ESGBreaks Archive - Page 14 of 55

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…

FridayMar 08, 2024 1:56 pm

ESGBreaks – Why Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Is ‘One to Watch’

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF) is a Canadian minerals exploration company focused on exploring high-grade copper and gold deposits in North America. “The company owns the Storm Copper Project and the Seal Zinc Deposit in Nunavut, Canada, and is currently exploring the Buckingham Gold Vein and critical metals prospects in central Virginia. Aston Bay is also in the advanced stages of negotiation on other properties with high-grade critical minerals potential in these areas. The company believes in responsible exploration and carries out its work programs to the highest standards of social responsibility, environmental stewardship and health and safety,” a…

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.…

FridayFeb 02, 2024 3:45 pm

ESGBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) on Track to Supply OEMs with Rare Earth Oxides by 2025

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of REEs in Canada and the U.S. The company is positioning for ultimate commercialization its RapidSX(TM) technology for the separation and purification of critical metals, a move that would slash reliance on Chinese rare earth technologies and its byproducts. “Ucore has gained incredible headway over the years, made possible by the funding from the Pentagon. The company is on track to commercially separate friendly sources of REEs and supply OEMs with rare earth oxides (‘REOs’) required to produce rare earth permanent magnets…

FridayJan 26, 2024 12:53 pm

ESGBreaks – Ucore Rare Metals Inc.’s (TSX.V: UCU) (OTCQX: UURAF) Planned Louisiana SMC Fulfills Efforts to Establish Western-Nation REE Supply Chain

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals enterprise, is focused on establishing North American independence in the production of rare earth elements (“REEs”) vital to modern computerized technologies. “Ucore is preparing to establish commercial operations for REE refining and processing using the company’s trademarked RapidSX(TM) solution, which has demonstrated significant economical and environmental improvement over the standard SX separation technology,” reads a recent article. “Ucore’s ‘Strategic Metals Complex’ (‘SMC’) in Louisiana represents the fulfillment of efforts to establish a Western-nation supply chain for REEs that is not dependent on China’s industrial domination in the industry… For months,…

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…

FridayJan 05, 2024 12:00 pm

ESGBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Recaps Successful Year, Eyes Robust 2024 Development Plans

Prospera (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) has announced that 2023 was a highly successful year for the restructured company. Among the highlights, PEI reportedly drilled, completed and tied-in nine horizontal wells in heavy oil reservoir with initial production rates exceeding expectations at 100+bpd per well. The ninth well was rig released on Dec. 24 and was brought online on Dec. 28. Prospera also drilled a directional well accessing medium-light oil flowing at 500+ Bpd. The company attained gross peak rates of 1,800 boepd prior to year-end, excluding the production of the recently drilled and completed horizontals, and the shut-in…

ThursdayJan 04, 2024 12:10 pm

ESGBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Announces Acquisition of Louisiana Facility for Future REE Processing Plant

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a leading developer of rare earth element (“REE”) processing technology, has acquired an 80,800-square-foot brownfield facility in Alexandria, Louisiana. The company plans to use the structure, which is located on a 10-plus acre industrial parcel, for the development of its first commercial rare earth element (“REE”) processing facility. According to the announcement, Ucore has entered into a multidecade lease for the property with the England Economic and Industrial Development District (“EEIDD”). The facility is situated at the England Airpark, which is a former Air Force base dedicated to generating economic development in central Louisiana. Ucore…

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