Month: July 2021

Release – Palladium One IP Anomaly Increased over 75 Percent, to more than 7 km at Kaukua South, Finland

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Palladium One IP Anomaly Increased over 75%, to more than 7 km at Kaukua South, Finland

Highlights

  • Kaukua South IP anomaly expanded to over 7 kilometers in length, from ~4 kilometers.
  • IP has proven to be a reliable tool for targeting high-grade mineralization.
  • A new and, the largest and strongest
    anomaly     in the Kaukua area has been discovered immediately west of the NI43-101 Kaukua pit-constrained Resource.
  • Additionally, a new large IP anomaly has been discovered on the far east side of Kaukua South. This may represent a new high-grade core zone of mineralization.
  • The Kaukua South IP anomaly has been extended northwest and to the south of the Kaukua pit-constrained Resource, thereby potentially allowing for a significant expansion of the envisioned Kaukua open-pit.
  • First release of a detailed Kaukua South long section.

July 07, 2021 – Toronto,
Ontario – Two additional Induced Polarization (“IP’) surveys were carried out in the Greater Kaukua Area to expand the known 4-kilometer long Kaukua South IP anomaly on both it’s eastern and western ends (see news release 
March
11, 2021). The results of the new surveys confirm an over 75% increase in the Kaukua South IP chargeability anomaly, which is now greater than 
7 kilometers in strike length, said Palladium One Mining Inc. (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today. Drilling to date has confirmed extensive mineralization over the initial 4-kilometer Kaukua South anomaly, the 3-kilometer expansion suggests a much large resource endowment is possible (see Long Section – Figure 3)

Derrick Weyrauch, President and CEO of Palladium One said, “These new IP survey results highlight how robust the mineralized system is in the greater Kaukua area. In 2019, the Kaukua zone was only 1.2 kilometers long, we have now outlined a zone of over 7 kilometers in length, drilled and proven mineralization over 4 kilometers of strike length and are nearing completion of infill drilling in advance of a maiden NI43-101 resource for a 2-kilometer portion of the Kaukua South zone.”

IP has proven to be a reliable technique for discovering and outlining shallow higher grade PGE-Ni-Cu mineralization at Kaukua and elsewhere on the LK project. The
NI43-101 Kaukua pit constrained Resource and the Kaukua South zone were both
discovered as a result of testing IP chargeability anomalies. The Kaukua Resource only covers a strike length of 1 kilometer, whereas the LK project includes approximately 38 kilometers of strike length of the favourable basal unit in the Koillismaa mafic ultramafic complex.

Kaukua National Instrument
43-101 pit constrained Resource Estimate (see news release September
9, 2019)

Class

Tonne
(kt)

Pd
g/t

Pt
g/t

Au g/t

PGE
(Pd+Pt+A)
g/t

Ni  %

Cu %

Pd_Eq*

Spot
Au_Eq**
g/t

Spot
Cu_Eq**
%

g/t

Oz

Indicated

10,985

0.81

0.27

0.09

1.17

0.09

0.15

1.80

635,600

2.02

1.32

Inferred

10,875

0.64

0.20

0.08

0.92

0.08

0.13

1.50

525,800

1.64

1.08

Selection of previously
released Kaukua South drill results:

  • 63 meters grading 3.5 g/t Palladium
    equivalent*     (4.1 g/t Gold equivalent**, 2.5% Copper equivalent**) in hole LK20-016 (see news release October 22, 2020)
  • 53 meters grading 2.1 g/t Palladium
    equivalent*     (2.3 g/t Gold equivalent**, 1.4% Copper equivalent**) in hole LK20-028 (see news release January 18, 2021)
    • 
    47 meters grading 2.6 g/t
    Palladium equivalent*     (2.9 g/t
    Gold equivalent**    , 1.8% Copper equivalent** ) in hole LK20-045 (see news release March 18, 2021)

Hole

From (m)

To (m)

Width (m)

Pd g/t

Pt g/t

Au g/t

Cu %

Ni %

LK20-016

23.5

86.2

62.7

1.84

0.64

0.14

0.18

0.15

LK20-028

42.6

95.5

52.9

1.00

0.36

0.08

0.11

0.11

LK20-045

122.8

170.2

47.4

1.20

0.42

0.11

0.17

0.14

Including the recent surveys, the Company completed a total of 143 kilometers of IP on the LK Project. The 2021 IP surveys were a follow up to the highly successful 2020 survey which resulted in the discovery of Kaukua South. The current surveys consisted of two grids (Figure 1 and 2.).

Kaukua West IP Survey Grid
The objective of this survey was to extend the Kaukua South anomaly further to the west (Figure 1).

The survey indicates Kaukua South swings northwest and possibly parallel the Kaukua Resource Pit. This is an important drill target as little drilling has been done in this area, and if mineralization is found it could substantially widen the existing Kaukua Pit.

Additionally, this survey detected a significant IP anomaly to the west of a fault that was thought to cut off the Kaukua Resource Pit. This is the strongest
IP response within the whole Greater Kaukua Area and could represent the chance
to discover high-grade mineralization that could support an underground
PGE-Ni-Cu mine.

Figure 1. Western half of > 7 kilometer Long IP chargeability anomaly. Showing the new Kaukua West survey area.

Kaukua East IP Survey Grid
The objective of this survey was to extend the Kaukua South anomaly at least two kilometers to the east (Figure 2).

Regional airborne magnetic data strongly suggested that favourable Kaukua-style mafic-ultramafic hosts rocks extend into this area. This hypothesis appears to be correct with a strong chargeability anomaly located on the far eastern side of the grid. This anomaly is a significant drill target and may represent another higher-grade core zone similar to the western portion of Kaukua South.

Figure 2. Eastern half of the > 7 kilometer IP chargeability anomaly showing the Kaukua East survey area

Figure 3. Kaukua South Long Section having a drill data cut-off date of February 16, 2021 (hole LK20-066). This section covers only the western portion of Kaukua South for which the Company plans to report an initial NI43-101 resource estimate in Q1 2022. The section is a vertical slice representing only the ~55° south dipping Lower Zone of Kaukua South. Intercepts are represented in both width (meters) and palladium equivalent (Pd_Eq*) grade as well as gram*meters (grade*width).

*Palladium
Equivalent (Pd_Eq)
Palladium equivalent is calculated using US$1,100 per ounce for palladium, US$950 per ounce for platinum, US$1,300 per ounce for gold, US$6,614 per tonne for copper, and US$15,4332 per tonne for nickel. This calculation is consistent with the calculation in the Company’s September 2019 NI 43-101 Kaukua resource estimate. Additionally, US$1,100 per ounce for palladium is consistent with the UBS January 2021 long-term consensus price forecast even though the current price of palladium is approximately US$2,800 per ounce.

**Spot Palladium, Copper and
Gold Equivalent
Spot palladium and gold equivalents are calculated using recent spot prices for comparison purposes using US$2,730 per ounce for palladium, US$1,090 per ounce for platinum, US$1,790 per ounce for gold, US$9,259 per tonne for copper, and US$18,298 per tonne for nickel

Qualified
Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One
Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON
BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO,
Director

For
further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

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

This
press release includes “forward-looking information” that is subject
to a few assumptions, risks and uncertainties, many of which are beyond the
control of the Company. Statements regarding listing of the Company’s common
shares on the TSXV are subject to all of the risks and uncertainties normally
incident to such events. Investors are cautioned that any such statements are
not guarantees of future events and that actual events or developments may
differ materially from those projected in the forward-looking statements. Such
forward-looking statements represent management’s best judgment based on
information currently available. Factors that could cause the actual results to
differ materially from those in forward-looking statements include regulatory
actions and general business conditions. Such forward-looking information
reflects the Company’s views with respect to future events and is subject to
risks, uncertainties and assumptions, including those set out in the Company’s
annual information form dated April 29, 2020 and filed under the Company’s
profile on SEDAR at www.sedar.com.
The Company does not undertake to update forward?looking statements or forward?looking information, except as
required by law. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ
materially from those projected in the forward-looking statements.

Release – Energy Fuels and Neo Performance Materials Announce Contract Signing and Launch of Commercial Shipments of Rare Earth Product to Europe in Emerging U.S.-Based Rare Earth Supply Chain

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Energy Fuels and Neo Performance Materials Announce Contract Signing and Launch of Commercial Shipments of Rare Earth Product to Europe in Emerging U.S.-Based Rare Earth Supply Chain

TORONTO, ON and LAKEWOOD, Colo., July 7, 2021 /CNW/ – Energy
Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels”) and Neo Performance Materials Inc. (TSX: NEO) (“Neo”) are pleased to announce that the first container (approximately 20 tonnes of product) of an expected 15 containers  of mixed rare earth carbonate (“RE Carbonate”) has been successfully produced by Energy Fuels at its White Mesa Mill in Utah (the “Mill”) and is en route to Neo’s rare earth separations facility in Estonia, creating a new United States-to-Europe rare earth supply chain.  Additional shipments of RE Carbonate are expected as Energy Fuels continues to process natural monazite sand ore (“Monazite”) mined in Georgia (U.S.) by Chemours (NYSE: CC) for both the rare earth elements and naturally occurring uranium that it contains.

This new supply chain will initially produce rare earth products from monazite that is processed into RE Carbonate at Energy Fuels’ Mill in Utah.  The RE Carbonate is then processed by Neo at its Silmet rare earth processing facility in Sillamäe, Estonia (“Silmet”) into separated rare earth oxides and other value-added rare earth compounds.  Neo is the only commercial producer of separated rare earth oxides in Europe.

Monazite, which is produced as a byproduct of existing heavy mineral sands mining, also contains naturally occurring uranium that Energy Fuels recovers for use in the generation of carbon-free nuclear energy.

This commercial-scale production of RE Carbonate by Energy Fuels from a U.S. mined rare earth resource positions Energy Fuels as the only company in North America that currently produces a Monazite-derived, enhanced rare earth material.  The physical delivery of this product also represents the launch of a new, environmentally responsible rare earth supply chain that allows for source validation and tracking from mining through to final end-use applications for manufacturers in North America, Europe, Japan, and other nations.

Energy Fuels and Neo are further pleased to announce the signing of a definitive supply agreement (the “Agreement”) by the companies’ respective affiliates. Under the Agreement, Colorado-based Energy Fuels will ship all or a portion of its RE Carbonate to Neo’s Silmet rare earth separations facility. Neo will then process Energy Fuels’ RE Carbonate into separated rare earth materials for use in rare earth permanent magnets and other rare earth-based advanced materials. Because of increasing demand for value-added rare earth materials in European manufacturing, Toronto-based Neo seeks to expand and diversify its current supplies of rare earth feedstock at Silmet, which is the only operational rare earth separations facility in Europe. Silmet has been separating rare earths into commercial value-added products for more than 50 years.

Representatives from both Energy Fuels and Neo were on hand at the White Mesa Mill to celebrate the launch of this new critical supply chain.

In addition to supplying RE Carbonate to Neo, Energy Fuels is also evaluating the potential to develop its own separation capabilities at its White Mesa Mill in Utah (U.S.), or nearby, and possibly adding metals, alloys, and rare earth permanent magnets manufacturing capabilities. As a first step, the Company has hired the French firm, Carester SAS, a leading global expert in rare earth separation and supply chains, to produce a scoping study including capital and operating costs for a full rare earth separations capability at the White Mesa Mill, which would be the next important step towards fully integrating a U.S. rare earth supply chain in the coming years, in addition to continuing to supply RE Carbonate to European markets over the long-term.

“The launch of this new supply chain is a real gamechanger for Neo and our growing customer base in Europe,” said Constantine Karayannopoulos, Neo’s Chief Executive Officer.  “This innovative U.S.-to-Europe supply chain will supplement Neo’s existing rare earth supply from our long-time Russian supplier.  It will enable Neo to expand value-added rare earth production in Estonia to meet growing demand in Europe for these materials.  It begins to unlock the extraordinary economic and environmental potential presented by utilizing low-cost rare earth feedstock from monazite ore that is a byproduct of existing mining.  And, it helps Neo ramp up rare earth production in Estonia just as Europe accelerates vehicle electrification and other initiatives aimed at mitigating climate impacts.”

“Today, Energy Fuels and Neo took significant steps toward restoring critical U.S. and European rare earth supply chains,” stated Mark S. Chalmers, President and CEO of Energy Fuels. “Energy Fuels has methodically ramped up our mixed rare earth carbonate production since we first started feeding Georgia monazite ore into our Utah mill in March. Successfully producing this rare earth product, and physically delivering the first containers of Rare Earth Carbonate to Neo, is an important achievement, not only for Energy Fuels and Neo, but also for U.S. government efforts to restore critical rare earth supply chains. This is also very good news for end-users of rare earth products in the U.S., Europe, Japan and elsewhere who seek alternative sources of rare earths produced in the U.S. and Europe to the highest global standards of environmental protection and sustainability.”

Significant quantities of Monazite are produced around the world as a byproduct of zircon and titanium production from heavy mineral sand operations, including large resources in the U.S., Australia, Brazil, South Africa, and other nations. Energy Fuels is in discussions with several parties to secure additional quantities of Monazite that it can use to expand this quickly emerging rare earth initiative. Energy Fuels has a goal of processing 15,000 tons of Monazite or more per year in the future. For perspective, 15,000 tons of Monazite per annum would contain rare earths equal to roughly 50% of total current U.S. demand, while only utilizing approximately 2% of the White Mesa Mill’s existing throughput capacity and less than 1% of its existing tailings capacity. 

Monazite from the southeast U.S. typically contains roughly 55% total rare earth oxides (“TREO”) of which the magnetic elements neodymium and praseodymium (“NdPr”) comprise approximately 22% of the TREO. NdPr are among the most valuable of the rare earth elements, as they are the key ingredient in the manufacture of high-strength permanent magnets that are essential to the lightweight and powerful motors required in electric vehicles, permanent magnet wind turbines used for renewable energy generation, and a variety of other modern technologies, including, mobile devices and defense applications. U.S. Monazite also contains approximately 14.4% “heavy” rare earths on a TREO basis, including roughly 1.5% dysprosium and terbium which have additional important magnet and national defense applications.

ABOUT NEO PERFORMANCE MATERIALS

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials — magnetic powders and magnets, specialty chemicals, metals, and alloys — are critical to the performance of many everyday products and emerging technologies. Neo’s products help to deliver the technologies of tomorrow to consumers today. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, US; Singapore; and Beijing, China. Neo operates globally with sales and production across 10 countries, being Japan, China, Thailand, Estonia, Singapore, Germany, United Kingdom, Canada, United States, and South Korea. For more information, please visit www.neomaterials.com.

ABOUT ENERGY FUELS

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial production of REE carbonate in 2021. 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, has the ability to produce vanadium when market conditions warrant, as well as REE carbonate from various uranium-bearing ores. 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 U3O8per 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.

CAUTIONARY STATEMENTS REGARDING FORWARD LOOKING STATEMENTS

This news release contains “forward-looking information” within the meaning of applicable securities laws in Canada and the United States. Forward-looking information may relate to future events or future performance of Neo or Energy Fuels. All statements in this release, other than statements of historical facts, with respect to Neo’s or Energy Fuels’ objectives and goals, as well as statements with respect to their beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: any expectation that the White Mesa Mill will continue to be successful in producing RE Carbonate on a commercial basis; any expectation that Silmet will be successful in separating the White Mesa Mill’s RE Carbonate on a commercial basis; any expectations with regard to the cost of producing and separating RE Carbonate; any expectation that Energy Fuels will be successful in increasing its supplies of monazite sand ore supplies, developing U.S. separation, metals or metal/alloy capabilities at the White Mesa Mill or nearby, or otherwise fully integrating the U.S RE supply chain in the future; any expectation with regard to the future demand for rare earth materials, including any expectation that Europe will continue to accelerate vehicle electrification and other initiatives aimed at mitigating climate impacts; any expectation with regard to the economic and environmental potential presented by utilizing rare earth feedstock from monazite ore; any expectation with respect to the quantities of monazite ore to be acquired by Energy Fuels, the quantities of RE Carbonate to be produced by the White Mesa Mill or the quantities of contained TREO to be acquired by Silmet for separation; and any expectation that the rare earths produced by Energy Fuels and Neo will continue to be produced to the highest global standards of environmental protection and sustainability. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: processing difficulties and upsets; available supplies of monazite sands; the ability of the White Mesa Mill to produce RE Carbonate to meet commercial specifications on a commercial scale at acceptable costs; the ability of Silmet to separate the RE Carbonate to meet commercial specifications on a commercial scale at acceptable costs; the capital and operating costs associated with separation, metal, alloy and/or magnet production facilities; permitting and regulatory delays; litigation risks; competition from others; market factors, including future demand for and prices realized from the sale of rare earth elements; and the policies and actions of foreign governments, which could impact the competitive supply of and global markets for rare earth elements. Forward-looking statements contained herein are made as of the date of this news release, and Neo and Energy Fuels disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Neo and Energy Fuels assume no obligation to update the information in this communication, except as otherwise required by law.

 

SOURCE Energy Fuels Inc.

For further information: ENERGY FUELS, Curtis Moore – VP of Marketing & Corporate Development, (303) 974-2154; cmoore@energyfuels.com; NEO PERFORMANCE MATERIALS, Ali Mahdavi, SVP, Corporate Development & Capital Markets, 416-962-3300, Email: a.mahdavi@neomaterials.com; Jim Sims, Director, Corporate Communications, 303-503-6203, Email: j.sims@neomaterials.com, Website: www.neomaterials.com

Aurania Resources (AUIAF)(ARU:CA) – Virtual Roadshow Highlights

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Wednesday, July 07, 2021

Aurania Resources (AUIAF)(ARU:CA)
Virtual Roadshow Highlights

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.

    Virtual Roadshow. Noble and Channelchek recently hosted a well-attended virtual roadshow featuring Dr. Keith Barron, Chairman and CEO, and Dr. Richard Spencer, President and Director, of Aurania Resources Ltd. Both provided an update on the company’s progress to date and plans going forward. To date, 28 holes have been drilled, representing 12,018 meters of drilling, among several targets, including the Crunchy Hill and Kuri-Yawi epithermal gold-silver targets, the Tsenken N2/N3 porphyry copper targets, and Tsenken N1 sedimentary-hosted copper-silver target.

    Drilling Program.  The company has three drill rigs in the field with two currently active. Drilling will continue at the Tsenken N1 target, with a second rig currently drilling the first hole at the Tiria-Shimpia silver-zinc target. Management believes that Tsenken and Tiria-Shimpia may be part of the same mineralized system, extending over 45 kilometers, that gradually changes from copper-dominant …



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. 

InPlay Oil (IPOOF)(IPO:CA) – Production rates blowing through expectations

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Wednesday, July 07, 2021

InPlay Oil (IPOOF)(IPO:CA)
Production rates blowing through expectations

As of April 24, 2020, Noble Capital Markets research on InPlay Oil is published under ticker symbols (IPOOF and IPO:CA). The price target is in USD and based on ticker symbol IPOOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQZ Exchange under the symbol IPOOF.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Management indicates 2021-2Q production could be 5,325 BOE/d. Such a level represents a 7% increase over 2021-1Q production and a 70% increase over 2020-2Q production. Our models assume production of 5,167 BOE/d. Management reiterated annual guidance of 5,100-5,400 BOE/d but indicated it currently expects to be at the upper end of the range and that it would reevaluate guidance when it reports 2021-2Q results on August 11th. Our models assume 5,360 BOE/d and are subject to upward revision if management raises guidance as we expect.

    The jump in production combined with higher prices is about to make cash flow explode.  Management anticipates record Adjusted Funds Flow (AFF) in 2021. InPlay reported $27 million in AFF in 2018. Surpassing that amount would blow through the $21.3 million estimate currently being indicated in our models. Management plans to use cash flow to pay down debt to a level of 1.0 times EBITDA which could …



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. 

Newrange Gold (NRGOF)(NRG:CA) – Drilling Reveals Potential High-Grade Extension

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Wednesday, July 07, 2021

Newrange Gold (NRGOF)(NRG:CA)
Drilling Reveals Potential High-Grade Extension

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

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

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.

    Follow-up drilling. Newrange Gold completed four follow-up diamond core holes representing 800.6 meters of drilling around Hole P21-115, a reverse circulation hole that discovered shallow, high-grade oxide gold mineralization 85 meters east of the Merritt Zone. All four core holes, P21-122 to 125, intersected near surface oxide mineralization resembling that seen in Hole P21-115, the Merritt Zone, and stopes on the 5428 level of the Pamlico Mine. The intercept in Hole P21-122 is lower in elevation than the 5428 level, indicating this new zone could be a down-dropped extension of high-grade mineralization in the Pamlico Mine.

    Assays results from the four follow-up holes are pending.  The four holes appear to have discovered a previously unknown extension of the historic, high-grade Pamlico Mine. Management will have a better interpretation once assay results are received and analyzed and the results will help inform future drilling …



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 – Entravision Communications Corporation Announces Closing of Acquisition of MediaDonuts

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Entravision Communications Corporation Announces Closing of Acquisition of MediaDonuts

SANTA MONICA, Calif.–(BUSINESS WIRE)– Entravision
Communications Corporation (NYSE: EVC) (“Entravision” or “the Company”) today announced the closing of the previously announced acquisition of MediaDonuts, a leading digital marketing performance and branding company with operations across seven countries in the Asia-Pacific region.

Founded in 2010 and headquartered in Singapore, MediaDonuts offers extensive digital advertising capabilities in combination with global and local media and technology firms. The company maintains strategic partnerships with some of the world’s leading technology companies and social platforms including Twitter, TikTok, Spotify, Criteo and other unique commercial alliances. MediaDonuts’ digital solution experts serve a client base of more than 500 technology and consumer brands in Thailand, Malaysia, Indonesia, India, Vietnam, Singapore and Cambodia.

“This is a great day for Entravision, and we are delighted to officially welcome MediaDonuts into the Entravision family,” said Walter Ulloa, Chairman and Chief Executive Officer of Entravision. “MediaDonuts is our second significant strategic digital acquisition in less than a year, following our very successful acquisition of a majority interest in Cisneros Interactive. Today’s acquisition of MediaDonuts continues our long-term digital and global transformation strategy that includes the United States, Latin America, Europe and Southeast Asia.”

“Our acquisition of MediaDonuts falls right in line with our goal of becoming one of the world’s leading digital marketing technology service providers,” said Juan Saldívar, Entravision’s Chief Digital, Strategy and Accountability Officer. “We have already begun collaborating with the MediaDonuts team on exciting and innovative projects and continue to expand our global footprint. I am confident that MediaDonuts’ industry expertise in the Southeast Asia region will be an important contribution to Entravision’s growth strategy and global portfolio of digital offerings.”

Entravision has significantly expanded its global reach over the past 12 months. With the Company’s entrance into Southeast Asia, Entravision now services digital customers across 33 countries. Southeast Asia has one of the fastest growing populations across the globe including 700 million people, 400 million of whom are digitally connected.

MediaDonuts’ sophisticated team of sales and media innovators totals more than 80 employees who together support their clients in programmatic buying, technology and insights and media planning. MediaDonuts also maintains a media representation arm which supports some of the largest names in media and technology through its extensive sales organization across Southeast Asia. All MediaDonuts employees are remaining with the company, and Pieter-Jan de Kroon will continue to serve as CEO out of MediaDonuts’ Singapore office.

For more information on the closing of the transaction, please review the Company’s most recent filings with the Securities and Exchange Commission on Form 8-K.

About Entravision Communications Corporation

Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in 32 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 48 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms, and MediaDonuts, a leader in programmatic digital solutions in Southeast Asia. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

Forward Looking Statements

This press release contains certain forward-looking statements, including without limitation the Company’s current expectations and intentions with respect to the filing of its Form 10-K. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

 

Entravision:

Christopher T. Young

Chief Financial Officer

310-447-3870

 

Kimberly Esterkin

ADDO Investor Relations

310-829-5400

evc@addo.com

 

MediaDonuts:

Pieter-Jan de Kroon

Chief Executive Officer

pieterjan@mediadonuts.com

 

Source: Entravision Communications Corporation

Stem Cell-Derived Retinal Pigment Epithelium Cells – Vision for the Future

Posted on by Admin 


	Image Credit: pudgeefeet (flickr)


Stem Cell-Derived Epithelium Cells May Reveal Light at the End of the Tunnel

 

Human retinal pigment epithelium cells made from stem cells in the lab hold promise in restoring
vision

 

Blindness, eye diseases, and vision impairment

As part of the Global Burden of Disease study, epidemiologists estimated that in 2020, 43.3 million people worldwide were blind1. The leading global causes of blindness in individuals aged 50 years and older in 2020 were:

  • Cataracts
  • Glaucoma
  • Undercorrected refractive error
  • Age-related macular degeneration
  • Diabetic retinopathy

In the U.S. (2015), about 1.02 million people were blind, and roughly 3.22 million people had impaired vision2. According to data from the CDC’s Disability and Health Data System (2019), the nationwide prevalence of ‘vision disability’ was 5%3. The CDC predicts that the population of adults with blindness and vision impairment will double due to the rapidly aging population, coupled with the increasing incidence of diabetes and other chronic diseases that contributes to vision loss4.

Vision loss is a debilitating condition that affects both patients and family members. Loss of sight negatively impacts one’s quality of life, independence, mobility, emotional wellbeing, social function, and even cognitive capabilities5. The economic burden of blindness and vision impairment is also significant – the total economic cost was estimated to be about $139 billion (2013) in the U.S6. Vision impairment does not only affect visual health; it also correlates with poorer physical (falls, injury, worsening of other chronic conditions) and mental health (depression, anxiety7). Vision loss alone resulted in the loss of 283 000 disability-adjusted life years (DALYs)6. Therefore, the disease burden8 of blindness and vision impairment remains to be a public health concern.

 

Age-related macular degeneration

Macular degeneration, also known as age-related macular degeneration (AMD), is a neurodegenerative disease that is one of the leading causes of blindness and vision impairment. Advanced age is a major risk factor of AMD; therefore, AMD primarily affects elderly individuals. About 11 million individuals are affected with AMD in the U.S, and by 2050, the number is expected to increase to 22 million9. Patients with AMD have damage to the macula, a part of the retina, resulting in a progressive loss of central vision. There are two types of AMD – dry and wet AMD. Dry AMD is characterized by the thinning of the macula over time, gradually resulting in vision loss. Dry AMD is the more common, accounting for 70-90% of AMD cases10. Wet AMD is a late-stage AMD where abnormal blood vessels grow in the back of the eye, causing damage to the macula. Currently, there are several treatment options for wet AMD, such as anti-VEGF drugs and photodynamic therapy11. However, the main goal of those treatment options is to prevent the growth of blood vessels or to seal abnormal blood vessels underneath the macula in order to preserve existing vision and prevent further deterioration of vision. Those treatments are not designed to restore vision. In addition, there are no treatments for early or late dry AMD.

 

Retinal
cell therapy for treating retinal diseases

The use of retinal cell replacement therapy has recently been explored as a feasible treatment option for retinal diseases that underly vision loss, such as AMD and even glaucoma. Human retinal pigment epithelium (RPE) is a layer of pigmented cells that play several critical roles in supporting photoreceptor function and maintaining visual function12. Retinal degeneration seen in retinal diseases, such as in the case of AMD, results in vision impairment. Therefore, retinal cell replacement therapy aims to replace damaged or diseased RPE cells with healthy, functioning ones in order to improve or even restore visual function.

 

Sources of
human retinal pigment
epithelium cells

There are a few sources of human RPE cells that could be used for retinal cell replacement therapy:

  • Adult RPE isolated from cadaveric donors13
  • Fetal RPE or retinal progenitor cells (RPCs) isolated from fetal eyes14
  • Immortalized adult RPE cells that are manipulated such that the cells are able to proliferate and grow continuously. 

However, there are disadvantages to using these cells. It is difficult to culture adult RPE cells in the lab as they readily lose their functional properties and molecular signatures. Fetal RPE cells were able to better preserve their function when cultured in vitro; they were pigmented, uniform in size and shape, and retained their molecular signatures15. Lastly, both adult RPE cells and fetal RPE cells are limited in numbers and largely depend on the availability of donors. Although immortalized adult RPE can be easily cultured in vitro and be generated in large numbers, they do not physiologically represent actual RPE cells and may pose cancer risks when used for replacement therapy. Most importantly, experiments involving the use of these cells for retinal cell replacement therapy did not result in vision recovery16.

 

Generating human retinal pigment epithelium cells from human pluripotent stem cells (hPSCs) in the lab

Human pluripotent stem cells (hPSCs) such as human embryonic stem cells (hESCs) and human-induced pluripotent stem cells (iPSCs) have emerged to be a viable and sustainable source of human RPE cells. hPSCs are, by definition, capable of differentiating into any cell type in the body and are self-renewal, which means that they are able to proliferate while retaining their pluripotency. This essentially means that hPSCs could be used to generate an unlimited supply of human RPE cells for retinal cell replacement therapy.

Over the past decade, efforts have been channeled into developing a differentiation protocol to generate human retinal pigment epithelium (RPE) cells from hPSCs. Masayo Takahashi, a pioneer in stem cell-derived RPE cells from Japan’s RIKEN Institute, came up with ways to generate RPE cells as well as RPE sheets from human iPSCs. The RPE sheets were shown to express molecular signatures and exhibit characteristics similar to native RPE. They also showed upon transplantation of iPSC-derived RPE sheets into nonhuman primates, no adverse effects were reported. Earlier this year, researchers from Singapore also showed that stem cell-derived RPE cells (monolayers) that were transplanted under the macula of nonhuman primates were able to survive and maintain healthy photoreceptors17. In another study, when human iPSCs-derived RPE cells were transplanted in a rat model of retinal degeneration, visual function in these rats was rescued18. Recently, researchers have even developed methods to generate 3-D retina organoids that improve visual function when transplanted into animal models of RPE dysfunction19.

 

Clinical trials

There are already several past and ongoing clinical trials for retinal cell replacement therapy, conducted by biotech companies, research institutions, and even big pharmas16,20. More recently, the National Eye Institute (NEI) of the National Institute of Health (NIH) launched the first U.S. clinical trial of iPSC-derived RPE cells for the treatment of dry AMD21. They will be reprogramming patients’ blood cells into iPSCs before differentiating the iPSCs into RPE cells. The cells will then be grown in one-cell thick sheets (on a biodegradable biological scaffold) before transplantation into the eyes of the patients.

However, the first-ever retinal cell replacement therapy was performed in Japan on a 70—year old Japanese woman22. This experiment was conducted by a group of researchers led by Takahashi. The patient’s skin cells were first reprogrammed into iPSCs, and the iPSCs were then differentiated into RPE cells and transplanted into the patient’s eyes. Takahashi and colleagues performed a similar experiment in 2017 where they transplanted patient iPSC-derived RPE cells into a patient with wet AMD23.

 

Moving forward

There is light at the end of the tunnel – stem cell-derived RPE holds great promise in treating retinal diseases and restoring vision caused by underlying retinal dysfunctions. With the NIH, biotech companies, and pharmaceutical giants pouring in large amounts of resources into performing research and clinical trials to test the efficacy and safety of stem cell-derived RPE cells for retinal cell replacement therapy, stem cell-derived RPE as a treatment option will soon be a reality. 

 

About the Author:  Nicole Pek is a stem cell biologist and enthusiastic science communicator. She has worked on using human pluripotent stem cells to study cellular development in multiple organ systems, to model complex human diseases, and screen for therapeutics that could treat the diseases. Outside of
the lab, Nicole plays a pro-active role in communicating to the public through her science blog ‘Two Cells’ and her education podcast ‘The Diploid Duo’.

 

References

1.   Bourne, R. et al. Trends in prevalence of blindness and distance and near vision impairment over 30 years: an analysis for the Global Burden of Disease Study. The Lancet Global Health
9, e130–e143 (2021).

2.   Varma, R. et al. Visual Impairment and Blindness in Adults in the United States: Demographic and Geographic Variations From 2015 to 2050. JAMA Ophthalmol 134, 802–809 (2016).

3.   CDC. Disability and Health Data System (DHDS) | CDC. Centers for Disease Control and Prevention https://www.cdc.gov/ncbddd/disabilityandhealth/dhds/index.html (2021).

4.   Burden of Vision Loss | CDC. https://www.cdc.gov/visionhealth/risk/burden.htm (2020).

5.   National Academies of Sciences, E. et al. The Impact of Vision Loss. Making Eye
Health a Population Health Imperative: Vision for Tomorrow (National Academies Press (U.S.), 2016).

6.   Witteborn, John, R., David. The Future of Vision: Forecasting the Prevalence and Cost of Vision Problems. (2014).

7.   Demmin, D. L. & Silverstein, S. M. Visual Impairment and Mental Health: Unmet Needs and Treatment Options. Clin Ophthalmol 14, 4229–4251 (2020).

8.   Gordois, A. et al. An estimation of the worldwide economic and health burden of visual impairment.
Global Public Health 7, 465–481 (2012).

9.   Pennington, K. L. & DeAngelis, M. M. Epidemiology of age-related macular degeneration (AMD): associations with cardiovascular disease phenotypes and lipid factors. Eye
Vis (Lond) 3, 34 (2016).

10.   Common Eye Disorders and Diseases | CDC. https://www.cdc.gov/visionhealth/basics/ced/index.html (2020).

11.   Age-related macular degeneration (AMD) – Treatments. nhs.uk https://www.nhs.uk/conditions/age-related-macular-degeneration-amd/treatment/ (2017).

12.   Strauss, O. The Retinal Pigment Epithelium in Visual Function. Physiological Reviews 85, 845–881 (2005).

13.   Akrami, H. et al. Retinal Pigment Epithelium Culture;a Potential Source of Retinal Stem Cells. J
Ophthalmic Vis Res 4, 134–141 (2009).

14.   Maminishkis, A. et
al. Confluent monolayers of cultured human fetal retinal pigment epithelium exhibit morphology and physiology of native tissue. Invest Ophthalmol Vis
Sci 47, 3612–3624 (2006).

15.   Ablonczy, Z. et al. Human Retinal Pigment Epithelium Cells as Functional Models for the RPE In Vivo. Invest. Ophthalmol. Vis. Sci. 52, 8614–8620 (2011).

16.   Oswald, J. & Baranov, P. Regenerative medicine in the retina: from stem cells to cell replacement therapy. Ther Adv Ophthalmol 10, 2515841418774433 (2018).

17.   Liu, Z. et al. Surgical Transplantation of Human RPE Stem Cell-Derived RPE Monolayers into Non-Human Primates with Immunosuppression. Stem Cell Reports 16, 237–251 (2021).

18.   Surendran, H. et
al. Transplantation of retinal pigment epithelium and photoreceptors generated concomitantly via small molecule-mediated differentiation rescues visual function in rodent models of retinal degeneration. Stem Cell Research
& Therapy 12, 70 (2021).

19.   Lin, B. et al. Retina Organoid Transplants Develop Photoreceptors and Improve Visual Function in RCS Rats With RPE Dysfunction. Invest Ophthalmol Vis Sci 61, 34 (2020).

20.   Zarbin, M., Sugino, I. & Townes-Anderson, E. Concise Review: Update on Retinal Pigment Epithelium Transplantation for Age-Related Macular Degeneration. STEM CELLS Translational
Medicine 8, 466–477 (2019).

21.   NIH launches first U.S. clinical trial of patient-derived stem cell therapy to replace and repair dying cells in retina | National Eye Institute. https://www.nei.nih.gov/about/news-and-events/news/nih-launches-first-us-clinical-trial-patient-derived-stem-cell-therapy-replace-and-repair-dying.

22.   Cyranoski, D. Japanese woman is first recipient of next-generation stem cells. Nature (2014) doi:10.1038/nature.2014.15915.

23.   First donor iPSC-derived RPE cell transplantation in AMD patient Center for Developmental Biology | RIKEN CDB. http://www.cdb.riken.jp/en/news/2017/topics/0404_10343.html.

 

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Is Biden Tightening the Reins on Large Companies?

Posted on by Admin


An Executive Order to Strengthen Oversight of Large Companies, May be an Opening for Smaller Players

 

The Biden administration is said to be putting the final touches on an executive order to direct agencies to strengthen oversight of industries that are dominated by a few large companies. This would be a wide-ranging attempt to rein in big business power across affected sectors of the economy. The move could allow smaller innovative companies to be less overshadowed, while throwing a little cold water on the ever-growing giants in their sectors.

The executive order, which President Biden could sign as soon as this week, would direct oversight from regulators of a long list of industries. This could force regulators of pharmaceutical, transportation, energy, utilities, banking and other industries, to revisit their rule-making process. The goal would be to inject more competition and to give consumers, workers, and suppliers more ability to challenge large producers or providers.

 

Shining a Light on Potential

The order would come less than two weeks after the Russell Index
rebalancing demonstrated just how large, in terms of capitalization, many companies have become. Assuming that all companies go through a growth phase that begins near zero, the disparity between large, the comparatively small, and those that are smaller is widening. This executive order may bring what some would consider an equitable solution to the competition gap.

 

How This Could Impact Investors

The Securities and Exchange Commission (SEC) regulates all things related to publicly traded U.S. companies. The name Citadel Securities became a household name among investors earlier this year as online brokers banned some WallStreetBets driven “Buy” and even “Sell” orders. The reasons for the unusual restrictions on trading may include protecting large securities firms like Citadel where 47% or retail volume is transacted, or Citadel’s large trading partners. Under the President’s order the SEC may have the power to address big versus smaller firm issues like this more quickly. This is one way retail investors may find more trust in their ability to trade on an even footing with their small accounts through a small or mid-size broker.

Performance of companies categorized as small-cap are exceeding large-cap stock performance year-to-date 2021. Over a longer period, they are still lagging their historic outperformance. As many expect a return to a stable and growing economy will help the return of the long-term relative average performance of small and microcap stocks; orders such as this could dampen large companies enough to moderate their growth and provide light for deserving companies that are less well capitalized. The intentional government support, even if only regulatory, if enacted could allow regulatory approvals for projects, money for research, grants for studies, and an overall experience of more clearance for smaller company projects and products.

Investors considering that the potential is higher for smaller companies, will want to pay attention to the exact wording, and how successful any challenges to its legality may be.

 

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:

The Future of Electric Vehicles

The NFL and Big Companies are Changing their Thinking on Marijuana



Clarence Thomas’ Statement on Half-In / Half-Out Marijuana Laws

How Close is the U.S. to Having a Digital Currency?

 

https://tokenist.com/citadels-1-billion-silver-bet-a-trap-for-wallstreetbets/

https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/

 

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Does Time Really Fly When You’re Having Fun?

Posted on by Admin 


	Image Credit: Rachel (Flickr)


Why Vacations Feel Like They’re Over Before They Even Start

 

For many people, summer vacation can’t come soon enough – especially for the half of Americans who canceled their summer plans last year due to the pandemic.

But when a vacation approaches, do you ever get the feeling that it’s almost over before it starts?

If so, you’re not alone.

In some recent studies Gabriela Tonietto, Sam Maglio, Eric VanEpps and I conducted, we found that about half of the people we surveyed indicated that their upcoming weekend trip felt like it would end as soon as it started.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic
experts. It represents theresearch-based findings and opinion of Selin Malkoc Associate Professor of Marketing, The Ohio State University

 

This feeling can have a ripple effect. It can change the way trips are planned – you might, for example, be less likely to schedule extra activities. At the same time, you might be more likely to splurge on an expensive dinner because you want to make the best of the little time you think you have.

Where does this tendency come from? And can it be avoided?

 

Not all Events are Created Equal

When people look forward to something, they usually want it to happen as soon as possible and last as long as possible.

We first explored the effect of this attitude in the context of Thanksgiving.

We chose Thanksgiving because almost everyone in the U.S. celebrates it, but not everyone looks forward to it. Some people love the annual family get-together. Others – whether it’s the stress of cooking, the tedium of cleaning or the anxiety of dealing with family drama – dread it.

So on the Monday before Thanksgiving in 2019, we surveyed 510 people online and asked them to tell us whether they were looking forward to the holiday. Then we asked them how far away it seemed, and how long they felt it would last. We had them move a 100-point slider – 0 meaning very short and 100 meaning very long – to a location that reflected their feelings.

As we suspected, the more participants looked forward to their Thanksgiving festivities, the farther away it seemed and shorter it felt. Ironically, longing for something seems to shrink its duration in the mind’s eye.

 

Winding the Mind’s Clock

Most people believe the idiom “time flies when you’re having fun,” 
and research has, indeed, shown that when time seems to pass by quickly, people assume the task must have been engaging and enjoyable.

We reasoned that people might be over-applying their assumption about the relationship between time and fun when judging the duration of events yet to happen.

As a result, people tend to reflexively assume that fun events – like vacations – will go by really quickly. Meanwhile, pining for something can make the time leading up to the event seem to drag. The combination of its beginning pushed farther away in their minds – with its end pulled closer – resulted in our participants’ anticipating that something they looked forward would feel as if it had almost no duration at all.

In another study, we asked participants to imagine going on a weekend trip that they either expected to be fun or terrible. We then asked them how far away the start and end of this trip felt like using a similar 0 to 100 scale. 46% of participants evaluated the positive weekend as feeling like it had no duration at all: They marked the beginning and the end of the vacation virtually at the same location when using the slider scale.

 

Thinking in Hours and Days

Our goal was to show how these two judgments of an event – the fact that it simultaneously seems farther away and is assumed to last for less time – can nearly eliminate the event’s duration in the mind’s eye.

We reasoned that if we didn’t explicitly highlight these two separate pieces – and instead directly asked them about the duration of the event – a smaller portion of people would indicate virtually no duration for something they looked forward to.

We tested this theory in another study, in which we told participants that they would watch two five-minute-long videos back-to-back. We described the second video as either humorous or boring, and then asked them how long they thought each video would feel like it lasted.

We found that the participants predicted that the funny video would still feel shorter and was farther away than the boring one. But we also found that participants believed it would last a bit longer than the responses we received in the earlier studies.

This finding gives us a way to overcome this biased perception: focus on the actual duration. Because in this study, participants directly reported how long the funny video would last – and not the perceived distance of its beginning and its end – they were far less likely to assume it would be over just as it started.

While it sounds trivial and obvious, we often rely on our subjective feelings – not objective measures of time – when deciding how long a period of time will feel and how to best use it.

So when looking forward to much-anticipated events like vacations, it’s important to remind yourself just how many days it will last.

You’ll get more out of the experience – and, hopefully, put yourself in a better position to take advantage of the time you do have.

 

Suggested Reading:

Investing in Leisure Post Pandemic

Paying for Infrastructure Spending



More Frequent Travel May be the Actual Aftermath of the Pandemic

Your Personal Data is the Currency of the Digital Age

 

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Is Biden Tightening the Reigns on Large Companies?

Posted on by Admin


An Executive Order to Strengthen Oversight of Large Companies, May be an Opening for Smaller Players

 

The Biden administration is said to be putting the final touches on an executive order to direct agencies to strengthen oversight of industries that are dominated by a few large companies. This would be a wide-ranging attempt to rein in big business power across affected sectors of the economy. The move could allow smaller innovative companies to be less overshadowed, while throwing a little cold water on the ever-growing giants in their sectors.

The executive order, which President Biden could sign as soon as this week, would direct oversight from regulators of a long list of industries. This could force regulators of pharmaceutical, transportation, energy, utilities, banking and other industries, to revisit their rule-making process. The goal would be to inject more competition and to give consumers, workers, and suppliers more ability to challenge large producers or providers.

 

Shining a Light on Potential

The order would come less than two weeks after the Russell Index
rebalancing demonstrated just how large, in terms of capitalization, many companies have become. Assuming that all companies go through a growth phase that begins near zero, the disparity between large, the comparatively small, and those that are smaller is widening. This executive order may bring what some would consider an equitable solution to the competition gap.

 

How This Could Impact Investors

The Securities and Exchange Commission (SEC) regulates all things related to publicly traded U.S. companies. The name Citadel Securities became a household name among investors earlier this year as online brokers banned some WallStreetBets driven “Buy” and even “Sell” orders. The reasons for the unusual restrictions on trading may include protecting large securities firms like Citadel where 47% or retail volume is transacted, or Citadel’s large trading partners. Under the President’s order the SEC may have the power to address big versus smaller firm issues like this more quickly. This is one way retail investors may find more trust in their ability to trade on an even footing with their small accounts through a small or mid-size broker.

Performance of companies categorized as small-cap are exceeding large-cap stock performance year-to-date 2021. Over a longer period, they are still lagging their historic outperformance. As many expect a return to a stable and growing economy will help the return of the long-term relative average performance of small and microcap stocks; orders such as this could dampen large companies enough to moderate their growth and provide light for deserving companies that are less well capitalized. The intentional government support, even if only regulatory, if enacted could allow regulatory approvals for projects, money for research, grants for studies, and an overall experience of more clearance for smaller company projects and products.

Investors considering that the potential is higher for smaller companies, will want to pay attention to the exact wording, and how successful any challenges to its legality may be.

 

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading:

The Future of Electric Vehicles

The NFL and Big Companies are Changing their Thinking on Marijuana



Clarence Thomas’ Statement on Half-In / Half-Out Marijuana Laws

How Close is the U.S. to Having a Digital Currency?

 

https://tokenist.com/citadels-1-billion-silver-bet-a-trap-for-wallstreetbets/

https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/

 

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Alternative Vehicle Fuel Types

Posted on by Admin 


	Image Credit: C.C. Chapman (Flickr)


Six Alternative Fuel Types Vying to Power our Future

 

Not many years ago, there were two types of vehicles on the road, gasoline-powered and diesel. Now there is a wider variety with six main alternative fuels. Each of these is intended to put us on the path to reduced or carbon-neutral vehicles. Some have distinct advantages over others from a functional standpoint; all represent investment opportunities, as a few of these are likely to grow to be the primary energy source in tomorrow’s cars and trucks.

Investors interested in the alternative fuels area should make sure they know the basics of each. The following are the basics of all six.

 

Ethanol

Ethanol is a renewable fuel made from corn and other plant materials. Its use is widespread on the roads today. In fact, more than 98% of gasoline in the U.S. contains some ethanol. The most common blend of ethanol is E10 which is 10% ethanol and 90% gasoline.

Ethanol is also available as E85 (or flex fuel) which is an ethanol blend containing 51% to 83% ethanol, depending on geography and season, used in flexible fuel vehicles. E15is a blend increasing its market presence. It is approved for use in model year 2001 and newer light-duty conventional gas vehicles.

Ethanol is a renewable fuel made from various plant materials collectively known as “biomass.” More than 98% of U.S. gasoline contains ethanol, typically E10 (10% ethanol, 90% gasoline), to oxygenate the fuel, which reduces air pollution.

Ethanol (CH3CH2OH) is clear and colorless. It’salso known as grain alcohol, ethyl alcohol, and EtOH. The fuel has the same chemical make-up regardless of whether it’s produced from starch- or sugar-based feedstocks like corn.

Ethanol has a higher octane than gasoline, so it can be used to raise the octane of low octane gasoline to prevent rough engine operation such as knocking. However, the fuel actually contains less energy per gallon than gas. Denatured ethanol (98% ethanol) contains about 30% less energy than gasoline per gallon. The experience of any cars fuel economy on ethanol depends on whether an engine is optimized to run on gasoline or partial ethanol.

Flexible Fuel Vehicles

Flexible fuel vehicles (FFVs) have an internal combustion engine and can operate on gasoline and/or any blend of gasoline and ethanol up to 83%, such as E85 flex-fuel. E85 is a gasoline-ethanol blend containing 51% to 83% ethanol, depending on geography and season.

According to IHS Markit, as of 2017, there were more than 21 million FFVs in the United States. Because FFVs are factory-made and are capable of operating on gasoline and gasoline-ethanol blends, many vehicle owners don’t realize their car is an FFV and that they have a choice of fuels to use.

You can visit Fueleconomy.gov to learn how to identify an FFV or use the Alternative Fuel and Advanced Vehicle Search to find current FFV models.

Emissions

The carbon dioxide released by a vehicle when ethanol is burned is offset by the carbon dioxide captured when the feedstock crops are grown to produce ethanol. This differs from gasoline and diesel, which are refined from petroleum extracted from the earth. No emissions are offset when these petroleum products are burned.

On a life cycle analysis basis, greenhouse gas (GHG) emissions are reduced on average by 34% with corn-based ethanol produced from dry mills, and range between 88% and 108% if cellulosic feedstocks are used depending on feedstock type, compared with gasoline and diesel production and use.

 

Electricity

Electric vehicles, which for our purposes includes hybrid (gas and electric), have operating costs that are lower than conventional gas-powered cars. A little more than a decade ago, there was practically no mass market in the U.S.  But the consumer perception and evolution of technology, including battery efficiency, has been putting more hybrids and E.V.s on the road, with more entrants coming each year from the major car companies and start-ups.

Availability and Charging Speeds

Both all-electric cars and a plug-in hybrid have several options for charging. Often, drivers will do the majority of their charging from home. Workplaces, businesses, and some condos and apartments now provide charging. As far as public charging, there are over 16 thousand public charging stations located across the country.

There are three basic types of charging:

Level 1 charging is accomplished by plugging the car or truck into a regular 120 Volt home style outlet. This is the slowest type of charging, and the current pace is about 2 to 5 miles of range per hour of charging. It’s often the most convenient and requires no special charger or adapter. Most, if not all, plug-in vehicles come equipped with a cord to allow level 1 charging.

Level 2 charging is where a supply station offers current at 240 V (or 208 V), which provides 10 to 30 miles of range per hour of charging. Most public chargers are Level 2 chargers. Drivers can also have a Level 2 charger installed at their home. Most public chargers use a standard plug type that is compatible with all vehicles. Tesla charging stations, however, use a different plug type that cannot be used by other manufacturers’ vehicles. Tesla provides an adaptor that allows its vehicles to use both Tesla and standard Level 2 charging stations.

Fast charging is also referred to as D.C. fast charging or D.C. quick charging. This is the fastest method. It allows 50 or more miles of range to the battery in 20 minutes. Not all vehicles can accept fast charging, nor do all vehicles use the same type of plug for D.C. fast charging. This is a consideration for those deciding if an E.V. makes sense for them. Quick charging stations are usually located along heavy traffic corridors. They are generally too expensive to be practical for home installation.

Market Demand

According to BlueWeave Consulting, the global market for electric vehicle market should grow from USD 121.8 billion in 2020 to USD 236.3 billion by 2027, with a CAGR of 10.6% during the forecast period (2021–2027).

 

Hydrogen

 

Hydrogen can power a vehicle in two ways: fuel cells, and internal combustion. Fuel cell vehicles (FCVs) turn hydrogen and oxygen from the air into electricity, powering an electric motor. The most abundant element on Earth (H) can also be burned in internal combustion engines (ICEs); the by product (exhaust) is H2O (water).

Emissions

In a virtual sense, Hydrogen doesn’t produce any greenhouse gas emissions. You essentially generate power through a hydrogen fuel cell that just emits warm air and water vapor. Internal combustion methods of propulsion, in the end, combine Hydrogen with oxygen producing harmless water.

Challenges

When it comes to hydrogen fuel, the major challenge is to initially extract the fuel from water or hydrocarbons. Hydrogen does not exist in a lone elemental form; separating it from others atoms requires energy input. In terms of storage, hydrogen creates more hurdles. If you want compact storage of hydrogen fuel, it will need low temperatures and high pressures. Hydrogen is available at fewer than 50 public stations, mostly in California. However, more fueling stations are planned for the future.

Fuel cell hydrogen vehicles cost more than conventional vehicles, but costs are decreasing. Still, only a few models are currently available for sale. Internal combustion hydrogen vehicles are typically conversions of gasoline engines.

 

Natural Gas

Fundamentals

In 2021, Natural Gas has become one of the most used fuels in the world. Unlike other types of fuel, Natural gas doesn’t contain hydrocarbons; it is one of the cleanest burning alternative fuels. It is used in the form of compressed natural gas (CNG) or liquefied natural gas (LNG) in cars, trucks, and buses.

There are Dedicated natural gas vehicles and bi-fuel. Dedicated are designed to run on natural gas only, while bi-fuel vehicles can also run on gasoline or diesel. Bi-fuel vehicles allow users to take advantage of the widespread availability of gasoline or diesel but use a cleaner, more economical alternative when natural gas is available. Since natural gas is stored in high-pressure fuel tanks, bi-fuel vehicles require two separate fueling systems, which take up passenger/cargo space.

Availability

Natural gas vehicles are not available on a large scale in the U.S.—only a few models are currently offered for sale. However, conventional gasoline and diesel vehicles can be retrofitted for CNG.

Chemical Process

Chemically, renewable natural gas is similar to other fossil fuels that make it highly usable. Creation of biomethane is through an anaerobic digestion process that involves waste from livestock and landfills. This process breaks down the microorganisms into biodegradable material.

 

BioDiesel

Fundamentals

BioDiesel fuel production is more common than many people realize. The production of the fuel requires animal fats, recycled grease, or vegetable oil. BioDiesel can be used in different diesel vehicles. This is because the chemical makeup is not substantially different from petroleum diesel.

Emissions

In comparison, BioDiesel burns more cleanly, eco-friendly, and safer than traditional petroleum diesel. On average, BioDiesel has more than 130 degrees Celsius of flashpoint, which is significantly higher than normal diesel. What’s more, is that B100 or pure BioDiesel decreases carbon dioxide emissions by up to 75% more than conventional diesel.

 

Propane

Propane, or liquefied petroleum gas (LPG), is a clean-burning fossil fuel that can be used in internal combustion engines.

Most of the propane used in the U.S. is produced domestically. It’s often less expensive than gasoline and does not degrade performance. LPG-fueled vehicles emit lower amounts of some air pollutants and greenhouse gases, depending on vehicle type, calibration, and drive cycle.

Challenges

The drawbacks to LPG are the limited number of fueling stations and vehicles. Over 900 public fueling stations sell LPG. A few light-duty vehicles – mostly larger trucks and vans – can be ordered from a dealer with a prep-ready engine package and converted to use propane. Consumers can also convert in-use conventional vehicles for LPG use. Some LPG vehicles run on propane only. Others can switch between propane and a conventional fuel such as gasoline.

Propane is stored as a liquid in pressurized fuel tanks rated to 300 psi. So, LPG conversions consist of installing a separate fuel system (if the vehicle will use both conventional fuel and LPG) or a replacement fuel system (LPG-only operation).

Converting a vehicle to use LPG can cost $6,000 to $12,000. However, this cost may be recovered in lower fuel and maintenance costs.

Propane fuel refers to liquefied petroleum gas that makes it one of the most viable alternative fuels. In fact, it is a high-energy and clean-burning fuel that offers many benefits to the automotive industry.

Emissions

On average, the greenhouse gasses reduction from propane fuel is around 10% relative to gasoline.

Cost-Benefit Ratio

On the flip side, propone vehicles are, in fact, quite expensive compared to gasoline vehicles.

 

Take-Away

These are fuels that will either be stopgaps on our way to cleaner burning fuels or may take a lead in powering our future. As we’re on this path, the increased demand for some or waning demand for others provides opportunity in all the surrounding aspects, of the fuels.

 

Suggested Reading:

Investment Opportunities in Hydrogen

The Future of Electric Vehicles



Ford’s Announcement is Another Reason for Copper Investors to Smile

Raw Materials and Scalability of Tesla’s Vision

 

Sources:

https://afdc.energy.gov/fuels/

https://www.nap.edu/read/1889/chapter/14#390

https://www.inspirecleanenergy.com/blog/clean-energy-101/types-of-alternative-energy

https://www.globenewswire.com/news-release/2021/02/10/2173513/0/en/Electric-Vehicles-market-Demand-to-Be-Twofold-in-the-Next-Five-Years-with-a-strong-CAGR-of-10-6-during-forecast-period-2021-2027.html

 

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Does Time Really Fly When Youre Having Fun?

Posted on by Admin 


	Image Credit: Rachel (Flickr)


Why Vacations Feel Like They’re Over Before They Even Start

 

For many people, summer vacation can’t come soon enough – especially for the half of Americans who canceled their summer plans last year due to the pandemic.

But when a vacation approaches, do you ever get the feeling that it’s almost over before it starts?

If so, you’re not alone.

In some recent studies Gabriela Tonietto, Sam Maglio, Eric VanEpps and I conducted, we found that about half of the people we surveyed indicated that their upcoming weekend trip felt like it would end as soon as it started.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic
experts. It represents theresearch-based findings and opinion of Selin Malkoc Associate Professor of Marketing, The Ohio State University

 

This feeling can have a ripple effect. It can change the way trips are planned – you might, for example, be less likely to schedule extra activities. At the same time, you might be more likely to splurge on an expensive dinner because you want to make the best of the little time you think you have.

Where does this tendency come from? And can it be avoided?

 

Not all Events are Created Equal

When people look forward to something, they usually want it to happen as soon as possible and last as long as possible.

We first explored the effect of this attitude in the context of Thanksgiving.

We chose Thanksgiving because almost everyone in the U.S. celebrates it, but not everyone looks forward to it. Some people love the annual family get-together. Others – whether it’s the stress of cooking, the tedium of cleaning or the anxiety of dealing with family drama – dread it.

So on the Monday before Thanksgiving in 2019, we surveyed 510 people online and asked them to tell us whether they were looking forward to the holiday. Then we asked them how far away it seemed, and how long they felt it would last. We had them move a 100-point slider – 0 meaning very short and 100 meaning very long – to a location that reflected their feelings.

As we suspected, the more participants looked forward to their Thanksgiving festivities, the farther away it seemed and shorter it felt. Ironically, longing for something seems to shrink its duration in the mind’s eye.

 

Winding the Mind’s Clock

Most people believe the idiom “time flies when you’re having fun,” 
and research has, indeed, shown that when time seems to pass by quickly, people assume the task must have been engaging and enjoyable.

We reasoned that people might be over-applying their assumption about the relationship between time and fun when judging the duration of events yet to happen.

As a result, people tend to reflexively assume that fun events – like vacations – will go by really quickly. Meanwhile, pining for something can make the time leading up to the event seem to drag. The combination of its beginning pushed farther away in their minds – with its end pulled closer – resulted in our participants’ anticipating that something they looked forward would feel as if it had almost no duration at all.

In another study, we asked participants to imagine going on a weekend trip that they either expected to be fun or terrible. We then asked them how far away the start and end of this trip felt like using a similar 0 to 100 scale. 46% of participants evaluated the positive weekend as feeling like it had no duration at all: They marked the beginning and the end of the vacation virtually at the same location when using the slider scale.

 

Thinking in Hours and Days

Our goal was to show how these two judgments of an event – the fact that it simultaneously seems farther away and is assumed to last for less time – can nearly eliminate the event’s duration in the mind’s eye.

We reasoned that if we didn’t explicitly highlight these two separate pieces – and instead directly asked them about the duration of the event – a smaller portion of people would indicate virtually no duration for something they looked forward to.

We tested this theory in another study, in which we told participants that they would watch two five-minute-long videos back-to-back. We described the second video as either humorous or boring, and then asked them how long they thought each video would feel like it lasted.

We found that the participants predicted that the funny video would still feel shorter and was farther away than the boring one. But we also found that participants believed it would last a bit longer than the responses we received in the earlier studies.

This finding gives us a way to overcome this biased perception: focus on the actual duration. Because in this study, participants directly reported how long the funny video would last – and not the perceived distance of its beginning and its end – they were far less likely to assume it would be over just as it started.

While it sounds trivial and obvious, we often rely on our subjective feelings – not objective measures of time – when deciding how long a period of time will feel and how to best use it.

So when looking forward to much-anticipated events like vacations, it’s important to remind yourself just how many days it will last.

You’ll get more out of the experience – and, hopefully, put yourself in a better position to take advantage of the time you do have.

 

Suggested Reading:

Investing in Leisure Post Pandemic

Paying for Infrastructure Spending



More Frequent Travel May be the Actual Aftermath of the Pandemic

Your Personal Data is the Currency of the Digital Age

 

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Seanergy Maritime (SHIP) – Shelf Offering Filed and Poison Pill Adopted

Posted on by Admin

Tuesday, July 06, 2021

Seanergy Maritime (SHIP)
Shelf Offering Filed and Poison Pill Adopted

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. Seanergy Maritime Holdings Corp. is the only pure-play Capesize shipping company listed in the US capital markets. Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with total capacity of approximately 1,748,581 dwt and an average fleet age of about 9.8 years. The Company is incorporated in the Marshall Islands with executive offices in Athens, Greece and an office in Hong Kong. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP” and class A warrants under “SHIPW”.

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

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

    Mixed shelf offering for $300 million filed. After the market closed on Friday, a Form F-3 was filed. The mixed shelf offering adds the ability to issue $300 million of equity, preferred and/or debt. We view the shelf offering filing as a formality, or an updated version of the previous shelf offering filing, and do not believe that the any common shares will be issued unless the stock is well above the current stock price. It is also worth noting that financing is already in place to fund the latest acquisitions and the last equity offering was priced at $1.70/share (with no warrant overage) in February so near-term funding and liquidity are good.

    No financials were included in the shelf offering, but the share count was updated.  As of June 30, 2021, there were 168.5 million shares were outstanding, which means that no new shares have been issued since 1Q2021 operating results were released on May 25th …



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.