Capstone Green Energy (NASDAQ: CGRN) Signs 20-Year Parts & Labor Service Contract on an 800KW Energy System Installed at a Premier Hotel in Jamaica

Research, News, and Market Data on Capstone Green Energy

 

Capstone Green Energy Continues to Expand its Energy as a Service Business

VAN NUYS, CA / ACCESSWIRE / January 11, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone”, the “Company”, “we” or “us”), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that Innovative Energy Company Limited (IEC), the exclusive Capstone distributor for Jamaica (www.ieclja.com), signed a 20-year Parts & Labor Factory Protection Plan (FPP) service contract for a C800S, 800 kilowatt (kW), Signature Series Capstone energy system installed at a premier hotel in Jamaica.

Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its industry-leading FPP long-term comprehensive service product and its long-term rental program, both of which are important elements to Capstone achieving its near-term profitability goals as service contracts and rentals agreements generate higher contribution margin rates than traditional product sales.

The 225-room hotel commissioned the Capstone 800 kW energy system in June 2020 as they sought to reduce their energy costs by employing a Capstone Energy System tri-generation solution. The CCHP application has a project design efficiency of 83%. The Capstone C800S provides more than 95% of the hotel’s annual electrical energy, 100% of the hotel’s domestic hot water, and 80% of the hotel’s peak cooling demand by utilizing the exhaust gas. With Casptone’s energy system the hotel is reducing its annual energy costs while also reducing its greenhouse gas emissions. The C800S is also configured as Dual-Mode with integrated battery packs, which will allow the hotel to continue to operate in the event of a local grid outage.

Capstone’s industry-leading FPP long-term comprehensive service product is designed to provide complete service coverage, parts and labor for both scheduled and unscheduled maintenance for the next 20-years and protect the end-use customer from future cost increases associated with labor, replacement spare parts pricing, commodities, import tariffs, and interest rates.

“Now is the time to prepare for more intense weather events ahead as climate change is affecting everyone on a global scale. Meeting the customer’s operational needs for a stable power supply in a region impacted by severe weather while providing significant financial savings through a long-term full-coverage service contract is key to what Capstone Green Energy brings to the energy market,” said Tracy Chidbachian, Director of Customer Service.

“The 2021 Atlantic hurricane season was the third most active hurricane season on record with storms getting stronger and lasting longer, resulting in short and long-term physical and economical damages. In most cases, the unpredictable and severe weather results in extended grid outages,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “A Capstone on-site energy system reduces the operational risks of grid outages and is designed to provide resiliency and reliability by providing continuous operation, making the Capstone high efficiency and low emission energy system the ideal solution in the Caribbean,” concluded Mr. Jamison.

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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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 fiscal 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 Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:

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

SOURCE: Capstone Green Energy Corporation

 

Capstone Green Energy (NASDAQ: CGRN) Signs 20-Year Parts & Labor Service Contract on an 800KW Energy System Installed at a Premier Hotel in Jamaica

Research, News, and Market Data on Capstone Green Energy

 

Capstone Green Energy Continues to Expand its Energy as a Service Business

VAN NUYS, CA / ACCESSWIRE / January 11, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone”, the “Company”, “we” or “us”), a global leader in carbon reduction and on-site resilient green energy as a service (EaaS) solutions, announced today that Innovative Energy Company Limited (IEC), the exclusive Capstone distributor for Jamaica (www.ieclja.com), signed a 20-year Parts & Labor Factory Protection Plan (FPP) service contract for a C800S, 800 kilowatt (kW), Signature Series Capstone energy system installed at a premier hotel in Jamaica.

Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its industry-leading FPP long-term comprehensive service product and its long-term rental program, both of which are important elements to Capstone achieving its near-term profitability goals as service contracts and rentals agreements generate higher contribution margin rates than traditional product sales.

The 225-room hotel commissioned the Capstone 800 kW energy system in June 2020 as they sought to reduce their energy costs by employing a Capstone Energy System tri-generation solution. The CCHP application has a project design efficiency of 83%. The Capstone C800S provides more than 95% of the hotel’s annual electrical energy, 100% of the hotel’s domestic hot water, and 80% of the hotel’s peak cooling demand by utilizing the exhaust gas. With Casptone’s energy system the hotel is reducing its annual energy costs while also reducing its greenhouse gas emissions. The C800S is also configured as Dual-Mode with integrated battery packs, which will allow the hotel to continue to operate in the event of a local grid outage.

Capstone’s industry-leading FPP long-term comprehensive service product is designed to provide complete service coverage, parts and labor for both scheduled and unscheduled maintenance for the next 20-years and protect the end-use customer from future cost increases associated with labor, replacement spare parts pricing, commodities, import tariffs, and interest rates.

“Now is the time to prepare for more intense weather events ahead as climate change is affecting everyone on a global scale. Meeting the customer’s operational needs for a stable power supply in a region impacted by severe weather while providing significant financial savings through a long-term full-coverage service contract is key to what Capstone Green Energy brings to the energy market,” said Tracy Chidbachian, Director of Customer Service.

“The 2021 Atlantic hurricane season was the third most active hurricane season on record with storms getting stronger and lasting longer, resulting in short and long-term physical and economical damages. In most cases, the unpredictable and severe weather results in extended grid outages,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “A Capstone on-site energy system reduces the operational risks of grid outages and is designed to provide resiliency and reliability by providing continuous operation, making the Capstone high efficiency and low emission energy system the ideal solution in the Caribbean,” concluded Mr. Jamison.

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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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 fiscal 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 Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:

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

SOURCE: Capstone Green Energy Corporation

	Image Credit: EnergyTomorrow – Drill Bit (Flickr) 

Why Some Forecasters are Bullish on Oil in 2022

 

Crude oil and oil companies finished 2021 strong despite the increased Covid19 infection rate during December. Forecasters are expecting supply and demand factors to continue to put upward price pressure on crude oil, and related companies.

Background

A dip in oil prices just after Thanksgiving appeared to be in response to fears of a new Covid19 variant potentially impacting holiday travel and other economic activity.  The move reversed as we moved through December as we experienced crude prices regaining lost ground. As the first trading week of 2022 comes to a close, energy prices have continued up in response to problems in Kazakhstan, but forecasts are bullish on the commodity and the sector beyond problems in that producer country.

 

 

From a demand standpoint, consumption remained strong for oil in December. This demand could increase further as manufacturing activity has been shown to be increasing as supply chain bottlenecks are beginning to lessen.

Although large economies are showing expansion the coronavirus recovery has been full of stops and starts, there is much uncertainty as to what lies ahead. With further recovery and reduced restrictions in travel, demand should increase further.

The Energy Information Administration (EIA) is expecting the trend of inventory drawdowns to slowly reverse this year. Any inventory growth could create downward pressure on crude oil prices. The EIA is forecasting Brent Crude prices averaging $71/barrel in Q2 2022, $70/barrel in Q3 2022, and $67/barrel in Q4 2022. But with part of the increased supply expected to come from U.S. shale, there remain significant caveats to their forecast.

 

 

The supply side is less certain. At its December 2^nd meeting, OPEC+ agreed to extend an increase in February of 400,000 barrels per day. It’s important to note that while OPEC+ has been increasing its output target at these meetings, actual production has fallen short as some members are struggling with capacity problems. So the announcements are viewed with the backdrop of OPEC+ producers missing their targets by 730,000 bpd in October and by 650,000 bpd in November.

In a quarterly energy industry report released this week, titled,  Energy
Stocks Level out But Pricing is Still Attractive, Senior Research Analyst, Michael Heim, CFA, at Noble Capital Markets, Inc. wrote, “Energy industry fundamentals remain strong. Energy prices are high and show no sign of decreasing.” Heim is constructive on the price of oil and the related producers, “The drilling that is being done is very profitable and that should lead to higher company profits and improved company financials. We believe small energy companies that can expand without drawing attention may be at an advantage,” said Heim. 

 

Take-Away

Oil prices remain strong and have continued to rise into 2022. Threats to production from unrest in Kazakhstan have added to potential supply concerns and the strength we have seen so far in 2022.

OPEC+ producers have been regularly falling short of their targets, there is no reason to expect this to change. As supply bottlenecks ease, demand for oil should increase, however, inventory drawdowns are tapering and are expected to eventually reverse.

The first week of 2022 has seen oil prices shoot up over 5% and oil stocks finding themselves in the strongest sector.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Energy Stocks Level Out but Pricing is Still Attractive – Industry Report

Metals & Mining Fourth Quarter 2021 Review and Outlook – Industry Report

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

Is Thorium, Not Uranium the Future of Power Generation?

 

 

Sources:

https://www.energy.gov/fecm/articles/summary-50-million-barrel-release-strategic-petroleum-reserve

https://oilprice.com/

https://www.opec.org/opec_web/en/press_room/6766.htm

https://www.eia.gov/outlooks/steo/marketreview/crude.php

 

Stay up to date. Follow us:

	Image Credit: EnergyTomorrow – Drill Bit (Flickr) 

Why Some Forecasters are Bullish on Oil in 2022

 

Crude oil and oil companies finished 2021 strong despite the increased Covid19 infection rate during December. Forecasters are expecting supply and demand factors to continue to put upward price pressure on crude oil, and related companies.

Background

A dip in oil prices just after Thanksgiving appeared to be in response to fears of a new Covid19 variant potentially impacting holiday travel and other economic activity.  The move reversed as we moved through December as we experienced crude prices regaining lost ground. As the first trading week of 2022 comes to a close, energy prices have continued up in response to problems in Kazakhstan, but forecasts are bullish on the commodity and the sector beyond problems in that producer country.

 

 

From a demand standpoint, consumption remained strong for oil in December. This demand could increase further as manufacturing activity has been shown to be increasing as supply chain bottlenecks are beginning to lessen.

Although large economies are showing expansion the coronavirus recovery has been full of stops and starts, there is much uncertainty as to what lies ahead. With further recovery and reduced restrictions in travel, demand should increase further.

The Energy Information Administration (EIA) is expecting the trend of inventory drawdowns to slowly reverse this year. Any inventory growth could create downward pressure on crude oil prices. The EIA is forecasting Brent Crude prices averaging $71/barrel in Q2 2022, $70/barrel in Q3 2022, and $67/barrel in Q4 2022. But with part of the increased supply expected to come from U.S. shale, there remain significant caveats to their forecast.

 

 

The supply side is less certain. At its December 2^nd meeting, OPEC+ agreed to extend an increase in February of 400,000 barrels per day. It’s important to note that while OPEC+ has been increasing its output target at these meetings, actual production has fallen short as some members are struggling with capacity problems. So the announcements are viewed with the backdrop of OPEC+ producers missing their targets by 730,000 bpd in October and by 650,000 bpd in November.

In a quarterly energy industry report released this week, titled,  Energy
Stocks Level out But Pricing is Still Attractive, Senior Research Analyst, Michael Heim, CFA, at Noble Capital Markets, Inc. wrote, “Energy industry fundamentals remain strong. Energy prices are high and show no sign of decreasing.” Heim is constructive on the price of oil and the related producers, “The drilling that is being done is very profitable and that should lead to higher company profits and improved company financials. We believe small energy companies that can expand without drawing attention may be at an advantage,” said Heim. 

 

Take-Away

Oil prices remain strong and have continued to rise into 2022. Threats to production from unrest in Kazakhstan have added to potential supply concerns and the strength we have seen so far in 2022.

OPEC+ producers have been regularly falling short of their targets, there is no reason to expect this to change. As supply bottlenecks ease, demand for oil should increase, however, inventory drawdowns are tapering and are expected to eventually reverse.

The first week of 2022 has seen oil prices shoot up over 5% and oil stocks finding themselves in the strongest sector.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Energy Stocks Level Out but Pricing is Still Attractive – Industry Report

Metals & Mining Fourth Quarter 2021 Review and Outlook – Industry Report

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

Is Thorium, Not Uranium the Future of Power Generation?

 

 

Sources:

https://www.energy.gov/fecm/articles/summary-50-million-barrel-release-strategic-petroleum-reserve

https://oilprice.com/

https://www.opec.org/opec_web/en/press_room/6766.htm

https://www.eia.gov/outlooks/steo/marketreview/crude.php

 

Stay up to date. Follow us:

 

Capstone Green Energy (NASDAQ:CGRN) Signs with Global RAIS(R) as Its Solar PV Partner for the Growing Commercial & Industrial Microgrid Market

Research, News, and Market Data on Capstone Green Energy

 

Global RAIS^® Is a Provider of Modular, Low Voltage, Kit-Based Solar PV Solutions That Are Efficient, Reliable, Ultra-Safe, Resilient & Cost-Effective

VAN NUYS, CA / ACCESSWIRE / January 6, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has entered into a supply agreement with Global RAIS^® Energy & Storage Solutions (www.globalrais.com) (“Global RAIS”) for the supply of modular, low voltage, DC to DC solar photovoltaic (PV) kits for use in Capstone’s Commercial and Industrial-focused microgrid solutions.

Capstone Green Energy is partnering with Global RAIS^® because their solar energy systems offer a robust suite of advantages over conventional solar at a competitive price. The key advantages leading to Capstone’s selection are as follows:

Energy Density:
The Global RAIS^® APEX II DUO 450W and 515W modules offer very high power density per square foot of rooftop, which is critical for Capstone Green Energy’s commercial and industrial microgrid customers.

Grid Independence:
The Global RAIS^® systems are compatible with point-of-use system without a grid connection and offer the command and control of array and inverters for microgrid and grid-connected systems, which are key for Capstone’s remote hospitality, telecom, and oil and gas customers.

Redundant Solar Solution:
Unlike conventional solar PV, every element of the Global RAIS^® system has multiple connections so there are no single point failures; this makes the entire system highly robust and resilient. System reliability and resiliency are a cornerstone of Capstone’s value proposition with its commercial and industrial microgrid solutions.

Battery Storage-Ready Solution:
Global RAIS^® intelligent modules can charge batteries directly from the modules for true DC to DC storage, which is beneficial to Capstone’s microgrid solutions. Additionally, the systems naturally fit with Capstone’s 48V battery storage solutions.

Reliable and Robust Product:
The Global RAIS^® modules utilize a matrix topology and proprietary aluminum back sheet with integrated module-level controllers, offering a more robust real-world resiliency which is critical for some of Capstone’s end-use customers in remote and harsh environments.

Ease of Maintenance:
Global RAIS^® has a smart low voltage design (< 60V DC) which makes maintaining a device safe and easy, eliminating the need for costly installation specialists. The systems are low weight and require no roof penetrations.

“We did a significant amount of research to find the right private label solar PV partner with the right technology to help Capstone Green Energy’s customers meet their carbon reduction goals at a realistic cost,” said Capstone Green Energy Chief Executive Officer, Darren Jamison. “After considering several photovoltaic products on the market, Capstone selected Global RAIS^® because their product best meets the requirements of most of our commercial and industrial microgrid customers, at a competitive cost.”

“Global RAIS^® is proud to partner with Capstone Green Energy as a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their carbon reduction, energy savings and resiliency goals,” stated Bob Vanderhoff, Chief Executive Officer of Global RAIS^® Energy & Storage Solutions.

Global RAIS^® Energy and Storage Solutions purchased the intellectual property (IP) and related assets of tenKsolar^® in 2019. The Global RAIS^® solar technology has been deployed at almost 3,000 installations worldwide since 2008.

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 fiscal 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 Twitter, LinkedIn, Instagram, Facebook, and YouTube.

About Global RAIS^® Energy and Storage Solutions
Global RAIS^® Energy and Storage Solutions (www.globalrais.com) provides modular, low voltage, kit-based solar PV solutions that are efficient, reliable, and cost-effective. Its lightweight, ballasted systems are easy and safe to install, requiring less man-hours and reducing the cost for installation. Global RAIS’s ultra-safe systems can be adapted for small to mid-size off-grid and grid-tied installations and feature a unique DC to DC storage capability. Our highly resilient systems are more reliable in harsh and extreme environments.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

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

SOURCE: Capstone Green Energy Corporation

	Image Credit: IAEA Imagebank (Flickr)

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

 

Uranium futures are having their best week since early October. This is the result of protests in Kazakhstan that began Monday over an increase in natural gas costs. Natural gas powers most cars in the country of 19 million.  The protests are important to investors globally as Kazakhstan is a large energy producer, including 40% of the world’s uranium production. The country also has an abundance of other natural resources, including oil, gas, copper, and coal. Additionally, Kazakhstan has recently become a popular center for Bitcoin mining.

Crackdowns on protesters have impacted business. The government has suspended all operations of financial institutions including banks and the stock exchange, it has also disrupted communications. The situation continues to escalate despite Russia sending in “peacekeeping forces” to the former Soviet nation. There are reports of injuries and deaths of both protesters and police.

Impact on Uranium

As the world’s largest producer of uranium, any long-term disruption could impact prices and future supply. The price of uranium which is up 48.12% YOY, has traded higher on news this week of the protests and crackdown. Mining companies that operate outside of Kazakhstan have experienced upward pressure on their shares since the start of the year/week.

 

Data Source: Koyfin

 

Uranium Explorers/Producers With Operations in the Americas

While uranium stocks rose with uranium futures earlier this week, many have dipped as investors have now taken a wait-and-see stance. Listed below are a few small and microcap companies involved in uranium production that may be worth keeping on your radar as new developments play out.

Uranium Energy Corp (NYSE/AM: UEC)  is an independent U.S. uranium mining company. The company controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The company has a potential production profile of around 4 million pounds of U.S.-origin U3O8 per year with room to expand. UEC has a 52-week trading range of $1.51-$5.79 and is currently trading at $3.67.

Energy Fuels, Inc. (NYSE/AM:UUUU) is engaged in conventional and in-situ recovery (ISR) uranium extraction and recovery, along with exploration, permitting, and evaluation of properties in the United States. The Company conducts its ISR activities through its Nichols Ranch Project in northeast Wyoming and its Alta Mesa Project in south Texas. Detailed research including the Noble analyst 12-month
price target are available on Channelchek. UUUU has a 52-week trading range of $2.53-$11.39 and is currently trading at $7.90.

encore Energy Corp. (OTC/QB: ENCUF) is a diversified U.S. domestic uranium developer focused on becoming a leading ISR uranium producer. enCore’s initial opportunities are created from enCore’s licensed and past-producing South Texas-located Rosita and Kingsville Dome ISR production facilities, and multiple satellite projects in South Texas. ENCUF has a 52-week trading range of $0.64-$1.80 and is currently trading at $1.38.

Blue Sky Uranium (OTC/QB: BKUCF)     is a Canada-based junior mineral exploration company engaged in uranium and vanadium exploration in Argentina. It has approximately 4,000 square kilometers of prospective tenements. The Company’s projects include Amarillo Grande, Sierra Colonia, Tierras Coloradas, and Cerro Parva. The Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. A video presentation by the company management is available on Channelchek’s YouTube Channel.

 

Take-Away

Natural resource prices have a long history of increased volatility as turmoil hits regions where there are major suppliers. Mineral-rich Kazakhstan is currently going through a period of public uprising with uncertain consequences. Investors in this sector should further refine their watch-list.

Uranium and uranium producers have over the past year been benefitting from the move to low or no carbon-emitting fuels. The sector gained a lot of attention last year as announcements for new nuclear plants and physical uranium ETFs were created. Channelchek has been reporting on these developments including a series of videos of management presentations we call Power Players. We invite you to uncover more insights into the uranium mining industry through these Power Player videos.

 

Suggested Reading:

Can You Invest in Uranium Directly?

The Increasing Popularity of Uranium Investments

How does the Gates Buffett Natrium Reactor Work?

Is Thorium, Not Uranium the Future of Power Generation?

 

Sources:

https://www.bloombergquint.com/markets/turmoil-in-uranium-rich-kazakhstan-threatens-to-elevate-prices

https://www.aljazeera.com/news/2022/1/5/explainer-what-is-behind-the-protests-rocking-kazakhstan

https://online.flipbuilder.com/noblecon/roqa/

https://www.barrons.com/articles/russian-intervention-in-kazakhstan-fuels-markets-concerns-51641467131

 

Stay up to date. Follow us:

	Image Credit: IAEA Imagebank (Flickr)

Natural Gas Protests in Kazakhstan May Impact Global Fuel Costs Across the Board

 

Uranium futures are having their best week since early October. This is the result of protests in Kazakhstan that began Monday over an increase in natural gas costs. Natural gas powers most cars in the country of 19 million.  The protests are important to investors globally as Kazakhstan is a large energy producer, including 40% of the world’s uranium production. The country also has an abundance of other natural resources, including oil, gas, copper, and coal. Additionally, Kazakhstan has recently become a popular center for Bitcoin mining.

Crackdowns on protesters have impacted business. The government has suspended all operations of financial institutions including banks and the stock exchange, it has also disrupted communications. The situation continues to escalate despite Russia sending in “peacekeeping forces” to the former Soviet nation. There are reports of injuries and deaths of both protesters and police.

Impact on Uranium

As the world’s largest producer of uranium, any long-term disruption could impact prices and future supply. The price of uranium which is up 48.12% YOY, has traded higher on news this week of the protests and crackdown. Mining companies that operate outside of Kazakhstan have experienced upward pressure on their shares since the start of the year/week.

 

Data Source: Koyfin

 

Uranium Explorers/Producers With Operations in the Americas

While uranium stocks rose with uranium futures earlier this week, many have dipped as investors have now taken a wait-and-see stance. Listed below are a few small and microcap companies involved in uranium production that may be worth keeping on your radar as new developments play out.

Uranium Energy Corp (NYSE/AM: UEC)  is an independent U.S. uranium mining company. The company controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The company has a potential production profile of around 4 million pounds of U.S.-origin U3O8 per year with room to expand. UEC has a 52-week trading range of $1.51-$5.79 and is currently trading at $3.67.

Energy Fuels, Inc. (NYSE/AM:UUUU) is engaged in conventional and in-situ recovery (ISR) uranium extraction and recovery, along with exploration, permitting, and evaluation of properties in the United States. The Company conducts its ISR activities through its Nichols Ranch Project in northeast Wyoming and its Alta Mesa Project in south Texas. Detailed research including the Noble analyst 12-month
price target are available on Channelchek. UUUU has a 52-week trading range of $2.53-$11.39 and is currently trading at $7.90.

encore Energy Corp. (OTC/QB: ENCUF) is a diversified U.S. domestic uranium developer focused on becoming a leading ISR uranium producer. enCore’s initial opportunities are created from enCore’s licensed and past-producing South Texas-located Rosita and Kingsville Dome ISR production facilities, and multiple satellite projects in South Texas. ENCUF has a 52-week trading range of $0.64-$1.80 and is currently trading at $1.38.

Blue Sky Uranium (OTC/QB: BKUCF)     is a Canada-based junior mineral exploration company engaged in uranium and vanadium exploration in Argentina. It has approximately 4,000 square kilometers of prospective tenements. The Company’s projects include Amarillo Grande, Sierra Colonia, Tierras Coloradas, and Cerro Parva. The Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. A video presentation by the company management is available on Channelchek’s YouTube Channel.

 

Take-Away

Natural resource prices have a long history of increased volatility as turmoil hits regions where there are major suppliers. Mineral-rich Kazakhstan is currently going through a period of public uprising with uncertain consequences. Investors in this sector should further refine their watch-list.

Uranium and uranium producers have over the past year been benefitting from the move to low or no carbon-emitting fuels. The sector gained a lot of attention last year as announcements for new nuclear plants and physical uranium ETFs were created. Channelchek has been reporting on these developments including a series of videos of management presentations we call Power Players. We invite you to uncover more insights into the uranium mining industry through these Power Player videos.

 

Suggested Reading:

Can You Invest in Uranium Directly?

The Increasing Popularity of Uranium Investments

How does the Gates Buffett Natrium Reactor Work?

Is Thorium, Not Uranium the Future of Power Generation?

 

Sources:

https://www.bloombergquint.com/markets/turmoil-in-uranium-rich-kazakhstan-threatens-to-elevate-prices

https://www.aljazeera.com/news/2022/1/5/explainer-what-is-behind-the-protests-rocking-kazakhstan

https://online.flipbuilder.com/noblecon/roqa/

https://www.barrons.com/articles/russian-intervention-in-kazakhstan-fuels-markets-concerns-51641467131

 

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Capstone Green Energy (NASDAQ:CGRN) Signs with Global RAIS(R) as Its Solar PV Partner for the Growing Commercial & Industrial Microgrid Market

Research, News, and Market Data on Capstone Green Energy

 

Global RAIS^® Is a Provider of Modular, Low Voltage, Kit-Based Solar PV Solutions That Are Efficient, Reliable, Ultra-Safe, Resilient & Cost-Effective

VAN NUYS, CA / ACCESSWIRE / January 6, 2022 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has entered into a supply agreement with Global RAIS^® Energy & Storage Solutions (www.globalrais.com) (“Global RAIS”) for the supply of modular, low voltage, DC to DC solar photovoltaic (PV) kits for use in Capstone’s Commercial and Industrial-focused microgrid solutions.

Capstone Green Energy is partnering with Global RAIS^® because their solar energy systems offer a robust suite of advantages over conventional solar at a competitive price. The key advantages leading to Capstone’s selection are as follows:

Energy Density:
The Global RAIS^® APEX II DUO 450W and 515W modules offer very high power density per square foot of rooftop, which is critical for Capstone Green Energy’s commercial and industrial microgrid customers.

Grid Independence:
The Global RAIS^® systems are compatible with point-of-use system without a grid connection and offer the command and control of array and inverters for microgrid and grid-connected systems, which are key for Capstone’s remote hospitality, telecom, and oil and gas customers.

Redundant Solar Solution:
Unlike conventional solar PV, every element of the Global RAIS^® system has multiple connections so there are no single point failures; this makes the entire system highly robust and resilient. System reliability and resiliency are a cornerstone of Capstone’s value proposition with its commercial and industrial microgrid solutions.

Battery Storage-Ready Solution:
Global RAIS^® intelligent modules can charge batteries directly from the modules for true DC to DC storage, which is beneficial to Capstone’s microgrid solutions. Additionally, the systems naturally fit with Capstone’s 48V battery storage solutions.

Reliable and Robust Product:
The Global RAIS^® modules utilize a matrix topology and proprietary aluminum back sheet with integrated module-level controllers, offering a more robust real-world resiliency which is critical for some of Capstone’s end-use customers in remote and harsh environments.

Ease of Maintenance:
Global RAIS^® has a smart low voltage design (< 60V DC) which makes maintaining a device safe and easy, eliminating the need for costly installation specialists. The systems are low weight and require no roof penetrations.

“We did a significant amount of research to find the right private label solar PV partner with the right technology to help Capstone Green Energy’s customers meet their carbon reduction goals at a realistic cost,” said Capstone Green Energy Chief Executive Officer, Darren Jamison. “After considering several photovoltaic products on the market, Capstone selected Global RAIS^® because their product best meets the requirements of most of our commercial and industrial microgrid customers, at a competitive cost.”

“Global RAIS^® is proud to partner with Capstone Green Energy as a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their carbon reduction, energy savings and resiliency goals,” stated Bob Vanderhoff, Chief Executive Officer of Global RAIS^® Energy & Storage Solutions.

Global RAIS^® Energy and Storage Solutions purchased the intellectual property (IP) and related assets of tenKsolar^® in 2019. The Global RAIS^® solar technology has been deployed at almost 3,000 installations worldwide since 2008.

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 fiscal 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 Twitter, LinkedIn, Instagram, Facebook, and YouTube.

About Global RAIS^® Energy and Storage Solutions
Global RAIS^® Energy and Storage Solutions (www.globalrais.com) provides modular, low voltage, kit-based solar PV solutions that are efficient, reliable, and cost-effective. Its lightweight, ballasted systems are easy and safe to install, requiring less man-hours and reducing the cost for installation. Global RAIS’s ultra-safe systems can be adapted for small to mid-size off-grid and grid-tied installations and feature a unique DC to DC storage capability. Our highly resilient systems are more reliable in harsh and extreme environments.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

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

SOURCE: Capstone Green Energy Corporation

David George Joins Gevo as Senior Vice President, Verity Tracking

Research, News, and Market Data on Gevo

 

ENGLEWOOD, Colo., Jan. 04, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ:GEVO), announced today that David George has joined Gevo as Senior Vice President, Verity Tracking. Mr. George brings over 20 years of experience in technical, commercial, and business development leadership with a particular emphasis in blockchain technology. Before coming to Gevo, he served as the Chief Commercial Officer at Xpansiv, Inc., a leading enterprise ESG blockchain infrastructure company, where he was responsible for building the market and product strategy for the very first blockchain enabled tokenized commodities platform. He also served as the Chief Commercial Officer at Gem, Inc., where he helped establish and launch some of the very first enterprise blockchains globally.

Mr. George will manage the launch and strategy development for Verity Tracking, a blockchain technology for tracking sustainability, building trust, and setting the standards for the growing industry. Verity is expected to use smart contracts on a distributed ledger technology platform to track, document, and verify the value of sustainability. This system is expected to enable a level of sustainability assurance that has not yet been seen in the market. Mr. George will work closely with Gevo’s senior management and external stakeholders to grow this platform into a standalone corporate entity for carbon accounting.

“Dave is a seasoned executive who brings a deep technical, product, and market expertise to the table,” said Dr. Paul Bloom, Chief Carbon Officer and Chief Innovation Officer. “We’re very lucky to have him at the head of this blockchain initiative as we spin off Verity. Additionally, Dave will lead program development efforts between Gevo and Blocksize Capital to meet carbon tracking objectives, as well as deliver on existing programs for the needs of Net-Zero 1 and Gevo’s Billion Gallon Initiative.”

“It’s an honor to join ranks with Dr. Bloom and his team, and Verity Tracking is an immensely valuable project,” said Mr. George. “I’m eager to create a project pipeline, build strategic alliances, and maximize Verity’s growth and efficiency.”

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 also plans to take advantage of decarbonization via geological sequestration in the future. 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, without limitation, including the hiring of David George and his past experience and employment, the attributes of Verity and Gevo’s products, the commercialization of Verity, 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

enCore Energy Announces Completion Of Azarga Uranium Acquisition: Creation Of Top Tier United States ISR Uranium Company

Research, News, and Market Data on enCore Energy

 

CORPUS CHRISTI, Texas, Jan. 4, 2022 /PRNewswire/ – enCore Energy Corp. (“enCore“) (TSXV: EU) (OTCQB: ENCUF) and Azarga Uranium Corp. (“Azarga Uranium“) (TSX:AZZ,OTCQB:AZZUF, FRA:P8AA) are pleased to announce the closing of the previously announced plan of arrangement (the “Arrangement“) whereby enCore has acquired all of the outstanding shares of Azarga Uranium. The Arrangement consolidates an industry leading pipeline of exploration and development stage in-situ recovery (“ISR“) projects, including two production licenses and focused uranium projects in preferred, permittable United States jurisdictions and resources of approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category¹.

enCore’s assets include the licensed Rosita & Kingsville production facilities in South Texas, the advanced-stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-stage Gas Hills Project, located in Wyoming, and a dominant portfolio of large high quality ISR projects throughout Wyoming and New Mexico. The completion of the Arrangement is the second major acquisition by enCore within the past twelve months and represents a continuation of enCore’s strategy to create the leading United States ISR uranium producer.

William Sheriff, Executive Chairman of enCore, stated: “ISR production has major operating and capital cost advantages as well as significantly less environmental impact compared to conventional mining. This strategic acquisition adds strong mid-term ISR opportunities in Wyoming and South Dakota to enCore’s pipeline of near term production in Texas and longer-term opportunities in New Mexico. This second major acquisition for enCore within the last 12 months is in keeping with our announced decision to implement the aggressive M&A strategy our team successfully used to quickly build Energy Metals Corp, which was sold for $1.6 billion during the last uranium cycle. We believe industry consolidation in conjunction with an elite operational team are the keys to success in building a leading US ISR company.”

Paul Goranson, Chief Executive Officer of enCore, commented: “Dewey Burdock is an excellent advanced ISR uranium project along with the Gas Hills property in Wyoming. Our experienced operating team looks forward to building upon Azarga Uranium’s success to create additional value through development progress and production while continuing to advance our Texas assets to production to deliver into two sales contracts beginning in 2023.”

With this transformational acquisition complete and a strong cash position, work is underway to implement enCore’s operational gameplan:

• South Texas based Rosita Plant modernization on schedule and on budget for a Q2/22 completion;
• Expansion of Texas resource base for Rosita production;
• Rosita project wellfield drilling underway;
• NI 43-101 resource estimates and reclassification of historic resources nearing completion;
• Implement an expanded community outreach strategy to develop long term mutually-beneficial opportunities in New Mexico;
• On-going non-core asset divestment;
• Evaluation of and advancing future growth opportunities.

With the completion of the transaction, additional work on projects previously held by Azarga Uranium will include:

• Intensify and accelerate permitting related to the advancement of the Dewey Burdock project in South Dakota;
• Initiate permitting to advance the Gas Hills project in Wyoming;
• Advance future development of the Aladdin and Dewey Terrace properties in Wyoming.

Closing of the Arrangement 

Pursuant to the Arrangement, enCore acquired all of the issued and outstanding common shares of Azarga Uranium on the basis of 0.375 common shares of enCore for each Azarga Uranium share.  Outstanding warrants and options to purchase common shares of Azarga Uranium were deemed to be exchanged for options and warrants to purchase common shares of enCore and were adjusted in accordance with their terms based on the exchange ratio.

The common shares of Azarga Uranium are expected to be delisted from the Toronto Stock Exchange (“TSX“) within 2 to 3 trading days following the closing of the Arrangement in accordance with stock exchange policies.  Azarga Uranium will apply to cease to be a reporting issuer under Canadian securities laws.

The U.S. Nuclear Regulatory Commission (“NRC“) is completing a review in connection with the NRC’s consent to the change of control over the Dewey Burdock Source and By-Product Materials License.  enCore has agreed to maintain the existing Azarga Uranium management and directors in place pending conclusion of the NRC consent process, currently scheduled for February 1, 2022. Following the NRC’s consent, enCore will appoint a director from Azarga Uranium to join the enCore board of directors, and engage Blake Steele as a strategic advisor to enCore, as previously announced.  

About enCore Energy Corp.

enCore Energy, the most diversified U.S. domestic uranium developer is focused on becoming a leading ISR uranium producer. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore’s initial opportunities are created from enCore’s licensed and past-producing South Texas-located Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. The advanced staged Dewey Burdock project in South Dakota and the Gas Hills project in Wyoming add to the large uranium resource endowments in New Mexico creating an outstanding asset base for long term growth and development opportunities with approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category¹.

About Azarga Uranium Corp.

Azarga Uranium, a 100% owned subsidiary of enCore Energy, is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing ISR uranium projects. The Dewey Burdock ISR uranium project in South Dakota, USA, which is Azarga Uranium’s initial development priority, has been issued its NRC License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and Azarga Uranium is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock project.

Dr. Douglas H. Underhill, CPG, the Company’s Chief Geologist and a Qualified Person under NI 43-101, has approved the technical disclosure in this news release.

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently identified by such words as may, will, plan, expect, anticipate, estimate, intend, indicate, scheduled, target, goal, potential, subject, efforts, option and similar words, or the negative connotations thereof, referring to future events and results. Forward looking statements in this press release include, but are not limited to, statements related to the implementation of enCore’s operational gameplan, additional work on projects previously held by Azarga Uranium, the delisting of the common shares of Azarga Uranium, Azarga Uranium ceasing to be a reporting issuer, changes to the board and management of enCore and Azarga Uranium and the anticipated benefits of the Arrangement. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of enCore and/or Azarga Uranium to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the costs associated with enCore’s objectives; risks and uncertainties related to the COVID-19 pandemic and measures taken to attempt to reduce the spread of COVID-19; and the risks and uncertainties identified in each of enCore and Azarga Uranium’s most recent Management’s Discussion and Analysis, filed on SEDAR at www.sedar.com. Although management of enCore and Azarga Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate.  Readers should not place undue reliance on forward-looking statements. Neither enCore nor Azarga Uranium will update any forward-looking statements except as required by applicable securities laws. enCore and Azarga Uranium caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the enCore common shares in connection with the transactions described herein will not be registered under the U.S. Securities Act and the enCore common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the enCore common shares, nor shall there be any offer or sale of the enCore common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE enCore Energy Corp.

enCore Energy Announces Completion Of Azarga Uranium Acquisition: Creation Of Top Tier United States ISR Uranium Company

Research, News, and Market Data on enCore Energy

 

CORPUS CHRISTI, Texas, Jan. 4, 2022 /PRNewswire/ – enCore Energy Corp. (“enCore“) (TSXV: EU) (OTCQB: ENCUF) and Azarga Uranium Corp. (“Azarga Uranium“) (TSX:AZZ,OTCQB:AZZUF, FRA:P8AA) are pleased to announce the closing of the previously announced plan of arrangement (the “Arrangement“) whereby enCore has acquired all of the outstanding shares of Azarga Uranium. The Arrangement consolidates an industry leading pipeline of exploration and development stage in-situ recovery (“ISR“) projects, including two production licenses and focused uranium projects in preferred, permittable United States jurisdictions and resources of approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category¹.

enCore’s assets include the licensed Rosita & Kingsville production facilities in South Texas, the advanced-stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits, the PEA-stage Gas Hills Project, located in Wyoming, and a dominant portfolio of large high quality ISR projects throughout Wyoming and New Mexico. The completion of the Arrangement is the second major acquisition by enCore within the past twelve months and represents a continuation of enCore’s strategy to create the leading United States ISR uranium producer.

William Sheriff, Executive Chairman of enCore, stated: “ISR production has major operating and capital cost advantages as well as significantly less environmental impact compared to conventional mining. This strategic acquisition adds strong mid-term ISR opportunities in Wyoming and South Dakota to enCore’s pipeline of near term production in Texas and longer-term opportunities in New Mexico. This second major acquisition for enCore within the last 12 months is in keeping with our announced decision to implement the aggressive M&A strategy our team successfully used to quickly build Energy Metals Corp, which was sold for $1.6 billion during the last uranium cycle. We believe industry consolidation in conjunction with an elite operational team are the keys to success in building a leading US ISR company.”

Paul Goranson, Chief Executive Officer of enCore, commented: “Dewey Burdock is an excellent advanced ISR uranium project along with the Gas Hills property in Wyoming. Our experienced operating team looks forward to building upon Azarga Uranium’s success to create additional value through development progress and production while continuing to advance our Texas assets to production to deliver into two sales contracts beginning in 2023.”

With this transformational acquisition complete and a strong cash position, work is underway to implement enCore’s operational gameplan:

• South Texas based Rosita Plant modernization on schedule and on budget for a Q2/22 completion;
• Expansion of Texas resource base for Rosita production;
• Rosita project wellfield drilling underway;
• NI 43-101 resource estimates and reclassification of historic resources nearing completion;
• Implement an expanded community outreach strategy to develop long term mutually-beneficial opportunities in New Mexico;
• On-going non-core asset divestment;
• Evaluation of and advancing future growth opportunities.

With the completion of the transaction, additional work on projects previously held by Azarga Uranium will include:

• Intensify and accelerate permitting related to the advancement of the Dewey Burdock project in South Dakota;
• Initiate permitting to advance the Gas Hills project in Wyoming;
• Advance future development of the Aladdin and Dewey Terrace properties in Wyoming.

Closing of the Arrangement 

Pursuant to the Arrangement, enCore acquired all of the issued and outstanding common shares of Azarga Uranium on the basis of 0.375 common shares of enCore for each Azarga Uranium share.  Outstanding warrants and options to purchase common shares of Azarga Uranium were deemed to be exchanged for options and warrants to purchase common shares of enCore and were adjusted in accordance with their terms based on the exchange ratio.

The common shares of Azarga Uranium are expected to be delisted from the Toronto Stock Exchange (“TSX“) within 2 to 3 trading days following the closing of the Arrangement in accordance with stock exchange policies.  Azarga Uranium will apply to cease to be a reporting issuer under Canadian securities laws.

The U.S. Nuclear Regulatory Commission (“NRC“) is completing a review in connection with the NRC’s consent to the change of control over the Dewey Burdock Source and By-Product Materials License.  enCore has agreed to maintain the existing Azarga Uranium management and directors in place pending conclusion of the NRC consent process, currently scheduled for February 1, 2022. Following the NRC’s consent, enCore will appoint a director from Azarga Uranium to join the enCore board of directors, and engage Blake Steele as a strategic advisor to enCore, as previously announced.  

About enCore Energy Corp.

enCore Energy, the most diversified U.S. domestic uranium developer is focused on becoming a leading ISR uranium producer. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore’s initial opportunities are created from enCore’s licensed and past-producing South Texas-located Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. The advanced staged Dewey Burdock project in South Dakota and the Gas Hills project in Wyoming add to the large uranium resource endowments in New Mexico creating an outstanding asset base for long term growth and development opportunities with approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category¹.

About Azarga Uranium Corp.

Azarga Uranium, a 100% owned subsidiary of enCore Energy, is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing ISR uranium projects. The Dewey Burdock ISR uranium project in South Dakota, USA, which is Azarga Uranium’s initial development priority, has been issued its NRC License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and Azarga Uranium is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock project.

Dr. Douglas H. Underhill, CPG, the Company’s Chief Geologist and a Qualified Person under NI 43-101, has approved the technical disclosure in this news release.

Cautionary Statements

Certain information contained herein constitutes forward-looking information or statements under applicable securities legislation and rules. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently identified by such words as may, will, plan, expect, anticipate, estimate, intend, indicate, scheduled, target, goal, potential, subject, efforts, option and similar words, or the negative connotations thereof, referring to future events and results. Forward looking statements in this press release include, but are not limited to, statements related to the implementation of enCore’s operational gameplan, additional work on projects previously held by Azarga Uranium, the delisting of the common shares of Azarga Uranium, Azarga Uranium ceasing to be a reporting issuer, changes to the board and management of enCore and Azarga Uranium and the anticipated benefits of the Arrangement. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of enCore and/or Azarga Uranium to be materially different from those expressed or implied by such forward-looking statements, including, but not limited to: the costs associated with enCore’s objectives; risks and uncertainties related to the COVID-19 pandemic and measures taken to attempt to reduce the spread of COVID-19; and the risks and uncertainties identified in each of enCore and Azarga Uranium’s most recent Management’s Discussion and Analysis, filed on SEDAR at www.sedar.com. Although management of enCore and Azarga Uranium have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate.  Readers should not place undue reliance on forward-looking statements. Neither enCore nor Azarga Uranium will update any forward-looking statements except as required by applicable securities laws. enCore and Azarga Uranium caution readers not to place undue reliance on these forward-looking statements and it does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.

This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the United States. The distribution of the enCore common shares in connection with the transactions described herein will not be registered under the U.S. Securities Act and the enCore common shares may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the enCore common shares, nor shall there be any offer or sale of the enCore common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE enCore Energy Corp.