Category: Energy

Release – Gevo Announces Plans for Hydrocarbon-Process Pilot Unit at Luverne Facility

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Gevo Announces Plans for Hydrocarbon-Process Pilot Unit at Luverne Facility

 

ENGLEWOOD, Colo., September 7, 2021 — Gevo, Inc. (NASDAQ: GEVO), announced that it plans to install an alcohol-to-hydrocarbon process pilot unit at its facility located in Luverne, Minnesota (the “Luverne Facility”). The pilot unit is being designed to produce market development quantities of sustainable aviation fuel (“SAF”), renewable premium gasoline, other renewable fuel products, as well as provide capability to supply market development quantities of chemical products. The installation is estimated to begin in Q3 2022 with startup demonstration production expected in Q4 2022.

In addition, we expect to test and evaluate certain potential unit operations that may be incorporated into Gevo’s state-of-the-art Net-Zero 1 production facility that is expected to begin production in 2024 in Lake Preston, South Dakota. Installation of the pilot unit at the Gevo-Luverne facility is part of the plan to use the facility as a technology development and piloting site. The pilot unit will also be used in training of employees for Net-Zero 1 and other future projects.

“The work we do at the Luverne facility will be critical in establishing a smooth startup of Net-Zero 1 and future Net-Zero projects for ramping up capacity right out of the gate,” stated Dr. Paul Bloom, Chief Carbon & Innovation Officer of Gevo. Dr. Bloom continued, “We also plan to use the new pilot capability to support our robust pipeline of new renewable fuel and chemical projects in the future, which is also a first step in converting Luverne into a hydrocarbon facility. We couldn’t do that effectively without the support we’ve received from the City of Luverne and the State of Minnesota. We’re excited to bring more high-quality jobs to the area and to continue to be a part of the Luverne community.”

Agri-Energy, LLC, Gevo’s wholly-owned subsidiary that owns the Luverne Facility, rehired multiple former employees in the beginning of August, and is in the process of hiring additional employees to produce the isobutanol (IBA) that is the feedstock for the hydrocarbon pilot unit. Additional operations staff will be required for the hydrocarbon production, though a certain number cannot yet be attributed to it.

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, without limitation, including the Luverne Facility, the Luverne Facility’s ability to produce IBA, SAF or other products, the Net-Zero 1 project, Gevo’s technology, Gevo’s products, 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.

 

Investor and Media Contact
IR@gevo.com

+1 720-647-9605

Gevo Announces Plans for Hydrocarbon-Process Pilot Unit at Luverne Facility

Posted on by Admin


Gevo Announces Plans for Hydrocarbon-Process Pilot Unit at Luverne Facility

 

ENGLEWOOD, Colo., September 7, 2021 — Gevo, Inc. (NASDAQ: GEVO), announced that it plans to install an alcohol-to-hydrocarbon process pilot unit at its facility located in Luverne, Minnesota (the “Luverne Facility”). The pilot unit is being designed to produce market development quantities of sustainable aviation fuel (“SAF”), renewable premium gasoline, other renewable fuel products, as well as provide capability to supply market development quantities of chemical products. The installation is estimated to begin in Q3 2022 with startup demonstration production expected in Q4 2022.

In addition, we expect to test and evaluate certain potential unit operations that may be incorporated into Gevo’s state-of-the-art Net-Zero 1 production facility that is expected to begin production in 2024 in Lake Preston, South Dakota. Installation of the pilot unit at the Gevo-Luverne facility is part of the plan to use the facility as a technology development and piloting site. The pilot unit will also be used in training of employees for Net-Zero 1 and other future projects.

“The work we do at the Luverne facility will be critical in establishing a smooth startup of Net-Zero 1 and future Net-Zero projects for ramping up capacity right out of the gate,” stated Dr. Paul Bloom, Chief Carbon & Innovation Officer of Gevo. Dr. Bloom continued, “We also plan to use the new pilot capability to support our robust pipeline of new renewable fuel and chemical projects in the future, which is also a first step in converting Luverne into a hydrocarbon facility. We couldn’t do that effectively without the support we’ve received from the City of Luverne and the State of Minnesota. We’re excited to bring more high-quality jobs to the area and to continue to be a part of the Luverne community.”

Agri-Energy, LLC, Gevo’s wholly-owned subsidiary that owns the Luverne Facility, rehired multiple former employees in the beginning of August, and is in the process of hiring additional employees to produce the isobutanol (IBA) that is the feedstock for the hydrocarbon pilot unit. Additional operations staff will be required for the hydrocarbon production, though a certain number cannot yet be attributed to it.

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, without limitation, including the Luverne Facility, the Luverne Facility’s ability to produce IBA, SAF or other products, the Net-Zero 1 project, Gevo’s technology, Gevo’s products, 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.

 

Investor and Media Contact
IR@gevo.com

+1 720-647-9605

Uranium Mining Stocks are on Fire Heres Why

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	Image Credit: IAEA ImageBank (Flickr)

Why Uranium Mining Stocks Can Continue Climbing Higher

 

Uranium futures prices have put in an incredible performance since mid-August. With a 22.8% rise in 15 trading days, the commodity has amassed more than 1.5% per day. By contrast, the S&P 500 also had a better than normal run, it grew a total of 1.35% during the same period. Uranium (U308), now priced at $37.20 per 250 lbs. is well above its six-year high, and growing demand seems to want to pull it higher.

More incredible performances than this can be found in the stock market while looking at mining stocks that are working to supply both reactors and more recently investment funds that hold U308 for their shareholders.

 

 

Examples of U308 Mining Company Performance

Two U.S. companies involved in different aspects of mining the yellow metal are Energy Fuels (UUUU) and enCore Energy (ENCUF).

Energy Fuels is the leading U.S. producer of uranium and is also a sizeable U.S. producer of vanadium and an emerging player in the rare earth segment. It stands to continue to benefit from the tight supply and increasing demand by utilities and investors. The other, enCore Energy, is currently a uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The ISR process removes the uranium from the ground while leaving the host rock in place.

Energy Fuels (UUUU) has far outperformed the spot price of uranium during the period beginning August 16. In fact, having moved from $4.77 to $6.30, shareholders have experienced a 32% gain in value.

 

 

enCore Energy has also outperformed the massive commodity price performance. The developer saw its shares rise from $0.95 at the open on August 16, to 1.54% after the open today. This equates to a 62% increase. That average is over 4% per trading day.

 

 

Certainly, the pace of growth can not continue straight up for U308 or uranium-related companies, but the supply coming onto the market is not expected to keep pace with demand. This economic basic of price discovery should continue to help boost the companies that are bringing more of the energy source to market.

Take-Away

Some uranium mining companies have experienced a meteoric rise that has been outperforming almost every other sector. Understanding the differences between an exploration company, a developer, and a producer can help you navigate and sort opportunities.  Earlier this week Channelchek held a Uranium Investor
Forum featuring seven different companies including the two mentioned in this article. To dig deeper into the investment potential of uranium, and the specifics of these companies, the banner below will bring you to the video replay of this invaluable forum.

 

Noble Capital Markets Uranium Power Players Investor Forum

Watch all the replays from the Noble Uranium Power Players Investor Forum, a virtual conference bringing together leading companies involved in the exploration and production of uranium. Noble Capital Markets senior uranium analyst Michael Heim guides the companies through a question and answer session following each presentation.
Watch The Replays

 

Sources:

Channelchek.com

Koyfin.com

Uranium Mining Stocks are on Fire, Here’s Why

Posted on by Admin 


	Image Credit: IAEA ImageBank (Flickr)

Why Uranium Mining Stocks Can Continue Climbing Higher

 

Uranium futures prices have put in an incredible performance since mid-August. With a 22.8% rise in 15 trading days, the commodity has amassed more than 1.5% per day. By contrast, the S&P 500 also had a better than normal run, it grew a total of 1.35% during the same period. Uranium (U308), now priced at $37.20 per 250 lbs. is well above its six-year high, and growing demand seems to want to pull it higher.

More incredible performances than this can be found in the stock market while looking at mining stocks that are working to supply both reactors and more recently investment funds that hold U308 for their shareholders.

 

 

Examples of U308 Mining Company Performance

Two U.S. companies involved in different aspects of mining the yellow metal are Energy Fuels (UUUU) and enCore Energy (ENCUF).

Energy Fuels is the leading U.S. producer of uranium and is also a sizeable U.S. producer of vanadium and an emerging player in the rare earth segment. It stands to continue to benefit from the tight supply and increasing demand by utilities and investors. The other, enCore Energy, is currently a uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The ISR process removes the uranium from the ground while leaving the host rock in place.

Energy Fuels (UUUU) has far outperformed the spot price of uranium during the period beginning August 16. In fact, having moved from $4.77 to $6.30, shareholders have experienced a 32% gain in value.

 

 

enCore Energy has also outperformed the massive commodity price performance. The developer saw its shares rise from $0.95 at the open on August 16, to 1.54% after the open today. This equates to a 62% increase. That average is over 4% per trading day.

 

 

Certainly, the pace of growth can not continue straight up for U308 or uranium-related companies, but the supply coming onto the market is not expected to keep pace with demand. This economic basic of price discovery should continue to help boost the companies that are bringing more of the energy source to market.

Take-Away

Some uranium mining companies have experienced a meteoric rise that has been outperforming almost every other sector. Understanding the differences between an exploration company, a developer, and a producer can help you navigate and sort opportunities.  Earlier this week Channelchek held a Uranium Investor
Forum featuring seven different companies including the two mentioned in this article. To dig deeper into the investment potential of uranium, and the specifics of these companies, the banner below will bring you to the video replay of this invaluable forum.

 

Noble Capital Markets Uranium Power Players Investor Forum

Watch all the replays from the Noble Uranium Power Players Investor Forum, a virtual conference bringing together leading companies involved in the exploration and production of uranium. Noble Capital Markets senior uranium analyst Michael Heim guides the companies through a question and answer session following each presentation.
Watch The Replays

 

Sources:

Channelchek.com

Koyfin.com

Release – Energy Fuels Issues Reminder Regarding Expiration of Warrants

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Energy Fuels Issues Reminder Regarding Expiration of Warrants

 

LAKEWOOD, Colo., Sept. 2, 2021 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company“) today reminds holders of its outstanding common share purchase warrants (CUSIP: 292671179 / ISIN: CA2926711797) (the “Warrants“) that the Warrants will expire at 5:00 p.m. Toronto time on Monday, September 20, 2021 (“Time of Expiry“). The corresponding Warrant Indenture dated as of September 20, 2016 (the “Indenture“) by and among Energy Fuels, CST Trust Company (the “Canadian Warrant Agent” or “AST“) and American Stock Transfer & Trust Company, LLC (the “U.S. Warrant Agent“) may be viewed on the U.S. Securities and Exchange Commission’s Electronic Document Gathering and Retrieval System (“EDGAR“) at https://www.sec.gov/Archives/edgar/data/1385849/000106299316011518/exhibit4-1.htm, as summarized in a Form 51-102F3 Material Change Report filed September 20, 2016 with the System for Electronic Document Analysis and Retrieval (“SEDAR“), which may be viewed at www.sedar.com.

Any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021 will expire and become void, and the holder will no longer be able to exercise such voided Warrants. As the Warrants are currently “in-the-money,” the Company recommends that Warrant holders take appropriate steps to protect their investment.

All capitalized terms used herein that are not otherwise defined shall have the meanings set forth in the Indenture.

The Warrants trade on the NYSE American (the “NYSE“) under the symbol UUUU-WT and on the Toronto Stock Exchange (the “TSX“) under the symbol EFR.WT. The NYSE notified Energy Fuels that it will suspend trading in the Warrants after the close of trading on September 15, 2021 so that trades can be timely settled by September 20, 2021. The TSX, however, will not suspend trading in the Warrants until market close on September 20, 2021.

As of August 31, 2021, there were 2,107,004 Warrants outstanding. Each whole Warrant represents the right to purchase one (1) common share in the capital stock of Energy Fuels (a “Common Share“) at an exercise price of USD$2.45 per Common Share.

Further information on the Warrants may be requested from, and further questions may be directed to, the Company at investorinfo@energyfuels.com. Answers to commonly asked questions are as follows:  

  • How many Warrants were issued pursuant to the Indenture?
    4,168,750 Warrants as of the date of the Indenture.

  • Where do I send my Warrants in order to exercise them?
    All required documentation must be sent to AST’s Corporate Actions Department per the following instructions:

By Hand, Courier or Registered Mail

By Mail (Except Registered Mail)

1 Toronto Street

P. O. Box 1036

Suite 1200

Adelaide Street Postal Station

Toronto, Ontario

Toronto, Ontario

M5C 2V6

M5C 2K4

Attention: Corporate Actions

Attention: Corporate Actions

 

  • What documentation is required in order to exercise my Warrants?
    1. Original warrant certificate with the Subscription Form on the back filled out completely; and

    2. Payment to the AST Corporate Actions Department. 
               *Certified cheques should be made payable to AST TRUST COMPANY (CANADA).

In addition, if the Warrants are held in the name of a corporate/business entity rather than an individual:

3. A corporate resolution from the entity designating an authorized official to sign on its behalf; and 
         *Must submit an original, dated within the last six (6) months
         *Subscription Form must be signed exactly as authorized in the resolution

4. If the entity has a single director, either a medallion stamp affixed to the Subscription Form or a notary stamp at the bottom of the corporate resolution.

  • May I wire funds to AST to cover the cost of my exercise rather than by way of a certified cheque?
    Yes. Please contact the Company for the relevant wiring instructions.

  • Where may I direct questions about my Warrants or the status of a previously submitted exercise?
    Questions should be directed to AST at 1-800-387-0825 (in North America) or (416) 682-3860 (outside North America) or by sending an e-mail to inquiries@astfinancial.com.

  • How long will it take to receive my Common Shares following an exercise of Warrants?
    As a part of a warrant holder’s exercise process, AST’s Corporate Actions Department sends a requisition to the U.S. Warrant Agent to issue the Common Shares, and simultaneously sends the exercise funds to Energy Fuels as compensation so that the Common Shares are fully paid and non-assessable as of the issuance date. Receipt of such requisition, confirmation of the Company’s receipt of funds, and the resulting Common Share issuance typically takes up to 2-3 weeks in total. However, this timeframe is provided for reference only and in no way represents a commitment or obligation of Energy Fuels, AST or the U.S. Warrant Agent.

  • Can I exercise my Warrants electronically?
    No, there is no way to do so.

  • Can I exercise my Warrants directly through Energy Fuels rather than sending my exercise and payment to AST?
    No, all documentation must go through AST and in accordance with the terms of the Indenture.

  • Is there a process at AST to expedite my exercise?
    No, there is no way to do so. Exercises are processed in the order in which they are received, and a significant number of exercises are currently being processed and are expected to come in prior to the Time of Expiry.

  • Are the Common Shares that result from my exercise of Warrants free-trading?
    Yes.

  • Do the Warrants use an American-style exercise (i.e., can they be exercised at any time at the warrant holder’s option)?
    Yes, up to the Time of Expiry, except as limited by Article 4.9(b) of the Indenture (setting a Beneficial Ownership Limitation of 4.99%).

The above responses are meant to provide general clarification only. It remains the sole obligation of the warrant holder to ensure that all relevant terms in the Indenture are followed in exercising any Warrants held.

As noted, above, any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021, will expire and become void, and the holder will no longer be able to exercise such voided Warrants.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

SOURCE Energy Fuels Inc.

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

Energy Fuels Issues Reminder Regarding Expiration of Warrants

Posted on by Admin

 

 


Energy Fuels Issues Reminder Regarding Expiration of Warrants

 

LAKEWOOD, Colo., Sept. 2, 2021 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company“) today reminds holders of its outstanding common share purchase warrants (CUSIP: 292671179 / ISIN: CA2926711797) (the “Warrants“) that the Warrants will expire at 5:00 p.m. Toronto time on Monday, September 20, 2021 (“Time of Expiry“). The corresponding Warrant Indenture dated as of September 20, 2016 (the “Indenture“) by and among Energy Fuels, CST Trust Company (the “Canadian Warrant Agent” or “AST“) and American Stock Transfer & Trust Company, LLC (the “U.S. Warrant Agent“) may be viewed on the U.S. Securities and Exchange Commission’s Electronic Document Gathering and Retrieval System (“EDGAR“) at https://www.sec.gov/Archives/edgar/data/1385849/000106299316011518/exhibit4-1.htm, as summarized in a Form 51-102F3 Material Change Report filed September 20, 2016 with the System for Electronic Document Analysis and Retrieval (“SEDAR“), which may be viewed at www.sedar.com.

Any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021 will expire and become void, and the holder will no longer be able to exercise such voided Warrants. As the Warrants are currently “in-the-money,” the Company recommends that Warrant holders take appropriate steps to protect their investment.

All capitalized terms used herein that are not otherwise defined shall have the meanings set forth in the Indenture.

The Warrants trade on the NYSE American (the “NYSE“) under the symbol UUUU-WT and on the Toronto Stock Exchange (the “TSX“) under the symbol EFR.WT. The NYSE notified Energy Fuels that it will suspend trading in the Warrants after the close of trading on September 15, 2021 so that trades can be timely settled by September 20, 2021. The TSX, however, will not suspend trading in the Warrants until market close on September 20, 2021.

As of August 31, 2021, there were 2,107,004 Warrants outstanding. Each whole Warrant represents the right to purchase one (1) common share in the capital stock of Energy Fuels (a “Common Share“) at an exercise price of USD$2.45 per Common Share.

Further information on the Warrants may be requested from, and further questions may be directed to, the Company at investorinfo@energyfuels.com. Answers to commonly asked questions are as follows:  

  • How many Warrants were issued pursuant to the Indenture?
    4,168,750 Warrants as of the date of the Indenture.

  • Where do I send my Warrants in order to exercise them?
    All required documentation must be sent to AST’s Corporate Actions Department per the following instructions:

By Hand, Courier or Registered Mail

By Mail (Except Registered Mail)

1 Toronto Street

P. O. Box 1036

Suite 1200

Adelaide Street Postal Station

Toronto, Ontario

Toronto, Ontario

M5C 2V6

M5C 2K4

Attention: Corporate Actions

Attention: Corporate Actions

 

  • What documentation is required in order to exercise my Warrants?
    1. Original warrant certificate with the Subscription Form on the back filled out completely; and

    2. Payment to the AST Corporate Actions Department. 
               *Certified cheques should be made payable to AST TRUST COMPANY (CANADA).

In addition, if the Warrants are held in the name of a corporate/business entity rather than an individual:

3. A corporate resolution from the entity designating an authorized official to sign on its behalf; and 
         *Must submit an original, dated within the last six (6) months
         *Subscription Form must be signed exactly as authorized in the resolution

4. If the entity has a single director, either a medallion stamp affixed to the Subscription Form or a notary stamp at the bottom of the corporate resolution.

  • May I wire funds to AST to cover the cost of my exercise rather than by way of a certified cheque?
    Yes. Please contact the Company for the relevant wiring instructions.

  • Where may I direct questions about my Warrants or the status of a previously submitted exercise?
    Questions should be directed to AST at 1-800-387-0825 (in North America) or (416) 682-3860 (outside North America) or by sending an e-mail to inquiries@astfinancial.com.

  • How long will it take to receive my Common Shares following an exercise of Warrants?
    As a part of a warrant holder’s exercise process, AST’s Corporate Actions Department sends a requisition to the U.S. Warrant Agent to issue the Common Shares, and simultaneously sends the exercise funds to Energy Fuels as compensation so that the Common Shares are fully paid and non-assessable as of the issuance date. Receipt of such requisition, confirmation of the Company’s receipt of funds, and the resulting Common Share issuance typically takes up to 2-3 weeks in total. However, this timeframe is provided for reference only and in no way represents a commitment or obligation of Energy Fuels, AST or the U.S. Warrant Agent.

  • Can I exercise my Warrants electronically?
    No, there is no way to do so.

  • Can I exercise my Warrants directly through Energy Fuels rather than sending my exercise and payment to AST?
    No, all documentation must go through AST and in accordance with the terms of the Indenture.

  • Is there a process at AST to expedite my exercise?
    No, there is no way to do so. Exercises are processed in the order in which they are received, and a significant number of exercises are currently being processed and are expected to come in prior to the Time of Expiry.

  • Are the Common Shares that result from my exercise of Warrants free-trading?
    Yes.

  • Do the Warrants use an American-style exercise (i.e., can they be exercised at any time at the warrant holder’s option)?
    Yes, up to the Time of Expiry, except as limited by Article 4.9(b) of the Indenture (setting a Beneficial Ownership Limitation of 4.99%).

The above responses are meant to provide general clarification only. It remains the sole obligation of the warrant holder to ensure that all relevant terms in the Indenture are followed in exercising any Warrants held.

As noted, above, any Warrants not exercised prior to 5:00 p.m. Toronto time on September 20, 2021, will expire and become void, and the holder will no longer be able to exercise such voided Warrants.

About Energy Fuels: Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant, and is ramping up to commercial-scale production of RE Carbonate in 2021. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch ISR Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant, as well as RE Carbonate from various uranium-bearing ores. The Nichols Ranch ISR Project is currently on standby and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is also currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.

SOURCE Energy Fuels Inc.

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

Release – Capstone Green Energy Announces the Appointment of Ping Fu Former CEO of Geomagic to the Board of Directors

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Capstone Green Energy Announces the Appointment of Ping Fu, Former CEO of Geomagic, to the Board of Directors

 

Holly Van Deursen Retires from Capstone Board of Directors After Serving 14 Years

VAN NUYS, CA / ACCESSWIRE / September 1, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Ping Fu was elected to its Board of Directors at the Annual Meeting of Stockholders on August 27, 2021. In addition, Ms. Fu will serve on the Capstone Green Energy Audit and Governance and Sustainability Committees. Ms. Fu currently serves on Boards of Directors for Live Nation Entertainment (LYV), The Long Now Foundation, and Burning Man. She also serves as an Advisor to the Prime Minister’s Office of the United Arab Emirates (UAE).

Honored as Inc. magazine’s 2005 Entrepreneur of the Year, Ms. Fu describes herself as an artist and a scientist whose chosen expression is business. In 1997, Ms. Fu co-founded Geomagic, a 3D imaging software company, which was acquired by 3D Systems in February 2013. Geomagic software enables the design and production of one-of-a-kind products and services at a cost less than that of mass production.

Before co-founding Geomagic, Ms. Fu was program manager of visualization at the National Center for Supercomputing Applications, where she was part of the team that initiated and managed the NCSA Mosaic software project that led to Netscape and Internet Explorer. She has more than 20 years of software industry experience in database, networking, geometry processing, and computer graphics.

Since 2010, she has served on the National Advisory Council on Innovation and Entrepreneurship (NACIE) at the U.S. Department of Commerce. She is the author of the business book Bend, Not Break and is the holder of five U.S. and international patents. Ms. Fu has received numerous awards for her leadership as an entrepreneur, including the Outstanding American by Choice award from U.S. Citizenship and Immigration Services (USCIS), the Ernst & Young Entrepreneur of the Year Award for the Carolinas, the Women’s Leadership Exchange Compass Award and the Lifetime Achievement Award by Business Leader magazine.

“I would first like to thank Ms. Holly Van Deursen for her fourteen years of dedication and professional service to the Capstone Board of Directors, several of those years serving in the capacity of Chairperson. Ms. Van Deursen retired from the Capstone Green Energy Board on August 27, 2021. She assisted in the stewarding of the Company through some of its more challenging times, and her keen sense of leadership, successful governance, and oversight will benefit the Company for years to come,” stated Robert C. Flexon, Chair of the Capstone Green Energy Board of Directors.

“We are extremely fortunate to welcome Ping Fu to the Capstone Board of Directors. Her impressive personal and professional accomplishments are nothing short of amazing, and her creativity and proven entrepreneurship skills will continue our drive forward to transform Capstone Green Energy into a global leader in carbon reduction and on-site resilient green energy solutions,” added Mr. Flexon.

“As the Green Energy industry has become more relevant than ever, I am thrilled to join the Board of Directors at Capstone Green Energy to help guide the experienced team at Capstone to new heights,” said Ping Fu. “As more businesses realize the need to look at alternative options for reducing their carbon footprint, lowering their emissions, having reliable sources of on-site power, all while reducing their energy costs, we want Capstone to be their go-to source,” added Ms. Fu.

“I am delighted to welcome Ping to our Board of Directors as we are entering an exciting time for the Company’s growth trajectory, complete with our new rebranding initiatives and an expanded product and service offering. Ping’s robust experience and know-how as a CEO and widely respected entrepreneur will garnish a fresh perspective as we continue to elevate Capstone Green Energy as a global leader in energy as a service and new innovative products,” stated Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Additionally, the Capstone Leadership team and I are eager to collaborate with Ping as we look to expand on our internal Environmental Social and Governance (ESG) initiatives and internal Capstone Cares program. At the same time, her tech background should be beneficial in optimizing our multiple digital B2B outreach platforms,” 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 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 Announces the Appointment of Ping Fu, Former CEO of Geomagic, to the Board of Directors

Posted on by Admin

 


Capstone Green Energy Announces the Appointment of Ping Fu, Former CEO of Geomagic, to the Board of Directors

 

Holly Van Deursen Retires from Capstone Board of Directors After Serving 14 Years

VAN NUYS, CA / ACCESSWIRE / September 1, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Ping Fu was elected to its Board of Directors at the Annual Meeting of Stockholders on August 27, 2021. In addition, Ms. Fu will serve on the Capstone Green Energy Audit and Governance and Sustainability Committees. Ms. Fu currently serves on Boards of Directors for Live Nation Entertainment (LYV), The Long Now Foundation, and Burning Man. She also serves as an Advisor to the Prime Minister’s Office of the United Arab Emirates (UAE).

Honored as Inc. magazine’s 2005 Entrepreneur of the Year, Ms. Fu describes herself as an artist and a scientist whose chosen expression is business. In 1997, Ms. Fu co-founded Geomagic, a 3D imaging software company, which was acquired by 3D Systems in February 2013. Geomagic software enables the design and production of one-of-a-kind products and services at a cost less than that of mass production.

Before co-founding Geomagic, Ms. Fu was program manager of visualization at the National Center for Supercomputing Applications, where she was part of the team that initiated and managed the NCSA Mosaic software project that led to Netscape and Internet Explorer. She has more than 20 years of software industry experience in database, networking, geometry processing, and computer graphics.

Since 2010, she has served on the National Advisory Council on Innovation and Entrepreneurship (NACIE) at the U.S. Department of Commerce. She is the author of the business book Bend, Not Break and is the holder of five U.S. and international patents. Ms. Fu has received numerous awards for her leadership as an entrepreneur, including the Outstanding American by Choice award from U.S. Citizenship and Immigration Services (USCIS), the Ernst & Young Entrepreneur of the Year Award for the Carolinas, the Women’s Leadership Exchange Compass Award and the Lifetime Achievement Award by Business Leader magazine.

“I would first like to thank Ms. Holly Van Deursen for her fourteen years of dedication and professional service to the Capstone Board of Directors, several of those years serving in the capacity of Chairperson. Ms. Van Deursen retired from the Capstone Green Energy Board on August 27, 2021. She assisted in the stewarding of the Company through some of its more challenging times, and her keen sense of leadership, successful governance, and oversight will benefit the Company for years to come,” stated Robert C. Flexon, Chair of the Capstone Green Energy Board of Directors.

“We are extremely fortunate to welcome Ping Fu to the Capstone Board of Directors. Her impressive personal and professional accomplishments are nothing short of amazing, and her creativity and proven entrepreneurship skills will continue our drive forward to transform Capstone Green Energy into a global leader in carbon reduction and on-site resilient green energy solutions,” added Mr. Flexon.

“As the Green Energy industry has become more relevant than ever, I am thrilled to join the Board of Directors at Capstone Green Energy to help guide the experienced team at Capstone to new heights,” said Ping Fu. “As more businesses realize the need to look at alternative options for reducing their carbon footprint, lowering their emissions, having reliable sources of on-site power, all while reducing their energy costs, we want Capstone to be their go-to source,” added Ms. Fu.

“I am delighted to welcome Ping to our Board of Directors as we are entering an exciting time for the Company’s growth trajectory, complete with our new rebranding initiatives and an expanded product and service offering. Ping’s robust experience and know-how as a CEO and widely respected entrepreneur will garnish a fresh perspective as we continue to elevate Capstone Green Energy as a global leader in energy as a service and new innovative products,” stated Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Additionally, the Capstone Leadership team and I are eager to collaborate with Ping as we look to expand on our internal Environmental Social and Governance (ESG) initiatives and internal Capstone Cares program. At the same time, her tech background should be beneficial in optimizing our multiple digital B2B outreach platforms,” 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 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

enCore Energy (ENCUF)(EU:CA) – Noble Capital Markets Uranium Power Players Investor Forum

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enCore Energy Executive Chairman William Sheriff & CEO Paul Goranson deliver a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Energy Analyst Michael Heim.

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enCore Energy Corp. is a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (ISR) uranium producer. The Company is led by a team of industry experts with extensive knowledge and experience in the development and operations of in situ recovery uranium operations. enCore Energy’s opportunities are created from the Company’s transformational acquisition of its two South Texas production facilities, the changing global uranium supply/demand outlook and opportunities for industry consolidation. These short-term opportunities are augmented by our strong long term commitment to working with local indigenous communities in New Mexico where the company holds significant uranium resources.

News & Advanced Market Data on ENCUF

Energy Fuels (UUUU)(EFR:CA) – Noble Capital Markets Uranium Power Players Investor Forum

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Energy Fuels President & CEO Mark Chalmers delivers a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Energy Analyst Michael Heim.

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Energy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution.

Energy Fuels is also a major U.S. producer of vanadium and an emerging player in the commercial rare earth business where its work is helping to reestablish a fully integrated U.S. supply chain.

With a truly unique portfolio, Energy Fuels has more production capacity, licensed mines and processing facilities, and in-ground uranium resources than any other U.S. producer. It boasts diverse cashflow-generating opportunities, including vanadium production, uranium recycling and rare earth processing.

News & Advanced Market Data on UUUU

Peninsula Energy (PENMF)(PEN.AX) – Noble Capital Markets Uranium Power Players Investor Forum

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Peninsula Energy Managing Director & CEO Wayne Heili delivers a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Energy Analyst Michael Heim.

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Peninsula Energy Limited is an ASX listed company that owns the Lance Uranium Projects in Wyoming, USA which are in transition from an alkaline to a low pH in-situ recovery operation, with the aim of achieving the operating performance and cost profile of the industry leading uranium projects.

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Standard Uranium (STTDF)(STND:CA) – Noble Capital Markets Uranium Power Players Investor Forum

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Standard Uranium President & CEO Jon Bey and VP, Exploration Sean Hillacre deliver a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Energy Analyst Michael Heim.

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Standard Uranium is a mineral resource exploration company based in Vancouver, British Columbia. Since its establishment, Standard Uranium has focused on the identification and development of prospective exploration stage uranium projects in the Athabasca Basin in Saskatchewan, Canada. Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, is comprised of 21 mineral claims over 25,886 hectares. The Davidson River Project is highly prospective for basement hosted uranium deposits yet remains relatively untested by drilling despite its location along trend from recent high-grade uranium discoveries. A copy of the 43-101 Technical Report that summarizes the exploration on the Project is available for review under Standard Uranium’s SEDAR profile (www.sedar.com).

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CanAlaska Uranium (CVVUF)(CVV:CA) – Noble Capital Markets Uranium Power Players Investor Forum

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CanAlaska Uranium CEO & EVP Cory Belyk delivers a formal corporate overview, followed by a Q & A session moderated by Noble Capital Markets Senior Energy Analyst Michael Heim.

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CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) holds interests in approximately 214,000 hectares (530,000 acres), in Canada’s Athabasca Basin – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds.

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