Crop Hits Important Milestone With Tenant Harvesting in California
Momentum Public Relations
Press Release: August 09, 2018
CROP Infrastructure Corp. (CSE: CROP) (OTCMKTS: CRXPF) (“CROP” or the “Company”)announced today that its tenant at the Humboldt County California property has started harvesting cannabis from 10,000 square feet of greenhouses.
The operation began in the first of five 2,000 square foot greenhouses and in the remaining four greenhouses harvesting will be at the rate of one per week. As each greenhouse’s cannabis is harvested, new starter plants will populate the free canopy space. Once the crops have all been taken down ,an additional 20,000 sq. ft of canopy crop will be harvested, at which time the plants should be mature.
CROP Infrastructure Director & CEO Michael Yorke states: “This is an exciting time at CROP as our California property’s tenant reaches its first harvest. First production is always a very important milestone as the results will be analyzed closely and will give an indication of what is not only achievable long term on this property, but also similar ones.”
About Humboldt Holdings LLC
Located in Humboldt County, California the property is 8.46 acres and currently houses a 10,000 square foot greenhouse as well as a barn, garage and residence. On site are five 5,000-gallon water tanks, a well and pump house and a 30 x 60 ft. drying shed. The property is zoned for a 10,000 square foot medical and a 20,000 square foot recreational cannabis license.
https://cropcorp.com/property/california/
About CROP
CROP Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution rights to a line of over 55 topical cannabis products from The Yield Growth Corp.
Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.comWebsite: www.cropcorp.comPhone: (604) 484-4206
- Published in Business, CROP Infrastructure, Medical Marijuana, News Home
CROP Has a 50% Net Royalty on “Air Chronic” Vaporizer Line
Momentum Public Relations
Press Release: August 07, 2018
CROP Infrastructure Corp. (CSE: CROP) (OTCMKTS: CRXPF) (“CROP” or the “Company”) is pleased to announce a 50% net royalty on the Air Chronic Vaporizer line now available for pre-order at www.AIRChronic.com.
Air Chronic Vaporizers are a high quality low cost product that can be used with cannabis, tobacco and oils and sell for $79.99 USD. CROP will fund and assist Air Chronic with a social media marketing campaign targeting influencers in the cannabis space in order to gain brand awareness for the line.
A 2017 global e-cigarette and vaporizer market analysis and trends report states that the market is poised to grow at a CAGR of around 20.8% over the next decade to reach approximately USD $61.4 billion by 2025. Some of the prominent trends that the market is witnessing include the combination of E-cigarette/Vapes and cannabis as well as improvements in device technology and product innovation.1
“Vaping” is short for “vaporization” and refers to a method of cannabis consumption in which the user inhales cannabis “vapor” or aerosol. To create this vapor the active compounds in cannabis are heated at low temperatures. Unlike with smoking cannabis, no combustion or burning takes place at these lower temperatures so there is no smoke; “the cannabis vaporizer appears to be an ideal harm-reduction approach to safer use,” researchers concluded in 2015. Another recent study concluded cannabis heated to 200°C vaporized THC without creating several carcinogens associated with combustion, including benzene, toluene and naphthalene. Some cannabis users prefer vaping over smoking because it involves less side effects and risks for the respiratory system.2
CROP Infrastructure Director & CEO Michael Yorke states: “CROP continues to diversify its portfolio of cannabis related assets with the addition of this net 50% royalty on the Air Chronic Vaporizer line. Vaping is an increasing trend amongst cannabis users due to its ease of use and number of benefits compared to traditional consumption methods. We are excited by the initial social interest in Air Chronic Vapes and are pleased to offer this quality product at an extremely competitive price compared to similar models.”
Please visit www.airchronic.com to pre-order and follow the company at instagram.com/air.chronic.
About CROP
CROP Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution rights to a line of over 55 topical cannabis products from The Yield Growth Corp.
Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206
- Published in Business, CROP Infrastructure, Medical Marijuana, News Home
CROP Provides Update on 25 Acre Hemp Farm in Italy
Momentum Public Relations
Press Release: August 02, 2018
CROP Infrastructure Corp. (CSE: CROP) (OTCMKTS: CRXPF) (“CROP” or the “Company”) provides the following update on the company’s joint venture; Xhemplar hemp farm in Italy. The 25-acre property was planted less than 50 days ago, has now produced approximately 600,000 healthy hemp plants. The plants are expected to be harvested in the next 20 days.
Furthermore, the joint venture has erected three drying facilities in the preparation for saleable dried hemp biomass. The company has also identified multiple locations for an extraction facility.
The joint venture’s high CBD hemp will be sold as biomass or processed into CBD isolate for international markets. The joint venture’s products will be branded under XHemplar and CROP brands Tiffany CBD and Hempire Italia.
According to Arcview Market Research and its partner, BDS Analytics, government-subsidized health care spending (worldwide market at $1.3-trillion) is expected to make Europe among the fastest growing and largest medical cannabis markets in the world. Arcview expects Italy to be the second largest cannabis market in Europe by 2027 with $1.2 billion in sales.
CROP Infrastructure Director & CEO Michael Yorke states: “The company is extremely encouraged by the fast pace of our partners at XHemplar having advanced into production in Italy. CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in California, Washington State, Nevada, Italy and Jamaica. CROP also holds minority interests in West Hollywood and San Bernardino dispensary applications. Management will continue to aggressively pursue new international opportunities and expand its portfolio of tenant growers and infrastructure assets in strategic jurisdictions.”
XHemplar Chairman and CROP Infrastructure VP of M&A, EMEA Andrea Castiglione states: “We’re looking forward to CROP building out the extraction facility and unlocking the true value of the hemp plant. In 2019 we will look to increase the scale of our operations and asset base in Italy with CROP Infrastructure.”
About CROP
CROP Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution rights to a line of over 55 cannabis topical products from The Yield Growth Corp.
- Published in Business, CROP Infrastructure, Medical Marijuana, News Home
Relevium & HempCo Sign Exclusive Product Agreement for PlanetHemp
Momentum Public Relations
Press Release: November 23, 2017
MONTREAL, QUEBEC–(Marketwired – Nov. 23, 2017) – Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”), a publicly-traded corporation strategically focused on creating value through the acquisition and development of e-brands, online businesses and e-retail technologies in the Health and Wellness space, is pleased to announce the signing of an exclusive brand and product assignment with HempCo Canada (“HempCo”) for the Planet Hemp brand.
Highlights
- Exclusive Brand and Product Assignment for the PlanetHemp brand
- Relevium will market PlanetHemp products in the US and UK
- Exclusivity for online sales through Amazon, Walmart/Jet and others
- Cooperate in developing new formulations and applications
- Initial 2-year term
Aurelio Useche, CEO of Relevium Technologies stated: “Initially announced on May 10, 2017, this Agreement has been a long time in the making.” Mr. Useche continued: “This Exclusivity Agreement could not come at a better time as people are gearing up for the Holiday Season, and the Relevium Operations Team is gearing up to help people with their post-Holiday wellness plans. Relevium is looking forward to bringing quality PlanetHempproducts to the US and UK in 2018. We also look forward to developing new products with the team at HempCo, especially as the regulatory environment for certain hemp and CBD-infused products becomes more favorable.”
Purpose
Relevium and HempCo have signed an Exclusive Brand and Product Assignment (the “Exclusivity Agreement“). The Exclusivity Agreement confirms that Relevium and HempCo intend to cooperate in the business development, branding, marketing and e-retailing of PlanetHemp and all the Hempco products. This includes proteins, seed, oils, natural bars, pet products and CBD-infused products currently sold by HempCo on a B2B basis and on a B2C basis, through its brand PlanetHemp. The parties have agreed to create value through exclusive e-retailing rights of PlanetHemp in the USA and UK through Amazon and its Website, as well as possible brand extension to sell in Jet, Flipkart, Alibaba and other online retail platforms such as Walmart.com and Costco.com.
Exclusivity
Relevium will sell and introduce new products under the PlanetHemp brand for the United States (USA) and the United Kingdom (UK) as per the above list of e-retailing venues only and unless otherwise approved in writing by HempCo. Additionally, and with HempCo written permission, Relevium might introduce parallel e-commerce brands of the same products in the same territories; for the purposes of pursuing business in platforms that would complement the market strategy and spirit of cooperation in this Agreement.
New Product Lines
In the spirit of cooperation Relevium and HempCo will cooperate in the development of new products, formulations as well as new applications for the Nutrition, Nutraceutical, Fitness Nutrition and Skin-Care markets, to ensure an ongoing pipeline of new products entering the market. Relevium and HempCo respectively have the technical and marketing expertise to develop and brand the exclusive products.
Term of Exclusivity
The initial term of this Agreement shall continue in full force and effect for a period of two (2) years (the “Initial Term”). Provided Relevium has complied with all the terms and conditions and achieved the Minimum Annual Performance Requirements, this Agreement shall be automatically renewed at the end of the Initial Term or any Renewal Term, as the case may be, on the same terms and conditions as set forth herein, save and except the Minimum Annual Performance Requirements which shall be increased in accordance with the terms, for successive periods of three (3) year(s) (in each case a “Renewal Term”).
MINIMUM ANNUAL PERFORMANCE REQUIREMENTS | ||
Year | Annual Period | Dollar Amount (CAD) |
1 UK | January 1, 2018 to December 31, 2019 | $200,000 |
2 UK | January 1, 2019 to December 31, 2020 | $400,000 |
1 USA | January 1, 2018 to December 31, 2019 | $600,000 |
2 USA | January 1, 2019 to December 31, 2020 | $1,200,000 |
total | $2,400,000 |
Cooperation Conditions
The parties have executed a final Agreement and will begin the process in an expeditious manner in order not to miss the post-holiday season in 2018.
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on several assumptions and is subject to several risks and uncertainties, many of which are beyond the Company’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Readers should not place undue reliance on forward-looking statements and forward-looking information and are cautioned that reliance on such information may not be appropriate for other purposes. 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.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
Website: www.releviumtechnologies.com
Relevium Technologies Inc.
Edward Ierfino
Investor Relations
(514) 562-1374
eierfino@releviumcorp.com
www.releviumtechnologies.com
- Published in Business, News Home, Relevium Technologies, Technology
Relevium, Salavenia to develop products for pets
Relevium Creates Alliance With Salavenia Nutrition and Biodevas Laboratoires to Develop an Exclusive Line of Phyto and Nutraceuticals for Pets
MONTREAL, QUEBEC–(Marketwired – Sept. 28, 2017) –Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”) is pleased to announce the launch of a joint cooperation with Salvenia Nutrition and Biodevas Laboratoires to develop an exclusive brand and product line of nutraceuticals and phytoceuticals targeted to Pet Care owners on a direct to consumer basis. Product and market development initiatives are expected to begin in October of this year with the objective of a preliminary launch by Spring of 2018 as a wholly-owned subsidiary of Relevium.
Relevium has retained Salvenia Nutrition (“Salvenia”), a Montreal based pet and livestock nutrition company, to lead the market research and the product line formulation process, which will consist of nutraceutical and phytoceutical based products. In addition to their long-standing expertise, Salvenia Nutrition is also an exclusive North American distributor of Biodevas Laboratoires, a leading manufacturer of veterinary Phytoceutical products based in France. Such exclusivity will be extended to Relevium’s newly developed product line for e-commerce for an initial 18-month period from the first product launch date, which is expected by spring of 2018.
Salvenia Nutrition with the assistance of a local nutraceutical formulation lab will develop new products in conjunction with the existing products currently available from the Biodevas Laboratoires.
Further updates will be issued as they become available.
Aurelio Useche, CEO of Relevium Technologies stated, “Much like their owners, pets can also suffer from nutritional deficiencies related to poor dietary intake. Keeping pets healthy and stronger requires nutritional supplements, a market that is estimated to be north of 16 billion in North America alone. We look forward to leveraging the expertise of Salvenia and Biodevas Laboratoires to develop a high quality product line to fill a real need in this market.”
About Relevium Technologies
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in Business, Financial Technology, Life Sciences, Relevium Technologies
Study: Mobile shopping and purchasing have become the norm worldwide
Study: Mobile shopping and purchasing have become the norm worldwide
Mobile Payments Today
http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
Mobile shopping and purchasing have become the norm across the globe as 75 percent of smartphone and tablet users said they have purchased a product or service on their devices in the past six months, according to new report from the Interactive Advertising Bureau.
The study, Mobile Commerce: A Global Perspective, is an in-depth survey of mobile users from 19 countries around the world, according to a press release about the report.
Among these recent mobile purchasers, nearly a quarter (23 percent) buy on mobile devices on a weekly basis. Mobile purchasers in Turkey and China report the greatest percentage of their total monthly purchases on smartphones or tablets (44 percent and 42 percent, respectively). Those in the U.K., Singapore, and Australia say they make a third or more of purchases on mobile screens.
Overall, 57 percent of the mobile purchasers surveyed say that they have been buying on mobile for over a year. More than a quarter (28 percent) made their first mobile purchase in the last six months. Austria, Peru, and Colombia are key new adopter markets, with significantly more consumers making their first purchase on mobile within the past year, followed by Mexico, France, Turkey, and Chile.
The mobile shopping experience, enhanced by the combination of convenience, time saving, and price, won high marks from the majority (80 percent) of those polled. Sixty-two percent plan to purchase more products and services via their smartphone or tablet in the next six months. Mobile purchasers in the U.K., Brazil, France, Ireland, and Peru expressed the greatest propensity for increasing their mobile shopping activities.
Seventy-six percent of mobile purchasers said that they had engaged with a mobile ad in the last six months. On average, 33 percent clicked on the ad to find out more information, while 28 percent clicked to visit the advertisers’ websites, and 21 percent clicked to purchase. Brazil, Canada, Colombia, the U.K., and the U.S. reported the highest levels of clicking to purchase.
Social media plays an important role. Sixty percent of mobile purchasers from around the world saying they often discover products and services to buy on social platforms. More than one-third (36 percent) of mobile purchasers leverage social media to share their mobile purchase experience.
“Pressing the ‘buy’ button on mobile devices is now a regular occurrence the world over,” said Anna Bager, senior vice president of mobile and video at IAB. “Marketers and media agencies need to fully embrace smartphones and tablets as a critical pathway for all shopping activities and increase investment if they want to build meaningful relationships with mobile consumers, driving them from discovery to purchase.”
View Original: http://www.mobilepaymentstoday.com/news/study-mobile-shopping-and-purchasing-have-become-the-norm-worldwide/
- Published in Blog, Business, Financial Technology, Mobile Technology, Technology
Gold Bull McEwen Sees Prices as High as $1,900 by End of Year
Gold Bull McEwen Sees Prices as High as $1,900 by End of Year
Frik Els – Bloomberg
http://www.bloomberg.com/news/articles/2016-09-20/gold-bull-mcewen-sees-prices-as-high-as-1-900-by-end-of-year
Robert McEwen, one of the gold’s industry’s most unabashed bulls, is predicting prices could surge as much as 44 percent by the end of the year as confidence in the economy buckles.
The metal could trade in a range of $1,700 an ounce to $1,900 by the end of 2016 as uncertainty builds around the stability of global currencies and sovereign debt, said McEwen, who’s so enamored by bullion that he’s founded two producers: McEwen Mining Inc. and Goldcorp Inc. Record-low global interest rates will cause a “huge amount of anxiety” for investors, who will turn to gold as a store of value and an alternative asset, he said.
Gold “is a currency that doesn’t have a liability attached to it,” McEwen said Tuesday in an interview at a gold conference in Colorado Springs. “A store of value that has gone for millennia. And the big argument against gold used to be it costs you money to store it. Right now, it’s costing you money to store your cash.”
Bullion’s 2016 rally comes after three straight annual losses. Prices have slumped 31 percent since reaching an all-time high of $1,923.70 in 2011.
McEwen is betting big on gold. As the chief executive officer of his eponymous company, he’s paid $1 a year and doesn’t receive bonuses, wagering that his share holdings will reap him ample rewards. He’s doing this at a time when many gold executives have expressed caution over the metal’s recent rebound as the wounds still feel fresh from the bear market that started in 2013.
This isn’t the first time McEwen, a 66-year-old former investment banker, has defied his own industry. In 2000, he launched an audacious experiment when he was at Vancouver-based Goldcorp. Offering $575,000 in awards, he threw open to the public more than five decades of proprietary data on the company’s under-performing Red Lake mine in Ontario and challenged geologists to locate the next 6 million ounces of gold.
Red Lake ended up becoming one of Goldcorp’s richest gold mines, producing more than $3 billion worth of the metal, he has said.
Prediction Redux
This also isn’t the first time that McEwen, who expects bullion could reach $5,000 in four years, has made bold predictions for prices. He gave the same outlook in 2009 and 2011 — the latter forecast came less than five months before gold peaked and then plunged as much as 46 percent to a five-year low reached in December 2015.
This time, McEwen expects a number of catalysts — from the U.S. election to instability at banks — could make his prediction come to fruition.
“You have many more people involved in the market than you ever have before — crowd psychology is there,” he said. “Reasons for anxiety are multiple than what we’ve had in the past and there will be a triggering event.”
As for the elections, McEwen said that no matter which candidate wins over the U.S. populace, it will be positive for prices. Voters take to the polls in November, when Donald Trump, the Republican presidential nominee, will go up against Democrat Hillary Clinton.
“Hillary has got a very accommodative platform,” McEwen said. “She’s made promises to every group you can imagine in the United States to give them money. Trump is less expansionary, but he’s unnerved a lot of people with his statements, so they don’t really look at this policies, they look at his rhetoric.”
View Original:
US$60 Million Financing Commitment for 1,000 IWS Systems in California
US$60 Million Financing Commitment for 1,000 IWS Systems in California
– Momentum Public Relations –
Press Release: August 25, 2016
International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI)(OTC PINK:INTWF) is pleased to announce a joint venture (“Joint Venture”) with RENEW Energy Partners LLC (“RENEW“) for the financing and installation of IWS’s world-leading thermal heat recovery equipment in the United States. The Joint Venture will initially build projects in California for which RENEW is committing funding of US$60 million over five years, for the purpose of funding capital expenditures for one thousand (1,000) PIRANHA thermal heat recovery systems (“PIRANHA“) to be built, installed and operated exclusively by IWS.
Background
RENEW is engaged in developing and funding energy and water efficiency retrofits and on-site clean energy projects through the use of innovative structures such as an Energy Services Agreement (ESA) or Power Purchase Agreement (PPA). Combining RENEW’s project finance expertise with IWS’s capabilities in the manufacturing, installation and servicing of thermal heat recovery equipment, enables the Joint Venture to offer a full suite of services for energy and water conservation projects and on-site clean energy projects. The Joint Venture aims to expand the implementation of energy efficiency and on-site clean energy projects throughout the United States.
The Joint Venture will fund and deploy IWS’s PIRANHA system, a self-contained heat pump that extracts thermal energy from wastewater for hot water production. The PIRANHA has been optimized for residential buildings with 50-200 units as well as stand-alone commercial applications, and was the recipient of the 2016 AHR Expo® Innovation Award for Green Building Innovation. The AHR Expo® is the world’s largest HVACR (Heating, Ventilating, Air Conditioning and Refrigeration) convention (see news release: http://goo.gl/ACsOZp).
Stephen Pritchard, principal and co-founder of RENEW said: “The combination of IWS’s expertise in the design, manufacture and operation of thermal heat recovery equipment, and RENEW’s project funding, deal structuring and project development expertise offers a new carbon reduction strategy for almost any building in the U.S. We view IWS as a world leader in the thermal energy recovery space, and are pleased to partner with them to accelerate the ‘turn-key’ deployment of their exciting PIRANHA technology in California – and the rest of the country. IWS and RENEW see exponential growth ahead with the commensurate benefit to the building owners and to the planet.”
Joint Venture – Scope and Schedule
The Joint Venture will finance, build, install and operate 1,000 PIRANHA systems, initially in the state of California and later extending to the rest of the U.S. RENEW will provide funding of US$60 million to fund the deployment of the PIRANHA systems over a period of five years (“US$60 MILLION PROGRAM“).
The purpose of the US$60 MILLION PROGRAM is to provide capital to fund turnkey installation and on-going operations and maintenance of PIRANHA systems for qualified residential and commercial buildings under a standardized Thermal Energy Purchase Agreement (“TEPA“) developed by RENEW. Under the terms of the TEPA, customers will enter into long-term supply agreements for low-cost, efficient energy, with no capital investment.
The proposed schedule for the deployment of 1,000 PIRANHA systems in California in the next 5 years is estimated as follows:
- Approx. 50 PIRANHA Systems in the first 12 months of the US$60 MILLION PROGRAM;
- Approx. 120 PIRANHA Systems in the second 12 months of the US$60 MILLION PROGRAM;
- Approx. 240 PIRANHA Systems in the third 12 months of the US$60 MILLION PROGRAM;
- Approx. 300 PIRANHA Systems per year thereafter.
IWS and RENEW will establish a special purpose vehicle (“SPV“) to own the individual PIRANHA projects financed by the US$60 MILLION PROGRAM. The SPV will sign a master agreement with IWS for the exclusive design, build and commissioning of PIRANHA systems and for the operation and maintenance services throughout the life of the systems.
The SPV will be the investing and operating entity for the Joint Venture. RENEW and IWS will jointly participate in the project returns from energy sales through cash flow distributions from the SPV, with the related terms of distribution to be included in a definitive agreement between IWS and RENEW.
Charles Lord, principal and co-founder of RENEW said: “Waiting to implement energy-efficiency projects costs building owners money and wastes precious time in the fight against climate change. So the pivotal question is – why delay? With the PIRANHA Thermal Energy Purchase Agreement, we will deliver building owners lower energy costs with no capital investment and immediate lasting carbon reductions.” “Energy efficiency is one of the great weapons at our disposal to slow global warming. It is imperative that we put it to use immediately, and at scale, to limit the most dramatic effects of global climate change. RENEW is thrilled to be partnering with IWS on a ‘RENEW It Now’ funding program to drive the rapid deployment of IWS’s thermal energy recovery systems throughout California – and ultimately the entire United States.”
Lynn Mueller, CEO of IWS commented: “IWS is privileged to work with RENEW and its Principals; their expertise in the financing of alternative energy projects, and their access to capital, provides IWS with a strong platform to roll out IWS systems in the U.S. market. IWS will earn revenue from the design, build and commissioning of PIRANHA systems as well as recurring revenues for the on-going operation and maintenance services throughout the life of the systems. In addition to these revenue streams, IWS will receive long-term income from its share of cash flow distributions from energy sales.”
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
About RENEW Energy Partners LLC
Renew Energy Partners’ management team offers deep expertise in deep energy retrofit analysis and optimization, energy efficiency programs, project management and implementation, and energy finance solutions. We combine our experience with the expertise of a network of best-in-class energy service partners to assess, design, install, and maintain energy efficient systems.
- Published in Business, Energy, Green Technology, International Wastewater Systems, News Home
Bogner Report: Equitas (EQT:tsxv) uncovers high-grade gold at surface
Bogner Report: Equitas uncovers high-grade gold at surface
– Momentum Public Relations – July 6, 2016
Stephan Bogner |
This is significant when considering that most gold open pits worldwide operate with average grades between 0.7 g/t and 2 g/t. The significance of today’s results are perfectly summed up by VP Exploration, Everett Makela: “All eight of the intersections achieved to date are worthy of follow-up, as the saprolite can be directly excavated on surface and trucked to a processing plant, without the need for drilling and blasting.”
The Baldo Zone is already in moderate sluice-box production, set to expand significantly with plans for a new gravity and CIL processing plant. The current exploration program has been designed to increase resources and provide further information to support open pit development. If today’s results are any indication, the best could be yet to come: 31 HQ holes have been recently drilled with assays pending. As a result of today’s assays, management has announced that they intend to expand the current drilling program.
Figure 1: Baldo Target at the Cajueiro Project
Today’s initial results from Equitas’ exploration program on its newly acquired Cajueiro Property are surprisingly high-grade, or as Equitas put it: “The program has significantly changed the interpretation of prospective altered and mineralized structures in the target area, as shown in Figure 2 below.”
To date, 1,680 m of trenching in 9 trenches and 31 HQ diamond drill holes totaling 1,585 m (51 m per hole on average) have been completed in the Baldo target area. Assays from 24 trench samples are still pending. Assays from all 31 drill holes are pending. More work, including diamond drilling, auger drilling and trenching, is set to commence. Thus, an increased flow of updates from the activities, including assays, is expected over the short-term, potentially hand in hand with a further appreciation of gold prices.
Prospecting for alluvials at the Baldo Zone in June 2016
Chris Harris, President and CEO of Equitas, said today: “We are very encouraged by the strong trenching results from the Baldo area, with results ranging from 1.16 g/t Au up to 24.26 g/t Au. This provides good support for the Company’s focus on fast track gold production and potential for further upgrading of the resource. The team has completed the initial exploration programme on time, and on budget, and with these exciting results we have decided to extend our drilling programme. We are well positioned for further news with all of our drilling results yet to come in.”
Everett Makela, VP Exploration, added: “Results so far have confirmed our expectation that the oxidized saprolite component of the bedrock mineralization at Baldo is host to significant gold concentrations. All eight of the intersections achieved to date are worthy of follow-up, as the saprolite can be directly excavated on surface and trucked to a processing plant, without the need for drilling and blasting. The high grade intervals in trenches TCBL_0003 and TCBL_0004 appear to represent a corresponding increase in structural complexity that adds an exciting new element to the Baldo environment. I would also emphasize that a majority of the assay results have yet to be received, so there is considerable new information still to come from this exploration program.”
Interestingly, the goal of the initial exploration program was to prove the oxide potential of the Baldo deposit as, until now, only the alluvium has been mined sporadically. Previous mapping and surface sampling has revealed the Baldo area as host to widespread gold mineralization in the saprolite.
To date, 3 additional target signatures similar to the current focus area have been identified. Targets will be reviewed in detail and ranked in preparation for upcoming exploration programs.
The trenching program targeted gold mineralization in the near-surface saprolite (the oxidized equivalent of hydrothermally altered bedrock structures hosting gold mineralization with associated pyrite and quartz veining). Assays received to date, for trenches #1 to #5 inclusive a portion of #6 and #7, have identified 8 discrete intervals of interest, as listed in the table below.
Figure 2: Plan view of Baldo target area with new geological interpretation, trenches, drill hole traces and current intersections of interest
Observations of the high grade areas in trenches #3 and #4 indicate that this mineralization and associated alteration may have been focused by a combination of NE and EW deformation events. Further delineation of the high-grade intervals is in progress with diamond drilling, auger drilling and trench sampling. Final results and an updated structural interpretation will be announced when completed. It is anticipated that a follow-up program of resource definition and further exploration will commence once all results have been received and incorporated into the model.
Fast Track to Gold Production
Last month, Equitas signed a long term funding term sheet for $6million USD, $5million a revolving gold prepay and a $1million equity financing from the well reputed private equity fund Cartesian Capital Group (founders of AIG Capital). Cartesian showed great long term support as their equity portion is locked up for 18 months. Hence, this funding partnership gives Equitas the ability to grow their gold production as rapidly as they choose to. With the revolving factor in place this could give Equitas the opportunity of possibly acquiring other near-term gold projects nearby.
This year they plan on constructing a gravity and CIL plant, and sometime next year they plan to mutiply these plants on other zones of the Cajueiro project. The processing plants should increase gold output significantly and could lift the company to a strong/positive cash-flow position. In Equitas’ corporate presentation they state that the first gravity plant will put the company at a self-sustaining position. The production from the CIL plant is projected to put the company into a cash-flow position where they can then grow organically.
With assays from 31 drill holes pending, metallurgical results from a 100kg sample of gold-mineralized saprolite; additional drilling and trenching, the exciting times are just getting started for Equitas and its shareholders.
Core from sulphide-oxide transition zone, Baldo June 2016
Richard Crew and VP Exploration Everett Makela at Layne drill rig, Baldo June 2016
Everett Makela reviews Baldo core, June 2016
As noted in “Ready to make money as an incrementally growing gold miner” (April 27, 2016):
The gravity plant is expected to cost $300,000 USD and has a general production capacity of roughly 3,000 ounces (“oz”) of gold annually. Hence with gold selling for $1,200 USD, Equitas could generate $300,000 USD monthly. The annual production capacity of a CIL plant (~$2 million USD) is roughly between 10,000 and 12,000 oz of gold. Potentially, 1 CIL plant and 1-2 gravity plants could be added each year for the next 4 years, resulting in an annual output of >60,000 oz. This significant production growth potential over the next few years is providing shareholders with an exciting opportunity.
According to an interview between Chris Parry and Equitas’ CEO Chris Harris, Brazil now offers tremendous opportunities, especially for such low-cost, close to surface, open pit gold deposits amenable for rapid development and expansion.For example, Equitas’ drilling costs currently stand at less than $100 USD per meter (a fraction of the costs a few years ago or when compared to North America), whereas the capital costs for the gravity plant are said to have fallen by more than 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over the last year. Such cost compressions in Brazil will result in much faster payback periods and higher profitability.
Water is readily available from a nearby river, whereas a new hydro dam will supply the area with cheap electricity within the next 2 years, which may drive down the mine’s operating costs significantly and potentially make this area a world-class mining district, in which Equitas now controls major land holdings.The recently secured funding could partly be used for new acquisition opportunities in Brazil.Equitas’ team in Brazil is highly experienced in gold exploration, development and mining, with a strong track-record in South America including Brazil.
Trench reclamation at the Baldo Zone in June 2016
Major milestones ahead
First, Equitas will acquire and install a gravity plant to process the saprolite mineralization from the Baldo Zone. Once permits and the necessary supply agreements are in hand, the second phase of the plan envisions the construction of a CIL plant between the Baldo and Crente Zones. These 2 zones are less than 1 km apart. Initial metallurgical test work indicates that in excess of 85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} gold recovery can be achieved through gravity separation and cyanide leaching.
The 3rd phase would be to increase production Cajueiro under a full production licence. Rockstone expects that this could be funded through operating cash-flows. This could mean that no further equity dilution is targeted. To achieve this, the plan is to put the Baldo and Crente Zones into dual production through CIL and gravity plants.While Baldo already produces gold with a “modest” rate, Crente is set to be tied into the Baldo production.
Other target areas on Cajueiro are also highly prospective, with previous artisanal mining activity across the property.
The Juruena gold belt has historic artisanal regional gold production of 7-10 million oz and its considered a recognized mining friendly jurisdiction.Several major miners have an active presence (e.g. Vale, Anglo, BHP Billiton, Anglogold, Kinross). Brazil owns the 7th largest gold reserves globally. The country produced >$6.5 billion worth of gold in 2012, yet a large proportion of the country is under-explored and as such is offering a distinguished opportunity through the use of modern exploration and mining technologies. Brazil is ranked 3/12 of its regional countries for doing good business. Brazil is the world’s 6th largest economy and 5th largest by population. It is rated investment grade by both S&P and Moody’s. Net inflows of foreign investment have increased by a factor of >5 (from $12 billion in 2003 to $67 billion in 2011). Brazilian mining law includes a 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} royalty fee on gold, transparent title and highly competitive tax rates. Brazil’s economy has been on a downtrend for a handful of years.
Rockstone believes this all makes for a very rare and exceptional opportunity to rapidly develop, grow and acquire additional projects within Central Brazil.
Everett Makela examining trench excavation in June 2016
Trenching at the Baldo Zone in June 2016
Equitas Resources Corp.’s objective is to create shareholder value through new mineral discoveries and through expansion of current gold mining operations. With a strong management team in place and excellent strategic partners to support the company‘s success, Equitas is primed to become a cashflow positive company while proving substantial blue-sky resource potential.
Equitas Resources Corp.
1450 – 789 W Pender Street
Vancouver, BC, Canada V6C 1H2
Phone: +1 604 681 1568
Email: skingsley@equitasresources.com
www.equitasresources.com
Shares Issued & Outstanding: 213,819,243
Canadian Symbol (TSX.V): EQT
Current Price: $0.085 CAD (July 5, 2016)
Market Capitalization: $18 million CAD
German Symbol / WKN (Frankfurt): T6UN / A12CWK
Current Price: €0.046 EUR (July 5, 2016)
Market Capitalization: €10 million EUR
Read more at http://www.stockhouse.com/opinion/independent-reports/2016/07/06/bogner-report-equitas-uncovers-high-grade-gold-surface#5h6z37jQ0eXUiwJV.99
- Published in Blog, Business, Equitas Resources, Mining
BonTerra Commences 10,000 Meter Resource Development Drill Program on its 100 Owned Gladiator Gold Project
BonTerra Commences 10,000 Meter Resource Development Drill Program on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Owned Gladiator Gold Project in Quebec, Canada
– Momentum Public Relations – June 20th, 2016
BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that a 2016 Summer Resource Development and Exploration Drill Program has commenced on its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project located north of Val d’Or, Québec. The exploration program will include up to 10,000 meters focused on the eastern extension of the Gladiator Project along strike and at depth of the Main and Footwall zones. The Company recently completed approximately 10,000 meters on the western extension of the Gladiator Project, which remains open to the west.
Nav Dhaliwal, President and CEO of BonTerra, stated: “Over the last year we have changed the exploration landscape of the Urban Barry Camp by increasing our land position by over 170{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and expanding the previously known limits of our Gladiator Gold Project by 450m in strike length to the west and to a total depth of 450m. In addition, we have successfully raised close to $6 million with key investors, completed the purchase of the Larder Lake Gold Project in Ontario, and recently announced a strategic financing of up to $5 million to now test the eastern extension of Gladiator. Based on our experience and knowledge of the gold system at Gladiator from our 2016 Winter Drill Program, we can apply our knowledge towards the eastern part of our expanded land position in the Urban Barry Camp that we strategically secured in early 2016. The Gladiator gold system continues to demonstrate the makings of a sizable deposit, where significant ounces may potentially be added to our current gold resource.”
At the Larder Lake Gold Project, BonTerra is currently compiling an extensive historical database completed by Gold Fields Limited when in their previous joint venture with Kerr Mines. This work is now being incorporated into BonTerra’s system and will help to guide future drill programs at the Larder camp to understand the significant historical gold resource.BonTerra Resources Quick Facts:
- -7,563-hectare (Gladiator Project) in the Urban-Barry Camp in Québec containing:
- -Using a 4 g/t Au cut-off grade, the project currently contains an inferred resource of 905,000 tonnes, grading 9.37 g/t Au for 273,000 ounces of gold. Of note, ~90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the worlds operating mines have an average gold grade less than 8 g/t. Mineral Resource Estimate and technical report filed July 27, 2012, Snowden Mining Consultants. -2016 Exploration Program underway – up to 25,000 meters utilizing minimum of two drill rigs at its 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} owned Gladiator Gold Project to expand current gold resource.
-2,165-hectare (Larder Property) in the Cadillac-Larder Break camp in Ontario (refer to March 17, 2016 news release highlighting historical gold resource).
Dale Ginn, P.Geo. has approved the information contained in this release. Mr. Ginn is a Director and Vice-President Exploration for BonTerra and is a Qualified Person as defined by NI 43-101.
- Published in BonTerra Resources, Business, News Home