NEW ESGFIRE PORTFOLIO COMPANY

Company: Aurora Solar Technologies
Listings : TSX Venture, Frankfurt, USOTCB
Tickers: ACU, AACTF , A82
Market cap at time of publication: $38.14 MCAD
Stock price at time of publication: $0.265 CAD
Number of shares fully diluted: 160,899,725
Business: SaaS Solar producer software and cost savings
Market Size: US$25bn 
Website: https://aurorasolartech.com/

This is a short introduction post to alert our community that we have taken a full investment position in Aurora Solar Technologies which is now a part of the ESGFIRE portfolio. There may come a more extensive analysis within the next few months.

Aurora Solar Technologies provides inline process measurement, analysis, and control systems for solar cell manufacturers, essentially they create tools and software which increase the yield and profitability for manufacturers. They are weeks away from finishing a formal trial of their Insights platform with a solar cell manufacturer and will be releasing it as a subscription based software program.  Insights will increase the profit margins for solar manufacturers. They estimate an annual savings of 6-13 million US dollars for each 5 gigawatt factory.

Aurora SolarTech has created a software as a service (SaaS) solution to save solar cell manufacturing companies 6-13m for every 5 gigawatt factory that it is installed in.  There are about 40 of these factories worldwide and with a first-mover advantage they estimate that they can get into about 65% of them (26 factories) time line.  Assuming the low end of savings (6 million) and a planned subscription fee of 15% of savings (900k annually) would give them 23.4 million in recurring revenue.  This should be able to increase the share price roughly by 9X from today’s price of 0.265 CAD by 2024 (or early 2023 if they have greater improvement or market penetration) and set the company for a 25% year over year revenue growth. Current investor presentation can be found HERE.

Stock overview:

Fully Diluted Outstanding Shares 160,899,725
(Includes warrants of 7,715,000 and options of 9,260,000)
Float – 121.05 Million
Short Interest – 49k Shares shorted aka .16%
Institutional Ownership 14.9%

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.



Newlox Gold Samples 77.1 grams of gold per tonne at Historic Boston Mine, Costa Rica 450 % higher than previous estimates!

Company: Newlox Gold Ventures Corp
Listings : Canadian Securities Exchange, Frankfurt
Tickers: LUX , NGO
Market cap at time of publication: $ 49 MCAD
Stock price at time of publication: $0.335 CAD
Number of shares fully diluted: 190,390,637
Business: Environmentally friendly and socially responsible gold mining
Market Size: US$180bn 
Website: https://newloxgold.com/

Vancouver, BC, 29 September 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX  Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce grab sample results as high as 77.1 grams per tonne gold from the most accessible portions of the historic Boston Mine in Costa Rica. The Boston Mine is currently being exploited by Newlox Gold’s local mining partners with whom Newlox has partnered to supply primary feedstock to the Company’s Boston Processing Plant, which is now at an advanced stage of construction.

Highlights
 Grab samples were taken by the Company’s geological team from vein structures identified by the Company’s local mining partners at the Boston Mine. Four grab samples from prominent veins in easily accessible areas of the Boston Mine were assayed using the Fire Assay method, returning 46.57 g/t Au, 67.80 g/t Au, 73.28 g/t Au, and 77.10 g/t Au respectively. These results affirm historical data indicating the presence of high-grade gold associated with epithermal quartz vein systems at the Boson Mine, however the reader is cautioned that such grab samples are not necessarily indicative of the mineralization in general for the deposit. A National Instrument 43-101 report by Veritas Mining C.R. S.A. in 2011 on the Boston Project and surrounding Juntas Gold Camp published a historical resource of 241,000 tonnes containing 20,800 oz of gold and an exploration potential of between 685,000 and 981,000 ounces. A substantial portion of the exploration potential was ascribed to the Boston Project area.
The Company has under construction its second environmentally and socially positive precious metals recovery plant at the Boston Project, which is intended to process feedstock newly extracted by the Company’s local mining partners. In anticipation of the commissioning of the Boston Processing Plant, the Company’s mining partners are reconditioning the Boston Mine adits (tunnels) and identifying veins of interest for sampling and future mining.

At the Boston mine, historical records and recent local mining indicate four mining levels, targeting a system of steeply dipping northeast-trending veins up to 5 meters thick, with grades up to 77.1 grams per tonne, that are readily accessible for immediate exploitation. As with other concessions in this area, bonanza-type shoots with higher grades may be anticipated.

Newlox plans to operate the mill at Boston capable of processing 150 tonnes per day of material grading +- 15 grams per tonne gold with an anticipated gold recovery of 90%. All feedstock is to be provided by Newlox’s mining partners, with profits to be split evenly between the parties. The Company expects the Boston Project to contribute significantly to Newlox’s near-term growth.

A Message from Ryan Jackson, President and CEO:
 
“These first outstanding high-grade gold results from grab sampling at the historic Boston Mine support both historical exploration results and confirm mining reports provided by the Company’s local mining partners.

We are encouraged that the easily accessible vein structures within the Boston Mine, which are currently slated for immediate exploitation by the local miners, have returned gold grades in excess of 70 grams per tonne. Although the grab sample results do not necessarily indicate the mineralization in general for the deposit, the findings support historical and current data on the Boson Mine.

Positive sampling results from the Boston Mine are especially timely since construction at the Boston Plant is nearing completion. Like many of the Company’s initiatives in 2021, construction at Boston is behind schedule but is progressing nicely.

This year, we have been frustrated by significant delays due to the pandemic and the associated global supply chain disruptions. The Company has had key members of its management and engineering team affected directly by the COVID-19 virus. Additionally, equipment and consumables were delivered over three months later than expected.

These challenges have led the Company to lose time but not resolve.”

Outlook

Newlox Gold enjoys both a robust treasury, and an experienced technical team that has implemented numerous strategies to overcome supply chain challenges at operations. Our team is completing the ramp-up of Project 1 (our operational tailings remediation project), which is already cash-flow positive and improving each month. The team will complete the construction and commissioning of the Boston Project and will then be positioned to support both our regional growth strategy in Central America, and our new activities in Brazil. 

ESGFIRE Comments:

We are very pleased with the results that came in today from Newlox Gold second plant also known as the “Boston project”. The four samples that were taken from prominent veins in easily accessible areas gave the following results “46.57 g/t Au, 67.80 g/t Au, 73.28 g/t Au, and 77.10 g/t Au respectively.” These results are 450 % higher than indicated from the management presentation which counts on a material grading of just 15 grams of gold per tonne. Although the median average cannot as a whole be indicative of what the entire ore body looks like and will produce these samples are definately a very positive sign in the right direction!

These results strengthen our confidence that the “Boston project” will be very profitable and take part in funding future expansion. We look forward to seeing the “Boston project” be up and running before the end of the year.

According to the companies presentation, at full capacity this plant will reach 20 000 ounces (566 990 grams ) of gold each year.
This number may very well be exceeded if the ore gradings on the median average are anywhere near what the samples indicate.



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.

Environmental Waste International Announces Updates on Windspace Agreement and ESGFIRE comments!

Company: Environmental waste international
Listings :TSXV , US OTC
Ticker: $EWS $YEWTF 
Market cap at time of publication: $35 MCD
Stock price at time of publication: 0.135 CAD
Business: Tyre and waste recycling through reverse polymerization
TAM Market size: 158 billion $
Comparable peer : Scandinavian Enviro systems $SES
Peer market cap: 160 MCAD
Website: https://www.ewi.ca/

September 28, 2021) – Environmental Waste International Inc. provides an update on its agreement with WindSpace
A/S (“WindSpace”) that was previously announced on August 20, 2020. The parties are continuing to
work toward the development of a 100 metric ton per day waste tire recycling plant in Nyborg,
Denmark.

WindSpace has retained Green Giraffe, a leading renewable technologies financial advisor to assist
them in raising capital for the Nyborg plant. WindSpace is in discussions with a number of
institutional investors, and they hope to complete financing by the end of 2021, but there can be no
assurance that financing will be completed.
WindSpace has developed plans and is seeking financing to build a second 100 metric ton per day
facility in Nyborg as a result of conversations with and ongoing interest from a leading global
industrial manufacturer to become a strategic partner in its projects in Nyborg.
Due to the lengthy lead time related to the plant development in Nyborg, the parties have amended
their agreement to eliminate their exclusive arrangement across Europe. Instead, the parties will
focus their near-term efforts on development of two 100 metric ton per day plants in Nyborg and
have agreed to revisit long-term cooperation opportunities at a later stage.
Separately, on March 22, 2021, EWS announced a conditional agreement with Torreco, Inc. for an
investment of $7 million in Ellsin Environmental Inc., its subsidiary which owns its plant in Sault Ste.
Marie, Ontario. Terreco has funded $1 million and now owns 10% of Ellsin. Due to a number of
factors including travel restrictions, the Torreco funding has been delayed. There can be no
assurance that the balance of the Torreco financing will be completed. EWS continues to move
forward with the upgrade and commercialization of the Sault Ste. Marie plant and will seek financing
elsewhere, if necessary.

ESGFIRE comment:
We are very positive to see that things are progressing with Windspace, although slower than planned due to Covid. Material improvement is to be seen in the fact that Windpace is now planning on building TWO 100 metric tonne per day facilities as a start and NOT only one which should add more revenues for the company within the next year. We are also confident that the company should be able to find additional financing in the unlikely event that their partner Torreco does not fulfill their obligations. We have been increasing our position lately in the 0.13-0.15 CAD range and we remain positive to the company’s development.
Should the stock drop further we will add more to our position.

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.



Cielo Announces Fiscal Q1 2022 Conference Call and Webcast

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 316 MCAD at time of publication
Share price: 0.485 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Announces Fiscal Q1 2022 Conference Call and Webcast

VANCOUVER, BC / ACCESSWIRE / September 28, 2021 / Cielo WasteSolutions Corp. (TSXV:CMC)(OTCQB:CWSFF) (“Cielo” or the “Company”) intends to file its financial statements and management’s discussion and analysis for fiscal Q1 2022 on SEDAR after markets close on Tuesday, September 28, 2021.

The Company will host a conference call on Wednesday, September 29, 2021 at 8:00 a.m. MT (10:00 a.m. ET), during which Cielo’s Board Chair and President, Don Allan, CEO and COO, Gregg Gegunde, CFO, Stephanie Li, and Corporate Secretary and General Counsel, Chris Sabat, will discuss the Company’s financial and operating results followed by a question and answer session. A live audio webcast of this call is available by entering the following URL into your web browser:

https://produceredition.webcasts.com/starthere.jsp?ei=1500890&tp_key=1767e5afbd

Conference Call Details:

Date: Wednesday, September 29, 2021
Time: 8:00 a.m. MT / 10:00 a.m. ET
Dial In: North America: 1-888-664-6392
Dial In: Toronto Local / International: 416-764-8659

Replay: North America: 1-888-390-0541
Replay: Toronto Local / International: 416-764-8677
Replay Passcode: 200946 #

The conference call replay will be available until October 6, 2021 and the webcast will be available until December 29, 2021.

Legal Disclaimer

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. ANNOUNCES $10 MILLION FINANCING

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $192MCAD
Stock price at time of publication: $6.21 CAD ( reverse split price 2,07 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 $414 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp. , a leading supplier of electric, CNG, gas and clean diesel vehicles, announces a non-brokered financing of unsecured convertible debenture units in the principal amount of CAD$10,000,000  The Company will use the proceeds for general working capital and to fund contract requirements for recently received Vicinity bus orders. The Offering of the Units is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (“TSXV”), and the Company expects to complete an initial closing of the Offering shortly.

Each Unit will be sold at an offering price of $985.00 per Unit and will consist of one 8% unsecured convertible debenture of the Company in the principal amount of $1,000 (each, a “Debenture”) with interest payable upon maturity being 12 months from the date the Debentures are issued and 40 common share purchase warrants (each, a “Warrant”) expiring 12 months after the date of issuance of such Warrants. The Debentures will be repaid in cash at maturity. Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $7.50 per Warrant Share at any time up to 12 months following the closing date of the Offering , subject to adjustment in certain events.

The Debentures, in whole or in part, will be convertible into common shares of the Company at the option of the holder at any time following the occurrence of an event of default (as defined in the Debentures) that is uncured for a period of ten (10) business days, at a conversion price equal to the market price on the date the event of default. Holders converting their Debentures will receive accrued and unpaid interest thereon to the date of actual conversion.

The Company will have the right at any time, on 10 days’ notice, to prepay the Debentures, in whole or in part, pro rata among the holders. The repayment shall be in cash, against the principal amount of the Debenture plus accrued and unpaid interest.

The Company anticipates paying an administrative fee(s) of 0.5% of the funds raised, or a portion thereof, to eligible parties under applicable securities laws.

The Debentures, Warrants and the Common Shares issuable upon the exercise of the Warrants or conversion of the Debentures will be subject to a statutory resale restriction of four months and one day from the date of closing. The Company may pay finders’ fees in accordance with TSXV policies.

“We are pleased to announce this friendly debt financing, made possible by the support from some of our key shareholders,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Our core business has seen robust growth year-to-date, the construction of our Buy-America compliant facility in Washington State is well underway and we continue to expand into exciting new products lines and geographies. I look forward to continued execution in the months ahead as we strive to create sustainable, long-term value for our shareholders.”

ESGFIRE comment:
We are very pleased to see that Vicinity Motors has secured non dilutive financing from existing shareholders. We see this as a sign of strength and also increasing shareholder value by not executing a dilutive financing at current levels which we think are very undervalued compared to other EV peers. This action signals strong confidence from the company and great faith from current top shareholders!

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.

Cielo provides operational update and ESGFIRE announces temporary Exit

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 411 MCAD at time of publication
Share price: 0.63 CAD at time of publication
Industry: Converting waste to renewable fuel

September 27 2021: Cielo WasteSolutions Corp today announces that Mr. Gregg Gegunde, Chief Operating Officer of the Company, has also assumed the role of Chief Executive Officer alongside Mr. Don Allan, who will remain President and Chair of the Board of Cielo. Mr. Allan and Mr. Gegunde will share the responsibilities previously undertaken solely by Mr. Allan as the Company continues through its next phase of growth.

Management Team Growth

As President, CEO and Chair of the Board of Directors, Mr. Allan has led the Company through several years of research and development activities, bringing the Company to a point of demonstrating a successful track record of diesel production, which the Company will continue to build on today. Mr. Gegunde, during his tenure as Chief Operating Officer of the Company, has proven to the Company’s management team and Board of Directors his abilities and commitment to the Company, its technology and its objectives. Mr. Allan and Mr. Gegunde will work together with the rest of the management team at Cielo to continue forward with the Company’s research and development and business plans. While the Company has experienced delays in the past in advancing the commercialization of its technology, with its proof of concept in place, the Company believes it is on a clear path to commercialization of its technology on a large scale.

Don Allan, President of Cielo, commented: “We are very lucky to have added a very strong senior management team. Gregg has proven his experience with senior management decisions and his strong engineering skills. Cielo is growing into a much stronger and loftier company, and we are lucky to have Gregg accept the promotion to CEO, I look forward to working with Gregg to continue the substantial increase in Cielo.”

Gregg Gegunde, Chief Executive Officer and Chief Operating Officer of Cielo, commented: “The current Cielo management team and dedicated Board of Directors were drawn to this organization because of the tremendous potential impact we see from deploying our solution. We truly believe Cielo presents a unique opportunity to help our planet deal with the massive amounts of waste by-product generated by society, but also to provide a greater supply of diesel, which is a cleaner energy source that can help support the ongoing demands of our North American lifestyle. This team is motivated by the opportunity to generate a greener energy supply that improves the sustainability of our planet while also creating the kind of organization capable of generating meaningful returns for our shareholders. I look forward to leading Cielo with Don and the rest of the Cielo team.”

Annual General and Special Meeting

Generally, Cielo has focused in recent months, in particular in line with its transition to the TSX Venture Exchange (“TSX-V”), on attracting qualified and dedicated directors and management to contribute to the advancement of the Company’s objectives as a TSX-V listed issuer. In recent months, the Company has built what the board of directors (the “Board”) and management believe to be a strong and qualified set of individuals. The Board and management may experience additional changes as it continues to grow and adjust to its objectives.

As a result of recent changes to the Board, the Company will be filing an Amended and Restated Notice of the Annual and General Meeting of the Shareholders, to be held on October 21, 2021, and a related Amended and Restated Management Information Circular and Form of Proxy (the “Proxy Materials”), however no other material changes to the Proxy Materials anticipated. The Board is actively engaged in the process of identifying new and suitable candidates who can bring the necessary skills and commitment needed to continue propelling the Company forward and will provide updates as they become available, including in the Amended and Restated Proxy Materials.

Operational Update:

The Company is pleased to also share an update concerning operations:

  • The desulfurization process unit is still on track for warm-up and start-up before the end of September, 2021. Once the unit is on-line, the Company’s primary objectives are to:
    • confirm the ability to produce diesel with a sulfur content that complies with road diesel requirements;
    • monitor, trend and measure system performance parameters for design purposes; and
    • gain an understating of expected operating costs.

While continual operation of the desulfurization unit is not critical to operation, we will operate the unit as required.

  • The existing process at the Company’s facility in Aldersyde, Alberta is currently undergoing design enhancements and system modifications. In the immediate term, attention is being directed to demonstrating the concept of a continuous steady-state operation. This includes the three process blocks of the system that are currently in design: (i) the inlet feed system, (ii) the reactor and, (III) the biomass waste management system. We will be able to update the market in the near future regarding the status, progress and tuning of this facility.
  • Cielo is in the design stages of a scaled-down version (60-litres per hour (“lph”)) of a complete process system that is intended to mimic a full-scale 4,000-lph facility. Based on the current timeline, management anticipates approaching the fabrication and construction phase by Q1-2022 which is planned to be constructed at Cielo’s new, recently announced site at Fort Saskatchewan, Alberta. The purpose of this research facility is to achieve a very high degree of detailed performance characteristics, feedstock yields, optimum carrier fluid design, rector design, catalyst experimentation and a detailed material balance for the system. This system is expected to give Cielo the flexibility to experiment with a greater range of pressure and temperature regimes, reactor configurations and catalysts to greatly enhance the quality of the fuel yield. The detailed lab-grade engineering output is expected to facilitate the confidence to successfully design full-scale commercial plants with predictable performance, capital cost expectations and operating cost metrics.
  • The Company has also made improvements in its processes, both in the corporate and operational contexts, taking steps to bolster the underlying strength and integrity of the organization overall.
    • As a responsible and trustworthy organization, Cielo is focused on ensuring the health and safety of its employees, contractors and partners, while also striving to minimize the environmental footprint of its operations. Under the leadership of Mr. Gegunde as COO, improvements to health and safety measures are being employed across Cielo’s operations.
    • Cielo has also established a robust internal engineering team with the goal of minimizing reliance on external engineers or consultants, maintaining control over all intellectual property and processes, and driving down overall costs within the organization. As needed, Cielo has built a professional working relationship with a leading third-party engineering consulting firm to ensure the Company is ideally positioned to execute. Through the development and implementation of new and more rigorous engineering standards, management expects to have stronger business processes and feedback controls, which has been a primary focus over the last quarter and will continue to be a focus as Cielo continues towards commercialization.
  • The opening of the Calgary office allows Cielo to attract additional professionals who are focused on creating effective cost controls, instituting budgeting processes and capturing synergies as a result of Cielo’s team being centralized.

Release of Fiscal Q1, 2022 Results & Conference Call

Cielo anticipates filing its financial statements and management’s discussion and analysis for the three months ended July 31, 2021 on September 28, 2021, and in the interests of enhancing engagement with shareholders, plans to host a conference call and webcast to discuss both the results as well as the recent developments and future outlook for Cielo the morning of September 29, 2021. Further details, including dial-in numbers and webcast links for the event, will be provided in the coming days.


ESGFIRE comment:
We have been caught by surprise with the latest complications in quality of high continous flow and the first delay in the dezulfurization process as well as recent changes to the board.We note a change of communication from the company regarding the Desulfurization process as follows:
In the operational update of 2/9 2021 Cielo stated ” Commisioning of the desulphurization process equipment is expected to be completed by the end of September, 2021.”
In todays (27/9 2021) operational update the communication from Cielo has changed to “The desulfurization process unit is still on track for warm-up and start-up before the end of September, 2021. ” We are unsure what this change in communication originates from, it could be an unintentional change but nontheless we find it concerning. The latest departures of two board members in Andrea Whyte and Mr. George H. Brookman is also concering especially since the two board members joined the company less than 2 months ago. Finally we find it most concerning that Cielo seems to be further away from steady high quality continous flow than we had previously anticipated and the fact that they see the need for a construction of a 60 LPH test device. We have therefore decided to temporarily remove Cielo from the ESGFIRE portfolio until we see that the company reaches continous high quality flow of atleast 500 LPH and a complete success with their Desulfurization commissioning, when these milestones are reached we are positive to once again add the company to the ESGFIRE portfolio, meanwhile we will continue to monitor and report news released by the company.

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. Receives Over $15 Million in Orders for 38 Vicinity Classic Buses

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , NASDAQ
Ticker: VMC.V & VEV
Market cap at time of publication: $171MCAD
Stock price at time of publication: $5,53 CAD ( reverse split price 1,84 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 $389 MCAD
Website: https://vicinitymotorcorp.com/

Vicinity Motor Corp a leading supplier of electric, CNG, gas and clean diesel vehicles, today (23/9 2021) announced the receipt of over $15.5 million in new purchase orders from three Québec, Canada transit operators for a total of 38 Vicinity™ Classic buses.

Pursuant to the terms of the supply agreements, Robert Paquette Autobus et Fils Inc. ordered 18, Transcobec (1987) Inc. ordered 11, and Autobus Yves Seguin et Fils Inc. ordered 9 Vicinity™ Classic buses, which will all be in service with Canadian public transit agency EXO. The Vicinity™ will be serving the cities of Oka, St-Joseph-du-Lac, Pointe-Calumet, Sainte-Marthe-sur-le-Lac, Doux-Montagnes, Saint-Eustache, Boisbriand, Sainte-Thérèse, Blainville, Rosemère, Bois-de-Fillions, Saint-Jérôme, and Sainte-Anne-des-Plaines. These orders are for delivery in 2022 and join the current operating fleet of 79 Vicinity™ buses in the Province of Quebec.   

“Our Canadian market leadership in the mid-sized heavy duty segment continues to drive robust revenue and growth,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Vicinity’s strong position in Canada is a testament to our flagship status and large base of satisfied, long-term customers. We look forward to servicing countless travelers throughout Quebec with these exciting new bus orders.”

“We are leveraging the strong sales of VicinityTM buses to position us for early leadership and growth for our electric vehicle offerings including the Vicinity LightningTM EV and VMC 1200 Class 3 Truck. Both of our EV product lines are showing accelerating momentum with firm orders of 29 Vicinity LightningTM EV buses currently in production, with many more that we believe will be ordered in the near-term. We believe our wide lineup of both traditional and electrified vehicles will allow us to further expand our market share throughout North America, addressing all opportunities and helping to create sustainable value for our shareholders over the long-term,” concluded Trainer.

ESG comment:
Vicinity Motors continues to add impressive orders. The one announced in this press release likely won’t be delivered until 2022 however we still feel sure that the company will meet our expectations for revenues totalling 55-60 MCAD for fiscal year 2021!

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.

Market update 20/9 – Cash position now 30 %

We have temporarily chosen to sell our positions completely in the companies below ( sell order has been executed today 20/9)
to have some dry powder for anticipated market turbulence. We aim to rebuy these positions in full within 4-8 weeks. Rarely do we try to time markets so this course of action is not advisable for everyone. We do however believe that there are no near term (4-8 weeks) triggers for the companies below hence we are not scared to exit temporarily.

Positions sold temporarily


Absolicon – sold in full
Nuvve Corp – sold in full

Current market offers, what we think is a good entry point in the following companies:
Desert Control
Aduro Clean Technologies
Solarvest Bioenergy
Hydrogenpro ( On our watchlist, no position yet)

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

CIELO ANNOUNCES FILING OF ANNUAL FINANCIAL STATEMENTS
AND ANNUAL RESULTS

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 483 MCAD at time of publication
Share price: 0.74 CAD at time of publication
Industry: Converting waste to renewable fuel

September 20, 2021 – Vancouver, British Columbia, Canada – Cielo Waste Solutions Corp.
announces the filing of its annual audited financial statements for the year ended April 30, 2021 , related
management discussion and analysis and officer certificates, together with the Financial Statements and the MD&A on http://www.sedar.com as required pursuant to applicable securities laws. All currency in this press
release is denoted in Canadian dollars.


2021 FINANCIAL OVERVIEW


• Total assets increased by $24.8 million as at April 30, 2021 compared to April 30, 2020. The
increase was due to $17.1 million increase in cash, mainly as a result of the conversion of
convertible debentures and the exercise of warrants, and $8.1 million increase in property,
plant and equipment related to the construction activities at Aldersyde facility.
• Total non-current liabilities decreased by $7.7 million as at April 30, 2021 compared to April
30, 2020. The decrease was due to the repayment of a secured loan and the conversion of
convertible debentures.
• Working capital deficiency decreased by $2.8 million to $0.7 million as at April 30, 2021 as
a result of $17.1 million increase in cash, partially offset by the increase in short-term warrant
liability, deferred revenue and fees, and accounts payable and accrued liabilities compared to
April 30, 2020.
• The net loss for the year ended April 30, 2021 was $39.7 million, an increase of $35.5 million
compared to $4.2 million net loss in the prior year, due to the following:
• The non-cash loss on fair value of warrant liability of $28.5 million in the current year,
primarily as a result of the increase of Cielo’s share price from $0.04 as at April 30,
2020, to $0.92 as at April 30, 2021
• The recognition of prepaid interest costs of $3.5 million included in financing cost,
primarily as a result of the early conversion of convertible debentures in the current
year
• The increase of $0.9 million in research and development expenses in the current year
compared to fiscal 2020 related to the Aldersyde facility

Don Allan, CEO, commented: “Despite the delay in the filing of our Annual Documents, the
management team has been committed to improve every aspect of our performance, including
internal controls and financial reporting. We believe that our investors should have confidence as
a result of the audit procedures by KPMG which were supported by our management team. This
is the baseline from which we will measure our performance and hold ourselves accountable to
our shareholders.”
In previous news releases dated August 27, 2021 (the “Aug 27 PR”) and September 7, 2021, the
Company announced the management cease trade order (the “MCTO”) issued by the British
Columbia Securities Commission (the “BCSC”) pursuant to National Policy 12-203 –
Management Cease Trade Orders.
The MCTO was issued in connection with the delayed filing of the Annual Documents. Upon
the filing of the Annual Documents, the Company believes that it has satisfied the conditions
of the BCSC in order to have the MCTO lifted.
The MCTO does not affect the ability of shareholders who are not insiders of the Company
to trade their common shares of the Company. The CEO and the CFO pursuant to the
MCTO, and the insiders of the Company as imposed by the Company, continue to be under
a trading blackout as previously disclosed until the MCTO is lifted by the BCSC.
As disclosed in the Aug 27 PR, the previously issued financial statements for the fiscal year ended
April 30, 2020, and the corresponding management’s discussion and analysis (collectively, the
“Restated Documents”), have been restated in the comparative figures presented in the Annual
Documents. The Restated Documents replace and supersede the respective previously filed
financial statements and management’s discussion and analysis for the year ended April 30, 2020.
The effect of the restatements does not impact the Company’s cash position, or the number of
shares previously reported as outstanding.

ESGFIRE comment:
Cielo Waste Solutions finished the quarter ending april 30th with a cash balance of 17 MCAD.
The company could receive upwards of 2.5 millon CAD in outstanding warrants , the average exercise price is 0.10 CAD.
For the financial year of april 2020 to april 2021 not counting in the loss of fair value for warrants the burn rate for Cielo was approximately 11.2 million CAD per year , or 2.8 million CAD per quarter. Since close to 6 months have passed since april we can now assume the cash balance is down to 11,4 million CAD which should be sufficient to keep the company going for another year ( or 4 quarters) assuming the costs don’t go up exponentially.

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


CIELO ANNOUNCES APPOINTMENT OF ANDREA WHYTE TO BOARD OF DIRECTORS AND PROVIDES MCTO UPDATE

Ticker: CMC.V / CWSFF
Listings: TSX Venture Exchange / US OTC / Frankfurt
Website:https://www.cielows.com/
Market Cap: 374MCAD at time of publication
Share price: 0.58 CAD at time of publication
Industry: Converting waste to renewable fuel

Appointment of Andrea Whyte
Andrea Whyte is a Partner, with Osler, Hoskin & Harcourt LLP (“Osler”). Ms. Whyte’s practice
focuses on corporate finance, mergers and acquisitions, corporate governance, executive
compensation and general corporate matters.
Andrea’s leading expertise has been recognized by Chambers, Lexpert, International Financial
Law Review (IFLR) and Best Lawyers. Andrea is also a director of several non-profit and private
companies.


Ms. Andrea Whyte stated “I am delighted to join the Cielo board and be part of a company
focused on providing clean, innovative, renewable energy solutions to address excess waste. I
look forward to working with Don Allan and the entire Cielo team.”
Don Allan CEO of Cielo stated: “I am pleased and honoured to have Andrea Whyte join our
Board. Ms. Whyte will be an active member taking the “Lead Director” role. I look forward to
working with Ms. Whyte and welcome her to the Cielo Team.”

Update on MCTO
“The Company is also providing an update with respect to the previously announced management
cease trade order (the “MCTO”) issued by the British Columbia Securities Commission (the
“BCSC”) pursuant to National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”),
as announced on August 27, 2021, and subsequently September 7, 2021 (the “Previous News
Releases”). The MCTO was issued in connection with the delayed filing of its annual audited
financial statements for the year ended April 30, 2021 (the “Financial Statements”), related
management discussion and analysis (the “MD&A”) and officer certificates (the “Certificates”,
together with the Financial Statements and the MD&A, collectively the “Annual Documents”)
on http://www.sedar.com as required pursuant to applicable securities laws.
The Company has been advised by its auditors that a short additional period of time is required to
complete their final review of the Annual Documents. The Company expects to file the Annual
Documents no later than September 20, 2021.

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