Capstone Green Energy (NASDAQ: CGRN) to Announce Its Third Quarter Fiscal Year 2022 Financial Results on Thursday, February 10, 2022

 



Capstone Green Energy (NASDAQ: CGRN) to Announce Its Third Quarter Fiscal Year 2022 Financial Results on Thursday, February 10, 2022

Research, News, and Market Data on Capstone Green Energy

 

VAN NUYS, Calif.–(BUSINESS WIRE)– Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that on Thursday, February 10, 2022, after market close, it expects to release full financial results for its third quarter of fiscal year 2022, ended December 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.

At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H&S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on TwitterLinkedInInstagramFacebook, and YouTube.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

Source: Capstone Green Energy Corporation

Release – Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule



Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 31, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce today that it has begun the process of bringing its wholly owned dairy manure-based renewable natural gas (“RNG”) project online. Located in northwest Iowa, the project is known as Gevo NW Iowa RNG, LLC (“NW Iowa RNG”), and it is expected to produce approximately 355,000 MMBtu of RNG per year.

“We’re excited to get NW Iowa RNG online, right on schedule,” says Dr. Chris Ryan, president and COO of Gevo, Inc. “Our team here has done a terrific job, creating a facility that will become an example of how renewable energy can work for years to come, and we’re excited to bring our partnership with area farmers to the next stage.”

NW Iowa RNG fits in with Gevo’s business model of exploring ways to use renewable carbon to make the most of energy opportunities by dialing in sustainability and optimizing renewable resources. Because dairy manure left in lagoons and used as fertilizer releases high levels of methane to the atmosphere, there is an opportunity to capture that methane as biogas and refine it to be used as renewable natural gas. Doing so has no impact of the fertilizer and nutrients available, yet creates more options to sustainably manage fertilizers for sustainable farming practices. That kind of smart thinking and waste reduction is a cornerstone of the circular economy at the core of Gevo’s business model.

As Gevo reported in August 2021 , the RNG is expected to be sold into the California market under dispensing agreements BP has in place with Clean Energy Fuels Corp., the largest fueling infrastructure in the U.S. for RNG. The facility is expected to lead to $9 million to $16 million a year of distributions from the project expected to begin in late 2022, or early 2023 depending on the timing of the California Air Resources Board’s (CARB) Low Carbon Fuel Standard (LCFS). It is anticipated that NW Iowa RNG will benefit from environmental product revenues under California’s LCFS program and the U.S. Environmental Protection Agency’s Renewable Fuel Standard program. RNG-fueled vehicles are estimated to result in up to 95 percent lower emissions than those fueled by gasoline or diesel on a lifecycle basis, according to a US Department of Energy study .

“The farmers have demonstrated that they are willing to try something new,” Ryan says. “By creating a renewable energy source that reduces the greenhouse gas footprint of agriculture while providing meaningful renewable energy where its badly needed—that kind of foresight will make a difference in the long term far beyond Northwest Iowa.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the NW Iowa RNG project, the ability of Gevo to realize production of RNG with NW Iowa RNG, Gevo’s ability to generate cash from NW Iowa RNG, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Cleaner Use of Wind Power



Offshore Wind Farms Could Help Capture Carbon from Air and Store it Long-Term – Using Energy that Would Have Gone to Waste

 

Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard.

By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore wind energy flowing, enough to power more than 10 million homes.

Replacing fossil fuel-based energy with clean energy like wind power is essential to holding off the worsening effects of climate change. But that transition isn’t seen as happening fast enough to stop global warming. Human activities have pumped so much carbon dioxide into the atmosphere that we may have to remove carbon dioxide from the air and lock it away permanently.

Offshore wind farms are uniquely positioned to do both – and save money.

 

This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It was written by and represents the research-based opinions of David Goldberg, Lamont Research Professor, Columbia University

 

 

Most renewable energy lease areas off the Atlantic Coast are near the Mid-Atlantic states and Massachusetts. About 480,000 acres of the New York Bight is scheduled to be auctioned for wind farms in February 2022. BOEM

As a marine geophysicist, I have been exploring the potential for pairing wind turbines with technology that captures carbon dioxide directly from the air and stores it in natural reservoirs under the ocean. Built together, these technologies could reduce the energy costs of carbon capture and minimize the need for onshore pipelines, reducing impacts on the environment.

 

Capturing CO2 From the Air

Several research groups and tech startups are testing direct air capture devices that can pull carbon dioxide directly from the atmosphere. The technology works, but the early projects so far are expensive and energy intensive.

The systems use filters or liquid solutions that capture CO2 from air blown across them. Once the filters are full, electricity and heat are needed to release the carbon dioxide and restart the capture cycle.

For the process to achieve net negative emissions, the energy source must be carbon-free.

The world’s largest active direct air capture plant operating today does this by using waste heat and renewable energy. The plant, in Iceland, then pumps its captured carbon dioxide into the underlying basalt rock, where the CO2 reacts with the basalt and calcifies, turning to solid mineral.

A similar process could be created with offshore wind turbines.

If direct air capture systems were built alongside offshore wind turbines, they would have an immediate source of clean energy from excess wind power and could pipe captured carbon dioxide directly to storage beneath the sea floor below, reducing the need for extensive pipeline systems.

 

Climeworks, a Swiss company, has 15 direct air capture plants removing carbon dioxide from
the air.
 Climeworks

Researchers are currently studying how these systems function under marine conditions. Direct air capture is only beginning to be deployed on land, and the technology likely would have to be modified for the harsh ocean environment. But planning should start now so wind power projects are positioned to take advantage of carbon storage sites and designed so the platforms, sub-sea infrastructure and cabled networks can be shared.

Using Excess Wind Power When it isn’t Needed

By nature, wind energy is intermittent. Demand for energy also varies. When the wind can produce more power than is needed, production is curtailed and electricity that could be used is lost.

That unused power could instead be used to remove carbon from the air and lock it away.

For example, New York State’s goal is to have 9 gigawatts of offshore wind power by 2035. Those 9 gigawatts would be expected to deliver 27.5 terawatt-hours of electricity per year.

Based on historical wind curtailment rates in the U.S., a surplus of 825 megawatt-hours of electrical energy per year may be expected as offshore wind farms expand to meet this goal. Assuming direct air capture’s efficiency continues to improve and reaches commercial targets, this surplus energy could be used to capture and store upwards of 0.5 million tons of CO2 per year.

That’s if the system only used surplus energy that would have gone to waste. If it used more wind power, its carbon capture and storage potential would increase.

 

 Several Mid-Atlantic areas being leased for offshore wind farms also have potential for carbon storage beneath the seafloor. The capacity is measured in millions of metric tons of CO2 per square kilometer. The U.S. produces about 4.5 billion metric tons of CO2 from energy per year. U.S. Department of Energy and Battelle

The Intergovernmental Panel on Climate Change has projected that 100 to 1,000 gigatons of carbon dioxide will have to be removed from the atmosphere over the century to keep global warming under 1.5 degrees Celsius (2.7 Fahrenheit) compared to pre-industrial levels.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

Researchers have estimated that sub-seafloor geological formations adjacent to the offshore wind developments planned on the U.S. East Coast have the capacity to store more than 500 gigatons of CO2. Basalt rocks are likely to exist in a string of buried basins across this area too, adding even more storage capacity and enabling CO2 to react with the basalt and solidify over time, though geotechnical surveys have not yet tested these deposits.

 

Planning Both at Once Saves Time and Cost

New wind farms built with direct air capture could deliver renewable power to the grid and provide surplus power for carbon capture and storage, optimizing this massive investment for a direct climate benefit.

But it will require planning that starts well in advance of construction. Launching the marine geophysical surveys, environmental monitoring requirements and approval processes for both wind power and storage together can save time, avoid conflicts and improve environmental stewardship.

 

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Release – JV Article: Defense Metals Wicheeda rare earths project poised to become the Next REE producer in North America



JV Article: Defense Metals’ Wicheeda rare earths project poised to become the Next REE producer in North America

News, and Market Data on Defense Metals

 


Summer drilling program at the Wicheeda property in British Columbia. Credit: Defense Metals

 MINING.COM AND DEFENSE METALS JANUARY 31, 2022

When Defense Metals (TSXV: DEFN) acquired 100% ownership of its flagship Wicheeda rare earth elements deposit in British Columbia this month, it was the latest in a series of milestones the company marked over the past year.

Drilling has intersected visible rare earth element (REE) mineralization in dolomite-carbonatite rocks in all holes, and the preliminary economic assessment (PEA), filed in January, indicates the project has an after-tax net present value with an 8% discount of $404 million, and an internal rate of return of 18%.

Last year, Defense Metals entered into an agreement with Sinosteel Corporation for testwork and concentrator design research cooperation, and an investigation into the establishment of an on-site large-scale demo  plant at Wicheeda to assess the economic and technical feasibility of full-scale mine development.

The company reports having a Mineral Resource Estimate comprising 5.0 million tonnes of indicated resource, averaging 2.95% TREO and 29.5 million tonnes of inferred resources, averaging 1.83% TREO, at a cut-off grade of 0.5% TREO. The current resource represents a 36% increase on a contained metal basis in comparison to the prior 2020 resource estimates, due to the estimation of additional economically significant medium and heavy REE’s and a lower cut-off grade established based on PEA economic assumptions.

The Wicheeda property is located close to infrastructure about 80 kilometres (49 miles) northeast of Prince George. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life that includes three years of construction, and early revenue generation via phased open pit development. Phase 1 initial pit strip ratio of 0.63:1 (waste: mill feed) yields rapid access to higher grade surface mineralization.

Defense Metals aims to produce an average of 25,000 tonnes of rare earth oxides (REO) per year, approximately 10% of the world’s current production.

Defense Metals President, Dr. Luisa Moreno, is also a Physics Engineer, industry-known expert analyst and strategic metals consultant to federal and provincial governments,  tasked with mineral development and supply chain development.

Moreno has assisted both public and private companies and institutional investors with economic and technical assessments of mineral assets and technologies.

Moreno said the project ticks all the boxes for economic success and delivery to markets — mineralogy, processing and infrastructure — as rare earths are known to be difficult to extract and expensive to process.

“One of the advantages for Defense Metals is the fact that they are able to produce a high-grade flotation concentrate because of favorable mineralogy — deposits that are coarse grained like Wicheeda, and with rare earths minerals that have high total rare earths content, like bastnasite and monazite,  have a better chance to produce a high-grade floatation concentrate,” Moreno says.

“If a company cannot produce the high REE grade flotation concentrate from their hard rock deposit, the project economics are often harder.” 

The flotation concentrate to be sold in the initial production period will average 43% total rare earth oxides (TREO). The company is planning to build a hydrometallurgical plant to treat the concentrate in the fifth year of mine production.

Defense Metals put in an application to be a preferred vendor under Defense Production Act (DPA). The DPA published a Technology Market Research report last year outlining Defense Metal’s Corporation’s role in the rare earth supply chain.

Viable North American rare earths projects are much needed to establish domestic supply chains for the REEs crucial to electric vehicles, wind generators, medical devices, smart phones, and aerospace and defense applications. The $14 billion a year rare earth magnet market is currently more than 60% controlled by China.

With the PEA forecasting a tenfold increase in EV adoption by 2030, the result, Defense Metals CEO Craig Taylor said, will be a correlating supply deficit of the elements used in magnets, neodymium and praseodymium especially.

“The positive PEA has strengthened Defense Metals’ Wicheeda deposit as a crucial source for the global REE supply chain,” Taylor said.   

Aurania Resources (AUIAF)(ARU:CA) – Pondering the Possibilities

Monday, January 31, 2022

Aurania Resources (AUIAF)(ARU:CA)
Pondering the Possibilities

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.

    Management is on location in Ecuador. Following the resignation of Dr. Richard Spencer, Dr. Keith Barron, assumed the role of President and is now Chairman, President, and Chief Executive Officer. He is presently in Ecuador and is leading the company’s activities. While the resignation of Dr. Spencer is a setback, Dr. Barron is the guiding force behind the company and owner of 39% of the outstanding shares.

    Exploration continues near the Awacha target.  During the next month, Aurania will be conducting exploration north of the Awacha porphyry copper target. Recall that exploration teams returned to the area in early January to refine porphyry targets. At Awacha, soil sampling and field surveys are in progress. Mobile Magnetotellurics (MobileMT) geophysics revealed a buried conductive body greater than …



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. 

Bunker Hill Announces Closing and Upsizing of Convertible Debenture Financing to $6 Million



Bunker Hill Announces Closing and Upsizing of Convertible Debenture Financing to $6 Million

Research, News, and Market Data on Bunker Hill Mining

 

TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce the closing of the previously announced Convertible Debenture with Sprott Private Resource Streaming & Royalty Corp (“SRSR” or “Sprott”) for total gross proceeds of $6 million, an increase of $1 million from the previously envisaged $5 million. All figures are in US dollars unless otherwise stated.

Sam Ash, CEO, stated “We are pleased to announce the closing and upsizing of the second tranche of our project finance package with Sprott to $6 million. This funds near-term working capital requirements, mine development, and the advancement of our Prefeasibility Study, including engineering studies for the demobilization and construction of the Pend Oreille process plant at Bunker Hill. We look forward to updating investors on the continued execution of our restart plans over the coming weeks.”

Following the satisfaction of all closing conditions, including completion of definitive documentation and a full security package, the transaction closed on January 28, 2022. The parties agreed to increase the funding by $1 million, reflecting increased demand from Sprott and other investors. The terms of the Convertible Debenture are unchanged from the Company’s news release of December 20, 2021, including an annual interest rate of 7.5% payable in cash or shares at the Company’s option, and a maturity of July 7, 2023. Until the closing of the Stream of up to $37 million, the final tranche in the project finance package, the Convertible Debenture is convertible into shares of the Company at a share price of CAD 0.30 per share. At the time that the Stream is advanced, the investors may elect to retire the Convertible Debenture in shares or with the cash proceeds of the Stream.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact:

David Wiens, CFA

CFO & Corporate Secretary

+1 208 370 3665

ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.

Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine Complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been disclosed in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (“SEC”), and resource and reserve information contained in this press release may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of “reserves” are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website may not be comparable with information made public by companies that report in accordance with U.S. standards.

Release – Capstone Green Energy to Announce Its Third Quarter Fiscal Year 2022 Financial Results

 



Capstone Green Energy (NASDAQ: CGRN) to Announce Its Third Quarter Fiscal Year 2022 Financial Results on Thursday, February 10, 2022

Research, News, and Market Data on Capstone Green Energy

 

VAN NUYS, Calif.–(BUSINESS WIRE)– Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that on Thursday, February 10, 2022, after market close, it expects to release full financial results for its third quarter of fiscal year 2022, ended December 31, 2021. Later that same day, at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time), Capstone will host a live webcast to discuss those results.

At the end of the conference call, Capstone will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage at www.capstonegreenenergy.com. A replay of the webcast will be available on the site for 30 days.

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H&S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on TwitterLinkedInInstagramFacebook, and YouTube.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

Source: Capstone Green Energy Corporation

Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule



Gevo Begins Startup of Its Renewable Natural Gas Project in Northwest Iowa on Schedule

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 31, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce today that it has begun the process of bringing its wholly owned dairy manure-based renewable natural gas (“RNG”) project online. Located in northwest Iowa, the project is known as Gevo NW Iowa RNG, LLC (“NW Iowa RNG”), and it is expected to produce approximately 355,000 MMBtu of RNG per year.

“We’re excited to get NW Iowa RNG online, right on schedule,” says Dr. Chris Ryan, president and COO of Gevo, Inc. “Our team here has done a terrific job, creating a facility that will become an example of how renewable energy can work for years to come, and we’re excited to bring our partnership with area farmers to the next stage.”

NW Iowa RNG fits in with Gevo’s business model of exploring ways to use renewable carbon to make the most of energy opportunities by dialing in sustainability and optimizing renewable resources. Because dairy manure left in lagoons and used as fertilizer releases high levels of methane to the atmosphere, there is an opportunity to capture that methane as biogas and refine it to be used as renewable natural gas. Doing so has no impact of the fertilizer and nutrients available, yet creates more options to sustainably manage fertilizers for sustainable farming practices. That kind of smart thinking and waste reduction is a cornerstone of the circular economy at the core of Gevo’s business model.

As Gevo reported in August 2021 , the RNG is expected to be sold into the California market under dispensing agreements BP has in place with Clean Energy Fuels Corp., the largest fueling infrastructure in the U.S. for RNG. The facility is expected to lead to $9 million to $16 million a year of distributions from the project expected to begin in late 2022, or early 2023 depending on the timing of the California Air Resources Board’s (CARB) Low Carbon Fuel Standard (LCFS). It is anticipated that NW Iowa RNG will benefit from environmental product revenues under California’s LCFS program and the U.S. Environmental Protection Agency’s Renewable Fuel Standard program. RNG-fueled vehicles are estimated to result in up to 95 percent lower emissions than those fueled by gasoline or diesel on a lifecycle basis, according to a US Department of Energy study .

“The farmers have demonstrated that they are willing to try something new,” Ryan says. “By creating a renewable energy source that reduces the greenhouse gas footprint of agriculture while providing meaningful renewable energy where its badly needed—that kind of foresight will make a difference in the long term far beyond Northwest Iowa.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the development and construction of the NW Iowa RNG project, the ability of Gevo to realize production of RNG with NW Iowa RNG, Gevo’s ability to generate cash from NW Iowa RNG, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Why Goldman Says to Buy the Dip


Image Credit: NASA Kennedy (Flickr)


Will the Market Soon Reach New Heights?

 

Stock indices have gotten off to a rocky start this year, which has created a lot of concern among investors. The landscape of low rates and easy money is quickly changing with high inflation and spending plans out of Washington less likely to pass. Investors are debating whether the selloff in January is the beginning of a prolonged market dive or if the reaction is overdone and provides an opportunity to bargain hunt among stocks with some indices down double digits.

Last week had some particularly volatile days that shook many people out of their positions, only to later see the broader market rally back with a vengeance, even during the same session. This activity has also created frustration and worry. One highly regarded investment bank, Goldman Sachs has issued this advice – Buy the dip.

 

 

One real concern among equity investors is the Federal Reserve (Fed) is openly looking to raise rates in 2022 in order to fight inflation that’s running close to its 40-year high. Goldman Sachs’ strategists believe when the Fed acts, it will likely still leave nominal and real rates at historically low levels. “Any further significant weakness at the index level should be seen as a buying opportunity, in our view, albeit with moderate upside through the year as a whole,” strategists led by Peter Oppenheimer, Chief Global Equity Strategist, said in a note released Wednesday (January 26).

Market Cyclone

There was a lot feeding the market storm that may have finally brought its worst conditions last week. This includes the Fed announcing they will be less accommodative sooner than previously stated, jitters over Ukraine/Russia tensions, covid related illnesses at high levels, and even Congress less willing to spend money. It all converged to create perfect conditions for a large disturbance in the markets.

The market atmosphere is most unsettled from fear that if the Fed is determined to unwind inflationary conditions, it may have to get aggressively hawkish. That would surely include quantitative tightening by shrinking its massive, almost $9 trillion, balance sheet.

In addition to quantitative tightening, the Fed is set to begin raising overnight bank lending rates. As recently as last summer, the consensus among Wall Street economists was that there would be no interest rate rises in 2022 and only one in late 2023. Four increases are now expected in 2022.  

The market storm that came from these disturbances is likely running out of strength with the steep correction. Despite the hazardous market conditions we just experienced, it is the bad market “weather” that helped allow strategists at Goldman to forecast a continuation of the economic growth, and the bull market cycle to remain in place.

Goldman Sachs does not think the recent correction will continue and turn into a bear market. However, the growth of the economy is key. Higher rates typically aren’t negative for stocks as long as economic activity is still expanding, according to Goldman strategists. Rate hikes even during times of decelerating growth still experience positive, although weaker, stock index returns. “Historically, a Fed tightening cycle that is accompanied by accelerating growth tends to be associated with strong returns and relatively low volatility,” Goldman said. “Meanwhile, a tightening cycle into slowing growth is associated with very low, but positive, equity returns alongside high volatility. It is this second combination that the markets seem to be pricing.”

Take-Away

The selloff we experienced through January and the market storm causing U.S. markets to swing violently last week are all part of a bull market correction according to the chief global equity strategist’s team at Goldman Sachs. The new report forecasts weaker yet still positive markets under the new and expected economic conditions.

 

Suggested Reading



Dip Buying in 2021 Has Consistently Paid-Off, is it Different this Time?



Will Small-Cap Stocks Outperform in 2022?





Will the Markets Continue to March Higher in 2022?



Why 2022 Investing Will Need to be Different

 

Sources

https://moneywise.com/investing/stocks/goldman-sachs-buying-opportunity

https://markets.businessinsider.com/news/stocks/stock-market-outlook-buy-the-dip-goldman-sachs-correction-fed-2022-1

 

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Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform



Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform

Research, News, and Market Data on Comtech Telecommunications

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 31, 2022– 
January 31, 2022
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today unveiled Comtech ELEVATE™, a breakthrough next generation Very Small Aperture Terminal (“VSAT”) technology solution. Designed to meet the evolving communications demands of a broad range of markets, Comtech ELEVATE™ is an all-inclusive highly intelligent, modular platform capable of supporting both small and large networks across any GEO, MEO or LEO satellite orbit.

“Our new Comtech ELEVATE™ VSAT platform delivers unprecedented network flexibility and scalability to support a broad range of applications and markets, from broadcast and government to mobility and enterprise, using a single intelligent system,” said  Michael Porcelain, Chief Executive Officer and President of 
Comtech. “ELEVATE™ is the next step in Comtech’s long-term plan to exploit the growing business opportunities in the satellite ground station market. Alongside our high quality and field-proven HEIGHTS™ and UHP satellite networking platforms, 
Comtech can now offer customers a full-range of satellite networking products at a price and feature set that best meets their needs.”

Designed from the ground up, Comtech ELEVATE™ is a smart software-defined VSAT solution Designed to Make it Happen™. Bringing together the best of Comtech’s award-winning HEIGHTS™ Dynamic Network Access (“H-DNA”) and Comtech’s revolutionary and industry-leading UHP MF-TDMA waveform flexibility and efficiency, Comtech ELEVATE™ features a new D-RAM (“Dynamic Return Access Modes”) protocol with dynamic seamless switching between H-DNA and MF-TDMA waveforms using the same pool of bandwidth and industry-leading data throughput in both Forward and Return channels. The Comtech ELEVATE™ solution is designed to enable private or shared VSAT networks of any size and topology, has unlimited potential for future development and can be deployed for every application imaginable. Comtech’s ELEVATE™ features include:

  • Ability to scale from very small networks to very large networks including supporting more than 500,000 remote sites,
  • Actual Maximum Forward link capacity at 2.5 Gbps per service area,
  • The Highest Return Link throughput in the industry at 200 Mbps per remote,
  • Compact remote VSAT handling up to 200,000 packets per second,
  • Highest processing density in Hubs or Remotes per watt of consumed prime power, and
  • An advanced and highly efficient Network Management System that can support a rich variety of Operations Support System (“OSS”) and Business Support System (“BSS”) interfaces.

Because it features virtualized components and capabilities, sophisticated data protocols and cloud-based expansion, Comtech ELEVATE™ offers the best overall industry-wide performance for satellite cellular backhaul (including 4G and 5G cellular networks) and transmission of voice, video and data for the Internet of Things (“IoT”).

Comtech ELEVATE™ provides more power, speed, agility, and efficiencies that addresses a new level of requirements to meet the highest Quality of Experience (“QOE”) with market leading affordability, footprint and low power consumption. Service providers and mobile network operators will be able to deploy and manage a single platform to support small bandwidth applications, such as IoT applications in connected agriculture or ATM banking networks, while simultaneously enabling more megabit-hungry services, like cellular backhaul, gaming and video, over the same platform.

More information including a video presentation about Comtech ELEVATE™ can be found here: https://www.comtech.com/elevate.html

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview our new web site coming soon at www.comtech.com).

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Media Contact:
Rosario Toxqui, Director Marketing for Comtech Satellite Networks
514-686-6103
rosario.toxqui@comtech.com

Source: 
Comtech Telecommunications Corp.

Release – Comtech Unveils Breakthrough Next Generation ELEVATE VSAT Platform



Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform

Research, News, and Market Data on Comtech Telecommunications

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 31, 2022– 
January 31, 2022
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today unveiled Comtech ELEVATE™, a breakthrough next generation Very Small Aperture Terminal (“VSAT”) technology solution. Designed to meet the evolving communications demands of a broad range of markets, Comtech ELEVATE™ is an all-inclusive highly intelligent, modular platform capable of supporting both small and large networks across any GEO, MEO or LEO satellite orbit.

“Our new Comtech ELEVATE™ VSAT platform delivers unprecedented network flexibility and scalability to support a broad range of applications and markets, from broadcast and government to mobility and enterprise, using a single intelligent system,” said  Michael Porcelain, Chief Executive Officer and President of 
Comtech. “ELEVATE™ is the next step in Comtech’s long-term plan to exploit the growing business opportunities in the satellite ground station market. Alongside our high quality and field-proven HEIGHTS™ and UHP satellite networking platforms, 
Comtech can now offer customers a full-range of satellite networking products at a price and feature set that best meets their needs.”

Designed from the ground up, Comtech ELEVATE™ is a smart software-defined VSAT solution Designed to Make it Happen™. Bringing together the best of Comtech’s award-winning HEIGHTS™ Dynamic Network Access (“H-DNA”) and Comtech’s revolutionary and industry-leading UHP MF-TDMA waveform flexibility and efficiency, Comtech ELEVATE™ features a new D-RAM (“Dynamic Return Access Modes”) protocol with dynamic seamless switching between H-DNA and MF-TDMA waveforms using the same pool of bandwidth and industry-leading data throughput in both Forward and Return channels. The Comtech ELEVATE™ solution is designed to enable private or shared VSAT networks of any size and topology, has unlimited potential for future development and can be deployed for every application imaginable. Comtech’s ELEVATE™ features include:

  • Ability to scale from very small networks to very large networks including supporting more than 500,000 remote sites,
  • Actual Maximum Forward link capacity at 2.5 Gbps per service area,
  • The Highest Return Link throughput in the industry at 200 Mbps per remote,
  • Compact remote VSAT handling up to 200,000 packets per second,
  • Highest processing density in Hubs or Remotes per watt of consumed prime power, and
  • An advanced and highly efficient Network Management System that can support a rich variety of Operations Support System (“OSS”) and Business Support System (“BSS”) interfaces.

Because it features virtualized components and capabilities, sophisticated data protocols and cloud-based expansion, Comtech ELEVATE™ offers the best overall industry-wide performance for satellite cellular backhaul (including 4G and 5G cellular networks) and transmission of voice, video and data for the Internet of Things (“IoT”).

Comtech ELEVATE™ provides more power, speed, agility, and efficiencies that addresses a new level of requirements to meet the highest Quality of Experience (“QOE”) with market leading affordability, footprint and low power consumption. Service providers and mobile network operators will be able to deploy and manage a single platform to support small bandwidth applications, such as IoT applications in connected agriculture or ATM banking networks, while simultaneously enabling more megabit-hungry services, like cellular backhaul, gaming and video, over the same platform.

More information including a video presentation about Comtech ELEVATE™ can be found here: https://www.comtech.com/elevate.html

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview our new web site coming soon at www.comtech.com).

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Media Contact:
Rosario Toxqui, Director Marketing for Comtech Satellite Networks
514-686-6103
rosario.toxqui@comtech.com

Source: 
Comtech Telecommunications Corp.

JV Article: Defense Metals’ Wicheeda rare earths project poised to become the Next REE producer in North America



JV Article: Defense Metals’ Wicheeda rare earths project poised to become the Next REE producer in North America

News, and Market Data on Defense Metals

 


Summer drilling program at the Wicheeda property in British Columbia. Credit: Defense Metals

 MINING.COM AND DEFENSE METALS JANUARY 31, 2022

When Defense Metals (TSXV: DEFN) acquired 100% ownership of its flagship Wicheeda rare earth elements deposit in British Columbia this month, it was the latest in a series of milestones the company marked over the past year.

Drilling has intersected visible rare earth element (REE) mineralization in dolomite-carbonatite rocks in all holes, and the preliminary economic assessment (PEA), filed in January, indicates the project has an after-tax net present value with an 8% discount of $404 million, and an internal rate of return of 18%.

Last year, Defense Metals entered into an agreement with Sinosteel Corporation for testwork and concentrator design research cooperation, and an investigation into the establishment of an on-site large-scale demo  plant at Wicheeda to assess the economic and technical feasibility of full-scale mine development.

The company reports having a Mineral Resource Estimate comprising 5.0 million tonnes of indicated resource, averaging 2.95% TREO and 29.5 million tonnes of inferred resources, averaging 1.83% TREO, at a cut-off grade of 0.5% TREO. The current resource represents a 36% increase on a contained metal basis in comparison to the prior 2020 resource estimates, due to the estimation of additional economically significant medium and heavy REE’s and a lower cut-off grade established based on PEA economic assumptions.

The Wicheeda property is located close to infrastructure about 80 kilometres (49 miles) northeast of Prince George. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life that includes three years of construction, and early revenue generation via phased open pit development. Phase 1 initial pit strip ratio of 0.63:1 (waste: mill feed) yields rapid access to higher grade surface mineralization.

Defense Metals aims to produce an average of 25,000 tonnes of rare earth oxides (REO) per year, approximately 10% of the world’s current production.

Defense Metals President, Dr. Luisa Moreno, is also a Physics Engineer, industry-known expert analyst and strategic metals consultant to federal and provincial governments,  tasked with mineral development and supply chain development.

Moreno has assisted both public and private companies and institutional investors with economic and technical assessments of mineral assets and technologies.

Moreno said the project ticks all the boxes for economic success and delivery to markets — mineralogy, processing and infrastructure — as rare earths are known to be difficult to extract and expensive to process.

“One of the advantages for Defense Metals is the fact that they are able to produce a high-grade flotation concentrate because of favorable mineralogy — deposits that are coarse grained like Wicheeda, and with rare earths minerals that have high total rare earths content, like bastnasite and monazite,  have a better chance to produce a high-grade floatation concentrate,” Moreno says.

“If a company cannot produce the high REE grade flotation concentrate from their hard rock deposit, the project economics are often harder.” 

The flotation concentrate to be sold in the initial production period will average 43% total rare earth oxides (TREO). The company is planning to build a hydrometallurgical plant to treat the concentrate in the fifth year of mine production.

Defense Metals put in an application to be a preferred vendor under Defense Production Act (DPA). The DPA published a Technology Market Research report last year outlining Defense Metal’s Corporation’s role in the rare earth supply chain.

Viable North American rare earths projects are much needed to establish domestic supply chains for the REEs crucial to electric vehicles, wind generators, medical devices, smart phones, and aerospace and defense applications. The $14 billion a year rare earth magnet market is currently more than 60% controlled by China.

With the PEA forecasting a tenfold increase in EV adoption by 2030, the result, Defense Metals CEO Craig Taylor said, will be a correlating supply deficit of the elements used in magnets, neodymium and praseodymium especially.

“The positive PEA has strengthened Defense Metals’ Wicheeda deposit as a crucial source for the global REE supply chain,” Taylor said.   

Release – Bunker Hill Announces Closing and Upsizing of Convertible Debenture Financing to $6 Million



Bunker Hill Announces Closing and Upsizing of Convertible Debenture Financing to $6 Million

Research, News, and Market Data on Bunker Hill Mining

 

TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR, OTCQB: BHLL) is pleased to announce the closing of the previously announced Convertible Debenture with Sprott Private Resource Streaming & Royalty Corp (“SRSR” or “Sprott”) for total gross proceeds of $6 million, an increase of $1 million from the previously envisaged $5 million. All figures are in US dollars unless otherwise stated.

Sam Ash, CEO, stated “We are pleased to announce the closing and upsizing of the second tranche of our project finance package with Sprott to $6 million. This funds near-term working capital requirements, mine development, and the advancement of our Prefeasibility Study, including engineering studies for the demobilization and construction of the Pend Oreille process plant at Bunker Hill. We look forward to updating investors on the continued execution of our restart plans over the coming weeks.”

Following the satisfaction of all closing conditions, including completion of definitive documentation and a full security package, the transaction closed on January 28, 2022. The parties agreed to increase the funding by $1 million, reflecting increased demand from Sprott and other investors. The terms of the Convertible Debenture are unchanged from the Company’s news release of December 20, 2021, including an annual interest rate of 7.5% payable in cash or shares at the Company’s option, and a maturity of July 7, 2023. Until the closing of the Stream of up to $37 million, the final tranche in the project finance package, the Convertible Debenture is convertible into shares of the Company at a share price of CAD 0.30 per share. At the time that the Stream is advanced, the investors may elect to retire the Convertible Debenture in shares or with the cash proceeds of the Stream.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership the Bunker Hill Mining Corp, intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact:

David Wiens, CFA

CFO & Corporate Secretary

+1 208 370 3665

ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.

Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine Complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been disclosed in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (“SEC”), and resource and reserve information contained in this press release may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of “reserves” are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website may not be comparable with information made public by companies that report in accordance with U.S. standards.