Energy Efficiency Firm Expands into the Caribbean

Source: Streetwise Reports 07/18/2018

Company completes installations on refrigeration and air conditioning in Jamaica.

Ted Konyi, CEO of Smartcool Systems Inc. (SSC:TSX.; SSCFF:OTC; R3W:Frankfurt), announced in a July 17 press release that the company has completed installations at a grocery store and at a large fruit beverage manufacturer in Jamaica.

“An installation of Smartcool’s proprietary ESM technology on a 50-ton AAON rooftop packaged A/C unit controlled by an Emerson E2 digital panel has yielded 34 percent savings amounting to 500 kWh per day reduction,” said the press release.

The implementation of Smartcool’s ESM generated better than average expected savings as result of the digital capability of the system. The grocery store opened about 18 months ago with some of the most advanced operating systems.

“We are very excited about these results and the client is extremely satisfied having generated better than anticipated savings,” said Konyi. “Our proprietary technology is showing itself to be extremely effective on these newer systems with digital scroll compressors. The ability to infinitely vary the compressor speeds allows Smartcool’s technology to generate even better optimization than on traditional analogue systems.”

The second installation was at a fruit beverage maker with six cold rooms and two freezer rooms, said the press release.

“Measured savings at these installations exceeded 20 percent,” the company stated. “Ten ECO3 systems were installed at this facility. This manufacturer has three additional locations that are currently being surveyed for the application of Smartcool’s technology.”

Like most of the Caribbean Islands, Jamaica relies primarily on diesel generated power for its electricity requirements.

“As such, the cost of power is very high and incorporates a surcharge tied to the price of oil. Current rates are about USD $0.35/kWh,” said the company press release.

These high electricity rates combined with a year-round need for air-conditioning provide Smartcool with opportunities to assist clients with energy savings and reduced carbon footprint.

“We are currently operating 10 introductory projects in Jamaica,” said Caribbean EVP Sales Frank Lawrence. “These include fast food restaurants, food processors, grocery stores and resorts. Many of these are multi-location companies that should yield significant sales growth for the company and savings for the clients. We are also now starting to introduce the Smartcool products into other Caribbean islands where power costs are very high as well.”

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Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Smartcool Systems. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Smartcool Systems. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Smartcool Systems, a company mentioned in this article.

( Companies Mentioned: SSC:TSX.; SSCFF:OTC; R3W:Frankfurt,
)

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From:: The Energy Report

Renewable Energy Company Announces Contracting of M&A Transactions Partner

Source: Streetwise Reports 07/18/2018

Transactions contemplated include creation of new public company for three business segments.

Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC) announced in a July 18 press release that it has engaged, subject to Toronto Stock Exchange approval, Ascenta Finance Corp., for the sole purpose of exploring Mergers and Acquisitions transaction opportunities with existing public companies regarding the optimization of its four operating divisions.

“Specific transactions being contemplated are: the creation of a new public company to dividend out the Montalva Solar Project as a pure play renewable energy producer; the creation of a public company for the other three business segments; or the acquisition or merger of Greenbriar with other similar public companies in at least one of the four business segments,” the company stated. “The remuneration is 30,000 shares per quarter for a period of 12 months. The objective is to maximize shareholder value given the anticipated success and completion of all four segments.”

Greenbriar’s predecessor, Western Wind Energy Corp., had Ascenta Finance Corp. as its original investment banker and was instrumental in providing over $40 million of public equity support and a deep engagement of institutional shareholders, according to the company.

“Because of our prior relationship with Jeff and Western Wind, we are thrilled to be engaged by Greenbriar and working with [Greenbrier Capital Corp. Chief Executive Officer and Director] Jeff [Ciachurski] once again,” said Marshall Farris, president of Ascenta Finance. “Jeff and his team have an industry-recognized track record of creating significant shareholder value in the renewable energy space. We are excited to have the opportunity to leverage the Company’s experience, expertise and the diversification of Greenbriar’s assets to maximize investment returns for all stakeholders.”

Greenbriar Capital Corp has distinguished itself as a developer of renewable energy, sustainable real estate, real estate blockchain, and smart energy products.

“With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value,” the company stated.

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Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Greenbriar Capital. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Greenbriar Capital, a company mentioned in this article.

( Companies Mentioned: GRB:TSX.V; GEBRF:OTC,
)

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From:: The Energy Report

Renewable Energy Tech Company Establishes Distribution Partnership

Source: Streetwise Reports 07/17/2018

Firm picks partner with Middle East experience.

The Calgary, Canada-based renewable energy tech company Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) introduced Icarus Enerji Ltd. as its distribution partner covering Turkey, the Middle East, Africa and Central Asia, in a July 12 press release.

“Icarus has extensive experience in solar and renewable energy with expertise in moving products in the Middle East,” said Justin Holland, Chief Executive Officer at Eguana Technologies. “The region is relatively untapped from a storage perspective and we are looking forward to distributing Eguana products through Icarus’ local networks.”

Icarus was founded in 2016 by a group of international renewable energy executives who served in the solar energy business for more than 16 years in several international companies and managed in over 92 countries at Executive levels.

The company has also been involved in specifically Li-Ion battery technologies for several years.

“Eguana’s residential ‘Evolve’ product’s simple modular approach will do very well in Middle East markets,” said Eren Engur and Hakki Karacaoglan, cofounders of Icarus. “Being partnered with LG Chem and endorsed by Mercedes Benz Energy confirms the reliability and performance we were looking for in our storage solutions.”

With its worldwide presence, Eguana aims to provide high-quality services to its partners globally, said the company in the press release,

Eguana Technologies designs and manufactures high performance residential and commercial energy storage systems.

“With two decades of experience delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, Eguana delivers proven, durable, high quality solutions from its high capacity manufacturing facilities in Europe and North America,” stated the press release.

With thousands of its proprietary energy storage inverters in the European and North American markets, Eguana is a leading supplier of energy storage solutions for solar self-consumption, grid services and demand charge applications at the grid edge, it said.

To learn more, visit www.EguanaTech.com or follow Twitter @EguanaTech

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Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Eguana Technologies. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies, a company mentioned in this article.

( Companies Mentioned: EGT:TSX.V; EGTYF:OTCQB,
)

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From:: The Energy Report

Construction Update for Idaho Cobalt Project Released

Source: Streetwise Reports 07/17/2018

Critical equipment and power have been delivered to site; the pouring of concrete has commenced.

In a July 12 press release, eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE) provided an update on construction progress at the company’s 100% owned Idaho Cobalt Project (the ICP), located near the town of Salmon, in the heart of the historic Idaho Cobalt Belt.

The ICP remains the sole, near-term environmentally permitted primary cobalt deposit in the United States, said the press release.

“Construction activities continue at the mine site and we are expanding our production-ready team as we advance the ICP towards production,” said Paul Farquharson, president and CEO of eCobalt. “Activities are ramping up with delivery of critical equipment to site for the construction and finalization of all environmental systems. We have energized the main transformer with installed grid power now operational.”

The concrete plant is on site and the company has begun constructing foundations for the water treatment plant, said Farquharson.

“Furthermore, I am pleased to report that we continue to attract talented individuals possessing a high level of operational expertise, with a total head count of 29 in our Salmon, Idaho office,” he said. “It is through our team’s hard work and commitment that we have made excellent progress at the ICP to date.”

Completed works at the mine site includes delivery of over 70,000 tons of crushed aggregate to the site for construction activities, engineering, fabrication and delivery of the water treatment plant, preparation of the water treatment plant site for building construction and provisions on site for emergency medical services,” said the press release.

Work in progress includes: installation of liners for the Tailings Waste Storage Facility (TWSF) and water management ponds, installation of the potable water wells and distribution system, completing building pads for the crusher and concentrator, establishment of a construction workforce camp near the property, access road improvement projects and planning and procurement in preparation for construction of production facilities.

“The company’s main objective is to ensure that all environmental systems are in place to manage mine water and waste rock prior to commencing underground operations,” said the press release.

These systems include the ground water protection wells, piping and instrumentation, installation of the liners on the TWSF and water storage Ponds, and the completion of all access and maintenance roads.

“These activities are part of the use of proceeds from the February 2018 public offering and, due to weather delays earlier this spring, are now anticipated to be completed in early fourth quarter of 2018,” said the press release.

In support of these efforts, the company said it recently hired additional senior support personnel. Positions currently filled include Vice President / General Manager, Process Manager, HR Manager, Controller, Process Control Foreman, Senior Metallurgist, Mill & WTP Superintendents, Environmental Manager & Technicians, Health & Safety Manager and Coordinators, Field Project Manager, Senior Geologist and Purchasing Superintendent.

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Disclosure:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: eCobalt Solutions. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: ECS:TSX; ECSIF:OTCQX; ECO:FSE,
)

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From:: The Energy Report

Oil & Gas Firm Buys Full Working Interest in Texas Wells, Gaining Flexibility

Source: Streetwise Reports 07/17/2018

Management believes this transaction adds value for the company’s shareholders.

Amazing Energy Oil & Gas Co. (AMAZ:OTCQX) acquired the remaining working interest in its 23 wells in Section 91 for 3,617,556 shares of restricted common stock. CEO William McAndrew noted that “incremental additions to our ownership position continue to add value for Amazing shareholders.” The wells are located in the Permian Basin in Texas.

The strategic move affords Amazing “maximum flexibility in terms of developing the project,” McAndrew added. He noted that the most compelling areas in the play are the “average 30–50 feet of potential pay thickness” in the Queen Formation and three zones with potential in the Seven Rivers and Yates formations.

These now fully owned wells in Section 91 will undergo recompletion as part of Amazing’s ongoing “chemical squeeze and rework program.” This will take place after the late September completion of the 90-day initial test on the #31 well. Preliminary results showed a 60% daily production increase.

In other news, Amazing has eliminated all debt as of July 2018 except for what it owes to president/chairman Jed Miesner and his companies.

“Strengthening our balance sheet, corporate strategy and controls are the initiatives that remain vital to and will foster Amazing’s growth,” McAndrew said.

Read what other experts are saying about:

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Amazing Energy. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Amazing Energy. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Amazing Energy, a company mentioned in this article.

( Companies Mentioned: AMAZ:OTCQX,
)

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From:: The Energy Report

‘Leading Uranium Developer in the USA’ Gets Upgraded to ‘Buy’

Source: Streetwise Reports 07/16/2018

An Eight Capital report discussed the company’s flagship assets following a recent visit.

In a research note dated July 16, 2018, analyst David Talbot reported that Eight Capital upgraded its rating on Azarga Uranium Corp. (AZZ:TSX) to Buy from Neutral and raised its target price to CA$0.40 per share from CA$0.30. The stock price is currently CA$0.27 per share.

These changes came following Eight Capital’s visit to Azarga’s flagship Dewey Burdock and Dewey Terrace properties in South Dakota and Wyoming, from which Talbot came away “quite impressed.”

As for Dewey Burdock, Talbot wrote, “we affirm [it] is one of the best undeveloped in situ recovery (ISR) projects in the U.S.” There, Azarga plans to produce up to 9.7 million pounds (9.7 Mlb) of uranium over 11 years at a cash cost of US$18.86 per pound. Projections show a pretax 8% net present value of US$149 million (US$149M) and a 67% internal rate of return based on US$65 per pound uranium. Capex would be “low” initially, at US$27M, as toll milling would take place at a nearby ISR plant.

The uranium mineralization at Dewey Burdock is associated with vanadium, and a 2015 PEA leachability test suggested vanadium recoveries of 70–5%, relayed Talbot. Thus, the potential to mine vanadium from the project exists.

An updated preliminary economic assessment (PEA) on Dewey Burdock is expected in Q4/18, following a resource update in Q3/18. “Dewey Burdock is robust, with a mineralized footprint likely having doubled since the initial resource and PEA was completed in 2015,” Talbot wrote. “Uranium prices permitting, we could see wellfield deployment as early as 2019.”

Talbot indicated that in the interim, Azarga continues to work toward obtaining its final Environmental Protection Agency Permit. First, it must resolve the issue of its application for a Nuclear Regulatory License (NRC) being in contention. The NRC indicated it will respond by July 23, 2018. The Oglala Sioux tribe has until Aug 17, 2018, to do the same. The Atomic Safety and Licensing Board, the ultimate arbiter on the NRC, could make its final decision in mid-September, at the earliest. The analyst relayed that the “worst case is this drags out to May 2019, but this might better align with Dewey Burdock development plans.”

As for Azarga’s other property, Dewey Terrace, it “may be a potential satellite operation to complement a central processing facility at Dewey Burdock,” said Talbot.

He reiterated that Azarga’s recent acquisition of URZ Energy bolstered the company’s project pipeline, as it gained the Gas Hills and Juniper Ridge assets. On the roughly 13 million pounds of uranium resources gotten from URZ, Eight Capital revalued it in situ at CA$0.50 per pound, up from CA$0.25. Via the acquisition, Azarga also gained “financing, marketing, development and production experience,” which, Talbot suggested, “should be useful in the advancement of Dewey Burdock and its nearby satellite deposits.”

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azarga Uranium, a company mentioned in this article.

Disclosures from Eight Capital, Azarga Uranium Corp., Rating Change, July 16, 2018

Conflicts of Interest: Eight Capital has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses. The compensation of each Research Analyst/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria, the quality of research and the value of the services they provide to clients of Eight Capital. The Research Analyst compensation pool includes revenues from several sources, including sales, trading and investment banking. Research analysts and associates do not receive compensation based upon revenues from specific investment banking transactions.

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From:: The Energy Report

After Blockbuster Maiden Lithium Resource, How Will PEA Look?

http://EpsteinResearch.com/wp-content/uploads/2019/06/Screen-Shot-2018-07-11-at-6.02.12-AM.png

Source: Peter Epstein for Streetwise Reports 07/11/2018

Peter Epstein of Epstein Research speaks with the CEO of a lithium explorer that plans to release a PEA on its Nevada project soon.

The following interview of CEO Bill Willoughby, Phd, PE of Cypress Development Corp. (CYP:TSX.V; CYDVF:OTCQB; C1Z1:FSE) was conducted by phone and email over about a one week period ended July 11th. I’ve written several articles about this Epstein Research website sponsor—so far management has delivered on promises. In June, the company delivered a maiden lithium resource estimate of 3.3 Million tonnes (Mt) Lithium Carbonate Equivalent (LCE) in the NI 43-101 Indicated category, plus 2.9 Mt LCE Inferred.

Cypress has the third largest lithium resource in North America, but the lithium is hosted in clay, and no clay-hosted lithium projects have reached commercial production. However, that’s very likely to change as Bacanora Minerals’ (BFS-stage) Sonora, Mexico, clay project is expected to start production in about two years and unconventional/clay projects owned by Global Geoscience and Lithium Americas, (both at PFS stage, both in Nevada), could commence production within three to four years.

Cypress is just weeks away from reporting key metrics of a PEA. Lithium Americas recently delivered key PFS metrics on its Thacker Pass clay project, including an after-tax NPV(8%) of ~C$3.4 billion and IRR of 29.3%. That’s based on a two-stage production ramp up reaching 60,000 tonnes per year LCE in 2026.

Cypress is contemplating less than 60,000 tonnes/year in its upcoming PEA, but if it can demonstrate attractive op-ex with relatively moderate cap-ex needs, a NPV well into the hundreds of millions of Canadian dollars seems likely. Compare that to Cypress Development’s market cap of ~C$22 million.

Without further preamble, here’s the exclusive interview with CEO Bill Willoughby.

There’s been a lot of good news at Cypress Development Corp., a maiden lithium resource estimate and rapid progress on a PEA (expected in next several weeks). Let’s start with the maiden resource; what are the key takeaways?

We have a very significant resource. It’s been a little over a year since Cypress started drilling and we have an NI 43-101 compliant Indicated resource of 697 Mt at 886 ppm lithium. This alone equates to 3.3 Mt Lithium Carbonate Equivalent (LCE). And, we have another 2.9 Mt LCE in the Inferred category, making our overall project (we believe) the third largest lithium resource in North America.

Most drill holes ended in mineralization, so additional drilling could grow the resource, and well placed holes could increase overall grade and improve the proportion of Indicated vs. Inferred tonnes.

The technical report shows what we’re calling a “preliminary pit,” where our consultants at GRE outlined nearly 200 Mt of clay around some of the higher-grade holes. So, it looks like there will be room in the PEA to optimize grade by selective mining.

In the chart below, a cut-off of 900 ppm Li generates an average Li grade of 1,126 ppm and ~36 years of production at 20,000 tonnes/yr. from the Indicated category only (i.e., not including Inferred). This gives us substantial tonnage as a starting point for our PEA.

http://EpsteinResearch.com/wp-content/uploads/2019/06/Screen-Shot-2018-07-11-at-6.51.36-AM.png

A resource estimate by itself is not an economic study, but it does contain an economic basis in the form of a third-party (GRE) selected cut-off grade. The economic premise for our project depends upon metallurgy, and specifically that the lithium is in an acid-leachable clay. So far, we’ve done metallurgical bench tests on material from three drill holes, two of which are within the preliminary pit shell.

Tests show that lithium can be leached rapidly with relatively low acid consumption. If this were not the case, it’s doubtful we would be moving ahead at the pace we are.

While it’s exciting that a PEA is expected within weeks, what’s the rush to get it out? Aren’t there a number of open questions on metallurgy and the process flow sheet that need to be answered?

We see a good project and the steps ahead include more drilling and environmental studies. While we don’t need these steps to complete the PEA, we need the PEA to define the scope of the project so that we can keep it moving in these other areas.

http://EpsteinResearch.com/wp-content/uploads/2019/06/Screen-Shot-2018-07-11-at-6.04.12-AM.png

As for metallurgy, we already have enough information in hand for the PEA. We know our flow sheet, which includes agitated tank leaching using sulfuric acid. We know our options on how to treat leach solutions and arrive at an end product, whether lithium carbonate or hydroxide. We know we have more work to do and questions to answer.

Cypress is sitting on a “clay-hosted lithium” project. There’s no meaningful lithium production anywhere in the world from clay. Why have clay-hosted projects been so difficult?

The process we are planning—agitated tank leaching—is quite conventional. We’re talking about lithium, which doesn’t have a long history in mining. The world’s very first lithium brine operation started just 50 years ago, and that was next to us in Clayton Valley, Nevada, at Albemarle Corp.’s Silver Peak.

It’s very true that clay-hosted deposits have been very difficult to exploit. The deposit you’re probably thinking about is Kings Valley, in northern Nevada. That deposit is very good grade but contains the clay mineral hectorite, which requires heating to high temperatures to leach the lithium. Until the recent rise in prices, the economics for a hectorite project weren’t there.

Lithium Americas, owner of Kings Valley, just in the last year announced a very large resource at Thacker Pass that is not hectorite and is acid leachable. A company working west of Silver Peak, Global Geoscience, is also pursuing acid leachable lithium at its unconventional deposit, Rhyolite Ridge.

http://EpsteinResearch.com/wp-content/uploads/2019/06/Screen-Shot-2018-07-11-at-6.08.44-AM.png

As far as processing goes, the idea of acid leaching clay is quite common. For Clayton Valley we are …read more

From:: The Energy Report

‘Potential Low-Cost Uranium, Vanadium Producer’ Warrants a Look

Source: Streetwise Reports 07/11/2018

An RB Milestone Group report discussed the rationale for investing in this firm.

In a June 20 research note, RB Milestone Group made four key points about Western Uranium Corp. (WUC:CSE; WSTRF:OTCQX), a Colorado-based company that is exploring its uranium and vanadium assets in Colorado and Utah.

1. The company could achieve significant cost savings and efficiencies by capitalizing on its ablation mining technology (AMT), the rights to which it acquired in 2015. By using AMT to process uranium and vanadium ore, Western Uranium could decrease its costs, generate less waste and produce high-grade products. “AMT is capable of reducing ore quantity by up to 90%, thereby reducing downstream transportation and processing costs by approximately 90%,” RB Milestone explained. “This technology also increases the recoverable resources by making lower cutoff grades economic.” The company is currently awaiting regulatory approval of this patented technology.

2. The company has a resource base that consists of an estimated 70 million pounds of uranium and 35 million pounds of vanadium, the latter with grades between 1.4 and 2%. The resources and grades at specific assets are as follows:

  • Sunday mine complex: more than 2.9 million pounds U3O8, grade 0.25–0.36%
  • San Rafael project: more than 3 million pounds U3O8, grade 0.25–0.33%
  • Sage mine: 581,905 pounds U3O8, grade 0.15–0.23%
  • Hansen/Taylor project: 65.38 million pounds U3O8, grade 0.058–0.062%.

Western Uranium has an agreement in place to supply uranium to a utility firm in the United States. Also, in June 2018, the company entered a joint venture agreement with Battery Mineral Resource Nevada to develop vanadium at the Sage mine.

3. The company has a “strong and qualified management team,” according to RB Milestone. To name a few members, George Glasier, the founder, president and CEO, has worked in the uranium industry for more than 40 years and has ample experience in project development and sales and marketing.

Robert Klein, the chief financial officer and previously the company’s vice president, has expertise in financial operations, including reporting, public stock listing and corporate transacting.

Michael Rutter, the vice president of operations, has 20-plus years of experience in developing and running mines.

4. The company could benefit from the “expected” increase in the uranium price, currently US$21.50, RB Milestone noted. The factors that should boost the uranium price include increased uranium demand stemming from the growing need for nuclear energy, production cuts by major uranium producers, decreasing uranium stockpiles, and the addition of nuclear reactors around the world. As of Feb. 1, 2018, 57 nuclear reactors were being built, 158 were proposed and 351 were planned for construction.

Western Uranium is trading today at around CA$0.77 per share.

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Western Uranium. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Western Uranium, a company mentioned in this article.

Disclosures from RB Milestone Group, Western Uranium Corp., June 20, 2018

The information contained herein is not intended to be used as the basis for investment decisions and should not be construed as advice intended to meet the particular investment needs of any investor. RBMG has received a cash fee equal to sixty-five thousand USD from WU in exchange for RBMG consulting services. In this case, consulting services consist of corporate strategy formation, business development, market intelligence and research. These services include the preparation of this report and RBMG helping WU communicate its corporate characteristics to applicable investment and media communities. In addition, RBMG and/or its respective affiliates, contractors, principals or employees may buy, sell, hold or exercise shares, options, …read more

From:: The Energy Report

Trade Wars and Tariffs Can’t Stop These Solar Stocks

Source: Jeff Siegel for Streetwise Reports 07/10/2018

Caught between the egos of politicians and trade war shenanigans, the solar industry is once again plagued with headaches.

Back in 2006, when I first started covering the solar industry—and making a decent chunk of change with companies like First Solar (NASDAQ: FSLR) and SunPower (NASDAQ: SPWR)—the industry’s biggest obstacles were dinosaur energy analysts who hadn’t yet received the memo that solar was quickly becoming a legitimate, and profitable, addition to the global energy economy.

Those analysts have since changed their tunes or retired, while the solar industry has chugged along quite aggressively. But now, a new obstacle faces the solar industry, leaving solar investors wondering how to proceed.

Despite the threat of import controls and frivolous lawsuits that really only benefit lawyers and accountants, there are still some solid opportunities for investors looking to profit from the continued development of the solar industry.

“Greenbriar already has the necessary $305 million financing in place to construct the 100 MW solar farm.”

There’s Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI:NYSE), which is a REIT holding both solar and wind assets. This stock doesn’t tend to rise and fall with every new solar tariff announcement.

There’s also Vivint Solar Inc. (VSLR:NYSE), which has also fared pretty well this year in defiance of trade wars and tariffs. This is a company that operates as a solar installer, but also provides home battery solutions and electric car charging portals.

Now both of these companies operate primarily in the United States mainland, but the solar industry is a global one, so solar investors should definitely look to capitalize on what’s going on in other parts of the world, too.

Take Puerto Rico, for instance.

Puerto Rico Governor Ricardo Rossello recently announced that he’s moving to privatize the assets of the island’s electric company.

Following Hurricane Maria, residents of Puerto Rico are still without power. The entire place is in shambles, and Rossello thinks privatization is the solution.

Truth be told, I love the concept of privatization, but the governor is trying to unload a system that is severely damaged and sitting atop a mountain of debt. I can’t honestly see how any company would take on such a mess. The cost to get this thing back up and running—plus the debt that’s still on the books (about $9 billion worth)—is so massive, it would serve as a major liability for any company that has the ability to take on such a project. And there aren’t many.

I suspect the governor is fed up at this point and wants action. And he’s going to get it, but not in the way he wants right now.

I have been following developments in Puerto Rico for a long time now, and I’m convinced that the Feds are going to take everything over, rebuild the island’s infrastructure, and then unload it. But they can’t do it alone, and have been actively working with a few companies that can provide the necessary infrastructure development to get the island’s grid back in working order.

One of those companies is called Greenbriar Capital Corp. (GRB:TSX.V; GEBRF:OTC), which includes among its many projects a 100MW solar farm in Puerto Rico, known as the Montalva Solar Project.

This project was approved a few years back, but after a major scandal was discovered within the Puerto Rico Electric Power Authority (PREPA), PREPA tried to back out.

This was a major speed bump for Greenbriar, but the law was on its side. And last month, Greenbriar filed an action against PREPA, as requested by the U.S. Federal Court, for $951 million. To give you an idea of what this means for shareholders (for information only purposes), this amount translates into $US951 million X 1.28 CDN FX = $1,217,028,000 / 22 Million shares out = $55.33 CDN per share for shareholders.

Right now, Greenbriar is trading for about $1.23.

This is Critical

On page 20 of the Federal Court filing made on May 29, 2018, the company is asserting in its claim a distinct action against PREPA for Criminal Racketeering under Federal RICO statues. And this claim is in addition to the U.S. Federal Oversight and Management Board recommending the company’s 100MW Montalva Solar Project be deemed a Critical Project to rebuild the power infrastructure.

This board was established by Congress to recommend and expedite critical energy and infrastructure projects, and on April 25, it announced that Greenbriar’s Montalva Solar Farm had been approved to proceed to the next stage of the process, which is review by the appropriate government agencies.

Here’s the bottom line: The Feds know they have to take this operation over, and it looks like Greenbriar is on the short list. Which should come as no surprise when you consider what Greenbriar brings to the table.

In addition to the fact that PREPA is unlikely to win the case brought forth by Greenbriar, the company also already has the necessary $305 million financing in place to construct the 100 MW solar farm. It’s coming to the table without needing a handout. This puts Greenbriar in the front of the line.

As well, this project is already well underway in terms of pre-construction and has already crossed every possible hurdle.

  • There’s already an existing PREPA 115 kV line traversing the Guanica Site for ease of possible 115 kV on-site interconnection of the project.
  • If required to interconnect to an existing PREPA substation, there is existing space on a 115 kV bus available at PREPA’s Guanica Substation for Montalva interconnection.
  • There’s already 18 months of one-minute solar data available for compliance analysis to meet operating guidelines.
  • Municipality mayors and senators from Ponce and Mayaguez are on board and support the project.
  • The project can also be expanded to 150 MW if desired, lowering capital cost per unit. A permit has been filed for 130 MW.

Now the CEO of Greenbriar is a guy by the name of Jeff Ciachurski. Jeff created Western Wind Energy in 2002 with $250k in …read more

From:: The Energy Report

Energy Infrastructure Company Closes ‘Transformational’ Acquisition

Source: Streetwise Reports 07/10/2018

An iASecurities report discussed the benefits of the merger and next steps for the acquirer.

A July 9 iA Securities research note indicated that AltaGas Ltd. (ALA:TSX) closed its CA$9 billion deal with WGL Holdings and iASecurities raised its per share target price on Buy rated AltaGas to CA$30 from CA$29. The current share price is about CA$28.19. “This highly anticipated transaction is material as it essentially doubles the company’s enterprise value and provides investors with additional exposure to power, utilities and midstream assets in the United States,” wrote analyst Elias Foscolos.

Per the acquisition agreement, AltaGas issued CA$2.5 billion in equity, Foscolos explained. It did so through conversion of outstanding installment receipts into 80 million shares and through a bridge loan of CA$2.3 billion.

The company intends to reduce the bridge financing by issuing about CA$0.98 billion of hybrid/preferred securities and by divesting about CA$1.4 billion in assets. The sale of assets and the hybrid financing are the next catalysts for the company, the announcement of which “we believe equity investors will be eagerly anticipating,” Foscolos commented.

With the closing of the WGL transaction, AltaGas “is a transformed company,” Foscolos noted and explained why.

One, it becomes a more U.S.-focused, lower-risk company with an estimated 70%-plus of EBITDA to originate in the States. Only 10–15% of 2019 EBITDA will be exposed to short-term commodity prices. Medium- and long-term agreements will support about 80% of AltaGas’ 2019 EBITDA.

Two, the merger provides the company with a large project pipeline. By incorporating WGL’s midstream franchise in the Marcellus/Utica Basin, AltaGas will boost its CA$2 billion of internal growth capital projects to CA$5.8 billion.

Three, the transaction increases AltaGas’ common equity valuation by roughly CA$2.2 billion, thereby increasing its market cap, too.

Also noteworthy, Foscolos said, is that adjusted funds from operations are expected to grow by about 10% through 2020, which could support a larger dividend. In fact, AltaGas is targeting an 8–10% dividend increase.

Moving forward, AltaGas “still needs to execute on a number of fronts,” Foscolos indicated. It must integrate WGL into its company. It must divest of CA$1.4 billion of assets, which “could be more challenging.” If it cannot do this, it plans to make up any difference by issuing debt. Lastly, the company must close the CA$0.98 billion hybrid financing.

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Disclosures from iA Securities, AtlasGas Ltd., Research Update, July 9, 2018

Conflicts of Interest: The research analyst and or associates who prepared this report are compensated based upon (among other factors) the overall profitability of iA Securities, which may include the profitability of investment banking and related services. In the normal course of its business, iA Securities may provide financial advisory services for the issuers mentioned in this report. iA Securities may buy from or sell to customers the securities of issuers mentioned in this report on a principal basis.

Analyst’s Certification: Each iA Securities research analyst whose name appears on the front page of this research report hereby certifies that (i) the recommendations and opinions expressed in the research report accurately reflect the research analyst’s personal views about the issuer and securities that are the subject of this report and all other companies and securities mentioned in this report that are covered by such research analyst and (ii) no part of the research analyst’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.

Analyst Trading: iA Securities permits analysts to own and trade in the securities and or the derivatives of the issuer under their research coverage, subject to the following restrictions. No trades can be executed in anticipation of coverage for a period of 30 …read more

From:: The Energy Report