Month: November 2020

Release – First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) – Drilling Identifies Gold System Stretching 1.4km at Its Gold Target on the Carlin Gold Trend, Nevada

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First Vanadium Drilling Identifies Gold System Stretching 1.4km at Its Gold Target on the Carlin Gold Trend, Nevada; Drilling Ongoing

 

Vancouver, British Columbia–(Newsfile Corp. – November 30, 2020) – First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (“First Vanadium” or the “Company“) is pleased to summarize results from drillholes RC20-02 and RC20-03 from the on-going first reverse circulation drill campaign on the north-south trending gold target corridor within the Carlin Vanadium-Gold Property on the Carlin Gold Trend of Nevada. Results from RC20-02 and RC20-03, 1.4 kilometres south from previously reported RC20-01, also display Carlin-style gold system alteration and metal signatures, interpreting the gold system to be in excess of 1.4 kilometres in length. The gold target opportunity was identified by renowned geologist and mine-finder Dave Mathewson, a former Newmont Regional Exploration Manager who is the Company’s Geological Advisor and is the Qualified Person spearheading and supervising the gold drilling program.

Dave Mathewson states, “Results from RC20-01 and now RC20-02 and RC20-03 are providing some sense of dimensions to this large-scale Carlin-type gold system, early on. Hole RC20-01 shows a nearly 500m vertical dimension while holes RC20-02 and RC20-03 provide a 1.4 kilometre length. Drilling is on-going. In our efforts to vector to hot spots in the gold system, our current drilling campaign is progressing well, now on hole RC20-06.”

On November 2, 2020, the Company announced results from its first reverse circulation drill hole, RC20-01, identifying the presence of a large-scale Carlin-type gold system at this location on the property. The hole exhibited 487m (1600ft) of favourable altered and mineralized lower plate rocks from 275m (900ft) depth, to the bottom of the hole at 762m (2500ft). Holes RC20-02 (vertical) and RC20-03 (-55o eastward), from the same pad 1.4 kilometres south of RC20-01, were drilled on the bases of the north-south trending gold target corridor and presence of nearby gold values with associated arsenic and mercury pathfinder metals in surface exposures and previous shallow drilling. As reported November 2, 2020 holes RC20-02 and RC20-03 were abandoned at 1160ft and 820ft, respectively, due to artesian conditions, and failed to penetrate much of the more favorable lower plate Rodeo Creek and none of the upper Popovich target units as hole RC20-01 had. However, the holes did display Carlin-style gold system alteration and metal signatures within the upper plate rocks and uppermost lower plate of probable Rodeo Creek rocks in RC20-02, confirming the gold system to also be present at this location. Hole RC20-02 exhibited moderate dolomite alteration with pyrite from 61m (200ft) depth, to the bottom of the hole. There were elevations in gold, silver, arsenic, mercury and zinc. Nearly continuous weakly elevated gold values were encountered in the intervals 56.4-153.9m (185-505ft), 283.5-309.4m (930-1015ft) and 326.1-353.6m (1070-1160ft), generally with associated elevated arsenic values. These metal elevations were not, in comparison, encountered in the upper plate rocks in RC20-01, suggesting that perhaps the system may be stronger in this southern location. Hole RC20-03 showed similar elevations in alteration, sulfides and metals as in RC20-02. The Company is planning to deepen RC20-03 with diamond drilling during milder weather conditions so that artesian water can be better managed.

On-Going Drilling

The Company announced the continuation of the drilling campaign a mere 4 days following the RC20-01 announcement, with hole RC20-06 now in progress. Hole RC20-04, drilled eastward at a 55o angle, is located 830m south of hole RC20-01. RC20-05, drilled eastward at a 75o angle, is located 430m south of RC20-01. Hole RC20-06 is located from the same drill pad as RC20-05, drilling eastward but at a shallower angle of 60o. Hole RC20-06 will thus add a third dimension and begin the vectoring process and improve the understanding of the architecture and width of the system. The drilling will apply Mr. Mathewson’s gold model shown in the November 2, 2020 press release. Samples from holes RC20-04, 05 and a portion of 06 are in the ALS Global lab in Elko with results pending.

About First Vanadium Corp.

First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit. A positive PEA on the vanadium resource was announced May 11, 2020.

Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km). The Gold Target on the FVAN property is supported by compelling science: a north-south structure with coincident gravity high and a 2km x 600m Carlin deposit-type hydrothermal alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property – all very typical of Carlin deposit-type plumbing system and gold deposits.

ON BEHALF OF FIRST VANADIUM CORP.

per: “Paul Cowley”
CEO & President
(778) 655-4311
pcowley@firstvanadium.com
www.firstvanadium.com

Technical disclosure in this news release has been reviewed and approved by Dave Mathewson, a Qualified Person as defined by National Instrument 43-101, and Geological Advisor to the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance and include the Company’s ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

Source: First Vanadium

Gevo, Inc. (GEVO) – Upcoming Milestones – Increasing Price Target

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Monday, November 30, 2020

Gevo, Inc. (GEVO)
Upcoming Milestones – Increasing Price Target

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Strong stock price performance is likely driven by hopes that some of the upcoming potential milestones will be announced shortly. While the stock price dropped sharply in 3Q2020 after capital raises to fund ongoing operations and the project financing process, stock price performance since 3Q2020 results were announced has been very strong and the stock is up 122% so far in November.

    Potential milestones over the next year:  Full or partial retirement of convert debt of ~$13 million due in December 2020; Finalizing and acquiring rights to additional plant locations; Identifying engineering firm performing FEED work; Expanding supply contract portfolio with new industry/financial partners; Identifying project financing partners, including equity investors and debt financing; Timing of process to …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

College Scholarships for Esports Gamers

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College Sports Scholarships for Esports are on the Rise

 

Esports, or electronic sports, is among the fastest-growing sport in the world. For this reason,  college scholarships, up to full free-ride tuition programs for  esports at schools have increased dramatically. The current environment is a perfect storm for collegiate esports growth – college applications are down, tuition is up, and alternatives to traditional higher-education are growing. The focus on esports as a lure for students and recognition of individual colleges and universities is spreading almost as fast as esports itself.

Universities and Colleges, as with all institutions, compete against similar establishments for customers (students). Prior to this year’s  pandemic challenges, Forbes wrote about declining admission in a December 2019 article, “About 159,000 fewer men (-2.0%) and nearly 84,000 fewer women (-.8%) enrolled in 2019 compared to 2018.”  Some of the reasons provided in the article are fewer high school graduates, high profile scandals, increased anxiety about costs and student debt, analysis of the value of college, growing concerns about admissions fairness, and political bias on college campuses’. One way at least 151 colleges have been addressing these challenges, and the added challenge of physical distancing adhered to by many institutions is by including, promoting, and solidly backing an electronic sports program. The result, scholarships are becoming common for top esports athletes.

The National Association of Collegiate Esports (NACE) is an officiating governing body for varsity esports. They work closely with Next College Student Athlete (NCSA) and the 151 member colleges to bring schools and athletes together. They also can provide coaching and the information gamers need to navigate the recruiting process and potentially obtain partial or full scholarships. As with any other college experience, fit is important for the student and as with any sports college recruitment, filling specific needs is important. The need is often dictated by the applicant’s strength in specific games.

The Games that Qualify Athletes

Esports scholarships are awarded to gamers who excel in a wide range of popular titles. If the school already has a gamer that is particularly strong in a handful of these games but weaker in others, they may seek to recruit an athlete with strong skills in those games where they lack strength. In terms of traditional sports, think of it as though a college football recruiter whose school has a star quarterback yet is in need of a kicker. The recruiter may come across a great quarterback but overlooks him in search of filling their team gap, which is a skilled kicker.

These are the games that recruiters look to see strength in:

  • Collectible card game: Hearthstone
  • Real-time strategy: StarCraft II
  • Sports games: Rocket League, FIFA, Madden
  • Fighting games: Street Fighter, Mortal Kombat
  • Multiplayer online battle arena (MOBA): League of Legends (LoL), Defense of the Ancients (DOTA) 2, Heroes of the Storm, Smite
  • First-person shooter: Overwatch, Fortnite, Counter-Strike: Global Offensive (CS:GO), PlayerUnknown’s Battlegrounds (PUBG), Paladins

Show Me the Money

Each school offering scholarships to esports athletes have different policies and criteria—the majority range from $500 to $8,000 per year. Several schools are beginning to offer full-tuition and even full-ride scholarships. Harrisburg University—which won ESPN’s first Collegiate Esports Championship in May 2019—was the first to provide full-ride scholarships to its entire 16 team esports roster.

As colleges try to find ways to bring the best and brightest to their institutions, the skills needed by student applicants are changing. There is money to be found in scholarships and programs of all types. Students should also bear in mind that a few short years after they apply for college, they are likely to be applying for a career. Strengthening that future application with skills and accomplishments while in school makes landing the perfect job that much easier.

 

Do You Know a Student  Who Could Use $7,500 for College?

Tell them about the College Challenge!

 

Informational meeting for the College Challenge research contest:

December 3, 2020, 02:30 PM Eastern Time (US and Canada)

College Challenge Information Meeting with Mike Kupinski, Director of Research Noble Capital Markets

Join Webinar
http:s://attendee.gotowebinar.com/register/90109245340248312848

 

Suggested Reading:

College Students are Invited to Show Off Their Company Research Skills

How to Invest in Esports

Heightened M&A Activity In The Gambling Space Validates ESports’ Strategy (Research)

 

Sources:

College Enrollment Declines Again. It’s Down More Than Two Million Students In This Decade.

Current Term Enrollment Estimates 2019

https://www.varsityesportsfoundation.org/

NACE

Photo:
South Dakota School of Mines and Technology esports facility ribbon-cutting ceremony.

Release – Ceapro Inc. (CRPOF) – Ceapro Inc. Reports 2020 Third Quarter and Nine-Month Financial Results and Operational Highlights

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Ceapro Inc. Reports 2020 Third Quarter and Nine-Month Financial Results and Operational Highlights

 

EDMONTON, Alberta, Nov. 27, 2020 (GLOBE NEWSWIRE) — Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, today announced financial results and operational highlights for the third quarter and the first nine months ended September 30, 2020.

– R&D activities focused on advancing the development of innovative delivery systems and yeast beta glucan as a potential inhalable therapeutic for COVID-19 –
– Q3 2020 sales of $3,476,000 compared to $2,908,000 for Q3 2019, representing a 20% increase –
– Net profit of $192,000 for Q3 2020 vs. net loss of $104,000 for Q3 2019 –
– Cash generated from operations of $4,777,000 in 2020 vs. $1,321,000 in 2019 –
– Maintained production operations during COVID-19 pandemic and completed integration of manufacturing sites –

“Over the course of the third quarter, our operations executed and adapted well, delivering significantly improved year over year results even during the final phase of integration of the production operations and despite the COVID-19 pandemic situation. We successfully completed the full integration of manufacturing operations under one roof in Edmonton, resumed the clinical trial for beta glucan as a cholesterol reducer, as well as the development and optimization of new products developed through the use of our PGX disruptive technology. Additionally, we are extremely proud of our employees who worked tirelessly since the beginning of the year to maintain operations and deliver these solid results despite the COVID-19 pandemic. As we continue to move forward, our focus remains on the health and safety of our associates, followed by business continuity,” stated Gilles Gagnon, M.Sc., MBA, President and CEO of Ceapro.

Corporate and Operational Highlights

Pipeline Development:

  • Announced publication of positive results from study evaluating avenanthramides in exercise-induced inflammation in the international, peer-reviewed Journal of the International Society of Sports Nutrition.
  • Achieved the first milestones in successful development of PGX-processed yeast beta glucan product as a potential inhalable therapeutic for COVID-19 and other fibrotic endpoint diseases of the lung.
  • Confirmed capability of PGX Technology to optimize and standardize the size and morphology of yeast beta-glucan (PGX-YBG) suitable for lung inhalation.
  • Conducted in-vitro study with human cell lines demonstrating that PGX-YBG obtained from different sources exhibited significant stimulatory effect on human immune response through activation of beta glucan specific Dectin 1 receptors.
  • Ongoing PGX-YBG project with McMaster University conducted in parallel for naïve and preclinical animal models. To-date, no safety issues have been encountered. The preclinical phase has been extended to identify the maximum tolerated dose. Progress update on this exciting project to be issued in the near future.
  • Conducting additional in vitro PGX-YBG dose response study to correlate with upcoming McMaster animal study results.
  • Resumed enrollment of patients for the clinical trial with beta glucan as a cholesterol reducing natural pharmaceutical product. 191 patients have been screened and 65 randomized during the last three months.
  • Pursued the development of new PGX-dried chemical complexes for potential applications under various forms like pills, capsules, fast dissolving strips and face masks. Yeast beta glucan to become a key product of Ceapro’s portfolio.

Technology:

  • Made significant technical upgrades of PGX demo plant to allow production of yeast beta glucan for a potential human clinical trial with COVID-19.
  • Acquired pieces of equipment suitable for the assembling of a commercial scale PGX unit. Timelines to initiate building of the customized large scale unit to be defined due to COVID-19 travel restrictions and resulting availability of expert personnel.
  • Initiated installment of a commercial scale unit for impregnation of bioactives with PGX-processed biopolymers.
  • Pursued research collaboration projects with University of Alberta and McMaster University for the impregnation of various bioactives using PGX-processed biopolymers as potential delivery systems for multiple applications in healthcare.

Production Operations:

  • Completed the decommissioning of Leduc manufacturing site and the moving of all production operations to the Edmonton based facility.

Corporate:

  • Fully repaid loan with Alberta Financial Service Corporation.
  • Advanced conversations with interested potential partners to utilize Ceapro’s innovative technologies.
  • Pursued out-licensing discussions for PGX-processed new chemical complexes.

Subsequent to Quarter:

  • Announced expansion of a grant from National Research Council of Canada for the optimization and mass production of yeast beta glucan as a potential inhalable therapeutic for COVID-19 and other fibrotic end-point disease of the lung.

Financial Highlights for the Third Quarter and Nine-Month Period Ended September 30, 2020

  • Total sales of $3,476,000 for the third quarter of 2020 and $12,415,000 for the first nine months of 2020 compared to $2,908,000 and $9,159,000 for the comparative periods in 2019. The 36% increase in sales for the first nine months is mainly due to a significant increase in sales of avenanthramides in the USA compared to the same period in 2019.
  • Net profit of $192,000 for the third quarter of 2020 and $2,395,000 for the first nine months of 2020 compared to a net loss of $104,000 and $1,299,000 for the comparative periods in 2019. An improvement of $3,694,000 for the nine-month period.
  • Excluding non-cash items, mainly amortization, adjusted net profit for the first nine months in 2020 is $ 4,035,000 versus adjusted net profit of $414,000 for the first nine months of 2019.
  • Cash flows generated from operations of $4,777,000 in 2020 vs $1,321,000 in 2019.
  • Positive working capital balance of $8,151,000 as of September 30, 2020.

“Looking ahead, while taking into account the ongoing potential economic impact related to COVID-19 and evolving consumption trends, we believe Ceapro is well-positioned to once again deliver a double-digit growth in sales well in line with the positive trend achieved over the last years. With a strong balance sheet, a group of dedicated people, and a solid base business, coupled with the innovative technologies and products that we have developed to enable us to expand, Ceapro is poised to emerge as a successful life science company,” concluded Mr. Gagnon.

The complete financial statements are available for review on SEDAR at https://sedar.com/Ceapro and on the Company’s website at www.ceapro.com.

About Ceapro Inc.

Ceapro Inc. is a Canadian biotechnology company involved in the development of proprietary extraction technology and the application of this technology to the production of extracts and “active ingredients” from oats and other renewable plant resources. Ceapro adds further value to its extracts by supporting their use in cosmeceutical, nutraceutical, and therapeutics products for humans and animals. The Company has a broad range of expertise in natural product chemistry, microbiology, biochemistry, immunology and process engineering. These skills merge in the fields of active ingredients, biopharmaceuticals and drug-delivery solutions.

For more information on Ceapro, please visit the Company’s website at www.ceapro.com.

For more information contact:

Jenene Thomas
JTC Team, LLC
Investor Relations and Corporate Communications Advisor
T (US): +1 (833) 475-8247
E: czo@jtcir.com

This press release does not express or imply that the Company claims its product has the ability to eliminate, cure or contain the SARS-2-CoV-2 (COVID-19) at this time.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Ceapro Inc.

Aurania Resources (AUIAF)(ARU:CA) – Work Advances at Tsenken Investor Call Scheduled for December 1st

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Friday, November 27, 2020

Aurania Resources (AUIAF)(ARU:CA)
Work Advances at Tsenken; Investor Call Scheduled for December 1st

As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    On the cusp of a discovery? Management believes they have found the edge of an iron oxide copper-gold (IOCG) system in the Tsenken target area with each successive hole drilled moving toward the core of the system. Scout drilling commenced in mid-September and through the end of the third quarter, three bore holes had been completed on the Tsenken N2 target for a total of 645 meters drilled and two holes were completed on the Tsenken N3 target representing 724 meters of drilling. Assay results from the first three holes are expected shortly. A sixth hole has been collared where the system appears to be strengthening toward the northwest. After Tsenken N3, the drill rig will likely move to the Tsenken N1 target. In December, a heliborne geophysical survey will commence which will provide magnetic, resistivity and conductivity information to map geological structures at depth.

    Investor conference call.  Management will host a call for investors on December 1, 2020 at 11:00 am ET to provide an update on the company’s activities. While the company’s near-term focus has been on Tsenken, we expect the company to more broadly discuss its plans to test multiple targets on the property that encompass epithermal gold-silver, silver-zinc-lead, sedimentary-hosted copper-silver …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Kelly Services Inc. (KELYA) – Expands Into Higher Education with Acquisition of Greenwood Asher Associates

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Wednesday, November 25, 2020

Kelly Services Inc. (KELYA)

Expands Into Higher Education with Acquisition of Greenwood/Asher & Associates

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Greenwood/Asher Acquisition. Monday, Kelly Services announced it had acquired Greenwood/Asher & Associates, a leading executive search firm specializing primarily in higher education. Neither terms of the deal or its impact on Kelly’s revenues were disclosed, but we would anticipate additional detail from the Company in the future. An adjacency to its existing educational services business, Greenwood/Asher expands Kelly’s offerings beyond the K-12 market. This marks the third acquisition in the educational space in the past four years for Kelly.

    Attractive Higher Educational Space.  Although we would expect Greenwood/Asher to be suffering similar negative COVID related impacts as Kelly’s K-12 business, longer term we believe the higher educational market is an attractive space. Decreasing average tenure of higher education chief executives, from about 12 years down to six years, should result in an increased volume of …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Global Crossing Airlines Inc. (JETMF) – Estimates Delivery of First Cargo Aircraft in June 2021

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Global Crossing Airlines Estimates Delivery of First Cargo Aircraft in June 2021

 

Miami, Florida (November 25, 2020) – Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the “Company” or “GlobalX“) is pleased to announce that it estimates the delivery of its first A321F, as part of the Vallair LOI announced October 20, 2020, will be June 2021. In addition to this delivery, GlobalX is close to finalizing the leases for its first two previously announced passenger aircrafts expected to be delivered in December 2020 and January 2021. To help fund the deposits on these two planes, GlobalX has completed another draw down (the “Draw Down“) under the GEM Facility in accordance with the GEM Agreement as previously disclosed. (See the news release dated May 6, 2020 for further information with respect to the GEM Agreement.)

Pursuant to the Draw Down, on November 24, 2020 GEM Global Yield LLC SCS was issued 138,000 common voting and variable voting shares (“Shares“) of GlobalX at a price of $0.8442 per Share (the “Share Price”) for gross proceeds of $116,499.60 and will be reflected as restricted cash on the balance sheet.

Ryan Goepel, EVP and CFO of GlobalX, stated, “we are happy to continue to work with GEM as they continue to support our progress. The true benefit of working with our GEM facility is that it allows us to draw the amounts needed at the right time to fund our certification and aircraft acquisitions.”

GlobalX is also pleased to announce that Management will host its monthly update through a Zoom webinar on Tuesday, December 1 at 2:30 PM EST. Interested parties are encouraged to register below.

When: December 1, 2020 – 02:30 PM Eastern Time

Topic: Global Crossing Airlines Management Update

Register in advance for this webinar:

https://us02web.zoom.us/webinar/register/WN_hqaLG4kpTpetchFFynZEXA

After registering, you will receive a confirmation email containing information about joining the webinar.About Global Crossing Airlines

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel
EVP and CFO
Email: ryan.goepel@globalxair.com
Phone: 786.751.8503

or

Jeff Walker
Vice President
The Howard Group Inc.
Email: jeff@howardgroupinc.com
Tel: 403-221-0915
Toll Free: 1-888-221-0915

 

Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the timelines for delivery of cargo and passenger aircraft, the use of proceeds of the drawdown and the creation of a cost efficient and performance focused airline.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Source: Global Crossing Airlines

Comtech Telecommunications Corporation (CMTL) – Another Major NG911 Win

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Wednesday, November 25, 2020

Comtech Telecommunications Corporation (CMTL)
Another Major NG911 Win

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    NG 911 Win. Comtech has been awarded a statewide contract valued up to $175.1 million to design, deploy, and operate Next Generation 911 services for the Commonwealth of Pennsylvania. This latest win adds to Comtech’s impressive list of NG911 wins, which include Massachusetts, South Carolina, Northern Illinois, and Australia. The Company continues to seek out additional NG911 opportunities and we believe at least one more major contract could be awarded this year.

    Contract Details.  Pennsylvania initially funded the contract for $137.4 million, of which Comtech expects to record $111.6 million as a booking during its fiscal 2021 second quarter. The term of the contract is for seven years with a potential three-year extension. We anticipate revenues to begin to flow to Comtech in the fourth quarter of fiscal 2021 and believe the contract could add …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Schwazze (SHWZ) – Schwazze: Building a Seed to Sale Colorado Powerhouse

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Tuesday, November 24, 2020

Schwazze (SHWZ)

Schwazze: Building a “Seed to Sale” Colorado Powerhouse

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Initiating Coverage. We are initiating coverage of Schwazze. Our rating and price target assume the Company is successful in its acquisition of Star Buds. At our price target SHWZ shares would trade at 3.5x projected 2021 revenue and 14.2x projected 2021 EBITDA.

    Experienced Management Team.  Lead by former Albertson’s executive Justin Dye, Schwazze has assembled a management team with deep experience in both the cannabis business as well as finance, M&A, and operations. Significantly, Mr. Dye and the executive team are highly motivated through their ownership interest in delivering success for shareholders …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Energy Fuels (UUUU) – To Present at the H.C. Wainwright Virtual Mining Conference on Monday, November 30 at 3:00 pm ET

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Energy Fuels to Present at the H.C. Wainwright Virtual Mining Conference on Monday, November 30 at 3:00 pm ET

 

LAKEWOOD, Colo., Nov. 24, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that the Company’s President and CEO, Mark S. Chalmers, will present at the H.C. Wainwright Mining Conference on Monday, November 30, 2020 at 3:00 pm ET. The conference will be held on November 30 and December 1, 2020.

During his live webcast, Mr. Chalmers will provide an update on the Company, including progress on its uranium and rare earth element (REE) initiatives.

To join the webcast, please click on the following link:

Energy Fuels’ H.C. Wainwright Presentation

Mr. Chalmers will also be available to participate in one-on-one meetings with investors who are registered to attend the conference via Zoom. If you are an institutional investor, and would like to schedule a meeting with Mr. Chalmers, please click on this link to register for the conference and request a meeting.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is evaluating the potential to recover rare earth elements at its White Mesa Mill. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also on standby and has a licensed capacity of 1.5 million pounds of U3O8 per year. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

SOURCE Energy Fuels Inc.

For further information: Investor Inquiries: Energy Fuels Inc., Curtis Moore, VP – Marketing and Corporate Development, (303) 974-2140 or Toll free: (888) 864-2125, investorinfo@energyfuels.com; www.energyfuels.com

Are We Headed to Another Oil Collapse?

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Oil Storage Numbers are Worth Watching

 

Cushing, Oklahoma is a major trading hub for crude oil and a price settlement point for West Texas Intermediate (WTI) oil prices. It is located at the intersection of many pipelines and has 91 million barrels (MMbbls) of oil storage capacity. As such, most of the oil that is produced in the Permian Basin flows through Cushing, with 6.5 MMbbls of oil flowing in and out of Cushing each day. An estimated ten MMbbls of new storage and 1.6 MMbbls of exit capacity is being considered to address current bottlenecks.  Those bottlenecks became clear at the end of April when traders were caught with long oil positions at Cushing and no place to store or transport the positions. WTI oil prices turned negative briefly as traders scrambled out of positions. In hindsight, the issues seen in April seem obvious if one was tracking the rise in storage levels that occurred in March and April as the pandemic sapped demand, but producers kept on producing. With COVID-19 cases growing again, we see a similar story unfold as Cushing oil inventories approach levels seen last April. Are we headed to another oil price meltdown? Or, has the market learned its lesson?

 

 

The Reasons Why Oil Prices May Be Headed for A Crash

The current situation is looking eerily like last spring. COVID-19 cases are rising, and government officials are putting new restrictions in place. People are driving less as they work out of their homes and stop going out to restaurants and theaters. Gasoline represents 44% of the output of a crude oil barrel. Distillate fuel oil (28% of crude oil) is turned into diesel fuel and heating oil, which are also affected by pandemic mitigation. Jet fuel (10%) has also been negatively affected as recreation and business travel has decreased. The result is that refineries are running at low capacity with decreased demand for its products, which means it has less demand for crude oil.

 

 

With the number of COVID-19 cases growing, there is little indication that crude oil demand will return in the foreseeable future. On the demand side, producers have not shown signs of reducing production. With wells taking several months to drill, a supply response generally does not come in response to one month’s rise in storage. Shutting in existing production is a possibility, but shutting in and restarting production is expensive, and companies are unlikely to take such drastic steps if the drop in price is viewed as a temporary event.

 

The reason why oil prices are not headed to a crash

The crash of last spring was due to traders being caught in long oil contracts with no place to store the product. As recently as January, money managers had large open oil positions. They began exiting these positions in February and March, but it wasn’t until April that they were forced to exit positions at a loss. Turning to the current situation, we do not see the same involvement in the market by money managers. Long positions have held steady. There is less speculation in the oil market today than there was last spring, and speculation leads to price volatility.  It is reasonable to assume, then, that the traders currently taking long positions in the market are doing so to meet demand and not because they are betting on oil prices.

 

 

It is also important to remember that WTI prices do not represent the entire oil market. When WTI prices crashed last spring, it’s worth noting that Brent oil price did not. That may come as little comfort for energy companies operating in the Permian Basin, but it should provide some comfort for energy companies in other operating areas.

 

 

It is too early to say whether we are headed to a repeat of last spring. Higher storage levels are a concern but not a condemnation of current price levels. With the expiration of the December future’s contract less than two weeks away, the number bears watching.

 

Suggested Reading:

Contango and the Known Risk to ETFs

Will Oil Prices Rise in 2021?

Tesla Car Batteries and Virtual Power Plants

 

Do You Know a College Student?

Tell them about the College Challenge!

 

Source:

https://finance.yahoo.com/news/america-biggest-oil-storage-hub-005607002.html, Lucia Kassai and Andrew Guerra Luz, Bloomberg, November 20, 2020

https://en.wikipedia.org/wiki/Cushing,_Oklahoma, Wikipedia

http://www.okenergytoday.com/2020/10/cushing-oil-hub-isnt-following-national-trend-of-crude-oil-storage/, OK Energy Today, October 3, 2020

https://www.cmegroup.com/education/lessons/the-importance-of-cushing-oklahoma.html#:~:text=Cushing’s%20inbound%20and%20outbound%20pipeline,of%20barrels%20of%20oil%20daily., CME Group

https://rbnenergy.com/that-was-then-this-is-now-part-2-new-crude-pipeline-capacity-out-of-the-cushing-hub, Housley Carr, RBN Energy LLC

 

Pyxis Tankers Inc. (PXS) – Lowering EBITDA Estimate to Reflect 3Q2020 and Soft Outlook

Posted on by Admin

Monday, November 23, 2020

Pyxis Tankers Inc. (PXS)

Lowering EBITDA Estimate to Reflect 3Q2020 and Soft Outlook

Pyxis Tankers Inc is a United States-based international maritime transportation company which focuses on the product tanker sector. It owns a fleet which comprises of double hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Pyxis Delta, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    3Q2020 EBITDA Below Expectations. Adjusted 3Q2020 EBITDA of $0.7 million was below our estimate due to lower TCE revenue and higher opex and G&A expenses. TCE revenue was $4.37 million, below our estimate by $0.8 million, and opex of $2.59 million was $0.3 million higher. G&A expense of $0.63 million was also $0.1 million higher. TCE rates were $801/day off our estimate and operating days were 39 days below.

    Moving 2020 EBITDA estimate down to $4.0 million (from $5.9 million) based on TCE rates of $11,843/day (down from $12,406/day) and 1,568 operating days to reflect 3Q2020 operating results, softer rates and the dry dockings on the two small tankers in October.  As of November 11th, 68% of available days booked for 4Q2020 (to earliest re-delivery) at an average MR2 gross TCE rate of $14,565/day versus …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

When Will Western Canadian Oil Producers Improve Cash Flow?

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Improved Efficiencies and Rising Oil Prices May Help West Canada Producers to Soon Generate Strong Cash Flow

 

Canada is the fourth-largest producer of oil and the third-largest exporter of oil.  Most of their production comes from Western Canada, which has a long history of oil production. About 80% of the oil produced in Canada is from the Alberta Providence, with Saskatchewan producing another 10%. About half of Canadian oil production is from oil sands deposits in northern Alberta and Saskatchewan. Oil sands (tar sands, crude bitumen, or bituminous sands) are sandstone deposits containing a mix of sand, clay, and water. Within the deposits is a dense, viscous form of petroleum that may require heating or dilution to allow the oil to flow to the surface. While oil sand production garners significant attention due to large deposits, it is worth noting that western Canada also has large deposits of more traditional oil deposits in shale formations. These formations are fracked to produce quick payouts and low decline curves, similar to the Permian Basin deposits in the United States. And like the Permian Basin wells, drilling, and operating costs are declining as companies perfect the process.

 

Lower Production Costs

Oil sand production has grown in recent years as the cost of an oil sand project has decreased 25-33%. The breakeven oil price for oil sand projects has fallen from around $65 per barrel to $45 per barrel. Oil sand production has larger upfront fixed costs due to the construction of steaming facilities. That makes them less likely to shut in or cut back drilling due to temporary decreases in prices. Shale production, on the other hand, is more flexible to changes in oil prices. Shale production also tends to be less expensive to produce than oil sand, with companies reporting production costs closer to $20 per barrel and all-in breakeven pricing closer to $30 per barrel.

 

Oil Sands bpd production has increased as conventional bpd production has remained stable

 

Western Canada Shale Plays

There are many shale plays in western Canada. The Cardium Formation is one of the largest shale formations and includes several profitable plays including the Pembina Field, the largest oil field in Alberta. Other producing areas in Western Canada include the Muskiki Formation, the Wapiabi Formation, the Blackstone Formation and the Kaskapau Formation.

As western Canadian oil production grows, new infrastructure needs to be built to transport and store oil. Delays in the construction of new pipelines has meant that the Western Canadian Select oil price trades at a discount of approximately $10 per barrel to West Texas Intermediary prices. That discount roughly offset the gains associated with converting prices from the U.S. dollar to the Canadian dollar. There is a good chance the basin discount will decrease as new pipelines are built. Mark Salkeld, president of the Petroleum Services Association of Canada explains, “The only thing holding us back is access to market and the cost.”

 

Shale oil production in western Canada went dormant when oil prices sunk last spring

 

Take-Away

With oil price rebounding during the summer, production is returning. With low production costs and improving prices, western Canadian oil producers may soon be generating strong cash flow once again.

 

Register Now for Today’s Virtual Road Show Featuring InPlayOil (IPO:CA, IPOOF):

 

Virtual Attendance of the InPlay Oil (IPOOF)(IPO:CA) Virtual Road Show – has limited free registration.

TODAY, November 23 1pm EST

Join Douglas Bartole – CEO & President as he discusses his company and answers questions from attendees. REGISTER

 

Sources:

https://en.wikipedia.org/wiki/Oil_sands

https://www.businesswire.com/news/home/20190501005040/en/Costs-of-Canadian-Oil-Sands-Projects-Fell-Dramatically-in-Recent-Years-But-Pipeline-Constraints-and-other-Factors-Will-Moderate-Future-Production-Growth-IHS-Markit-Analysis-Says, Businesswire, May 01, 2019

https://www.reuters.com/article/us-canada-oil-shale-insight/why-canada-is-the-next-frontier-for-shale-oil-idUSKBN1FI0G7, Nia Williams, Reuters, January 29, 2018

https://static.aer.ca/prd/documents/reports/DuvernayReserves_2016.pdf, Alberta Energy Regulator, December 2016

http://oilshalegas.com/cardiumshale.html, Oilshalegas.com