Cleantech Power Corp. ( NEO: PWWR ) ( OTCQB: PWWRF ) ( Frankfurt: E43, WKN: A3EEHV) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable power and cleantech, is pleased to announce that the Company has entered into has entered into a non-binding Letter of Intent (" LOI ") with PowerTap Hydrogen Fueling Corp., a wholly owned subsidiary of PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTND), a leading provider of on-site hydrogen fueling stations, to explore a collaborative energy project development. Both companies aim to leverage their respective expertise in the cleantech industry to advance the adoption of low carbon intensity clean hydrogen and renewable energy solutions. Under the terms of the LOI, both parties will use their best commercial efforts to negotiate a definitive agreement within one hundred eighty (180) days, setting out the terms and conditions of the collaboration (a " Potential Transaction "). The Company does not anticipate issuing any securities in connection with a Potential Transaction unless the FTFCTO (as defined below) has been lifted by the British Columbia Securities Commission (the " BCSC ").
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![Alkaline Fuel Cell Power Corp.](https://investingnews.com/media-library/alkaline-fuel-cell-power-corp.png?id=29832118&width=1200&height=732)
Alkaline Fuel Cell Power Provides Update on Status of MCTO
Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Company”), is providing this update on the status of a management cease trade order granted on April 3, 2023 (the "MCTO") by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order ("NP 12-203"). On April 3, 2023, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2022 (the "Annual Filings") beyond the period prescribed under applicable Canadian securities laws (the "Default Announcement").
The Company reports that the audit is progressing and will provide a further update on the timing of its Annual Filings on or about May 15, 2023. The Company is also progressing on completion of its interim financial statements and accompanying management’s discussion and analysis for the first quarter ended March 30, 2023, and will provide a further update on or about May 15, 2023. Further updates on timing will be provided by the Company as necessary.
During the MCTO, the general investing public will continue to be able to trade in the Company's listed common shares. However, the Company's Chief Executive Office and Chief Financial Officer will not be able to trade in the Company's common shares.
Other than as disclosed in this news release, there are no material changes to the information contained in the Default Announcement. The Company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement.
On behalf of the Board of Directors of the Company,
Alkaline Fuel Cell Power Corp.
“Frank Carnevale”
Frank Carnevale, CEO
+1 (647) 531-8264
fcarnevale@fuelcellpower.com
ABOUT ALKALINE FUEL CELL POWER CORP. (NEO: PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People’ today, combining a stable revenue stream with a future-forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People’ in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com, and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for trading on the NEO under the symbol “PWWR”, the OTC Venture Exchange “OTCQB” under the symbol “ALKFF” and on the Frankfurt Exchange under symbol “77R” and “WKN A3CTYF”.
Forward-LookingInformation
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “achieve”. Forward-looking statements in this news release may include, but are not limited to, the MCTO and statements with respect to the Company’s technology, intellectual property, business plan, objectives and strategy.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward- looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cleantech Power Corp. Enters Into Letter of Intent for Collaborative Energy Project Development
Under the LOI, PWWR and PowerTap intend to assess project opportunities on a case-by-case basis, with the possibility of entering into a collaboration through the formation of a special purpose entity, or pursuing other non-exclusive arrangements outlined in a definitive agreement. The collaboration seeks to enhance both companies' value propositions with customers by combining PowerTap's hydrogen fueling technology with PWWR's fuel cells and power development projects.
"The collaboration between Cleantech Power Corp. and PowerTap Hydrogen Fueling Corp. represents a significant step towards accelerating the development of clean hydrogen infrastructure in North America," said Frank Carnevale, CEO of Cleantech Power Corp. "By delivering hydrogen to customers' sites, we bridge the divide that enables hydrogen to be used on our Combined Heat and Power ("CHP") systems and other proprietary technology."
Salim Rahemtulla, CEO of PowerTap Hydrogen Fueling Corp., stated, "We are excited about the opportunity to integrate Cleantech Power Corp.'s assets into our product stack. This collaboration will enable us to deliver affordable renewable energy in the form of hydrogen and power at our various projects, furthering our commitment to sustainable energy solutions."
Corporate Update
As announced on June 2, 2023 , the Company is currently subject to a Failure to File Cease Trade Order (the " FTFCTO "). The FTFCTO will remain in effect until the receipt by the BCSC of all filings the Company is required to make under British Columbia securities law, including the annual financial statements for the year ended December 31, 2022 and the related management discussion and analysis, as well as the requisite CFO and CEO certifications (the " Required Documents "). The Company is working with its auditors to complete the Required Documentation.
Further, as announced on April 4, 2023 , PWWR is currently working towards securing certain of Fuel Cell assets (the " Fuel Cell Assets ") which are currently under administration by a Belgian bankruptcy trustee.
2023 Priorities
On March 6, 2023, the Company announced 2023 Priorities, and the ability to deliver hydrogen more immediately to potential customers in North America, greatly enhances PWWR's ability to market long term renewable CHP projects for customers.
PWWR will utilize this opportunity to further enhance funding opportunities with low to no carbon power solutions as well as approaching existing sales prospects with the need for long-term baseload affordable renewable and reliable power.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. ("PowerTap"), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap's patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
www.PowerTapcapital.com
www.PowerTapfuels.com
CLEANTECH POWER CORP. (NEO: PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable power assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future-forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at www.cleantechpower.ca and the Company encourages investors and other interested stakeholders to follow it on: Twitter , Facebook , LinkedIn , Instagram , TikTok and YouTube . Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " PWWRF " and on the Frankfurt Exchange under symbol " E43 " and " WKN A3EEHV ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531- 8264
fcarnevale@cleantechpower.ca
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the LOI, the Potential Transaction, the FTFCTO and the Fuel Cell Assets and expectations relating therewith and statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy .
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
News Provided by GlobeNewswire via QuoteMedia
PowerTap Hydrogen Fueling Corp. and Cleantech Power Corp. Enter Into Letter of Intent for Collaborative Energy Project Development
PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTND) ("PowerTap" or the "Company" or "MOVE") PowerTap Hydrogen Fueling Corp., a wholly owned subsidiary of the Company, a leading provider of on-site hydrogen fueling stations, has entered into a non-binding Letter of Intent (" LOI ") with Cleantech Power Corp. (NEO: PWWR) (" PWWR ") to explore a collaborative energy project development. Both companies aim to leverage their respective expertise in the cleantech industry to advance the adoption of low carbon intensity clean hydrogen and renewable energy solutions. Under the terms of the LOI, both parties will use best commercial efforts to negotiate a definitive agreement within one hundred eighty (180) days, setting out the terms and conditions of the collaboration.
Under the LOI, PWWR and PowerTap intend to assess project opportunities on a case-by-case basis, with the possibility of entering into a collaboration through the formation of a special purpose entity, or pursuing other non-exclusive arrangements outlined in a definitive agreement. The collaboration seeks to enhance both companies' value propositions with customers by combining PowerTap's hydrogen fueling technology with PWWR's fuel cells and power development projects.
"The collaboration between Cleantech Power Corp. and PowerTap Hydrogen Fueling Corp. represents a significant step towards accelerating the development of clean hydrogen infrastructure in North America," said Frank Carnevale, CEO of Cleantech Power Corp. "By delivering hydrogen to customers' sites, we bridge the divide that enables hydrogen to be used on our Combined Heat and Power ("CHP") systems and out other proprietary technology."
Salim Rahemtulla, CEO of PowerTap Hydrogen Fueling Corp., stated, "We are excited about the opportunity to integrate Cleantech Power Corp.'s assets into our product stack. This collaboration will enable us to deliver affordable renewable energy in the form of hydrogen and power at our various projects, furthering our commitment to sustainable energy solutions."
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. ("PowerTap"), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap's patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
www.PowerTapcapital.com
www.PowerTapfuels.com
PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company's profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth
PowerTap Contact:
Raghu Kilambi raghu@hydrogenfueling.co
+1 (949) 284-7060
NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Notice Regarding Forward Looking Information:
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of PowerTap. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the qualification for carbon credits (including the availability of credits, benefits, emission reductions, offsets and allowances, howsoever entitled, attributable to the production, combustion or other use of biogas), the availability of sufficient RNG feedstock the Company's ability to build out its planned hydrogen fueling station network, and the Company's ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved.
Although PowerTap believes that the expectations and assumptions on which the forward-looking information are based are reasonable, undue reliance should not be placed on the forward-looking information because PowerTap can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.
This press release contains forward-looking statements pertaining to, among other things, a potential collaboration with Cleantech Power Corp. Forward- looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.
Although the Company believes that the material factors, expectations, and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
News Provided by GlobeNewswire via QuoteMedia
Cleantech Power Corp. Enters Into Non-Binding Letter of Intent to Acquire Combined Heat and Power Assets
Cleantech Power Corp. ( NEO: PWWR ) ( OTCQB: PWWRF ) ( Frankfurt: E43, WKN: A3EEHV) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable power and cleantech, is pleased to announce that the Company has entered into a non-binding letter of intent (the " Letter of Intent ") with an arm's length third party to acquire, directly and indirectly, certain operating combined heat and power and other assets (the " CHP Assets ") located in North America (the " Potential Transaction ").
Pursuant to the Letter of Intent, the Company may acquire the CHP Assets by making two payments. The first payment relates to CHP Assets which are past commercial operation and will consist of a payment of approx. $7.5 million (the " COD Payment "). The COD Payment will be made on close of the Potential Transaction. The second payment relates to CHP Assets which are currently not past their commercial operation date and will consist of a payment of approx. $5 million (the " Non-COD Payment " and, collectively with the COD Payment, the " Aggregate Payment Amount "). The Non-COD Payment will be made in the sole-discretion of the Company. The Company believes that if consummated, the transactions contemplated in the Letter of Intent have the potential to provide the Company with approximately $1.5 million annual cash flow. Certain of the projects associated with the CHP Assets are subject to contract terms between 15 to 20 years.
"Cleantech Power is focused on delivering our vision of combining stable energy streams with advanced hydrogen technology to bring value to Investors," stated Frank Carnevale, Chief Executive Officer of Cleantech Power Corp. "In addition to the Potential Transaction contributing towards the Company becoming EBITDA-positive, the new project pipeline associated with the CHP Assets would bring our current total on non-contracted sales leads to over $150 million in CHP projects to develop in the coming years."
Revenue Growth & Synergies
The acquisition of CHP Assets is consistent with the Company's previous acquisition dated April 22, 2023 , and supports the Company's focus on the development of affordable, renewable and reliable power assets.
The Potential Transaction is synergistic and has the potential to support the Company in the following ways:
- Deliver EBITDA to the Company;
- Provides approx. $100 million in potential future project opportunities;
- Cost of natural gas inputs and carbon taxes are covered by off-taker customers, limiting spark spread risk to the Company;
- Project economics are not anticipated to be subject to government subsidies or carbon credits to be viable;
- Adds project development and CHP experience to the Company;
- Off-takers of CHP Asset contracts may provide future opportunities to increase integration of fuel cells; and
- The CHP Assets may enable the use of other cleantech during the life-span of the contracts with customers.
The projects associated with the CHP Assets are synergistic with the Company's experience in operations of other CHP assets currently in the Company's portfolio. PWWR believes operations and generation production may be further optimized over time, providing the potential for increased returns to the Company and its shareholders. If consummated, the Potential Transaction is expected to assist the Company in funding current operations, including the development of its Fuel Cell Assets (as defined below) and other clean technology.
As announced on April 4, 2023 , PWWR is currently working towards securing its Fuel Cell assets (the " Fuel Cell Assets ") held at Fuel Cell Power NV (" FCP NV ") in Belgium.
Financing
The Potential Transaction is non-binding in nature and is subject to the Company arranging suitable financing. There is no guarantee that financing will be arranged, however, the Company is exploring financing options, and may finance the Aggregate Payment Amount and the purchase of the CHP Assets through a combination of third-party secured debt, drawing down the approximately $5 million in convertible debt note financing announced on November 18, 2022 and March 14, 2023 that the company currently has access, or other financing alternatives.
The Company is currently performing financial, legal and operational diligence on the CHP Assets and will provide further update to the market if the Potential Transaction materializes.
2023 Priorities
On March 6, 2023, the Company announced 2023 Priorities, and the acquisition of the CHP Assets will contribute towards achieving EBITDA positive for the Company over the coming 5 to 7 quarters.
The Company will use this opportunity to assess and confirm financing opportunities to enable the development of sales opportunities it acquired from AI Renewables, sales pipeline within acquisition and additional project opportunities.
CLEANTECH POWER CORP. (NEO: PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable power assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at www.cleantechpower.ca and the Company encourages investors and other interested stakeholders to follow it on: Twitter , Facebook , LinkedIn , Instagram , TikTok and YouTube . Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " PWWRF " and on the Frankfurt Exchange under symbol " E43 " and " WKN A3EEHV ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531- 8264
fcarnevale@cleantechpower.ca
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the Letter of Intent, the CHP Assets, the method of financing the Aggregate Payment Amount, the COD Payment, the Non-COD Payment, the Potential Transaction and expectations relating therewith and statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy .
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward- looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
News Provided by GlobeNewswire via QuoteMedia
Cleantech Power Corp. Provides Updates on Frankfurt Stock Exchange Symbol and GENIUS Energy Hub Letter of Intent
Cleantech Power Corp. (NEO: PWWR) (OTCQB:PWWRF) (Frankfurt: E43, WKN: A3EEHV), previously named Alkaline Fuel Cell Power Corp., (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable power and cleantech, is pleased to announce that the Company now trades on the Frankfurt Stock Exchange in Germany under the symbol " E43 " and the securities identification number (in German: "Wertpapierkennnummer" or WKN) " A3EEHV ". Additionally, PWWR is pleased to announced that it has progressed with its previously announced Letter of Intent by acquiring the Genius AI electric breaker panel (" GENIUS Energy Hub ").
"Our pathway to fuel cell commercialization success includes the integration of supporting cleantech", stated Frank Carnevale, CEO of PWWR. "I look forward to assessing the additional potential of integrating the GENIUS Energy Hub into our future fuel cell products."
" GENIUS has proven to be a game-changer in the energy industry," said Vic Burconak, CEO. " By integrating with Fuel Cell technology, we are providing a more efficient and effective way to generate power, while also enhancing the safety and reliability of the system. Our customers can expect to enjoy the benefits of a clean and reliable power source, with the added convenience and peace of mind provided by GENIUS. "
PWWR has procured the GENIUS Energy Hub for use in the Festival Hydro fuel cell pilot announced on April 20, 2023. PWWR has purchased the GENIUS Energy Hub for approx. $5,000, to ensure immediate access to a unit in a dwindling inventory. GENIUS Energy Hub is expected to integrate with the PWWR Jupiter 1.0 fuel cell prototype to monitor and control the Jupiter 1.0's power output with greater precision, allowing for maximum efficiency, and reducing the risk of overloading the system. GENIUS Energy Hub may be used in other pilot site or PWWR business if opportunity presents itself priory to the Festival Hydro pilot.
ABOUT GENIUS ENERGY HUB
GENIUS Energy Hub is a hybrid solid state technology equipped with advanced sensors and software that will provide real-time data on the Jupiter 1.0's performance and power output. This information can be accessed remotely via a user-friendly interface, allowing for easy monitoring and adjustment of the fuel cell's operation.
GENIUS Energy Hub is designed to be compatible with a wide range of Fuel Cell systems, making it a versatile solution for a variety of applications, including residential and commercial buildings, industrial facilities, and mobile power generation.
2023 Priorities
As per the March 6, 2023 announcement of list of 2023 priorities , PWWR is intending to use the Festival Hydro Pilot towards demonstrating the enhanced value to customers and potential partners and distributors, thus aimed to deliver nearer term fuel cell sales quicker than previously anticipated.
The integration with the GENIUS Energy Hub enables more control of multiple power inputs, thus enabling a more rapid path towards customer adoption opportunities when fuel cells are made available for sale.
PWWR has access to approximately $5 million in debt financing (the " Financing "), and intends to support costs in strategic fuel cell pilots.
Additional fuel cell pilots are being discussed with other parties.
As announced on April 4, 2023 , PWWR is currently working towards securing its Fuel Cell assets (the " Fuel Cell Assets ") held at Fuel Cell Power NV (" FCP NV ") in Belgium, and utilize such assets in connection with various pilot projects in 2023 and 2024 (the " Pilot Projects ").
ABOUT CLEANTECH POWER CORP. (NEO: PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable power and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at www.cleantechpower.ca and the Company encourages investors and other interested stakeholders to follow it on: Twitter , Facebook , LinkedIn , Instagram , TikTok and YouTube . Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " PWWRF " and on the Frankfurt Exchange under symbol " E43 " and " WKN A3EEHV ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531- 8264
fcarnevale@cleantechpower.ca
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the GENIUS Energy Hub and expected benefits, uses and integrations with assets of the Company, statements relating to Festival Hydro, statements relating to the Financing, Statements related to the Fuel Cell Assets and potential Pilot Projects, and statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy .
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward- looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b38e4b5b-1118-41ed-9339-9f6b0ce21bd3
News Provided by GlobeNewswire via QuoteMedia
Cleantech Power Corp. Announces Warrant Amendments
Cleantech Power Corp. ( NEO: PWWR ) ( OTCQB: PWWRF ) ( Frankfurt: 77R, WKN: A3CTYF ) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable power assets and cleantech, is pleased to announce that the Company has applied to the NEO Exchange (the " Exchange "), to amend the terms of 44,163,554 common share purchase warrants (the " Warrants ") issued pursuant to the non-brokered private placements of units which closed on April 1, 2021, April 7, 2021 and May 7, 2021 (" Warrant Amendments ").
The Warrants are currently due to expire on May 7, 2023 and the Company has applied to the Exchange to extend the expiry date of the Warrants to August 7, 2023. The exercise price of the Warrants will remain at $0.20. The Company does not view the Warrant Amendments as material and therefore, disinterested shareholder approval is not required pursuant to the policies of the Exchange, and the Exchange has accepted the extension. The Warrant Amendments were passed unanimously by the board of directors of the Company.
Of the 44,163,554 Warrants subject to the Warrant Amendments, there are three (3) registered holders of the Warrants who are deemed Insiders (as such term is defined in the Exchange policies) of the Company (the " Impacted Insiders "). The Impacted Insiders hold an aggregate of approximately 681,515 Warrants representing 1.54% of the Warrants subject to the Warrant Amendments.
Any subsequent amendments to the Warrants, if sought by the Company, will require disinterested shareholder approval (as required by the Exchange policies), including any amendments to the Warrants that the Company would otherwise deem non-material.
The Company confirms that there is no undisclosed material information relating to the Company that has not been disclosed at this time.
CLEANTECH POWER CORP. (NEO: PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable power assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at www.cleantechpower.ca and the Company encourages investors and other interested stakeholders to follow it on: Twitter , Facebook , LinkedIn , Instagram , TikTok and YouTube . Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " PWWRF " and on the Frankfurt Exchange under symbol " 77R " and " WKN A3CTYF ".
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531- 8264
fcarnevale@cleantechpower.ca
Forward-Looking Information
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the Warrant Amendments, the Impacted Insiders and statements with respect to the Company's technology, intellectual property, business plan, objectives and strategy .
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward- looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
News Provided by GlobeNewswire via QuoteMedia
CoTec Holdings: Innovating the Future of Resource Extraction
CoTec Holdings (TSXV:CTH,OTCQB:CTHCF) (CoTec) leverages disruptive technologies to undervalued critical mineral assets and waste materials into high-value commodities essential for a low-carbon future. The company offers a unique investment opportunity, characterized by low cost, lower capex, faster cash flow generation, and superior returns through innovation and strategic execution.
CoTec targets sectors crucial to today’s evolving economies like rare earth magnet recycling, green steel production and copper waste processing by advancing four cutting-edge technologies and three strategic assets.
CoTec's medium-term goal of acquiring 10 technologies and 20 to 30 assets. The company’s business model is supported by partnerships, joint ventures (JVs), and a disciplined capital management strategy to unlock value across its portfolio.
CoTec is guided by a highly experienced management team and board of directors with deep expertise in mining, technology and corporate finance.
Company Highlights
- CoTec deploys cutting-edge, low-carbon technologies to marginal assets, reclamation opportunities and recycling initiatives, transforming waste materials into strategic, high-value commodities.
- The company holds stakes in four groundbreaking technologies — HyProMag, Binding Solutions, MagIron and Ceibo. These technologies are designed to unlock significant value across strategically chosen assets. The Lac Jeannine iron project in Quebec, with an after tax NPV of US$59.9 million, stands on its own merits but could see further economic and environmental enhancements through the application of CoTec’s technologies. Similarly, HyProMag USA is pioneering the rollout of HyProMag’s rare earth recycling technology in the United States, delivering low-cost, magnet-to-magnet low-carbon resource recovery.
- CoTec accelerates the transition from discovery to production through proprietary technologies and strategic joint ventures, enabling significantly faster revenue generation compared to traditional mining operations.
- Backed by a management team with extensive expertise in mining, finance and technology, CoTec is uniquely positioned to drive innovation and growth in the critical minerals sector.
- Approximately 74 percent of the company is owned by management and insiders, demonstrating the leadership’s strong commitment to the company’s success.
This CoTec Holdings profile is part of a paid investor education campaign.*
Click here to connect with CoTec Holdings (TSXV:CTH,OTCQB:CTHCF) to receive an Investor Presentation
Troy Minerals Reports Analytical Results from Table Mountain Silica Project, Identifying Broad High-Purity Zones
Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce that it has received results from a sampling and mapping program on its 100% owned Table Mountain Silica Project, located near Golden, British Columbia, Canada.
Key Highlights
- Three distinct zones of high-purity silica mineralization identified within the Mount Wilson Quartzite Formation.
- 98.86% SiO₂ over a total of 62.11 metres of channel sampling in five channels at the main Table Mountain Zone.
- Outcrop sampling returned 98.18% to 99.74% SiO2 from 45 samples at Table Mountain Zone, 97.83% to 99.49% SiO₂ from 13 samples at South Zone, and 95.82% to 99.82% SiO₂ from 29 samples at Southeast Zone. *
- Very low deleterious elements identified in all samples.
President of Troy Minerals Inc., Yannis Tsitos commented: "These comprehensive maiden assay results validate the potential of Table Mountain as a key high-purity silica asset. Sampling confirmed the exceptional quality and consistency of silica mineralization across the Project. With grades reaching 98 to 99% SiO₂ across multiple zones of extensive outcrop exposure, and sampling ranging from 98.18% to 99.74% SiO₂ at the main Table Mountain Zone, we are rapidly advancing our understanding of this strategic asset. The Project's infrastructure advantages and proximity to existing silica operations further enhance its potential as we work to establish Troy as a significant player in the North American high-purity silica market, positioning the Company for long-term growth."
The sampling program consisted of both systematic grab samples and channel samples, with a total of 110 grab samples (107 outcrop and 3 float) taken within the property area and 70 channel samples collected from 62.11 metres within 74.16 metres of channels.
Figure 1. Index Map
![](https://app.accessnewswire.com/imagelibrary/7f67e142-704e-41f0-a1ee-c73b1e91f887/980583/image.jpeg)
Outcrop Sampling Results
Three main areas returned significant high-purity silica results: the Table Mountain Zone, located at the north end of the Property, the South Zone, and the Southeast Zone.
The most extensively sampled zone was the Table Mountain Zone, which returned an average grade of 98.90% SiO₂ from 45 grab samples (42 outcrop, 3 float), with values ranging from 98.18% to 99.74% SiO₂. Additionally, from these samples the following average values were returned: 0.31% Fe₂O₃, 0.01% CaO, 0.14% Al₂O₃, 0.02% MgO, 0.01% TiO₂, 0.01% P₂O₅, and 14ppm boron. See Figure 2 and Table 1. *
Figure 2. Table Mountain Zone Outcrop Sampling - %SiO2
![](https://app.accessnewswire.com/imagelibrary/e035e42a-f3fd-47bf-bf40-593c63e4120e/980583/image.jpeg)
Table 1. Table Mountain Zone Outcrop Samples
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
299516 | 509114 | 5685249 | 99.41 | 0.11 | 0.02 | 0.39 | 0.01 | <0.01 | <0.01 | 6 |
299517 | 509193 | 5685166 | 98.84 | 0.14 | 0.01 | 0.23 | 0.02 | <0.01 | <0.01 | 8 |
299518 | 509314 | 5685171 | 99.20 | 0.10 | 0.01 | 0.25 | 0.02 | <0.01 | 0.01 | 10 |
299519 | 509350 | 5685151 | 98.26 | 0.12 | 0.01 | 0.35 | 0.01 | <0.01 | 0.01 | 15 |
299520 | 509369 | 5685129 | 99.20 | 0.13 | 0.01 | 0.21 | <0.01 | <0.01 | 0.03 | 16 |
299521 | 509395 | 5685107 | 99.17 | 0.15 | 0.01 | 0.27 | 0.02 | <0.01 | 0.01 | 8 |
299522 | 509418 | 5685094 | 98.78 | 0.23 | 0.02 | 0.26 | 0.01 | <0.01 | 0.01 | 12 |
299523 | 509442 | 5685075 | 98.59 | 0.14 | 0.02 | 0.26 | <0.01 | 0.01 | 0.01 | 12 |
299524 | 509450 | 5685043 | 99.74 | 0.07 | 0.01 | 0.30 | 0.01 | 0.01 | 0.01 | 6 |
299525 | 509471 | 5685019 | 98.58 | 0.04 | 0.01 | 0.36 | 0.01 | 0.01 | 0.01 | 7 |
299526 | 509482 | 5684990 | 99.25 | 0.14 | 0.02 | 0.27 | 0.04 | 0.01 | 0.01 | 7 |
299527 | 509500 | 5684961 | 99.66 | 0.16 | 0.02 | 0.31 | 0.02 | 0.01 | 0.01 | 7 |
299528 | 509515 | 5684938 | 99.21 | 0.14 | 0.01 | 0.32 | 0.02 | 0.01 | 0.01 | 7 |
299529 | 509538 | 5684911 | 99.13 | 0.11 | 0.01 | 0.27 | 0.03 | 0.01 | 0.01 | 21 |
299530 | 509561 | 5684862 | 98.18 | 0.25 | 0.01 | 0.31 | 0.03 | 0.01 | 0.01 | 7 |
299531 | 509598 | 5684823 | 98.93 | 0.27 | 0.02 | 0.36 | 0.03 | 0.01 | 0.01 | 7 |
299532 | 509583 | 5684759 | 98.99 | 0.09 | 0.01 | 0.30 | <0.01 | 0.01 | 0.01 | 7 |
299533 | 509619 | 5684743 | 98.72 | 0.16 | 0.01 | 0.35 | 0.02 | 0.01 | 0.01 | 14 |
299534 | 509641 | 5684726 | 98.18 | 0.30 | 0.01 | 0.33 | 0.04 | 0.01 | 0.02 | 15 |
299535 | 509712 | 5684697 | 99.41 | 0.13 | 0.01 | 0.30 | 0.02 | 0.01 | 0.01 | 7 |
299536 | 509736 | 5684685 | 99.27 | 0.11 | 0.01 | 0.33 | 0.02 | 0.01 | 0.01 | 7 |
299537 | 509764 | 5684670 | 98.58 | 0.13 | 0.02 | 0.36 | 0.03 | 0.01 | 0.02 | 8 |
299548 | 509306 | 5685510 | 99.32 | 0.14 | 0.01 | 0.29 | 0.01 | 0.01 | 0.01 | 18 |
299560 | 509476 | 5685127 | 98.99 | 0.13 | 0.01 | 0.32 | 0.03 | 0.01 | 0.02 | 27 |
299561 | 509472 | 5685107 | 99.01 | 0.05 | 0.01 | 0.32 | 0.01 | 0.01 | <0.01 | 18 |
299562 | 509457 | 5685115 | 98.74 | 0.15 | 0.01 | 0.26 | 0.01 | 0.01 | 0.02 | 28 |
299563 | 509439 | 5685112 | 98.35 | 0.20 | 0.02 | 0.34 | 0.02 | 0.01 | 0.01 | 27 |
299564 | 509459 | 5685092 | 99.20 | 0.09 | 0.01 | 0.32 | <0.01 | 0.01 | 0.01 | 21 |
299565 | 509487 | 5685107 | 99.49 | 0.09 | 0.01 | 0.28 | 0.03 | 0.01 | 0.02 | 28 |
299566 | 509490 | 5685083 | 98.48 | 0.25 | 0.02 | 0.35 | 0.01 | 0.01 | 0.01 | 26 |
299567 | 509503 | 5685071 | 99.03 | 0.11 | 0.02 | 0.34 | 0.02 | 0.01 | <0.01 | 21 |
299568 | 509477 | 5685067 | 99.16 | 0.10 | 0.01 | 0.30 | <0.01 | 0.01 | <0.01 | 18 |
299569 | 509478 | 5685044 | 98.68 | 0.10 | 0.01 | 0.32 | 0.03 | 0.01 | <0.01 | 20 |
299570 | 509506 | 5685041 | 98.46 | 0.43 | 0.02 | 0.32 | 0.06 | 0.01 | 0.01 | 29 |
299571 | 509523 | 5685054 | 98.81 | 0.13 | 0.01 | 0.31 | 0.03 | 0.01 | 0.01 | 22 |
299572 | 509382 | 5685160 | 98.42 | 0.09 | 0.01 | 0.29 | 0.01 | 0.01 | 0.01 | 23 |
299573 | 509397 | 5685160 | 98.92 | 0.11 | 0.01 | 0.36 | <0.01 | 0.01 | <0.01 | 18 |
299574 | 509406 | 5685142 | 99.12 | 0.09 | 0.01 | 0.30 | 0.02 | 0.01 | <0.01 | 17 |
299575 | 509409 | 5685120 | 98.56 | 0.14 | 0.01 | 0.37 | <0.01 | 0.01 | <0.01 | 21 |
299581 | 509357 | 5685172 | 98.84 | 0.08 | 0.02 | 0.32 | <0.01 | 0.01 | 0.01 | 18 |
299582 | 509429 | 5685142 | 98.87 | 0.15 | 0.01 | 0.29 | <0.01 | 0.01 | 0.02 | 8 |
299583 | 509446 | 5685146 | 98.25 | 0.33 | 0.02 | 0.33 | 0.03 | 0.01 | 0.03 | 17 |
299584 | 509455 | 5685145 | 99.49 | 0.11 | 0.02 | 0.27 | <0.01 | 0.01 | 0.01 | 5 |
299585 | 509473 | 5685142 | 98.66 | 0.08 | 0.01 | 0.36 | <0.01 | 0.01 | <0.01 | 6 |
299586 | 509493 | 5685133 | 98.52 | 0.05 | 0.01 | 0.29 | <0.01 | 0.01 | <0.01 | <5 |
Note: 299548, 299584, and 299585 are float samples taken near outcrop.
The South Zone, comprising 13 high-grade quartzite outcrop grab samples averaged 98.80% SiO₂ with values ranging from 97.83% to 99.49% SiO₂. These samples averaged 0.28% Fe₂O₃, 0.13% CaO, 0.13% Al₂O₃, 0.02% MgO, <0.01% TiO₂, 0.02% P₂O₅, and 6ppm boron. See Figure 3 and Table 2. *
Figure 3. South Zone Outcrop Sampling - %SiO2
![](https://app.accessnewswire.com/imagelibrary/8da21a15-2418-4a59-a868-e298bb8b76a2/980583/image.jpeg)
Table 2. South Zone Outcrop Samples
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
248351 | 511603 | 5682006 | 98.60 | 0.28 | 0.08 | 0.25 | 0.04 | 0.01 | 0.01 | 15 |
248352 | 511563 | 5681948 | 99.45 | 0.15 | 0.02 | 0.22 | 0.02 | 0.01 | <0.01 | 6 |
248353 | 511552 | 5681948 | 99.01 | 0.19 | 0.03 | 0.29 | 0.04 | 0.01 | 0.01 | 9 |
248354 | 511551 | 5681951 | 99.09 | 0.11 | 0.02 | 0.22 | 0.03 | 0.01 | 0.01 | 6 |
248355 | 511530 | 5681940 | 98.74 | 0.09 | 0.02 | 0.23 | <0.01 | 0.01 | <0.01 | 6 |
248356 | 511522 | 5681942 | 98.82 | 0.08 | 0.01 | 0.31 | <0.01 | 0.01 | <0.01 | <5 |
248357 | 511512 | 5681951 | 98.31 | 0.09 | 0.01 | 0.24 | 0.01 | 0.01 | 0.01 | 5 |
248358 | 511485 | 5681948 | 98.14 | 0.13 | 0.28 | 0.32 | 0.03 | 0.01 | 0.01 | 8 |
248359 | 511461 | 5681935 | 99.49 | 0.11 | 0.02 | 0.30 | 0.02 | 0.01 | <0.01 | 10 |
248360 | 511436 | 5681932 | 99.06 | 0.03 | 0.05 | 0.25 | 0.01 | 0.02 | <0.01 | 5 |
248361 | 511444 | 5681918 | 99.42 | 0.07 | 0.01 | 0.29 | 0.02 | 0.01 | <0.01 | 6 |
248362 | 511440 | 5681942 | 97.83 | 0.32 | 0.73 | 0.36 | 0.03 | 0.03 | 0.01 | 8 |
248364 | 511374 | 5682002 | 98.43 | 0.09 | 0.43 | 0.36 | <0.01 | 0.16 | <0.01 | <5 |
The Southeast Zone, comprising 29 high-grade quartzite outcrop grab samples, returned an average of 98.52% SiO₂ with values ranging from 95.82% to 99.82% SiO₂. Average values for other constituents were: 0.35% Fe₂O₃, 0.07% CaO, 0.30% Al₂O₃, 0.06% MgO, 0.02% TiO₂, <0.01% P₂O₅, and 26ppm boron. See Figure 4 and Table 3.*
Figure 4. Southeast Zone Outcrop Sampling - %SiO2
![](https://app.accessnewswire.com/imagelibrary/54929013-7889-4660-8b74-03976b679bc6/980583/image.jpeg)
Table 3. Southeast Zone Outcrop Samples - %SiO2
Sample # | Easting (m) | Northing (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
248384 | 513642 | 5680350 | 98.22 | 0.37 | 0.21 | 0.41 | 0.14 | 0.02 | 0.03 | 27 |
248385 | 513671 | 5680320 | 95.82 | 0.57 | 0.69 | 0.51 | 0.52 | 0.02 | 0.03 | 30 |
248386 | 513685 | 5680313 | 97.77 | 0.48 | 0.05 | 0.37 | 0.05 | 0.01 | 0.03 | 30 |
248387 | 513708 | 5680285 | 98.90 | 0.36 | 0.02 | 0.35 | 0.04 | <0.01 | 0.03 | 30 |
248388 | 513735 | 5680261 | 98.11 | 0.32 | 0.03 | 0.31 | 0.04 | <0.01 | 0.03 | 35 |
248389 | 513748 | 5680244 | 98.05 | 0.49 | 0.03 | 0.30 | 0.03 | <0.01 | 0.01 | 28 |
248390 | 513654 | 5680223 | 98.91 | 0.13 | 0.01 | 0.27 | 0.04 | <0.01 | 0.01 | 29 |
248391 | 513627 | 5680208 | 98.74 | 0.09 | 0.02 | 0.30 | 0.02 | <0.01 | 0.02 | 27 |
248392 | 513600 | 5680217 | 99.52 | 0.06 | 0.02 | 0.32 | 0.03 | <0.01 | 0.01 | 23 |
248393 | 513564 | 5680220 | 96.98 | 1.04 | 0.05 | 0.33 | 0.07 | 0.03 | 0.07 | 41 |
248394 | 513592 | 5680259 | 98.91 | 0.30 | 0.13 | 0.35 | 0.13 | <0.01 | 0.02 | 31 |
248395 | 513390 | 5680466 | 99.26 | 0.11 | 0.02 | 0.35 | 0.03 | <0.01 | 0.01 | 25 |
248396 | 513367 | 5680495 | 98.81 | 0.12 | 0.07 | 0.34 | 0.04 | <0.01 | 0.01 | 25 |
248397 | 513332 | 5680531 | 99.25 | 0.08 | 0.02 | 0.37 | 0.01 | <0.01 | 0.01 | 26 |
248398 | 513301 | 5680539 | 99.08 | 0.15 | 0.21 | 0.33 | 0.04 | <0.01 | 0.01 | 27 |
248399 | 513283 | 5680559 | 98.76 | 0.07 | 0.09 | 0.36 | 0.02 | <0.01 | 0.01 | 22 |
248400 | 513263 | 5680602 | 98.77 | 0.08 | 0.01 | 0.29 | <0.01 | <0.01 | 0.01 | 24 |
299501 | 513231 | 5680636 | 98.14 | 0.15 | 0.02 | 0.41 | 0.02 | <0.01 | 0.01 | 26 |
299502 | 513188 | 5680660 | 99.05 | 0.20 | 0.02 | 0.27 | <0.01 | <0.01 | 0.01 | 27 |
299503 | 513160 | 5680700 | 99.07 | 0.16 | 0.02 | 0.31 | 0.02 | <0.01 | 0.01 | 27 |
299504 | 513133 | 5680705 | 98.85 | 0.13 | 0.02 | 0.26 | 0.01 | <0.01 | 0.01 | 26 |
299508 | 513834 | 5679986 | 98.68 | 0.15 | 0.03 | 0.26 | 0.02 | <0.01 | 0.01 | 21 |
299509 | 513876 | 5679941 | 98.88 | 0.23 | 0.03 | 0.27 | 0.04 | <0.01 | 0.03 | 34 |
299510 | 513904 | 5679907 | 99.08 | 0.05 | 0.02 | 0.29 | <0.01 | <0.01 | 0.01 | 11 |
299511 | 513968 | 5679864 | 99.82 | 0.15 | 0.02 | 0.27 | 0.02 | <0.01 | 0.01 | 23 |
299512 | 514023 | 5679832 | 99.21 | 0.12 | 0.02 | 0.29 | 0.03 | <0.01 | 0.03 | 10 |
299513 | 514070 | 5679980 | 97.08 | 1.11 | 0.02 | 0.75 | 0.09 | 0.01 | 0.05 | 18 |
299514 | 514081 | 5680011 | 96.66 | 1.27 | 0.02 | 0.43 | 0.05 | 0.01 | 0.07 | 26 |
299515 | 514075 | 5680039 | 98.58 | 0.26 | 0.07 | 0.45 | 0.07 | 0.01 | 0.03 | 14 |
The remainder of samples were either taken near the contacts of the adjacent units or from non-quartzite outcrops of the adjacent Glenogle shale (east contact) and Beaverfoot dolomite (west contact) and were not included in the statistical summary of the quartzite samples taken.
Channel Sampling Results
Channel sampling was conducted at the Table Mountain Zone, with results consistently similar to the outcrop sampling results. Sampling procedure consisted of continuous chip sampling along a 3-centimetre cut channel. Samples were taken continuously over 1-metre intervals perpendicular to the strike orientation of the outcrop, with the sample sequence starting from the southwest end of the channel. Intervals shorter than 20 centimetres were combined with the previous interval. 66 continuous chip channel samples were collected over 62.11 metres within 74.16 metres in five channels, returning a weighted average of 98.86% SiO₂.
Four additional duplicates were taken as QA/QC checks and passed validation. Sample density is sufficient to indicate the accurate representation of the underlying mineralization.
See Figure 5 and Table 4 below.
Figure 5. Channel Sampling Locations - Table Mountain Zone
![](https://app.accessnewswire.com/imagelibrary/fafa598a-f8b3-4add-a7ee-3ae13d69b3a0/980583/image.jpeg)
Table 4. Table Mountain Zone - Channel Sampling
Channel | From (m) | To (m) | Interval (m) | SiO2 (%) | Al2O3 (%) | CaO (%) | Fe2O3 (%) | MgO (%) | P2O5 (%) | TiO2 (%) | B (ppm) |
TM1 | 0.00 | 4.74 | 4.74 | 98.83 | 0.15 | 0.01 | 0.30 | 0.01 | 0.01 | 0.01 | 24 |
TM2 | 0.00 | 5.80 | 5.80 | 98.88 | 0.10 | 0.01 | 0.33 | 0.01 | 0.01 | 0.01 | 10 |
5.80 | 6.30 | 0.50 | Overburden | ||||||||
6.30 | 8.83 | 2.53 | 98.90 | 0.10 | 0.01 | 0.30 | 0.01 | 0.01 | 0.02 | 7 | |
8.83 | 9.38 | 0.55 | Overburden | ||||||||
9.38 | 13.0 | 3.62 | 99.21 | 0.09 | <0.01 | 0.35 | 0.01 | 0.01 | 0.02 | 11 | |
TM3 | 0.00 | 7.60 | 7.60 | 99.03 | 0.11 | <0.01 | 0.32 | 0.01 | 0.01 | 0.02 | 7 |
7.60 | 10.20 | 2.60 | Overburden | ||||||||
10.20 | 11.00 | 0.80 | 99.08 | 0.11 | <0.01 | 0.27 | 0.01 | 0.01 | 0.02 | 6 | |
11.00 | 11.90 | 0.90 | Overburden | ||||||||
11.90 | 18.00 | 6.10 | 98.79 | 0.11 | <0.01 | 0.29 | <0.01 | 0.01 | 0.02 | 10 | |
TM4 | 0.00 | 5.22 | 5.22 | 99.09 | 0.09 | <0.01 | 0.33 | <0.01 | 0.01 | 0.02 | 12 |
TM5 | 0.00 | 3.80 | 3.80 | 98.82 | 0.15 | <0.01 | 0.29 | <0.01 | 0.01 | 0.04 | 15 |
3.80 | 4.50 | 0.70 | Overburden | ||||||||
4.50 | 7.00 | 2.50 | 98.85 | 0.12 | <0.01 | 0.31 | 0.02 | 0.01 | 0.02 | 20 | |
7.00 | 10.20 | 3.20 | Overburden | ||||||||
10.20 | 12.00 | 1.80 | 98.77 | 0.09 | <0.01 | 0.34 | 0.01 | <0.01 | 0.01 | 12 | |
12.00 | 13.00 | 1.00 | Overburden | ||||||||
13.00 | 17.50 | 4.50 | 98.30 | 0.15 | 0.09 | 0.34 | 0.02 | <0.01 | 0.01 | 13 | |
17.50 | 20.10 | 2.60 | Overburden | ||||||||
20.10 | 33.20 | 13.10 | 98.81 | 0.11 | <0.01 | 0.31 | 0.01 | <0.01 | 0.01 | 9 |
Discussion
Sampling results within the zones were consistently high purity, with the northern Table Mountain Zone returning the best and most consistent grades. The favourable grades reflect field observations of a broad zone of white quartzite measuring at least 150 metres wide and a strike length extending from the Trans-Canada Highway to the south and to the north, beyond the northern end of the Property, representing a total strike length of at least 4 kilometres. Although the western cliff face of Table Mountain clearly demarcates the western margin of the Mount Wilson Formation quartzite, the eastern margin is obscured by a deep boulder field originating from the extensive, steep quartzite exposure in this area.
Channels sampling results demonstrated a consistency in grade over a wide area within the Table Mountain Zone.
All samples were submitted to ALS Laboratories in North Vancouver, British Columbia for B-MS82L (boron) and ME-XRF26 (all other elements). Four sample duplicates were taken in the channel sampling sequence, and passed QA/QC.
* Cautionary Note
The reader is cautioned that grab samples are selective by nature and may not represent the true grade or style of mineralization across the property.
About the Table Mountain Project
The Table Mountain Silica Project comprises 2,304 hectares located 4 kilometres east of Golden, B.C., with excellent year-round access and proximity to the Canadian Pacific Railway Golden Rail Yard. The property hosts up to 10 kilometers of regionally mapped strike length of the Mount Wilson Formation, with apparent widths ranging from 300 to 1,400 metres at surface. The project is strategically positioned near both the Moberly Silica Mine and Sinova Quartz silica quarry, which exhibit economic grade silica greater than 99.6% SiO₂ purity.
Qualified Person
Technical information in this news release has been reviewed and approved by Case Lewis, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects and a director of the Table Mountain Project vendor.
About Troy Minerals
Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located "critical" mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium, and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company's primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.
ON BEHALF OF THE BOARD,
Rana Vig | CEO & Director Telephone: 604-218-4766
Email: rana@ranavig.com
Forward-Looking Statements
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
December 2024 Quarterly Activities & Appendix 4C Cashflow
Provaris Energy Ltd (ASX: PV1, Provaris, the Company) is pleased to provide the following summary of the Company’s development activities for the quarter that ended 31 Dember 2024.
HIGHLIGHTS OF THE QUARTER
Term Sheet with Uniper and Norwegian Hydrogen for supply and offtake is a breakthrough validation milestone
- Executed Term Sheet outlines the delivery of 42,500 tonnes per year of green hydrogen to Uniper, transported via Provaris’ H2Neo compressed hydrogen carriers. Deliveries could begin in early 2029 and will extend for a minimum of 10 years, establishing Europe’s first large-scale regional hydrogen marine transport project.
- Provides the basis of negotiating a binding Hydrogen Sale and Purchase Agreement which is targeted for June 2025, and a catalyst to mature discussions with shipyards and owners on shipping.
- Provaris and Norwegian Hydrogen continue to collaborate on the development of the supply of RFNBO compliant hydrogen from the Nordics.
- Ongoing work with Uniper on the optimal shipping schedule and import terminal solutions to ensure flexible and efficient transport.
Positive advancements in European supply chain developments continued in 2024
- Demonstrated compliance with Europe’s Renewable Energy Directive II (RED II) emissions standards for bulk hydrogen shipping using its proprietary H2Neo carrier on a round-trip between Norway and Germany.
- Advanced the conceptual design with Global Energy Storage (GES) of an initial 40,000 tpa compressed hydrogen import project in Rotterdam, including options for hydrogen storage at the terminal and connection to the Hynetwork Netherlands H2 network.
- Continued to qualify and advance a pipeline of supply chain opportunities in the European region suitable for Provaris’ carriers to deliver hydrogen at a superior cost to alternatives such as ammonia.
Commenced innovative CO2 Tank design with Yinson Production AS for bulk storage and shipping
- Commenced collaboration with Yinson on the technical design for an innovative large capacity CO2 tank design for bulk storage and marine transport of liquid CO2, provides a new market to commercialise Provaris tank IP.
- Concept Design phase progressed with the completion of a Basis of Design and Production Concept, including material selection and development of a Structural Design Model.
- Received USD 200,000 payment from Yinson for Technology Service Fees related to the Concept Design, in addition to external project costs being met.
- Yinson has a long track record in the construction of floating production, storage, and offloading vessels, with the strategy and financial backing to support the development of comprehensive carbon capture and sequestration supply chains.
Provaris Managing Director and CEO, Martin Carolan, commented:“The execution of a Term Sheet for hydrogen supply and offtake with Uniper is a breakthrough commercial milestone for Provaris, validating our focus on Europe to be the first regional market for bulk supply and recognising the benefits of our approach and delivered cost advantage in scaling hydrogen supply using compression.
We have seen this milestone catalyse several discussions with stakeholders and industry partners on other supply chain proposals and industry partners and an overall increase in activity going into 2025.
The diversification into the CO2 supply chain is now underway with the support and collaboration of a strong partner in Yinson, a leader in the offshore industry. Progress is being made on a innovate CO2 tank that could be a game- changer for the industry, which is advanced with transport infrastructure but still requires cost and transport efficiency to economically scale-up.”
Click here for the full ASX Release
This article includes content from Provaris Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Energy Technologies Limited 2Q FY2025 Quarterly Activities Report and Appendix 4C
Energy Technologies Limited (ASX: EGY or “the Company”), is pleased to release its Quarterly Activities Report and Appendix 4C Quarterly Cash Flow Report for the period ended December 2024 (“2Q FY2025”).
Key highlights:
- Unaudited sales revenue increased 17.5% over preceding quarter; and
- Subsequent to adoption of revised business plan, Manufactured and Purchased Sales Divisions awarded inaugural cable supply contract.
During 2Q FY2025, EGY:
- Unaudited sales revenue of A$2.61m, representing a 17.5% increase over the quarter ending 30th September 2024 (“1Q FY2025”);
- reported cash receipts of A$2.35m, a A$890k reduction on 1Q FY2025; and
- Sustained an Order Book of c. A$3.0m.
Operationally, the Board’s conviction as to the merits of the revised business plan is being validated with increased tender opportunities, higher margin sales and the initial tender awarded to the Manufactured and Purchased Sales Divisions associated with a significant infrastructure project in NSW (as detailed to the market on 25th November 2024).
While cash receipts for the quarter were 28% lower than 1Q FY2025, the results were consistent with management expectations and as a consequence of the revised business model transition (as to which refer Market Announcement on 31st October 2024 and prior). Moving forward, the Order Book quantum augurs well for a sustainable increase in both revenue and cash receipts.
EGY CEO Nick Cousins commented:“The business continues to rebuild through the re- positioning of its sales mix as highlighted by both the unaudited sales revenue uplift and a consistently high order book”.
Click here for the full ASX Release
This article includes content from Energy Technologies Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Westport Fuel Systems: Advanced, Clean Fuel Systems that Deliver Economic, Environmental Benefits
Westport Fuel Systems (NASDAQ:WPRT,TSX:WPRT) delivers advanced fuel system technologies, focused on heavy-duty and light-duty vehicles, to reduce carbon emissions without compromising engine performance. The company offers innovative solutions that enable internal combustion engines to operate on alternative low-carbon fuels, including natural gas, renewable natural gas (RNG) and hydrogen.
Westport operates in a rapidly growing and changing clean transportation market driven by stringent emission regulations, increasing fuel costs, and rising demand for sustainable mobility solutions.
The HPDI fuel system is engineered for heavy-duty trucks and industrial applications. By injecting high-pressure natural gas or hydrogen directly into the combustion chamber, HPDI delivers diesel-like torque and power with up to 98 percent lower CO₂ emissions when using hydrogen. This technology is critical for long-haul trucking and other high-load applications, where maintaining performance and range is essential. This technology is now owned under the Cespira JV, which generated a revenue of $16.2 million in Q3 2024.
Company Highlights
- Westport is a pioneer in the development and commercialization of alternative fuel delivery systems for natural gas, renewable natural gas (RNG), propane, and hydrogen-powered internal combustion engines (ICEs).
- The company is rooted in both the heavy-duty and light-duty vehicle market, leveraging Westport’s proprietary fuel technologies to deliver reductions in carbon emissions for both commercial and passenger vehicles.
- Westport’s High-Pressure Controls and Systems segment focuses on fuel management solutions for hydrogen and other pressurized alternative fuels.
- The flagship HPDI technology, now part of the company’s Cespira joint venture with Volvo Group, enables heavy-duty trucks to operate on natural gas or hydrogen, thereby substantially lowering CO₂ emissions while delivering diesel-equivalent or better performance.
- Westport’s growth trajectory is enhanced by key collaborations, most notably via the formation of Cespira, a joint venture with Volvo Group aimed at accelerating the global adoption of the HPDI technology.
This Westport Fuel Systems profile is part of a paid investor education campaign.*
Troy Minerals Eyes High-purity Silica Production in Mongolia in 2025
Troy Minerals (CSE:TROY,OTCQB:TROYF) is advancing its mining permit application for the Tsagaan Zalaa high-purity silica project in Mongolia, with plans for production by 2025, according to Yannis Tsitos, the company’s president.
“This is a high-quality project, and we are now advancing (with) a mining permit application," he said. "We're going to do it in the coming weeks … So please stay tuned for more public disclosure on this."
Tsitos also shared insights into Troy Minerals’ strategic focus and growth potential, with a portfolio centered on critical minerals like high-purity silica, vanadium and rare earth elements. The company aims to capitalize on surging demand for materials essential to green economies and advanced technologies, he said.
The Tsagaan Zalaa project is strategically located near the Chinese border, enabling quick access to the world’s largest silica market. “There's plenty of silica on Earth, but not much silica that's high purity. And I'm talking greater than 98.99 percent silica. It's primarily used for making photovoltaic solar panels,” Tsitos explained.
“It's generally an industry that, according to experts, will grow to more than $100 billion by 2030. There is tremendous growth in this, and there are bottlenecks on the supply side," he added.
Simultaneously, Troy is advancing its Table Mountain high-purity silica project in BC, Canada, aiming to supply industries in North America. Both projects promise a rapid transition to production, which Tsitos emphasized as a critical strategy for reducing reliance on external capital and limiting shareholder dilution.
Citing the company’s seasoned leadership and high-quality assets, Tsitos expressed confidence in Troy Minerals’ ability to generate near-term cashflow and long-term growth, saying 2025 will be a “fantastic year” as the company moves closer to production.
Watch the full interview with Troy Minerals President Yannis Tsitos above.
Disclaimer: This interview is sponsored by Troy Minerals (CSE:TROY,OTCQB:TROYF,FWB:VJ3). This interview provides information which was sourced by the Investing News Network (INN) and approved by Troy Minerals in order to help investors learn more about the company. Troy Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Troy Minerals and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
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