October 2023 - ESGWireNews

TuesdayOct 24, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update on Drill Program; Announces Low-Dilutive Capital Raise

Prospera Energy recently provided an update on the second phase of the company’s restructuring plan With its initial five horizontal wells and incremental crude production tracking ahead of expectations, Prospera have announced plans to continue their second phase beyond its initially mooted ten well program The company has now announced that it will proceed with a low dilutive capital raise of $3 million, with proceeds destined to fund the exploration company’s ongoing capex Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western…

FridayOct 20, 2023 10:30 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Increases Output as Canadian Oil Production Hits Record High

International Energy Agency (“IEA”) forecasts record oil production in Canada, global demand and prices expected to rise as Russia and Saudi Arabia cut production Prospera Energy operates 42,000+ cumulative acres, estimates approximately 8% of over half a billion available barrels was recovered using traditional vertical well technology The company completed Phase 1 of restructuring plan, production expanded from 80 to 1,200 BOE and NPV increased from $3 million to $72 million Phase 2 focuses on horizontal well transformation, piloting an enhanced oil recovery application, executing liability management objectives, and furthering ESG initiatives The company recently completed four horizontal wells of…

WednesdayOct 18, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Takes Aim at Supply Chain Threats with Strategy to Bolster American Production of Tech-essential REEs

Strategic metals supply chain enterprise Ucore Rare Metals Inc. has developed its own proprietary solution for separating rare earth elements from their host ores in hopes of re-establishing a North American base for the REE supply chain During an era of international trade tensions over computer tech asset sourcing, Ucore aims to reduce Americans’ reliance on China for the REEs critical to modern technology ranging from cell phones and computers to electric vehicle batteries Ucore’s RapidSX(TM) REE processing solution is being demonstrated as advantageous over industry-standard CSX processes in side-by-side testing at Ucore’s facility in Ontario, Canada Ucore is preparing…

WednesdayOct 11, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) to Showcase Trademarked REE Separation Process Details in Canadian Autotech Program, U.S. Defense Department Project

Ucore Rare Metals Inc. is devoted to improving the supply chain for rare earth elements (“REEs”) through commercialization of its trademarked RapidSX(TM) technology REEs are in high demand for modern computer applications that use the metallic products in high-grade batteries, motors, speakers and hard drives China effectively dominates the industries that produce and process REEs, leading U.S. and Canadian governments to prioritize a China-independent supply chain for the critical technology Ucore has been demonstrating the advantages of its RapidSX(TM) technology over standard SX ore separation technology at the company’s Ontario, Canada test facility The company will present information on its…

TuesdayOct 03, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Celebrates Tax-based Advantages in Rare Earth Processing Strategy

Rare earth supply chain innovator Ucore Rare Metals Inc. is working to strategically develop a North American-based supply chain for rare earth elements (“REEs”) that are vital to technologies ranging from smartphone to F-16 fighter jet parts China currently has a near-monopoly on REE refining and production, and international tech trade tensions in recent years have pushed Western nations to seek ways to revive their own REE industries Ucore has developed a proprietary RapidSX(TM) REE separation technology platform for refining rare earths, beginning with a strategic facility in development in Louisiana The company is celebrating announcement this month that it…

MondayOct 02, 2023 11:15 am

Meeting Phase 2 KPIs, Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Emerging as a Model for Sustainable Growth in the Oil & Gas Industry

Prospera in 2021 launched a new strategy to improve margins and oil and gas production while minimizing environmental impact Horizontal well-technology allows for increase in production and Prospera has now abandoned 60 vertical wells as part of its three-year LMRP to reclaim surface land and reduce environmental footprint that will see 200+ vertical wells abandoned Prospera this month completed the drilling of four horizontal wells of a ten-well multi-pad infill drill program that can add an additional ~750 bpd at a low decline to Prospera’s current 900+boepd With more than 42,000 cumulative acres across Cuthbert, Luseland and Heart Hills in…

MondayOct 02, 2023 10:30 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Looks to Secure Property Rights at Zigzag Lithium Project Site; Announces Start of Drill Work at Ruby Graphite Mine

With EV sales skyrocketing around the world, securing lithium and natural graphite supplies has become a priority for battery manufacturers Reflex Advanced Materials has centered its efforts around catering to the lithium and graphite supply chains, with the company announcing that it had fulfilled the penultimate capital payment step needed to secure 100% ownership of its Ontario-based Zigzag lithium project The company also took the opportunity to announce the start of core exploratory drill work within the Montana-based Ruby Graphite project As auto sales staged a significant recovery in the United Kingdom this summer, electric vehicles led the surge. The…

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Month: October 2023