Cleantech

Northstar Reports First Quarter 2022 Financial Results And Announces Details Of Virtual Investor Webcast

Northstar Reports First Quarter 2022 Financial Results And Announces Details Of Virtual Investor Webcast

Highlights

  • $3.9 million in cash as of March 31, 2022
  • Working capital surplus of $3.7 million as of March 31, 2022 compared to a working capital surplus of $5.5 million as of December 31, 2021
  • Completed Calgary FEED study results: total capital cost estimate of $11.75 million which includes a $2.0 million contingency
  • Announced project economics including $7.6 million in estimated annual revenue per facility (1) , $4.9 million in estimated annual gross profit per facility (1) , and $4.0 million in potential annual EBITDA per facility (1)(2 and identified six areas of potential upside

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its first quarter 2022 financial statements and management's discussion and analysis ("MD&A") on SEDAR for the 3 months ended March 31, 2022 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Tuesday, May 31, 2022 at 5:30 am PST 8:30 am EST . Details are provided below.

Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)

Mr. Aidan Mills , President & CEO of Northstar, commented, "The first quarter was a pivotal one for Northstar as it demonstrated that the company has the potential to deliver the steps needed for an ESG business to succeed: 1) a technology that works; 2) the ability to scale up that technology; and 3) a clear commercialization strategy."

"The achievement of steady state production and the delivery of specification product at the Empower Pilot Facility in Delta B.C. clearly demonstrates step 1. These products have undergone rigorous testing by several potential customers across the Company's target market sectors, and we continue to believe that liquid asphalt produced by Northstar is suitable in paving, shingle manufacturing and roofing system ("flat roof") manufacturing. In parallel with the customer testing, we have added in-house and independent third-party testing to our capabilities," Mr. Mills stated. "Stringent quality control procedures are now in place for softening point, penetration, and flash point specifications which are a key customer requirement and now an integral part of our steady state production processes. Both steady state production and customer feedback has enabled us to identify areas of plant improvement – both for the Empower Pilot Facility in Delta B.C. and to be incorporated into the next detailed design phase for the Calgary scale-up facility ("Empower Calgary Facility")."

"The selection of Calgary as our first scale-up location, combined with our announcement of the successful completion of the front-end engineering design ("FEED") for our Empower Calgary Facility means we are on a clear pathway to step 2. The FEED design outlined a total capital cost estimate of $11.75 million for the Calgary Empower Facility, which includes $9.75 million in direct and indirect costs, plus an additional $2.0 million contingency. The recently announced life-cycle analysis, based on the FEED design, seeks to demonstrate that the Empower Calgary Facility that has a 60% lower carbon emissions footprint versus the base case of sending shingles to landfill and replacing the asphalt content with virgin production," continued Mr. Mills.

"Lastly, our announced project economics includes $7.6 million in estimated annual revenue per facility (1) , $4.9 million in estimated annual gross profit per facility (1) , and $4.0 million in potential annual EBITDA per facility (1)(2) . Additionally, we believe there is clear achievable targets identified for asphalt pricing, which recently eclipsed $1,000 per tonne, sustainability or 'green' premium, operational performance, carbon credit revenue, tipping fee revenue, and operating assumptions. This detailed analysis of the economics for our facilities, combined with the strong potential customer feedback from their detailed asphalt testing programs hopes to show that step 3 is achievable."

"In summary, we have a highly cost-effective, low carbon production asset running a technology capable of producing high quality products in demand by material customers and delivering strong economic performance. 2022 is shaping up to be an exciting year for our Company," concluded Mr. Mills.

Based on these results, the Company believes that its technology works, which is shown through the steady state production at the Empower Pilot Facility, it is commercially viable and environmentally impactful.

Q1 2022 Highlights

  • January 2022 - Northstar's common shares commenced trading in the United States on the OTCQB under the symbol 'ROOOF'.
  • February 2022 - Appointed Ms. Kellie Johnston as Chief Sustainability Officer and General Counsel.
  • February 2022 - Initiated steady state production at the Empower Pilot Facility in Delta, B.C. , processing discarded shingles into "green asphalt", fiber, and aggregate, confirming that these products can enter the circular economy while diverting waste from landfills.
  • March 2022 - Validated two of its outputs, high quality liquid asphalt and aggregate, through positive third-party test results. The testing confirmed that the Company's products meet its product specification objectives and can be used in a variety of applications.
  • March 2022 - Selected Calgary, Alberta as the location for its expanded-capacity Empower Calgary Facility.
  • March 2022 - Secured grant funding from Alberta Innovates for the engineering costs of the Empower Calgary Facility. This application to Alberta Innovates was Northstar's first of a broad range of government funding applications Northstar is progressing related to the Calgary Empower Facility.
  • March 2022 - Received the FEED design from BBA Inc., Northstar's engineering consultant, for the Empower Calgary Facility. The FEED study outlined a total capital cost estimate of $11.75 million for the Calgary Empower Facility, which includes $9.75 million in direct and indirect costs, plus an additional $2.0 million contingency.

Significant Events Subsequent to the Quarter Ended March 31, 2022

  • April 2022 - Announced project economics for the Calgary Empower Facility based on the FEED design and detailed internal management-prepared financial analysis of the planned facility. Highlights include $7.6 million in estimated annual revenue per facility (1) , $4.9 million in estimated annual gross profit per facility (1) , and $4.0 million in potential annual EBITDA per facility (1)(2) . Identified achievable targets for asphalt pricing, which recently eclipsed $1,000 per tonne, sustainability or 'green' premium, operational performance, carbon credit revenue, tipping fee revenue, and operating assumptions.
  • May 2022 - Announced life cycle analysis for the Calgary Empower Facility demonstrating a 60% reduction in carbon dioxide equivalent emissions versus the base case of landfill and replacement with virgin production, based on the FEED design and detailed internal management-prepared financial analysis of the planned facility.

Virtual Investor Webcast Details

Topic : Northstar Clean Technologies Q1 2022 Financial Results Webcast

Date : May 31, 2022

Time : 05:30 am PST / 08:30 am EST

Webcast URL : https://us06web.zoom.us/webinar/register/9016497132073/WN_rIiCj_o4SQiFJp_a8ySRzQ

Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.

Notes:

(1)

Based on anticipated first full operational year.

(2)

Earnings before interest, taxes, depreciation and amortization ("EBITDA " ) is a Non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA should not be construed as alternatives to net income/loss determined in accordance with International Financial Reporting Standards ("IFRS"). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.


About Northstar

Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Cautionary Statement on Forward-Looking Information

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.

This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning any projections or anticipated financial results of the Company, the scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy of the asphalt industry, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, the Company's ability to generate future revenue from carbon credits, tipping fees and from the sale of its end-use products, and its projected project economics for its proposed Calgary Empower Facility. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. The novel strain of coronavirus, COVID-19, and ongoing dispute between the sovereign state of Ukraine and Russia also pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

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ROOF:CA
Northstar Announces Mailing of Management Information Circular, Date and Details of Annual General & Special Meeting and Announces Details of Long-term Incentive Plan

Northstar Announces Mailing of Management Information Circular, Date and Details of Annual General & Special Meeting and Announces Details of Long-term Incentive Plan

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has scheduled its Annual General and Special Meeting of Shareholders (the "Meeting") for Thursday, July 28, 2022 at 11:00 am PST ( 2:00 pm EST ). The Meeting will be held at the Company's Delta office at 7046 Brown Street, Delta, BC V4G 1G8. The Company also announces that it has filed its management information circular and proxy (the "Meeting Materials") for the Meeting on SEDAR. The Meeting Materials are also available for download from the Company's website.

Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)

The information circular in the Meeting Materials proposes the re-election of six directors for the ensuing year, the reappointment of the Company's auditors, and the approval of the Company's 2022 Equity Incentive Plan, including the approval of a 10% rolling plan for stock options and a fixed plan of 6,500,000 common shares for awards of restricted share units ("RSUs"), performance share units ("PSUs") and deferred share units ("DSUs").

As always, the Company encourages its shareholders to vote prior to the Meeting. All proxies submitted must be received by July 26, 2022 . Your vote is important regardless of the number of common shares you own. As a Northstar shareholder, it is very important that you carefully read the Meeting Materials and vote your common shares. Shareholders may vote online, by telephone, by mail, or by any other methods listed in the form of proxy or voting instruction form included with the Meeting Materials.

Long-Term Incentive Plan

Pursuant to the Company's Long-Term Performance Incentive Plan, the Company announces that it has issued an aggregate of 355,925 RSUs and 3,559,278 PSUs to officers and key employees of the Company. The RSUs and PSUs will vest as to one-third on each of June 23, 2023 , March 31, 2024 , and March 31, 2025 . Each RSU and PSU represents the right to receive, once vested, one common share in the capital of the Company. The number of shares earned upon the vesting of the PSUs will be determined by the performance of each individual and will be subject to approval by the Board of Directors. The Company also announces it has granted an aggregate of 260,854 stock options to directors, officers, and employees at an exercise price of $0.35 per share for a five-year term. All options vest as to one-third on each of March 31, 2023 , 2024, and 2025.

About Northstar

Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Cautionary Statement on Forward-Looking Information

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.

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SOURCE Northstar Clean Technologies Inc.

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NORTHSTAR'S CALGARY SCALE UP ASPHALT SHINGLE REPROCESSING FACILITY FOUND TO REDUCE CARBON DIOXIDE EQUIVALENT  EMISSIONS BY 60%

NORTHSTAR'S CALGARY SCALE UP ASPHALT SHINGLE REPROCESSING FACILITY FOUND TO REDUCE CARBON DIOXIDE EQUIVALENT EMISSIONS BY 60%

Independent life cycle assessment of Northstar's Calgary scale up facility confirms carbon dioxide equivalent emissions benefits vs. landfilling asphalt shingles and use of virgin materials

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce the positive results of a second independent carbon dioxide equivalent ("CO 2 e") life cycle assessment ("LCA") completed by Burgess Environmental Ltd. ("Burgess") for selected performance indicators for Northstar's planned scale up asphalt shingle reprocessing facility in Calgary, Alberta ("Calgary Empower Facility"). The LCA is based on sophisticated modeling from the front-end engineering design ("FEED") completed by BBA Inc. ("BBA"), Northstar's engineering consultant, on March 25, 2022 . The LCA assessed the impacts and benefits of reprocessing asphalt shingles and compared them to the impacts and benefits related to the disposal of discarded or defective asphalt shingles in landfills and virgin production of asphalt shingles.

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Northstar Announces 2021 Financial Results and Details of Virtual Investor Webcast

Northstar Announces 2021 Financial Results and Details of Virtual Investor Webcast

Financial Highlights

  • $6.0 million in cash as at December 31, 2021
  • Total assets increased by $7.5 million while total liabilities increased by $0.6 million compared to December 31, 2020
  • Working capital surplus of $5.5 million compared to a working capital deficit of $0.06 million compared to December 31, 2020

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its audited annual financial statements and management's discussion and analysis ("MD&A") on SEDAR for the year ended December 31, 2021 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Thursday, April 28, 2022 at 2:00 pm PST 5:00 pm EST . Details are provided below.

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Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City

Northstar to Present at 2022 Asphalt Roofing Manufacturers Association Spring Committee & Board Meeting Series in Kansas City

Northstar Clean Technologies Inc. (TSXV: ROOF), (OTCQB: ROOOF) ("Northstar" or the "Company") has announced that it will be presenting at the 2022 Asphalt Roofing Manufacturers Association ("ARMA") Spring Committee & Board Meeting Series. The Company's presentation "Repurposing Asphalt Roofing Materials" will highlight the Company's important contribution to the fight against landfill waste. The presentation is scheduled for April 26, 2022 at 8:30 am Central Time . Speaking at this event from Northstar will be the following:

Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)

  • Aidan Mills , President & CEO, Director
  • Gord Johnson, Co-Founder, Director, President of Empower
  • Kellie Johnston , Chief Sustainability Officer

The 2022 ARMA meetings are being held in person in Kansas City, Missouri , from April 25-28, 2022 , and will also be made available virtually for those who are unable to attend in person.

About ARMA

The Asphalt Roofing Manufacturers Association (ARMA) is a trade association representing North America's asphalt roofing manufacturing companies and their raw material suppliers. The association includes the majority of North American manufacturers of asphalt shingles and asphalt low slope roof membrane systems. Information that ARMA gathers on modern asphalt roofing materials and practices is provided to building and code officials, as well as regulatory agencies and allied trade groups. Committed to advances in the asphalt roofing industry, ARMA is proud of the role it plays in promoting asphalt roofing to those in the building industry and to the public.

For more information about ARMA and the 2022 Spring Committee & Board Meeting Series, visit www.asphaltroofing.org .

About Northstar

Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.

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SOURCE Northstar Clean Technologies Inc.

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Northstar Announces Project Economics For Its Calgary Scale Up Facility Based On Front-end Engineering Design

Northstar Announces Project Economics For Its Calgary Scale Up Facility Based On Front-end Engineering Design

Highlights

  • $7.6 Million in Potential Annual Revenue Per Facility (1)
  • $4.9 Million in Potential Annual Gross Profit Per Facility (65% Gross Margin) (1)
  • $4.0 Million in Potential Annual EBITDA (2) Per Facility (52% EBITDA (2) Margin) (1)
  • Excludes Any Potential Carbon Credit Revenue or Sustainability "Green" Premium
  • Numerous Potential Upside Opportunities Have Been Identified

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce the results from its internal management-prepared economic analysis for its planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary, Alberta ("Calgary Empower Facility"). As part of the recently released independent front-end engineering design ("FEED") study prepared by BBA Engineering Ltd. which provided a pre-feasibility level capital estimate for the planned Calgary Empower Facility, the Company completed a detailed internal financial analysis of the planned Calgary Empower Facility. The Company sensitized a broad range of both operational and financial assumptions to ultimately arrive on a conservative base case, which is provided here, as well as identify certain variables to provide potential upside. The results and major assumptions are provided below. All currencies quoted within this press release are in Canadian dollars.

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Lake Resources NL  Appoints Gentry Brann as Chief People and Admin Officer

Lake Resources NL Appoints Gentry Brann as Chief People and Admin Officer

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) today announced the appointment of Gentry Brann as its first Chief People and Administration Officer, effective immediately.

Ms. Brann will lead the Company's Human Resources functions, as well as advancing diversity and inclusion as the company expands.

"I am delighted to have Gentry join as our first Chief People and Administration Officer, which is a crucial role as Lake scales our organization globally and broadens the capabilities of the management team" Lake Resources Managing Director and CEO David Dickson said.

"Lake is immensely proud of the talent we have attracted in a variety of fields to support our lithium production projects, and Gentry will be instrumental in ensuring we have a strong talent development focus and a company culture that supports the delivery of our growth and mission."

Ms. Brann has over 25 years of experience leading HR and Communications functions.

Ms. Brann joins Lake from McDermott, where she led the company's strategic focus on inclusion and diversity, as well as human resources, communications and marketing, real estate and facilities, and global travel.

Ms. Brann joined McDermott from CB&I in 2018, where she served as Senior Vice President of Communications and Brand Management. Prior to CB&I's acquisition of The Shaw Group, she served as Vice President of Investor Relations and Corporate Communications for Shaw. Ms. Brann also held various roles at ICF International, ALSAC/St. Jude Children's Research Hospital and Archer Malmo Advertising and Public Relations Agency.

Ms. Brann holds an MBA from Duke University's Fuqua School of Business and a bachelor's degree from Louisiana State University. She is also a graduate of the Advanced Leadership Program at Rice University's Jones School of Business.

Ms. Brann's appointment adds to other key appointments, including Howard Atkins, Cheemin BoLinn and Ana Gomez Chapman to the board, and, most recently, Amalia Saenz as Vice President, Argentina Corporate Affairs.



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

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Lake Resources NL  Appointment Sra. A Saenz to Lead Argentina Corporate Affairs

Lake Resources NL Appointment Sra. A Saenz to Lead Argentina Corporate Affairs

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) today announced the appointment of Sra. Amalia Saenz as Vice President, Argentina Corporate Affairs.

Sra. Saenz is stepping down from Lake's board of directors, effective February 1, 2023, to lead Lake's government relations team, oversee corporate social responsibility programs, and steer community and stakeholder engagement in Argentina.

"I am thrilled to welcome Amalia to this critical executive role as the company advances its work in Argentina," Lake Resources Managing Director and CEO David Dickson said.

"Amalia's expertise has been invaluable to Lake in her capacity on our board, and this newly created position will enable us to further benefit from her extensive professional experience and in-country relationships as we continue our projects in Argentina to meet rising global demand for high-quality lithium."

Sra. Saenz has been a non-executive director on Lake Resources' board since July 2021. She joins the company from law firm Zang, Bergel & Vines in Buenos Aires, where she led the firm's energy and natural resources practice.

Sra. Saenz has more than 30 years of experience in energy and resources advising multinational companies. Her practice covered the full scope of natural resources, including mining, energy and oil and gas for merger and acquisition, financing, joint venture and operating agreements in Argentina.

She previously was a partner at Brons and Salas, a law firm in Buenes Aires where she led the Oil and Gas and Energy Practice. Ms. Saenz has worked in Central Asia, Turkmenistan, and the United Kingdom in exploration and production development across international borders and cultures.

Sra. Saenz was an active member of the Association of International Petroleum Negotiators (currently Association of International Energy Negotiators) serving as Regional Director, representing the Latin American Chapter.

Sra. Saenz's appointment follows several recent additions to Lake Resources' board and operating teams. Earlier this month the Lake Board strengthened governance and oversight as Howard Atkins, Cheemin Bo-Linn and Ana Gomez Chapman joined, bringing additional expertise in strategy, operations, financing, and ESG.

The Operating Team also has been expanded and reorganized to better align with the technical needs of Kachi Project development. Lake has expanded the company's technical, procurement, project, hydrogeology, drilling and engineering expertise to better position the company as it moves into the development stage of the Kachi expanded project and ongoing exploration of the Cauchari, Olaroz and Paso projects.



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

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ScreenPro Announces Grant of Stock Options

ScreenPro Announces Grant of Stock Options

ScreenPro Security Inc. (CSE: SCRN) (OTCQB: SCRSF) ("ScreenPro" or the "Company") is pleased to announce that the Company has granted stock options ("Options") to employees, officers and directors of the Company.

The Company has issued incentive stock options to purchase up to 4,800,000 shares of the Company as of January 27, 2023, in accordance with the Company's Stock Option Plan. The Options are exercised at $0.05 per common share, expiring January 26, 2025.

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Lake Resources NL  Quarterly Activities Report

Lake Resources NL Quarterly Activities Report

Sydney, Australia (ABN Newswire) - Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is providing a clean solution to the delivery of high quality lithium into the battery materials supply chain powering the energy transition. Lake uses disruptive, ion exchange extraction technology, from Lilac Solutions Inc in California (Lilac), who is earning into the flagship Kachi Project, for efficient production of high purity lithium with significant ESG benefits. No mining is involved in the brine processing.

Lake is transitioning from the evaluation and exploration phase to the next stage of development. Good progress was made during the quarter at the Demonstration Plant and the recent updates of the Kachi Mineral Resource Estimate.

With the ongoing recruitment of talented experts, the realignment and new focus of the organization and the enrichment of the Lake Board, Lake is well positioned to complete the development of Kachi, while pursuing the development of Cauchari, Olaroz and Paso.

Lake looks forward to continuing this progress towards the production of high-quality, sustainable lithium for its customers and delivering value to all stakeholders.

Key Highlights

Strengthened the Lake Resources Executive team, with the appointments of: Scott Munro appointed as Senior Vice President of Technology, Strategy and Risk; Karen Greene was appointed as Senior Vice President of Investor Relations and Communications and John Freeman as Chief Legal Officer and General Counsel.

Added sector-leading industry, capital markets and governance expertise to the Board in recent months with the appointment of three new U.S.- based board members. The additions of Howard Atkins, Cheemin Bo-Linn and Ana Gomez Chapman, bring strong pillars of strategic, operational, financial, and ESG oversight.

Offtake and Strategic Investment Conditional Framework Agreements were signed with WMC Energy and SK On for up to 50,000 tpa lithium carbonate from Kachi project. Conversations with these parties are ongoing.

After an extensive drilling program Lake reported to the ASX a 100 percent increase in the mineral resource estimate of Kachi, to 2.2 million tonnes of lithium carbonate equivalent of Measured and Indicated, and 3.1 million tonnes of Inferred resources.

Lilac Solutions successfully operated the Demonstration Plant for 1,000 consecutive hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, meeting all key testing milestones in accordance with the agreed timeline.

Definitive Feasibility Study (DFS) and Environmental Social Impact Assessment (ESIA) studies continue with demonstration plant validation required prior to completion of the DFS. Completion of DFS is expected in mid-2023.

Lake is well funded with a cash balance of $A133 million and no debt at 31 December 2022.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/GC7D0I6T



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

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Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

Enterprise Group Shares Accepted for Listing on U.S. OTCQB Exchange

Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment rental to the energyresource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) emissions for small local and Tier One global resource clients, announces that its shares have been accepted for listing on the U.S. OTCQB.

Enterprise is pleased to announce that the Company's common shares have begun trading on the OTCQB Venture Market ("OTCQB") effective today under the ticker symbol ETOLF. In addition to the listing, Enterprise shares are now eligible for electronic clearing and settlement with the Depository Trust Company ("DTC") for trading in the USA.

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Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022

Montfort's TIMIA Capital Originates $35.8 Million of Non-Dilutive Capital in 2022

~TIMIA's scalable fintech platform grew 42% year-over-year by providing non-dilutive growth capital financing for technology companies scaling SaaS products~

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, is pleased to report TIMIA Capital ("TIMIA"), a Montfort business unit, originated a total $35.8 million in loans across 23 new and follow-on investment facilities for growing technology companies in 2022.

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