News Archives - Page 10 of 40

ThursdayMar 28, 2024 3:32 pm

ESGBreaks – Ideal Power Inc. (NASDAQ: IPWR) Reports on $15M Public Offering

Ideal Power (NASDAQ: IPWR), a company pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN(TM) bidirectional semiconductor power switch, has priced its previously announced underwritten public offering. The offering, which is anticipated to close today, consists of 2,000,000 shares of its common stock (or prefunded warrants in lieu thereof) at $7.50 per share of common stock. The public offering is expected to result in an estimated $15 million in gross proceeds before standard deductions are made. Ideal Power anticipates using the funds for general corporate and working capital purposes. The company also noted that it has…

TuesdayMar 26, 2024 11:14 am

ESGBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Collaborate to Initiate Geophysical Program at Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) is reporting details on the upcoming geophysical surveys and exploration program planned for its Storm Copper Project on Somerset Island, Nunavut; the program will be conducted by American West Metals Limited, operator of the project. The program is designed to deliver a pipeline of priority drill targets for new copper discoveries. According to the announcement, field crew personnel have arrived at the project and final preparations have begun. The field work for 2024 will kick off in the coming weeks, starting with high-powered surface electromagnetic (“EM”) surveys, with reverse circulation (“RC”) drilling…

ThursdayMar 14, 2024 2:24 pm

ESGBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces 508% Increase in 2023 PDP Reserve Valuation

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today announced a 508% increase to its proven developed producing (“PDP”) reserve value of 27MM$, reflecting the success of the company’s 2023 development program. In addition, Prospera’s proven plus probable (“2P”) reserve value increased by over 60MM$ to a total of 133MM$ – largely driven by the undeveloped reserve value increase from 58MM$ to $98MM$. InSite Petroleum Consultants Ltd. independently assessed PEI’s Dec. 31, 2023, year-end reserves in accordance with COGEH standards. Using a combination of vertical and horizontal wells, primarily in core assets located in Southwest and West-Central Saskatchewan (>42,000 acres), the…

WednesdayMar 13, 2024 4:43 pm

ESGBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Option to Epworth Property in Nunavut, Canada

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) recently announced that on Feb. 29, 2024, it entered into a binding letter agreement with Emerald Geological Services (“EGS”) under which it has been granted an option to acquire an undivided 80% beneficial interest in a property owned by EGS in Nunavut, Canada. “We are very excited to option the Epworth Property,” said Thomas Ullrich, CEO of Aston Bay. “This is an impressive 74-kilometre-long trend of high-grade copper, silver and zinc mineralization with accompanying gold, cobalt and lead. This mineralization is in a style typical of the Central African Copper Belt that boasts several…

MondayMar 11, 2024 2:29 pm

ESGBreaks – Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Enters Credit Agreement, Releases Other Key Announcements

Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF), a battery minerals company providing shareholders exposure to the global megatrend of electrification, and its wholly owned subsidiary, ESI Energy Services Inc. (“ESI”) has entered into a C$8 million credit agreement. The agreement is with Fiera Enhanced Private Debt Fund. According to the announcement, ESI has drawn the first advance of C$5 million under the credit agreement with a second advance of up to C$3 million available before May 15, 2024, subject to the satisfaction of specified conditions. The company noted that the net proceeds from the agreement will be used toward the…

MondayMar 11, 2024 9:31 am

ESGBreaks – SEC Adopts Landmark Climate Rule Detailing New Reporting Mandates for Public Companies

The Securities and Exchange Commission (SEC) has adopted a landmark climate rule requiring public companies to disclose their climate risks, adaptation strategies, board oversight of climate strategy, and the impact of climate targets on their business. This rule also mandates large non-exempt companies to report their Scope 1 and Scope 2 emissions, which are related to direct and indirect emissions from purchased energy. The rule aims to provide investors with more transparent and consistent information on corporate climate risks and impacts. Large corporations like Apple (NASDAQ: AAPL), Tesla (NASDAQ: TSLA), and Exxon (NYSE: XOM) are expected to start reporting their…

WednesdayFeb 07, 2024 1:49 pm

ESGBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Announces Plan for Transitioning to Profitability in 2024

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) today issued a corporate update summarizing its restructuring since the first quarter of 2021, where the company has methodically executed the planned development phases and attained drilling results exceeding expectations and substantiating technical and economical applications. Prospera recapped results of its 2023 drilling program and, based on the successful results, the company is positioned to increase production primarily in medium light oil and continue the horizontal transformation to capture the substantial remaining heavy oil reserves. The horizontals enable the company to reduce environmental footprint, operating expense and asset retirement liability while appreciating production.…

FridayJan 12, 2024 11:36 am

ESGBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Announces Participation at National Defense Industry Association Event

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, will be presenting at this month’s Mine to Magnet Workshop presented by the National Defense Industry Association (“NDIA”). Hosted by Lockheed Martin, the two-day event is scheduled for Jan. 16–17, 2024; Ucore’s presentation, which will be part of the “Disruptions and Substitutes” session, is slated for Jan. 17. During the workshop, stakeholders from government and the rare earth supply chain will discuss the challenges and opportunities in this critical supply chain. “We are thrilled to be invited to speak at this prestigious event,” said…

TuesdayJan 09, 2024 11:50 am

ESGBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Executes MOU with Defense Metals

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, announced the execution of a nonbinding Memorandum of Understanding (“MOU”) with Defense Metals Corp. According to the announcement, the MOU defines an enhanced working relationship between the two companies as they collaborate to explore opportunities as they move toward commercialization efforts for a North American rare earth element (“REE”) supply chain. One of the first projects entails Defense Metals shipping a mixed rare earth carbonate sample from its Wicheeda REE deposit to Ucore's RapidSX(TM) Commercialization and Demonstration Facility in Ontario. According to the…

TuesdayJan 09, 2024 10:50 am

ESGBreaks — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Reports on Sale of Ontario-Based ZigZag Property

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2), a mineral exploration company, has sold 100% interest in its ZigZag Lake Lithium property to Metals Corp. The property is located near Crescent Lake, Ontario. The purchase agreement was dated Jan. 8, 2024. According to the announcement, Metals Corp. paid $400,000 to Reflex and issued one million common shares for the property. The announcement noted that, in connection with the closing of the acquisition, Reflex exercised its option in accordance with the mineral property option agreement dated Sept. 1, 2021, following which it conveyed the property title to the purchaser. According…

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