Momentum Reports – Klondike Silver – June 2017
- Published in Blog, Klondike Silver Corp., Mining, News Home
The Fountain of Youth May Be Just Around the Corner In Vancouver
The Fountain of Youth May Be Just Around the Corner In Vancouver
Sirona Biochem makes safer and more effective cosmeceuticals
Vancouver-based Sirona Biochem is on track to crack the global market for skin lightening products, a market that has been predicted by Global Industry Analysts to hit US$23 billion by 2020. If that isn’t enough the company is also developing a product designed to forestall facial aging. Zion Market Research pegs the global anti-aging market at US$216.52 billion by 2021. The Company’s skin lightening products are far safer and far more effective than those which are currently on the market.
In hindsight it is not that surprising that Vancouver is becoming a hotbed of discovery when it comes to turning back the ravages of time. Botox as we know it today for the cosmetics industry, after all, was popularized in Vancouver by the husband and wife team of ophthalmologist Jean Carruthers and dermatologist Alistair Carruthers. They discovered that a toxin named botox helped eradicate the lines and wrinkles caused by aging.
Sirona Biochem Corp. (TSX-V:SBM) is a discovery and development stage biochem company that has developed a proprietary way to treat carbohydrate molecules using fluorination chemistry. This process prevents molecules from breaking down when exposed to enzymes. This now opens the door to developing a new field of therapeutics.
The company also has an anti-aging product based on synthesizing the glycoprotein found in the blood serum of Antarctic water fish and is currently in the testing and validation stage. The glycoprotein helps preserve the fish and its cells from the freezing water. When applied to humans, it helps prevent skin cells from dying, and also protects them from the harsh glare of ultra-violet radiation.
The good news for Sirona, however, doesn’t stop there. The company believes their stabilized carbohydrate molecules have applications in the treatment of cancer, pain, diabetes and inflammation. Sirona has developed an SGLT2 inhibitor as a Type 2 Diabetes treatment. Research and consulting firm Global Data has predicted that the global type 2 diabetes market will almost double from US$31.2 billion in 2015 to US58.7 billion by 2025.
SGLT2 inhibitors are a recent development in the fight against Type 2 diabetes. Most traditional diabetes treatments work by controlling insulin production or regulating blood sugar levels. SGLT2 inhibitors work by acting in the kidneys to reduce the reabsorption of glucose into the bloodstream.
Sirona’s strategy is to do the basic discovery and development work on a given product, and then to license the technique or joint venture it for commercialization, marketing and distribution. In 2014 the company signed a licensing agreement with Wanbang Biopharmaceuticals for the Chinese market. Wanbang will develop and commercialize Sirona’s SGLT2 inhibitor exclusively in the People’s Republic of China. The company also has a licensing agreement with Obagi Medical Products for a skin lightening agent.
Sirona Biochem was founded in 2009 by CEO Dr. Howard Verrico. The first thing Verrico did was to acquire the exclusive global license from TFChem for its proprietary SGLT2 Inhibitor. TFChem is based in Rouen, France. Verrico thought enough of TFChem’s research that he then went on to acquire TFChem as a wholly-owned subsidiary from its founder Dr. Geraldine Deliencourt-Godefroy. She then became Sirona’s Chief Science Officer and largest shareholder. TFChem now acts as Sirona’s research and development laboratory. A respected scientist, Deliencourt-Godefroy has also received a variety of honours in France including the acclaimed Francinov Research and Innovation Medal, the French Ministry of Research Award and the French Senate Award.
The company sees the cosmetic and cosmeceutical industry as its first major market penetration target for two important reasons. The first is that, as noted above, the financial reward for creating a fountain of youth will be immense. Secondly, the amount of regulatory testing for cosmetics is miniscule when compared to that involved in the pharmaceutical industry. The company intends to use the cash flow created by its anti-aging platform and skin colour lightening products, to finance the creation of more traditionally flavoured therapies for things like cell preservation and anti-inflammatories.
The company’s development focus is based on three high-return fields of discovery and development:
- Therapeutics: diabetes, anti-inflammatories and anti-infectives
- Cosmeceuticals: anti-aging and depigmenting agents
- Biological Ingredients: inducers and adjuvants for biological development and preservation.
With an SLGT2 inhibitor in the pre-clinical stage and four cosmetic products in the testing and validation phase, the company has received revenues and will continue to do so in the future from Wanbang for its SLGT2 inhibitor. Sirona also receives revenue from Obagi Medical products for a skin lightener, one of three skin lightening agents under development. It is also working on an acne treatment, an anti-inflammatory and an anti-infective.
Much of Sirona’s work is ground-breaking. Stabilizing carbohydrate molecules opens up new fields for therapeutic interventions and may rejuvenate older treatments which became stalled. Synthesizing the glycoprotein found in the blood serum of Antarctic fish may produce a product that slows down the aging of skin. One way to illustrate its potential value is that when TFChem first synthesized the glycoprotein, cosmetic giant L’Oreal Group, the world’s largest cosmetics company slapped a field-of-use patent on it. As it turns out the first synthesis was not stable, but the later ones were, and L’Oreal was out of luck.
While Sirona is concentrating on developing cosmetic products, it hasn’t neglected the medical side of things. The company has a pipeline of products that are heading towards the market. The anti-aging compound is now in the testing and validation phase.
The company has a 52-week high of $0.20 and a 52-week low of $0.12. As of June 16, 2017, it was trading at $0.17. And if you were wondering, Sirona is the name of the Celtic goddess of healing.
- Published in Bio technology, Blog, Sirona Biochem, Technology
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Anfield Resources Aims to be One of the Next Uranium Producers in the United States
Momentum Public Relations
Press Release: June 21, 2017
June 21, 2017 / TheNewswire / MONTREAL, QUEBEC – Momentum PR client, Anfield Resources is listed on the TSX Venture exchange under the symbol ARY, as well as on the OTCQB in the US under the symbol ANLDF.
Momentum PR is pleased to have produced an informative and comprehensive report on Anfield Resources, available on the Momentum PR LinkedIn page.
Anfield Resources Highlights:
- – Anfield Resources Set to Profit From Coming Uranium Shortage With 60 Reactors Under Construction In 15 Countries
- – China Building One Reactor Every Five Months
- – Dutch Commodity Expert Predicts $100 a Pound After 2020
- – Anfield is building out a unique asset base with access to lower-cost, near-term uranium production capacity in Wyoming and a longer-term, larger-scale, uranium production opportunity in Utah
- – Unique Agreement With Uranium One Provides Additional Processing and Ability to Borrow Processed Uranium
Anfield Resources, (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) has positioned itself as one of the next major suppliers to the American nuclear energy industry.
The rollback in uranium prices that took place after Fukushima in 2011 is now starting to reverse, albeit slowly. After Fukushima, uranium prices fell from $73 a pound to a low of $18 a pound. While pricing has rebounded slightly, the current $20 level isn’t sustainable as it remains below the cost of production.
Factors which could drive the price upward are supply shortages caused by mine closures and increasing global demand. Today there 20 nuclear reactors under construction across the globe and China is building one new reactor every five months. Globally, 150 new nuclear reactors are in the planning stage.
Canadian-headquartered Anfield set up shop in the United States because 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of American electricity is generated by nuclear energy, and at present it imports over 90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the uranium it uses.
Over the last four years, Anfield has acquired a number of conventional uranium assets in Utah, Colorado and Arizona as well as 24 ISR-amenable projects in Wyoming. An April 4, 2017, NI 43-101 report on one of the 24 Wyoming ISR assets, Red Rim, shows an indicated resource of 336,655 tons of mineralized material with an average grade of 0.17{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and an inferred resource of 472,988 tons of mineralized resource with an average grade of 0.163{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, for a total uranium resource of 2,681,896 pounds.
Anfield’s unique market position is derived through both its ownership of the Shootaring Canyon Mill and its agreement with Uranium One. The Shootaring Canyon Mill is one of only three licensed, permitted and constructed conventional uranium mills in the United States. The 500,000 pounds/year processing agreement with Uranium One allows Anfield to process uranium from its ISR assets without the capex and lengthy timeline required to build its own ISR processing plant. The agreement with Uranium One also allows Anfield to both buy and borrow processed uranium from Uranium One to fulfill contracts.
Anfield recognizes that, as the uranium price begins to climb as a result of the supply-demand imbalance, those with access to lower-cost production capacity will be the early beneficiaries in the uranium market. Therefore, Anfield’s Resin Processing Agreement with Uranium One – when paired with the 24 projects acquired in Wyoming – will be the near-term focus for the company. Once the uranium price climbs to a point where conventional uranium mining is feasible, Anfield can then aim to bring its conventional mill – Shootaring – online, which would significantly increase the company’s annual production capacity.
In addition, Anfield has 8,418,000 pounds of measured, indicated and inferred uranium resources in its four conventional projects in Utah and Arizona. More than enough to make it a major energy fuel provider in the American market. In March, the company closed an oversubscribed private placement with gross proceeds totalling $2,888,061.
The Momentum PR informative and comprehensive report on Anfield Resources is available on the Momentum PR LinkedIn page.
If you would like more information on Anfield Resources listed on the TSX-V under the symbol ARY with a market cap of C$8.75 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.
– See more at: The Newswire
- Published in Anfield Resources, Blog, Mining, News Home
Momentum Reports – Anfield Resources – June 2017
- Published in Anfield Resources, Blog, Mining, News Home
The Tesla Gigafactory: A Clean Energy Planet
The Tesla Gigafactory: A Clean Energy Planet
Tesla Motors is currently building a gigafactory. Some of you may be confused about what that is exactly, and why Tesla may need such a huge facility. When finished, the gigafactory will be the largest building in the world in terms of footprint, with 5.5 Million square feet. This will be second only to Boeing’s Everett factory (4.3 Million square feet). The endeavour is also very expensive, with an estimated cost of US$5 Billion. In line with Elon Musk’s goal to transition the world to renewable energy, the gigafactory will be entirely self-sufficient and powered by solar panels. The entire roof of the factory will be covered with solar cells, which are expected to produce 70MW of power. To give you an idea, the largest rooftop array in the world right now produces 11.5MW (in India).
A clean planet
Elon Musk recently stated in a Ted Talk that his ultimate goal is to make the world run entirely on renewable energy. To make this happen, he aims to produce 500,000 electric vehicles per year. This cannot be done economically if the parts have to be transported halfway across the world several times before the product is finished. Thus the need for a centralized facility, where the materials come in one end, and the finished vehicle comes out the other.
The gigafactory has already started producing the most innovative and crucial element of these cars: their lithium-ion batteries. And Tesla’s new 2170 battery cell is not only more efficient, but also cheaper than most on the market. The 2170 is around 10 per cent larger than its predecessor (the 18650 cell), but can store up to double the charge. It will also drop battery production cost by 25 per cent.
The essential element
In these super-powerful batteries is a crucial element: cobalt. For example, there is approximately 22.5 kilograms of it in Tesla’s Model S. The metal is currently mostly mined in the Democratic Republic of the Congo (DRC); where labour conditions are generally problematic and child labour is frequent. Consequently, Elon Musk has stated that all cobalt used by Tesla will only come from North America. Some have pointed out that it may be difficult to find enough ethical cobalt at feasible prices. But there is cobalt in North America, and King’s Bay (TSV:KBG, FSE:KGB1) is looking for it at the Lynx Lake Property in Labrador (Canada). The company is confident in the preliminary samples from the asset: “Grab samples from gossanous areas of the eastern rock pit have yielded assays up to 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co”. For the preliminary Versatile Time Domain Electromagnetic (VTEM) results, have a look at King’s Bay’s latest news release.
About King’s Bay
King’s Bay is a Vancouver based company focused on the exploration of cobalt, and other high-tech metals in North America. The company believes in this emerging fast-growth sector, and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as “King’s Bay”.
Juliette Benard
Media Relations Director
- Published in Blog, Energy, King's Bay, Mining, Technology
The Greatest Benefactor of US-Russian Relations – Anfield Resources
The Greatest Benefactor of US-Russian Relations – Anfield Resources
By Sean Zubick – Palisade Research
Like many other commodities, the price of uranium is cyclical.
Since 1929, uranium has seen three momentous bull markets. The first occurred from 1943 to 1955, and was spurred by an incentive program created by the US Government. The competition for nuclear warheads had begun, and the DoD was in dire need of uranium. Through the Atomic Energy Commission, a generous price for uranium was offered, igniting a staking frenzy. By the 1950s, the program was scaled back and incentives halted, ending the first uranium bull market.
The 1973 to 1979 bull run was triggered by OPEC’s oil embargo, resulting in a global economic crisis. Prior to, uranium was floating lower, and had bottomed out at $6/lb., before investors began flocking to alternative sources of power. Nuclear power was a great beneficiary, and afterwards saw rapid expansion. Prior to the oil crisis, global capacity nuclear capacity grew at an average of 2,400 MW per year. From 1973 to 1990, this jumped to 16,000 MW with the United States building 25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the 321 new reactors in the world. This run was ended by the Three Mile Island meltdown in March 1979.
The last and most recent uranium bull occurred from 2001 to 2008. China and India were growing at an unprecedented rate. In 2007, almost half of the world’s reactors were being built in China and India, with 64 planned and 158 planned, respectively. Oil prices were increasing, and the onus was once again placed on alternative energy sources. The agreement between the US and Russia, under the Megatons to Megawatts program, was also scheduled to end, removing significant supply from the market. This was accompanied by Cameco’s Cigar Lake mine flood (232 million lbs), and hedge funds hoarding the physical commodity. Uranium’s collapsed was caused by the 2008-2009 financial crisis, and investors liquidated their positions en masse.
Uranium experienced a small renaissance in 2011, but this was cut short due to the Fukushima Daiichi nuclear disaster in Japan. An earthquake and subsequent tsunami caused three nuclear meltdowns, and caused many countries to unnecessarily reconsider their energy programs. Germany took its eight reactors offline, and began importing its energy from France, which ironically gets the majority of its power from nuclear!
Now after 6 years, the uranium markets are finally seeing some light at the end of the tunnel. China remains the engine for growth, with 36 operating reactors and many more planned. In 2015, there were eight new grid connections. In 2016, another five came online. The country currently has another 20 reactors under construction, and aims to have the third largest capacity in the world by 2020.
The United States Department of Energy also recently lowered its transfer rate due to supply concerns. Analysts are now expecting a supply deficit, something unheard of just a couple of years ago.
Accompanying these two points, we maintain five more points of why uranium is a compelling investment and why its on the verge of an incredible turnaround.
-It’s a contrarian investment – uranium was one of the worst performing commodities in 2016, but is now one of the best performing of 2017. Many people are still on the sidelines, scared of the 41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} drop last year, but this is the ideal time to invest for a contrarian.
-Price (in)sensitivity – Unlike other commodities, particularly ones used as input, the cost of fuel for a nuclear power plant is insignificant. In fact, uranium accounts for only 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of operating costs. Compare this to coal plants where coal accounts for 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. If each commodity increases 20-fold, you can bet all of the world’s coal plants will be off-line and coal stocks will eventually die. The opposite would happen with uranium.
-Mine construction – With a deficit on the horizon, the fix will not be fast. In fact, the time from a production decision to production is almost a decade. This is why uranium bull markets can be much longer than other commodities.
-Uranium stocks are scarce – Unlike precious metal companies where there are hundreds to choose from, there are only about thirty uranium companies for a North American investor. When the bull market is in full effect, there will be only so many places the surge of capital can go. This means uranium stocks have more torque than other commodity stocks.
-No other sector yields the kind of gains that uranium can – When you ask the leading resource investors about uranium, chances are they have made a substantial portion of their wealth from it. Just ask Doug Casey or Rick Rule about Paladin Energy, and they will be happy to tell you about 10,000{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} return
Frank Giustra is another mining magnate who has had incredible success in uranium. In fact, his company UrAsia Energy was acquired by Uranium One in 2007 for US$3 billion. UrAsia owned uranium mines in Kazakhstan, which quickly became the foundation and flagships of Uranium One. At the same time, Uranium One bolstered its projects in the United States, eventually becoming a key producer of domestic uranium.
In 2010, Uranium One was acquired Rosatom, the state-controlled nuclear arm of Russia. And this is where some controversy began to surface. With uranium being a strategic metal, many departments had to sign off on the deal, and with more digging, theories arose that Giustra had donated to the former President Bill Clinton’s foundation to expedite the sale.
There are also allegations that President Clinton was integral in UrAsia securing its Kazakhstani assets. The pair traveled to Almaty together in 2005, where they met, Nursultan Nazarbayev, the leader of Kazakhstan. Soon after UrAsia acquired the mines. Since this trip, Giustra has donated US$31.3 million to the Clinton Foundation and pledged US$100 million more.
Mired in controversy and scandal, politicians became concerned of Russia controlling significant US production. The pressure was put on and Uranium One was essentially forced to sell key US assets. One junior resource was the benefactor, acquiring critical uranium projects for pennies on the dollar, the same assets that contributed to Uranium One’s C$6.2 billion market cap.
Anfield Resources (CVE:ARY, OTCMKTS:ANLDF, FRA:0AD)
Current Price: C$0.075
Shares Outstanding: 109.4 million
Market Capitalization: C$8.2 million
52-Week Range: C$0.06 – C$0.31
Cash: ~C$2.8 million
Anfield is a near-term production company with assets all in the United States. Its low-risk profile and high return potential have not attracted as much investor attention as this company deserves. Anfield has managed to bypass the long lead times associated with advancing to production through both the acquisition of an existing mill in Utah and an RPA signed with Uranium One to use its existing processing plant. This is a significant differentiator when comparing Anfield to other non-producers or those who aim to reach production in the coming years.
Assets – Prolific Uranium States
In the mining business, companies that make steady progress toward cash flow are rewarded with ever higher valuations. Those with a diversified array of projects at various stages of exploration and development get a nod of approval for risk management.
Anfield has both elements of this strategy. Its assets fall into three groups: conventional, ISR, and exploration.
-ISR (in-situ recovery) assets are the ones that have the potential to be profitable even in an environment of depressed uranium prices. Think of them as a hedge against future uncertainty. The company bought 24 ISR-amenable assets with a historical resource of ~37 million pounds in September 2016.
As part of that transaction, Anfield has also got access to 395,000 feet of historical drilling and resource databases that will help it focus on the most value-adding areas.
When these assets reach production stage (and it sounds more like a question of “when,” not “if”), the company will produce without too much upfront cost or permitting delays. As part of the same Wyoming transaction, it secured the right to process up to 500,000 pounds of mined material per year at Uranium One’s Irigaray processing plant. Another key component of this agreement includes the ability of Anfield to buy or borrow uranium material from Uranium One to fulfill any utility contract it signs. This provides a backstop with one of the largest uranium producers and makes utilities more inclined to sign long-term contracts with Anfield.
-Conventional assets – Anfield’s other key asset is its 750 tonnes-per-day Shootaring Canyon mill. The mill is located in Garfield county, Utah. It is one of the only three licensed, permitted, and constructed conventional uranium mills in the United States. The area where Shootaring Canyon is located has been historically one of the most prolific uranium production areas in the country.
Anfield plans to advance Shootaring Canyon and other conventional assets in anticipation of higher uranium prices.
The company’s outline of how it plans to get to production stage looks like this:
Anfield is doing the work required to advance its projects along these milestones. Also in 2016, it applied to upgrade its Shootaring Canyon mill’s radioactive materials license from standby to operational status.
Another key conventional asset is Velvet-Wood Mine, also located in Utah. Specifically, in the Lisbon Valley Uranium District production area, which historically was Utah’s largest uranium production area.
Anfield acquired the Velvet-Wood Mine in 2015 together with Shootaring Canyon. Since then, the company released a PEA for this asset.
In terms of resources, the PEA says that Velvet-Wood Mine hosts over 5 million pounds of U3O8 that can be mined using conventional methods.
(Source: Anfield Resources)
Most of the value of this project, though, is not in the amount of resources it has but in its capital return potential.
(Source: Anfield Resources)
The economics the Velvet-Wood Mine were done using $65/lbs, offering optionality as uranium prices increase. The most important fact that the PEA confirmed is the low-risk nature of the Velvet-Wood Mine. Portions of deposit have been successively mined in the past; uranium has been successfully extracted from mined material via conventional milling; and the project has some of the required operating permits and facilities in place.
In other words, the project does not suffer from any particular technical problems that would make it hard to restart.
BRS, the company that prepared this report, says that the project will likely start no earlier than mid-2018.
Anfield continued its collaboration with BRS and in March 2017 it announced that BRS would prepare a number of NI 43-101 compliant technical reports for the company’s 24 properties located in Wyoming, supplying the company with a steady stream of material news flow in the near-future.
(Source: Anfield Resources)
Resource delineation is the number one step in advancing these projects. And Anfield will not be starting from scratch. As part of its September 2016 transaction, Anfield purchased a database that contains historic resource estimates and other information that would help the company identify development potential.
One of the key characteristics of this batch of projects is that a lot of them are located close to existing ISR production bases. If needed, and to speed up cash flow generation, Anfield can potentially sign other processing agreements like the one it has now with Uranium One. It will dramatically help it reduce the amount of time needed to get these assets to production.
The first technical report was not long in the making. In April 2017, BRS has announced the results of the first NI 43-101 technical report. The report covers the Red Rim uranium project.
Anfield is advancing its projects at an impressive speed. But it doesn’t depend on its own efforts only. One of the overlooked assets in its asset base is a royalty portfolio that it acquired during the September 2016 transaction with Uranium one.
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale production royalty on Azarga Uranium’s (TSE:AZZ) Dewey Burdock project in Custer and Fall River Counties, South Dakota
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR on Western Uranium’s (CNSX:WUC) San Rafael project in Emery County, Utah
-2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sliding scale gross value royalty on Energy Fuels’ (TSE:EFR) Whirlwind project in Grand County, Utah.
-1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} royalty on Energy Fuels’ (TSE:EFR) Energy Queen project in San Juan County, Utah.
The royalties are all on established projects, and will offer enormous torque. The Dewey Burdock project is the most advanced and the royalty is conservatively worth CA$4.1 million at current uranium prices. Compare this to Anfield’s current market cap of C$8.2 million.
Lastly, the company has cranked up its exploration and evaluation spending. In 2016, it spent C$1.6 million on these activities, over five times more than the C$278,000 it dedicated to advancing its projects in 2015.
Capital – Grinding & Closing Financings
Despite the higher costs, Anfield managed to stay afloat and deliver value through a series of successful equity offerings.
The most recent one closed in March 2017. Anfield initially planned to raise C$1.5 million by issuing 15 million shares at 10 cents each but as the demand for its shares soared it ended up raising almost twice as much. On March 6, it closed a private placement that attracted $2.9 million in new capital.
As well as growing its projects organically, Anfield is going to continue pursue M&A opportunities. Historically, it managed to build an impressively diversified portfolio through a series of M&A transactions. We expect this trend to continue into the future.
The fact that the company is so well-positioned to benefit from multiple uranium price environments already tells us that the management knows what it’s doing.
The company has been navigated through the bear markets by Corey Dias, who earned his stripes as an equity analyst and fund manager.
To assist him, he has Robert Scott Lumadue at his side. Mr. Lumadue has over 38 years of experience in the uranium industry, and will help in uranium sales and marketing. Mr. Lumadue will be the bridge to U.S. utilities and nuclear conversion facilities, Anfield’s future customers. Utility sales contracts will be a key component of the company’s sustainable cash flow so hiring a person with relevant experience for so many years is an invaluable asset.
Besides the executive team, Anfield has an impressive roster of directors with almost 100 years of technical and consulting experience, including environmental and regulatory affairs, uranium sales and marketing, utility fuel procurement, and geological definition and interpretation.
Anfield is a pure-uranium company and has a clearly defined value proposition coming from its long-term assets and its nearer-term counterparts. Its current share price is a great entry point, and like our other uranium recommendations, will definitely be a longer-term hold. As mentioned earlier, we are going to see a series of resource estimates coming from Anfield’s Wyoming properties. This should cause some much needed liquidity and eye balls to the stock.
Palisade Global Investments Limited holds shares of Anfield Resources. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.
- Published in Anfield Resources, Blog, Mining
Momentum Reports – AtmanCo Inc TSX-V:ATW – May 2017
Momentum Reports – AtmanCo Inc TSX-V:ATW – May 2017
[pdf-embedder url=”https://momentumpr.com/wp-content/uploads/2017/05/MomentumReports-AtmanCo1.pdf”]
The Cost of Climate Change
The Cost of Climate Change
Annual costs for natural disasters in Canada pegged at almost $5 billion
Canada has just experienced extensive flooding in British Columbia, Ontario and Quebec. The complete cost of the disasters won’t be added up for some time; but you can bet that this past spring is going to be one of the most expensive on record. In Canada and throughout the world, we are being battered by increasingly numerous weather events, both extreme and not-so-extreme. The climate is changing.
Trying to get a handle on just exactly how much we are paying for climate change is difficult. The Office of the Parliamentary Budget Officer has tried. In its Estimate of the Average Annual Cost for Disaster Financial Assistance Arrangements due to Weather Events, released on February 25, 2016, it comes to $4.92 billion. This is the total annual cost from hurricanes convective storms, winter storms and flooding. But this, of course, does not take into account the lost productivity resulting from weather events.
The May 9, 2017 edition of Canadian Underwriter noted that in the United States, the bill for severe flooding in April would reach the multi-billion dollar range. Severe weather in America continued to be the largest factor in global insurance losses for 2017. While extreme weather or – as they like to say, weather events – continue to get worse, we in North America have comparatively little to worry about. Consider the plight of those low-lying Pacific Ocean nations that face the prospect of disappearing; if the ice in the Arctic and Antarctic continues to melt, and the oceans continue to rise.
It has been demonstrably and scientifically proven that climate change – the gradual warming of the earth’s surface – is to a very large degree driven by the fossil fuels used to heat our homes and drive our industry and vehicles. The very sad fact behind the spectre of increasing temperatures and increased hurricanes, is that we have the technology to prevent further damage.
One rewarding characteristic of humans is that we seldom throw in the towel, and so ideas that may have seemed farfetched or even ridiculous a generation ago, sometimes have their place in the sun. The green roofs of Toronto are a good example of this. In May 2009 Toronto City Council passed a bylaw that requires that new residential, office and industrial buildings have a green roof. While the idea of building roof-top gardens is as old as the hills (think of the hanging gardens of Babylon), doing so for ecological reasons is a relatively new concept.
The simple fact is that by going green you make money by saving money.
The Toronto bylaw applies to buildings that contain 6,000 square meters of floor space or more. The percentage of the roof to be green ranges from 20{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with a floor space of 6,000 square meters, to 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for buildings with over 20,000 square meters of floor space. Residential buildings shorter than six storeys or 20 meters in height are exempt. Toronto based its green roof policy on studies conducted by professors at Ryerson University, that showed potential annual cost savings of $37.1 million dollars. The largest cost-saving category was commercial building energy. The category showed a potential cost reduction of $21.56 million annually. The comfort benefit is hard to calculate, because how do you quantify mitigating the heat sink caused by our predilection for creating concrete canyons? As you might imagine, green roofs have also been cited as a partial solution for some of the flooding that has recently occurred. This is because of the green roofs’ ability to absorb rain and reduce water runoff. Oddly enough, building green roofs can also prolong their lifespan.
If we are to avoid the rapidly approaching climate Armageddon, it is vital that climate change deniers and vapid naysayers learn the real truth about green energy and efficiency. Simply put, energy efficiency is going to be one of the leading industries of the future because it makes you money by saving you money. As the Toronto study shows, green roofs save you money by reducing heating and cooling costs. Tesla, the electric car company, is now worth more than Ford. In an April 3, 2017 story CNN Money stated that Tesla was worth US$48 billion while Ford was valued at $45 billion.
Another energy-efficient way to go about saving the environment while saving money can be found in the ingenious technology of Burnaby-based International Wastewater Systems (“IWS”). IWS has developed a way to recover the heat usually lost in wastewater. Hot water from showers, baths, dishwashers and laundry goes down the drain. But IWS builds, installs and monitors closed systems that are used to heat the hot water supply in buildings. On May 10, 2017 the company announced that it had won funding and a contract to install five systems in Scotland through its wholly owned UK subsidiary SHARC Energy Systems. The contract is worth 9.8 million pounds. The five sites are the first of 750 locations targeted for conversion in Scotland.
In some ways the system is as simple as your own furnace. In the typical household furnace, natural gas or fuel oil is used to power a heat exchanger. The heat exchanger, in turn, warms the water in a radiator system, or the air in a forced air system. The genius in the IWS system was to develop a filtering system fine enough to prevent waste from clogging the heat exchanger. The system is completely sealed to ensure that there is no risk of water contamination, and continuously monitored to prevent any problems.
The return on investment (“ROI”) varies. A hospital in Boston, for example, that used electric boilers to heat its water had an IWS system installed. It cost $800,000, but the new system will save the hospital approximately $2 million per year and pay for itself within six months. IWS heat recovery systems can be installed in institutional, multi-residential, and industrial buildings. As described in a September 2016 interview with James West of the Midas Letter in the Financial Post, the payback period for residential buildings with 200 or so units is usually two to three years. If you are now telling yourselves this seems too good to be true, the real kicker is that the recovery systems have an anticipated lifespan of 40 years.
By Noel Meyer
- Published in Blog, Energy, Green Technology, International Wastewater Systems, Technology
Tetra Bio-Pharma: The Canadian Pioneer in Cannabis-Based Pharma for Pain Relief in Cancer Patients
Momentum PR ‘s client, Tetra Bio-Pharma is listed on the Canadian Securities Exchange under the symbol TBP as well as on the OTCQB in the US under the symbol GRPOF
Momentum PR is pleased to have produced an informative and comprehensive report on Tetra Bio-Pharma available on the Momentum PR LinkedIn page.
Tetra Bio-Pharma Highlights:
- – Canadian-based pioneer, innovator and first to market in cannabis-based pharmaceuticals- Global medical marijuana market is estimated to reach US$55.8 billion by 2025- Tetra Bio-Pharma is the first and only bio-pharma company in North-America focused on cannabinoid (CBD) clinical stage pain relief products- Tetra is the only bio-pharma company currently running a double-blind Phase 1 study with organically-grown cannabis
– Positive outcome from trials will result in for North-American Drug Identification Numbers (DIN), thus qualifying prescriptions for insurance coverage.
– Strategic partnership with Aphria Inc. announced in November 2016 and solidified in April 2017
Tetra Bio-Pharma is a Canadian-based pioneer, innovator and first market mover in developing cannabis-based pharmaceuticals. These are used for the treatment of cancer-related pain and the resultant nausea, as well as anorexia and Post Traumatic Stress Disorder (PTSD).
The global medical marijuana market is estimated to reach US$55.8 billion by 2025, according to Grand View Research. Health Canada has stated that they expected a mature medical marijuana market worth C$1.3 billion by 2024 in Canada alone.
Tetra Bio-Pharma is the first and only bio-pharmaceutical company in North-America that is focused on cannabinoid (CBD) clinical stage pain relief products. The Company believes that if all goes well, its flagship drug, PPP001, designed to treat the chronic pain associated with many cancers, will be on the market in 2019. The Canadian Cancer Society is estimating a 35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} growth rate in cancer cases in Quebec, and 40{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nationally by 2030. They also advocate for more spending on research on innovative drugs and end-of-life treatment.
Tetra Bio-Pharma is accelerating the acceptance of cannabis-based medical treatments. It is the only bio-pharmaceutical company currently running a double-blind Phase 1 study. It aims to assess the safety, tolerability, pharmacodynamics and pharmacokinetics of single and multi-daily ascending doses of cannabis by smoking in healthy volunteers.
Pending a positive outcome, cannabis-based drugs designed to treat cancer pain and nausea from chemotherapy, PTSD and a number of other ailments will qualify for North-American Drug Identification Numbers (DIN). This means that prescriptions would be eligible for insurance coverage.
In addition to developing proprietary products and intellectual property, Tetra Bio-Pharma signed a supply agreement with ACMPR licensed producer Aphria Inc. on November 3, 2016. The Tetra-Aphria partnership was further solidified on April 19, 2017 when plans were announced for the joint distribution of dried medical cannabis for Quebec and the Atlantic Provinces.
The Momentum PR informative and comprehensive report on Tetra Bio-Pharma is available on the Momentum PR LinkedIn page.
If you would like more information on Tetra Bio-Pharma listed on the Canadian Securities Exchange under the symbol TBP with a market cap of C$ 70 million, or would like to arrange an interview with management please contact:
Momentum PR
Juliette Benard, Director Media Relations
+1.450.332.6939
About Momentum PR
Momentum PR is a cutting-edge public and investor relations consulting agency representing companies within the Canadian investment community.
Since 2009, Momentum PR has been servicing small and mid cap Canadian listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies through online and offline channels.
Disclaimer:
All editorial content contained herein is solely the responsibility of Momentum PR and does not reflect, in any way, the opinions of TheNewswire.ca Inc., its partner newswires and / or associated news services.
– See more at: The Newswire
- Published in Blog, Life Sciences, Medical Marijuana, News Home, Tetra Bio Pharma
Bank of Canada Governor Stephen Poloz: “Protectionism does not promote growth and its costs are steep”
Bank of Canada Governor Stephen Poloz: “Protectionism does not promote growth and its costs are steep”
May 7, 2017
It’s hard to say whether or not Canada is on the verge of a trade war with the United States. The Trump administration has imposed ruinous tariffs on Canadian soft wood lumber. In retaliation, on Friday May 5, 2017 Prime Minister Trudeau sent a letter to the government of British Columbia saying that it is considering banning American coal exports from the province, and applying tariffs to products originating in Oregon.
Now that it has attacked the Canadian dairy and softwood industries, the Trump administration is also considering aluminum. If Trump does decide to take trade action against aluminium imports, Rio Tinto is going to take a hit because it exports 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aluminium it produces to the States.
As small-minded xenophobia continues to drive economic and political policies in countries around the world, there is much to be feared. Economic protectionism has reared its ugly head with the presidency of Donald Trump. Irony abounds in these troubled times for those who bother to seek it out. During the recent past, American investment in Mexico has bolstered the Mexican economy to such an extent, that it reduced the number of undocumented Mexican workers smuggling themselves into America hoping for work. Now that the Mexican economy is starting to slow down, those numbers will start increasing again.
Trying to evaluate what this may mean for Canada is a moot point. If Trump decides to attack the Canadian car industry, Canada would suffer dire consequences. The car industry is a massive employer in Canada, and employs directly and indirectly one in seven Canadians. The Canadian Vehicle Manufacturers Association estimates that approximately 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the vehicles built in Canada are destined for the export market, with the majority – if not all – of those headed to America.
In Canada, Prime Minister Trudeau, has done his best as an advocate for world trade. On March 28, 2017, Bank of Canada governor Stephen Poloz gave a speech in his home town of Oshawa that furthered the argument. In his speech Poloz took six eras from Canadian history to prove his point that when Canada has open borders, the country flourishes and when it erects trade barriers in the form of tariffs, the country suffers. Backing up the points he makes is the observation that Canada needs immigration, open markets and foreign capital to thrive because the country is too large and the population too small to do it by itself.
This broad brush approach should come as no surprise to those who remember their history. Canada was founded on the fur trade. Poloz makes the case that when economies falter and protectionism – in the form of tariffs – increases, national economies stagnate and retreat.
Poloz’s two most salient points in his plea for the benefits of open trade may well be the miniature studies of the Great Depression and the 1965 Auto Pact. On the Depression Poloz says, “Meanwhile, in a bid to protect American workers and farmers from foreign competition, the US Congress pushed up the average tariff rate on dutiable goods to nearly 60 per cent by 1932. This policy backfired spectacularly. Most other countries, including Canada, retaliated with tariffs of their own. The trade war had no winners; everyone suffered as international shipments collapsed. Canadian trade fell by more than 50 per cent during the Depression; US trade, by 70 per cent.”
In contrast to the failed policies which deepened the Depression Poloz describes the 1965 Auto Pact like this: “The 1965 Auto Pact created a single, tightly linked market for automobiles and parts between the two countries. This gave Canadian producers both the opportunity to develop economies of scale and the ability to specialize production. Over the agreement’s first 40 years, auto production in Canada roughly tripled, while employment in the industry doubled.”
While much of the impetus for Brexit is based on the fear of an erosion of national sovereignty, it should also be noted that Poloz states that in relation to the 1988 NAFTA agreement: “Many Canadians resisted continental free trade, fearing job losses, the possible loss of our health care system, and a general loss of Canadian economic or even political sovereignty. None of these concerns have come to pass, although heightened competition did result in job losses in some sectors. But these losses were more than offset by gains in other areas, and consumers have continued to benefit from lower prices and increased purchasing power as most tariffs were eliminated.”
While the prospect of a punitive trade war looms, Trump is pushing forward with a trade deal between the United States and Japan. Is Trump playing tough to soften countries up for trade negotiations? At this point no one can really say. To read Poloz’s entire speech, click here.
By Noel Meyer
- Published in Blog