lower range of your calculations.

On the hydrogen side we are signing up for longer term offtakes, to make sure the project is feasible, we are in the range for your calculations on the hydrogen pricing.



Mark:
On the system the calculation is a little high, we priced it lower than we normally would do since it’s an opportunity for us with Hitachi.

Based on the potential that we have with the customer we will be getting a royalty license fee after the transfer of the system ff they exercise the option which in all likelihood they will.


ESG: What will license revenues look like?


Andrew:
It’s going to be tied to plant uptime, it keeps us engaged in the plant operationally. You can use typical 10 %-15 % fee  on the sales price of output.
The standard license range would be 500 000 USD annually  on the hydrogen revenue which for us would be a recurring revenue.

We think this will happen on further projects and plants and all business models with valuable off takes. The model keeps us engaged and it gives the customer  further ongoing assurances.  Instead of a fixed fee its sort of a hybrid model we were talking about.

ESG: What kind of potential revenues this order could generate moving forward?

Andrew:
Well certainly Hitachi has a very aggressive rollout plan since they are the market leader biogas In North America.
We can kind of speculate all over the place I guess but if they are very successful rolling out we will also be quite successful and the sales range of what your original estimate is what revenue would be for a single biogas project for Char Technologies.

Hitachi are very dominant in the US and our product provides them with a competitive advantage and they help us access markets. We are very positive about where things are heading with Hitachi.


Mark:
There is no secret that we would provide competitive advantage.

ESG: What does the potential backlog look like at the moment? Considering you (Mark)mentioned that it was close to 100 MCAD during our interview in March?


Andrew: We are still in the same numbers. We expect this backlog to grow exponentially once we are operating the plant for Hitachi at late spring of 2022. 

Mark: In terms of pipeline, the probability of executing our pipeline have certainly increased since last time we spoke, we have greater visibility on the potential opportunities moving forward. We are seeing a bigger light at the end of the tunnel.


ESG: What markets / countries are your current top  priorities and why?


Andrew:

We are still focused on North America at the moment where we have a lot of opportunities and we continue to build a pipeline with focus.

Within these activities obviously we want to be building plants with green hydrogen and next quarter  we are bringing on the woody biomass sales vertical.
These have residuals of natural gas projects that have big upside to them.

This is a big opportunity for us. We are taking biomass and making syngas and optimizing it to make renewable natural gas, we build the same plant for hydrogen just adding methanation for the process of RNG.


ESG:
How do you view the need for further external financing and possible capital injection at the moment?

Mark:
Once we get new orders in depending on the size and magnitude of those orders we will look at all options, we won’t go to ask the market  for funding unless we have specific projects for those proceeds.  Once we have sites up and running on those verticals we will be able to optimize capital structure.

There has been very little minimal exercising of warrants yet, we are leaving that alone right now. There is about 1,5 year runtime left for the warrants of the last financing and the proceeds account to about 3 million CAD:


ESG: Are there any short term catalysts that investors should keep a look out for regarding Char Technologies ?

Andrew:
Certainly investors should look at Char Technologies on executing on the Hitachi project ,bringing it into operation and what it leads to in follow up orders. Hitachi is a big catalyst and we are confident in our ability to deliver. Once we get the green hydrogen offtake it will be a big trigger point for a lot of the pipeline we currently have .
Its just like a public financing once you get a lead order it all falls into place.

The other one catalyst is that the market is so ripe for renewable natural gas so our system is really attractive for that market right now.

Mark: Partnerships, letters of intents and definitive agreements these will be the actual deliverables investors can expect to see over the next few quarters

ESG: What does your current financial commitments look like with Hitachi?



Andrew:
We have  a core operations team based out of Ontario and with our plants we can do remote monitoring and maintenance. The deal with Hitachi is structured so that
operations is subcontracted to Hitachi, they will be operating the plant the whole time and before transfer we are paying for subcontractors and maintenance to make sure its operational.


ESG: What does the Capex for the Hitachi project look like?



Mark:
It’s the actual hardware, the 5 million earlier mentioned .That is the capex. Call that the marked up capex which is lower than that. In terms of the operating cost our offtake model is at a very healthy margin lying at 70 % plus.
Any of the expenses out of that are reflected in the cost structure which is relatively quite small. One of the benefits of our system is it fits into existing infrastructure and can be overlap of resources so it’s very efficient in that manner.

When we look at our existing plant in London, Ontario we have 2 operators but could probably do with just one, when you look at the magnitude of revenue it’s a low cost for maintenance..

Andrew:
Yes we are confident we can deliver on the plant with our current financials.


ESGFIRE: How are things looking in the market for Biosolid PFAS?



Andrew:
We have continued to do more advanced studies with partners and potential clients have seen the London facility operating, the border is still closed between the US and Canada but we were able to facilitate a visit.

The opportunity of the PFAS / biosolids market is very good short term from an equipment sales perspective. We are continuing to prove our system has the ability to destroy harmful PFAS particles which exists in waste and sewerage water. We are the only company, that we are aware of, to focus on destroying PFAS. 

We will likely build some smaller on site pilot units to operate within the next 6 months to give all parties credibility and its progressing very well. 

We have likely larger orders there may be a few that we are bidding on, but I would project late 2021 and early 2022 we will see those orders convert.


We continue to demonstrate our ability to perform high temp pyrolysis at the 800 degree Celsius range which is critical for pfas destruction. We are in this operating range no competitors are operating in.


We also continue to work with biosolids management and engineering firms are starting to see that the testing we are doing generally cover costs for our clients.
We run samples ourselves but having third party analytical firm doing analysis
Having third party validation beneficial. These projects are included in the 100 MCAD sales pipeline.


Mark:
We have penetrated the hardest customers first. The steel industry is the hardest to penetrate this is where we started, on the Hitashi side we are now in a contract with one of the leaders in the industry globally. We started with the hardest one. We are proud of that internally.


ESGFIRE:When would you be looking at a possible NASDAQ uplisting?


Mark:
Actually we did have that question a week ago from one of our existing shareholders. We have looked at Nasdaq in the past. It’s way more expensive and different level of insurances and listing costs and everything . We need a couple of more contracts to get more publicity and a higher market cap. We also need more liquidity in the stock before we make that move. With respect to the OTC we will look at a XCQB listing to move up a tier on the OTC come the new year of 2021. That’s our visibility so far. 


ESG: What else is happening in the market that affects Char technologies?


Mark:
In Canada, Defasco and Algoma steel has made made announcements that they will receive hundreds of millions of dollars to decarbonize. Defasco talked about shutting down coke ovens and convert these to electric furnaces but these systems would still require biocarbon/biocoal for the chemical process.
We are confident as even as we see transition from coal to electric those electric ovens still need a solid carbon input until we get to a point where it will be green hydrogen as input alone. Carbon will still be needed, when we look at Ontario over they use over a million tonnes of coal per year. Steel mills are trying to go green and we have the solution for them.. The chemistry does not change you need either carbon or hydrogen. That’s the way chemistry works.


ESG: Thank you for your time Andrew and Mark!

Andrew / Mark:
Thank you!


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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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 REPORTS RECORD EARNINGS FOR Q2 +119 % REVENUE GROWTH

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $239 MCAD
Stock price at time of publication: $7,76 CAD ( reverse split price 2,40 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 $462 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, a leading supplier of electric, CNG, gas and clean diesel buses, today reported its financial and operational results for the second quarter of 2021.

Second Quarter 2021 and Subsequent Operational Highlights

  • Revenue grew 119% to $19.1 million in the three months ended June 30, 2021, as compared to $8.7 million for the three months ended June 30, 2020.
    • Delivered 46 buses for the three months ended June 30, 2021, as compared to 23 buses for the three months ended June 30, 2020.
  • Commenced trading of the Company’s common shares on the Nasdaq Capital Market under the symbol “VEV” to help elevate the Company’s public profile, expand its shareholder base, improve liquidity and enhance shareholder value.
  • Received $7.5 million in proceeds from accelerated warrant exercises, further fortifying the Company’s balance sheet to $10.2 million in cash, with no remaining warrants outstanding.
  • Received significant governmental support with statewide purchasing contracts, rebate eligibility and grant awards.
  • Awarded authorization from MBTA on behalf of the largest state transit association in the U.S., the California Association for Coordinated Transportation, for consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase “Buy America” compliant buses directly from the Company’s diverse portfolio through its distribution partner ABC Companies.
    • Vicinity™ buses selected for Washington statewide purchasing contract that gives state transit agencies the right to purchase from the Company’s diverse bus portfolio.
    • Received approval for a grant of US$300,000 from Washington State Department of Commerce Economic Development Strategic Reserve Fund (SRF) to assist Vicinity in building its new Vicinity Lightning™ EV and Buy America compliant bus assembly facility in Whatcom County, Washington.
    • Groundbreaking ceremony marking the start of construction on the Company’s new Buy America compliant vehicle assembly facility in Ferndale, Washington attended by Washington State Governor Jay Inslee.
    • Vicinity Lightning™ EV bus and EV trucks received eligibility for customer rebates of up to 33% of the purchase price through the Canadian Province of British Columbia’s CleanBC Go Electric Program.
  • Entered into the medium duty truck market with the development of a fully electric Class 3 vehicle with 12,000 lb GVWR rating, with initial deliveries expected to begin in the first quarter of 2022.
  • Strong sales momentum with the addition of 46 new VMC 1200 Class 3 electric truck, Vicinity Classic, and Lightning™ EV bus purchase orders.
    • 14 Vicinity Lightning™ EV buses valued at over $6.0 million from Calgary Transit, the City of Calgary’s transit authority.
    • 15 Vicinity™ CNG buses for a total value of over $6.0 million from a leading Canadian provincial public transportation provider.
    • Four Vicinity™ buses for a total value of over $1.6 million from the County of Simcoe in Ontario, Canada.
    • Three clean-diesel Vicinity™ Classic buses from Québec Private Transit Operator Le Groupe Transbus.
    • Received an initial order from a private operator in British Columbia for 10 VMC 1200 Class 3 electric trucks valued at over $1.0 million.
  • New strategic partnerships powering drivetrain technology advancements
    • Announced strategic partnership to explore deploying Exro Technologies’ enhanced powertrain system into Vicinity’s next-generation electric bus fleet, expected to provide increased performance and extended range.
    • Partnered with Danfoss Editron, a business division of Danfoss, to utilize its drivetrain systems in the medium duty fully electric Vicinity Lightning™ EV Bus.

Management Commentary

“The second quarter of 2021 was highlighted by ongoing sales momentum, and validation of our strategy from enterprise customers, state and government agencies, and the broader capital markets,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “We delivered twice as many buses in the second quarter as compared to the same year ago quarter. This traction in the marketplace is a testament to the incredible support we are receiving from state transit authorities, such as our recent approval from the California Association for Coordinated Transportation – creating a significant opportunity in the largest addressable market within the United States.

“Second quarter sales were strong, with 46 orders fulfilled across our VicinityTM Classic line with further orders being received for our breakthrough Vicinity Lightning™ EV lines of buses. Additionally, we secured an initial order for our newest product, the fully electric VMC 1200 Class 3 Truck, designed to compete in the medium duty truck category. Our sales team is building interest through our robust network of existing dealerships throughout North America and we look forward to announcing additional orders and customers for all our products in the coming months.

“During the quarter we also achieved several key capital markets milestones for the benefit of our valued shareholders. Most notably, we recently completed our uplisting to the Nasdaq to introduce our company to a broader base of U.S. institutional investors. We fortified our balance sheet in the quarter as well, as all outstanding warrants were exercised, bringing our cash balance to $10.2 million in addition to our undrawn $20 million credit facility.

“Looking ahead to the remainder of 2021, we will be anything but complacent with our recent successes– continuing to enhance our product offering with the goal of further strengthening our position in the next-generation electric vehicle space. We expect our relationships with North American transit agencies to further expand, propelled by government support and the consumer desire for a transition to a more sustainable public transportation system. Taken together, we are incredibly well positioned to create long-term value for our shareholders, and I look forward to announcing new sales, product and strategic milestone achievements in the months to come,” concluded Trainer.

ESG comment:
We are truly impressed but not surprised by the strong development of Vicinity Motors corp for the second quarter of 2021.
Our previous estimates have been that the total sales for 2021 will land between 55-70 million CAD for the full fiscal year of 2021.
Total revenues for the first 6 months of 2021 amounts to 46,4 million CAD. This strong development makes us quite sure that the total revenues for 2021 will surpass the lower end of our estimates of revenues of 55 million CAD for 2021. However our estimates for 2022 and beyond may need to be adjusted upwards since Vicinity Motors recently also launched a class 3 vehicle in which we see tremendous revenue potential.


Although revenues for the second quarter (19,1 MCAD) of 2021 are slightly lower than in the first quarter of 2021 (27,3 MCAD) investors have to keep in mind that the delivery times for electric vehicles is not an overnight production. Vicinity Motors have been ramping up their production capabilities sharply and with the new production facility located in the United States we are confident that the company will be able to deliver “buy america” compliant vehicles in accordance with the new infrastructure bill from the Biden Administration. The company also has an ever growing sales pipeline and we hope to see the company start reporting their backlog for investors in the near future.


Vicinity Motors is currently , based on our estimates, trading at 4,4 X 2021 sales and a market cap of 239 MCAD

The EV/Sales multiple is based on our lower end projection for 2021 revenues of 55 MCAD.


Meanwhile competitors are trading at the following multiples and market cap :


Instructions on how to participate in the 2021 results conference Call

Second Quarter 2021 Results Conference Call

Date: Wednesday, August 11, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10159285
Webcast: http://public.viavid.com/index.php?id=146136

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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.


CIELO ANNOUNCES THE CLOSING OF CDN$4M UNSECURED CONVERTIBLE DEBENTURE FINANCING

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 826 MCAD at time of publication
Share price: 1.28 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions is pleased to announce the completion of the balance of the Company’s non-brokered
convertible debenture financing (the “Financing”), as previously announced on March 15,
2021, receiving gross proceeds of CDN$4,000,000.

Pursuant to the Financing, which was arranged by First Choice Financial Corp. (“FCF”),
an arm’s length third party, the Company issued 4,000 non-interest-bearing, unsecured
convertible debentures (the “Debentures”), each issued at CDN$1,000 per Debenture, on
a prospectus-exempt basis, the principal amount of the Debentures being convertible into
common shares at $1.25 per share during the 12 month term of the Debenture. Cielo will
be entitled to repay the principal owing under the Debentures at any time before maturity
or conversion without penalty.
The net proceeds will be used for engineering work for a facility to be built on land to be
acquired by Cielo in Fort Saskatchewan, Alberta, as previously announced on May 27,
2021, or otherwise in the sole discretion of the Company. In connection with the
Financing, Cielo will pay transaction fees to FCF equal to CDN$280,000. and a
commission to a third party equal to CDN$320,000.
The Debentures are subject to a statutory 4-month hold period expiring on December 4,
2021.

Don Allan, CEO of Cielo, commented, “We are pleased to see FCF’s continued
commitment and belief in Cielo and our technology. FCF has been an ideal partner,
having now committed significant capital to Cielo over several funding rounds. This capital
will enable Cielo to advance our projects with our priority being to begin driving revenue
into Cielo”.

ESGFIRE comment: Cielo Waste Solutions is firing on all cylinders in their rapid expansion plan and today’s press release is another good milestone in order to achieve their growth plans. We are also awaiting the long anticipated and expected news update on the desulphurisation process at the Aldersyde facility which we hope will be clarified in either august or september.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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.

Environmental Waste International announces Capacity of EWS Sault Ste Marie Facility Doubled by Regulators

Company: Environmental waste international
Listings :TSXV , US OTC
Ticker: $EWS $YEWTF 
Market cap at time of publication: $52 MCD
Stock price at time of publication: 0.20 CAD
Business: Tyre and waste recycling through reverse polymerization
TAM Market size: 158 billion $
Comparable peer : Scandinavian Enviro systems $SES
Website: https://www.ewi.ca/

Environmental Waste International announced today that the Ministry of the Environment,
Conservation and Parks (“MECP”) has approved the Company’s proposal to increase the maximum
amount of tire waste that can be treated at its Sault Ste. Marie (“SSM”) facility to 20 tonnes per day,
double the 10 tonnes per day it had previously approved.

The commercialization of the SSM facility being undertaken by EWS’ will be increased to 20 tonnes
per day, substantially increasing its profit potential.
EWS had successfully run the SSM plant as a demonstration and R&D facility for five years prior to
the Company’s submission to the MECP. The plant, using the EWS’ patented microwave technology,
will process end of life tires producing recycled carbon black, oil, steel and syn gas in an
environmentally friendly manner. The high-quality carbon black is used as a replacement for virgin
carbon black in plastic and rubber products. The oil and steel are utilized as raw feedstock, offsetting
the requirement for new virgin materials. The syn gas provides energy for the plant. Tire recycling
plants using EWS’ technology do not require tipping fees, carbon credits or other government
support to generate a compelling ROI.


Bob MacBean, EWS CEO said “This approval along with the engineering work and the actual physical
work within the plant already completed is showing continued progress of the upgrade process. Our
proprietary technology provides a solution to a worldwide environmental waste problem while
generating attractive financial returns. We believe the commercialization of our Sault Ste. Marie
facility can further solidify EWS’ technology as the market-leading solution.”

ESG Comment:
Today’s announcement is a big step for EWI as there have been some concerns in the past if they would be able to obtain approval for their intended doubling of production capacity at the Sault Ste. Marie facility . We are pleased and relieved to see that all environmental permits for the expansion and commercial plans have been approved. We have also seen significant insider buying in EWI this summer from several management leaders including the CEO Bob McBean which we interpret as a bullish signal.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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 Update 1/8 2021 and NEW positions!

Best monthly performers
Newlox Gold Ventures Corp + 30 %
Cielo Waste Solutions + 27 %
Clear Blue Technologies + 21 %
Char Technologies +20 %

Worst monthly performers
Nuvve Holding Corp – -14 %
Vicinity Motor Corp- -14 %
Solarvest BioEnergy –12 %
Absolicon Solar Collector — 12 %

Current positions

Absolicon Solar Collector – Down 12 % the latest months despite good news of cooperation with Carlsberg.
Cielo Waste Solutions – Up 27 % the latest month.
Char technologies – Up 20 % the latest month after a spectacular green hydrogen deal with Hitachi.
Clear Blue Technologies – Up 21 % after their biggest deal ever recorded worth 10-15 MUSD.
Desert Control – No material change.
Earthrenew – Down 10 % despite management buying shares at 0.35 , financials coming soon.
Environmental Waste international- Down 12 % , continues to underperform in the ESGFIRE portfolio for no apparent reason.
Newlox Gold ventures Corp – Up 30 %, has had several good news and good momentum lately. ESGFIRE analysis coming soon.
Nuvve Holding Corp- Down 15 % despite no negative news, feels like this is being heavily traded by market makers.
Vicinity Motor Corp – Down 14 % despite only good news with material orders, the market is clearly sleeping on this one.
Lion E-mobility – Has taken a big hit lately most related to their accounting issues which has no effect on the bottom line.
Landi Renzo – No material change.
Solarvest BioEnergy – Down 12 % , very dissapointing stock price lately but our conviction remains firm.


New positions
Company: Biofrigas
Listing: Spotlight Stock market Sweden
Ticker: BIOF
ESG comment:
We exited our position in Biofrigas in early February this year (2021) when it became clear that there would be delays in the verification process for the company’s technology. The delays now seem to have been adressed and the verification is proceeding according to plan.
Biofrigas manufactures small scale biogas plants designed mainly for for farmers but there are also other areas of application. Biofrigas has BIG addressable market in the European Union and also globally. The company has signed many sales agreements with different distributors lately.
The company expects the first facility to become operational at their first customer during august or september this year (2021).
We have chosen to re-enter our position in the BIOFRIGAS TO 01 instrument which is a form of publicly traded warrant / option that gives the owner the right to purchase one stock for every owned option at a maximum price of 70 % of the weighted stock price between 17/3 – 20/ 3 2022 or a maximum price of 9.45 SEK. The subscription period runs between 31/3 – 14/4 2022. We think this instrument gives us the best leverage for our position as we expect BIG breakthroughs for the company to happen before the subscription period ends in april 2022. However if you wish to choose a lower risk for your investment the common stock is likely your preferred choice. This is a high risk investment since Biofrigas has no revenues to date however we believe this will change in the coming months with the first order and with a market cap of only 10 MUSD / 89 MSEK this is a HIGH risk HIGH reward case.

Sold positions:
There have been no exits in the ESGFIRE portfolio the latest month.

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 advise 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. to Report Second Quarter 2021 Results on Wednesday, August 11 at 4:30 p.m. Eastern Time

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $223 MCAD
Stock price at time of publication: $7,22 CAD ( reverse split price 2,40 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 $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp, a leading supplier of electric, CNG and clean diesel vehicles, today announced that it will release financial results for the second quarter ended June 30, 2021, after market close on Wednesday, August 11, 2021.

Management will host an investor conference call at 4:30 p.m. Eastern time on August 11, 2021 to discuss Vicinity’s second quarter 2021 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:

Q2 2021 Conference Call and Webcast

Date: Wednesday, August 11, 2021
Time: 4:30 p.m. Eastern time
U.S./Canada Dial-in: 1-877-300-8521
International Dial-in: 1-412-317-6026
Conference ID: 10159285
Webcast: http://public.viavid.com/index.php?id=146136

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285. A webcast will also be available by clicking here: Vicinity Q2 2021 Webcast.

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 advise 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.

EarthRenew Announces New Senior Debt Facility for Replenish

Company: Earthrenew
Listings: CSE Canada , Frankfurt and US OTC
Tickers: ERTH / VVIVF / WIMN
Market cap at time of publication: $20,6 MCAD
Stock price at time of publication: $0.25 CAD
Business: Regenerative agriculture
Website: https://www.earthrenew.ca/

Highlights:

  • Replenish Nutrients Ltd. (wholly owned subsidiary of Earthrenew) secures new debt facilities totalling $3.2 million to support planned expansion efforts.

Earthrenew a Canadian company focused on regenerative agriculture solutions, today announced that, effective July 21st, 2021, its wholly owned subsidiary Replenish secured new senior secured asset-based credit facilities totalling $3.2 million from Agriculture Financial Services Corporation . The ABL Facility will replace Replenish’s existing senior debt, and will be used to fund inventory growth and capital expenditures related to Replenish’s current production facilities.

“We are very pleased to have Replenish enter into this strategic relationship with AFSC, one of Alberta’s leading agricultural lenders,” said Keith Driver, EarthRenew’s Chief Executive Officer. “The facility is flexible, allowing it to fit our dynamic business needs. The customized financing provided by AFSC demonstrates the strong support for agribusinesses and will provide us with significant financial flexibility to continue to execute our growth plans.”

The ABL Facility contemplates a five-year term, including interest-only payments until January 1st, 2022. Amounts drawn on the main facility bear interest at a rate of 3.52% per annum, while the inventory loan rate is 2.875% per annum. On closing, an aggregate of $2,558,968 was drawn on the ABL Facility, with $1,592,291 used to repay existing senior debt. The ABL Facility is subject to compliance with financial covenants starting in 2022. EarthRenew has provided an unlimited guarantee as security for the ABL Facility.

ESG comments.
We are very impressed that Earthrenew has secured very attractive non dilutive financing at such a low interest rate which really highlights that their business model is far more derisked than what the market is pricing the company at currently. To clarify for new readers not familiar with Earthrenew , Replenish is a wholly owned subsidiary of Earthrenew which was effectively purchased by may 1st 2021 . Earthrenew has had many great news in the past month which as of yet has not reflected in the share price including off take and distributions agreements with big stakeholders. We believe it’s only a matter of time before the market realizes what an undervalued gem Earthrenew is. The acquisition of Replenish is expected to add annual sales of 9-12 million CAD initially with big growth expected ahead, Replenish has a very good sales distribution network in the United States where Earthrenew is aiming to expand.


Earthrenew is a very exciting addition to the ESGFIRE portfolio on which we will be doing an extensive analysis on in the coming months. Earthrenews patented thermal processing technology transforms livestock manure into a powerful, all-natural organic fertilizer that promotes plant growth and restores soil health.This means, in simple terms, that farmers which use Earthrenew products not only get higher yields by 20-40 % on their crops but it also enables for the soil to sequester(store) more carbon. Studies have also shown that farmers who use this fertilizer on average saves the climate for aproximately 1 tonne of carbondioxiode for each tonne used compared to chemial fertilizer. The best part of the equation is the product is priced at the same level as chemical fertilizer and with possible carbon credits the products is actually cheaper. No wonder the company is sold out completely for 2021! The company’s plan is to increase their output to 400 000 tonnes by 2024-25 equalling revenues of about 140 million CAD.

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We own shares of these companies personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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.

Clear Blue Technologies awarded 10-15 Million Dollar Contract by NuRAN

Company: Clear Blue Technologies International Inc
Listings : TSX Venture , US OTC
Ticker: CBLU.V and CBUTF
Market cap at time of publication: $22.36 MCAD
Stock price at time of publication: $0.34 CAD
Business: Off-grid Solar powered telecommunications and Solar powered lightning
Website: https://www.clearbluetechnologies.com/

ESGFIRE portfolio company Clear Blue Technologies today (29/7 2021) announced their biggest order in the history of the company!

Clear Blue technologies has signed anagreement with NuRAN Wireless Inc. (‘NuRAN’), a leading supplier of mobile and broadband wireless infrastructure solutions, with an initial estimated value between $8 million to $10 million CAD in revenues over the next three years. Clear Blue’s 2021 third and fourth-quarter earnings will reflect initial sales numbers for the contract, but the Company is providing estimated pro forma revenues for its shareholders in this release. Unless stated otherwise, all dollar amounts are in Canadian dollars, with gross margins in line with what the Company has historically reported.

Key highlights:

  • NuRAN awarded Clear Blue the contract to power an estimated minimum of 1,333 telecom sites in the Democratic Republic of the Congo (DRC);
  • Clear Blue’s first order will realize $750,000 of revenues, in the remainder of 2021, with the initial orders due to start shipping in July;
  • Clear Blue estimates approx. $2.5 million per year in revenues between 2022 – 2025, totaling a minimum additional $7.5 million;
  • The contract includes Energy-as-a-Service, which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

“This is one of the largest deals secured to date and provides significant upside for Clear Blue’s revenues over the next three years,” says Miriam Tuerk, Co-founder and CEO, Clear Blue Technologies. “We see this as part of a trend, as we emerge from the global pandemic, where corporations are looking to be more sustainable. Projects are being greenlit and orders for our smart off-grid systems are picking up. As a result, Management is highly optimistic about revenue and top-line growth during the remainder of 2021 and into 2022.”

Clear Blue is contracted to provide its smart off-grid power in the form of the Nano-Grid Power Packs and Energy-as-a-Service to at least 1,333 telecom sites operated by NuRAN in the DRC. This total number of sites represents two-thirds of the total installation, with NuRAN choosing to retain vendor diversity by awarding the remaining sites to other third-party suppliers given the size of the project.

Francis Létourneau, President and Chief Executive Officer at NuRAN stated: “Clear Blue’s Smart Power and Energy-as-a-Service are key components to our planned telecom roll-out in the DRC, offering the lowest CAPEX/OPEX as well as the best performance and uptime. Because of that, it enables these rural sites to be simultaneously cost-effective and reliable for a strong, viable and profitable business model.”

Of the 89.56 million people living in DRC, approx.18% have access to the internet, according to Statista, demonstrating a clear need to increase connectivity in the region.1 Further, the World Bank estimates that the population of the DRC will have reached 120 million by 2030, providing an even greater opportunity for growth in the telecom market.2

NuRAN could increase its current order for Clear Blue’s Smart Power systems by between 30 – 50%, depending on the success of the initial installations and available financing for follow-on projects. In addition, as the capacity of each site grows, and if NuRAN extends its contract for Energy-as-a-Service beyond the initial 3-year period, Clear Blue expects that the total value of this contract could be $15 million over 10 years.

Clear Blue has a long-standing relationship with NuRAN that has grown to multiple projects since the Company’s first installation with the telecom operator in 2018. Most recently, NuRAN awarded Clear Blue a contract in Q4 2020 for Cameroon that was valued at $1.45 million.

Tuerk adds: “We value the trust that NuRAN has placed in us to deliver power to their telecom sites and look forward to working with them on this latest installation.”

ESGFIRE comment:
We are extremely pleased to read today’s announcement from Clear Blue Technologies. The order announced today is groundbreaking especially since the total turnover for Clear Blue Technologies in 2020 was 4 MCAD. It is projected that this deal with Nuran is worth in total betwen 10-15 million CAD over the next 10 years. The immediate financial effect of the order is revenues of 750 000 CAD for 2021 and with an annual revenue stream of 2,5 MCAD between 2022-2025. In addition to this the contract includes Energy-as-a-Service revenues which will provide additional minimum recurring revenues of $100,000 per year, contracted for a minimum of three years, with expansion growth and renewals thereafter.

What we also find exciting about this announcement is that it shows the great business relationship between Nuran and Clear Blue Technologies is flourishing and may add even more contracts to come in the future.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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. Selected for California Statewide Contract

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $209 MCAD
Stock price at time of publication: $6,79 CAD ( reverse split price 2,26 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 $485 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp today announced that the MBTA has authorized an award on behalf of the California Association for Coordinated Transportation (“CALACT”) consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase “Buy America” compliant buses directly from the Company’s diverse portfolio through its distribution partner ABC Companies.

CALACT is the largest state transit association in the United States, representing California small, rural and specialized transportation providers statewide. CALACT has over 300 members and is dedicated to promoting professional excellence, stimulating ideas and advocating for effective community transportation.

Vehicles authorized for purchase will be produced at Vicinity’s recently announced “Buy America” compliant assembly facility in the State of Washington, which will produce environmentally friendly CNG and clean-diesel vehicles between 28 and 35 feet in length.  Once constructed, the Washington State based facility will also produce the upcoming Vicinity Lightning 28’ all electric transit bus.

“The California market represents the largest in the United States, and this contract allows all CALACT members the ability to choose Vicinity as an OEM supplier for their growing fleets,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “CALACT forecasts this contract may include up to 8,000 vehicles over 5 years, representing a major opportunity for Vicinity to expand in California. Leveraging our partnership with ABC Companies, we believe we can offer competitive bids for our innovative line of Vicinity high efficiency buses. We look forward to working with CALACT members to match our unique vehicle offering with their requirements, creating long-term value for both our customers and shareholders,” concluded Trainer.

Roman Cornell, President ABC Companies added, “Our partnership with Vicinity Motor Corp. continues to expand, leveraging Vicinity’s heavy duty mid-size product range which brings exceptional value and flexibility to a changing transit market. The upcoming Vicinity Lightning battery electric bus will further expand our existing electric offering and bring a unique Buy America compliant solution to customers and agencies focused on carbon reduction initiatives.”

ESG Comment:
Today’s news is another HUGE milestone for Vicinity Motor Corp with a contract potential to add sales of up to 8000 vehicles over the next 5 years. This contract could potentially add annual sales figures of 350 MCAD – 560 MCAD for the company. There has lately been news of VMC’s electric vehicle rival Proterra having buses in California catching fire due to extreme heat and also that local officials are considering pulling their buses out of traffic. Therefore this new contract should definately open up for Vicinity Motor corp to take a big piece of the coming growth in the Californian Electric Vehicles market seeing as Proterra’s reputation and stock price is getting beaten down.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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.

Solarvest Enters Into a Contract with The Investing News Network

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $14.94 MCAD
Stock price at time of publication: $0.27 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/

We are pleased to see Solarvest has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network (INN). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. For the 13 month term of the agreement, INN will provide advertising to increase awareness of the issuer.

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. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise 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.