Chuck Allen

Which investors were actively funding Alberta tech companies in the second quarter of this year? This list includes Threshold Impact, Accelerate Fund, ScaleGood Fund LP, Inovia Capital, Staircase Ventures, Valhalla Private Capital, Bluesky Equities, Pioneera Ventures, NGIF Cleantech Ventures—to name a few. Alberta tech founders: did you know you can use the Start Alberta database to fit your right-fit investors? Head to StartAlberta.ca and go to the “Investors” section in the database. Use the “Advanced Filter” to narrow down your investor search, such as filtering by stage, portfolio size and industry experience. Reach out to [email protected] if you need help. #AlbertaTech #ABtech #Energy #EnergyTech #Startup #Investor #Investors #Funding #FundingRounds #Investments #VentureCapital #VC #GrowthCapital #TechCommunity #StartUpEcosystem #Entrepreneur #Tech

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https://lnkd.in/gP7-EdiQ This is very positive news. What gives it credibility is the apparent lack of public funds to get this project moving. The economics have to stand up from the outset for clean projects to succeed. The only advantage to be sought from government should come from accessing carbon tax credits and/ or validated federal carbon offsets. These are essential to secure the necessary project equity while the commercial offtake can underwrite debt. Not the reverse. Well done Pattern Energy Group.

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In this edition of CEO & Market Expert Interviews I sat down with John Cash, CEO of Ur-Energy Inc. Watch here 👉https://lnkd.in/d75xw_hH #URG #uranium #nuclearenergy #Wyoming #mining #ISR

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Great to see Canada's #criticalmineral strategy advancing with three new additions to the list - taking us to 34: High-purity iron — green steel making Phosphorus — batteries and food security (FYI potash is already on the list) Silicon metal — semiconductors and chips When public policy and markets converge good things happen #decarbonization #transition #security #supplychain

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Congratulations to Battery X Metals on closing their recent transaction. Exciting times for the BATX team and their stakeholders !!! This is definitely a story to pay attention too. Transaction Highlights: • Battery Metal Resource Exploration to Strengthen Domestic Supply - BATX has indirectly acquired 100% of two lithium exploration projects located in Nunavik, QC and Abitibi, QC, contributing to Battery X Metals mission to meet the growing demand for battery metals. • Proprietary Lithium-Ion Battery Cell Diagnostics and Re-Balancing Technology System - LIBRT has developed an innovative hardware and software device that performs rapid battery health diagnostic and cell rebalancing to extend lithium-ion battery lifespan by 2-3 years and which has been validated by the National Research Council of Canada (NRC). • Artificial Intelligence (AI) Model with Licensed Patent Portfolio for Repurposed Second-Life Battery Storage Systems - LIBRT's AI-driven platform for preventative maintenance has been extensively trained on vast amounts of real-world data. This data enables LIBRT's AI Model to predict emerging trends for use in secondary Battery Energy Storage Systems (BESS), AI and Big Data. • Experienced Management Team with Decades in the Clean Energy and Technology Sectors - LIBRT's management team is led by former BC Hydro & National Research Council executives with expertise in China-Canada business development, with a specific focus on the clean energy sector. Full news here: https://lnkd.in/gQe6Y6Ty #ai #mining #technology #capitalmarkets #acquisitions #cse #canada #nrc #venturecapital

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Troilus Announces Sale of Select Non-Core Properties to Comet Lithium and Provides Board Update MONTREAL, July 15, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX: CHXMF; FSE: CM5R) announces that it has entered into an agreement with Comet Lithium Corporation (“Comet Lithium”) for the divestiture of its non-core properties, the Mercator, Monarch and Elmer East projects located in the James Bay Region (“The Transaction”) (See property locations in Figure 1). The Company would also like to announce the resignation of Dr. Eric Lamontagne and the appointment of Mr. François Biron, former General Manager of the Troilus Mine, to the Board of Directors (the “Board”). The sale of the non-core claims to Comet Lithium supports the company’s goal to focus solely on the development of its flagship Troilus Gold-Copper project located in North Central Quebec while maintaining exposure to the exploration upside of these properties. Details of the Transaction: Pursuant to an agreement dated July 12, 2024, Comet Lithium has agreed to acquire the Mercator, Monarch and the East Elmer projects from Troilus in exchange for 1,500,000 Consideration Shares to Troilus at an issue price of C$0.315 per Share (the “Issue Price”). The transaction will result in Troilus owning approximately 6% of Comet Lithium. In addition, Troilus has been granted a 2% Net Smelter Royalty (“NSR”) on each of the Mercator, Monarch and Elmer East projects. Comet Lithium will have the right to repurchase 1% for $3 million on each of the projects respectively. In addition, Troilus has been granted a 24-month participation right, allowing the Company to participate in any equity financing to maintain its equity percentage in Comet Lithium, subject to certain conditions, including Troilus Gold holding 750,000 common shares of Comet Lithium at the time of the equity financing. Justin Reid, CEO of Troilus Gold Corp., commented, “The sale of these non-core properties to Comet Lithium is a strategic step in our commitment to concentrate resources and efforts on the Troilus Gold-Copper Project as we advance towards production. We are confident in Comet Lithium's capabilities to develop these assets and are keen to see their progress.”   For a Full TLG: TSX Profile View and Press Release visit them at: https://lnkd.in/ge7CMyp #goldmining #preciousmetals #miningstocks #goldstocks #investing #stockstowatch #smallcapstocks #stockmarketinvesting #stockstobuy #investments #investors #gold #goldinvestment #investment #Quebec #tsx #exploration #stocks #mining #invest #TroilusGold #Copper #QuebecMining $TLG $CHXMF $CM5R

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On climate, Canada's Budget 2024 contains too much greenwashing. The environmental impact assessment process will be modified to facilitate a “pro-growth culture".   The 15% refundable tax credit for clean hydrogen is portrayed as a low-emitting electricity generation system encompassing natural gas with CCUS, or blue hydrogen. Th blue hydrogen subsidy is a stunt to increase gas production.  Blue hydrogen is twice the price of grey hydrogen and environmentally sound applications of hydrogen are few.   Budget 2024 aims to resuscitate the nuclear sector including small modular reactors (SMRs). This supports the ambitions of 1) Ontario Premier Doug Ford and 2) Trudeau to recapture Ontario voter interest, currently lost to the Conservatives. That nuclear capacity as a percentage of global power generation declined by half, from 17% in 2000 to 9% in 2022, is besides the point.”.   Never mind the Ontario Pickering station refurbishing of the first two of four unit A reactors went C$1.5B over budget. The Ford administration wants to refurbish all four Pickering Unit B reactors.   The Ontario Darlington plant will be furbished too, despite the Darlington station initial cost was C$14.5B, 4 times the original estimated amount.   As for SMRs, they cannot not achieve the necessary economies for a manufacturing scale, aren’t faster to construct, are inefficient and decommissioning is slow plus expensive.  Maybe SMR tech can be scaled up to be commercially viable in 2030. Four SMRs will be built at the Darlington site, one presently under construction.   Despite the expensive setbacks of Canada’s CANDU reactors, the government will provide export financing for C$3B to construct 2 CANDU reactors in Romania. A feature of Budget 2024 is making eligible those projects using waste and biomass to generate heat and electricity. Recycling landfill gas to produce renewable natural gas (RNG) is a natural gas industry ploy to present itself with a climate conscious. RNG is a greenwashing solution for several reasons, among them: RNG emits GHGs with a higher content of methane than raw biogas, which makes it comparable to conventional natural gas; the technology to make the conversion is expensive, grossly uncompetitive with conventional natural gas: and RNG availability is not sufficient. . On biofuels, Budget 2024 states “Biofuels and biogas are renewables if made from plants or bio-waste, such as canola crops and landfill emissions.”  Applications cited are marine, aviation, rail, and heavy industry and renewable natural gas. But the amount of carbon produced for making biofuels is greater than natural gas or coal. And biofuel consumption generates as much air pollution as the fossil fuels they replace. Biofuels from agricultural land would compete with food crops. Biofuels derived from algae and seaweed have yet to tackle scalability. The environmental bottom line of Canada's Budget 2024 is, at best, nil. Julia Levin Michael Barnard

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NorthX is pleased to announce that we entered into a definitive asset purchase agreement with Magna Mining pursuant to which Magna will acquire our Sudbury portfolio of nickel assets. The sale of our Sudbury property portfolio streamlines NorthX’s efforts and resources on Grasset, which we view as one of the most attractive undeveloped nickel sulphide projects in Canada. https://lnkd.in/gw4z9fcX

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📽️Watch as Derek MacPherson, Executive Chairman, and Samuel Pelaez, President & CEO sit down with Crux Investor for the second installment of their Compass Series. Catch the full video here ➡️ https://lnkd.in/gstJmiip 🇨🇦 TSXV: OC #capitalmarkets #stockmarket #investing #investingnews #TSXV#ResourceInvestment #MiningInvestments #CommoditiesMarket #InvestInMining #StrategicInvestments

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TSX.V: TUF | OTCQB: HBEIF Did you know? #Silver is an essential component in #solar panels, enabling efficient energy conversion. With solar demand projected to rise 20% by 2030, silver is at the forefront of the #green #energy revolution. Honey Badger Silver Inc (TSX-V:TUF) proudly supports this transformation by holding high-quality silver assets in #Canada’s mining jurisdictions. #HoneyBadgerSilver #TUF #InvestinMining #InvestInHoneyBadgerSilver #JuniorMining #SilverMiners

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LNG produces 40% less carbon dioxide (CO2) than coal and 30% less than oil, which makes it the cleanest of the fossil fuels. Perhaps LNG is a resonable bridge to a fossile fuel free future? And perhaps Canada can contriubute to building that bridge in an environmentally sound way…Worth a discussion.

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BIOREM (BRM.V / BIRMF) has a mission to engineer, design, manufacture, and distribute the most innovative and effective air emissions abatement technologies in the world. The company was established in 1990. They are based near Guelph, Ontario (Canada) but they operate in 23 countries around the world. BIOREM has done over 2,000 installations. They have 50+ employees with an average tenure of 10-12 years. BIOREM offers a full range of engineering and technical solutions. The company is transitioning from being a capital equipment vendor to providing more services, such as upfront engineering, site work, or after sales market. These are the areas the co works in: Municipal Wastewater Solid Waste Management Industrial Renewable Energy Here are the results from the third quarter of 2024 in Canadian dollars: BIOREM reported record quarterly revenues for the third quarter of $14.9 million, an increase of 103% over the previous quarter and 170% higher than the same quarter in 2023. Year to date revenues totalled $28.1 million, a 117% increase over the $13 million reported for the first nine months of 2023. The increase in revenues is largely attributable to the increase in order bookings and continuing delivery of projects from the Company’s large order backlog. “In the third quarter, delays related to industry-wide issues with construction projects eased somewhat, allowing BIOREM to catch up on orders in the Company’s backlog,” said Derek S. Webb, President and CEO. “Even as project deliveries accelerated, BIOREM’s sales funnel, outstanding bids, and order backlog remain robust with no signs of softening over the near- to medium-term.” Here are figures are in U.S. dollars: BIOREM reported EPS of $0.12 on a fully diluted basis. EBITDA is $2.18 million. Cash flow is $3.17 million. Revenue is $10.73 million. The market cap is $31.1 million, while enterprise value is $28.5 million. And here are the metrics of cheapness based on annualizing the most recent quarter: EV/EBITDA = 3.27 P/E = 4.38 P/B = 4.36 P/CF = 2.45 P/S = 0.72 ROE is 59.7%, which is outstanding. The Piotroski F_Score is 7, which is quite good. Insider ownership is 16%, which is good. Cash is $7.3 million while debt is $3.9 million. TL/TA (total liabilities / total assets) is 59.0%, which is OK. Intrinsic value scenarios: Low case: If there’s a bear market and/or a recession, the stock could decline. That would be a buying opportunity. Mid case: BIOREM should have a P/E of at least 10. That would mean the stock is worth $4.80, which is over 125% higher than today's $2.10. High case: Arguably, the company should have a P/E of 15. That would mean the stock is worth $7.20, which is over 240% higher than today's $2.10. Very high case: If BIOREM can continue to grow its revenues and backlog, while also transitioning towards services instead of just capital equipment, the P/E could reach 20. That would mean the stock is worth $9.60, which is over 355% higher than today's $2.10.

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The Exploits Valley Renewable Energy Corporation Green Hydrogen Project in Central Newfoundland is advancing through the next stage, with the Department of Environment and Climate Change recommending an Environmental Impact Statement. Read more here: https://fcw.sh/KsUhM8 #GreenHydrogen #RenewableEnergy #EnergyTransition #HydrogenNow

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Lithium Ionic Announces Closing of Over-Subscribed Premium to Market Private Placement With Strategic Shareholders   THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.   TORONTO, ON, June 7, 2024 – Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) announces the closing, on an oversubscribed basis, of its previously announced non-brokered private placement offering (the “Offering”) led by long-term strategic shareholders, Fourth Sail Capital and the PowerOne Capital Group.  Under the Offering, the Company issued 17,769,778 units (the “Units”) at $0.90 per Unit for gross proceeds of $15,992,800.30.   Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.05 per Common Share until the date that is 18 months from the date hereof. The Company plans to use the aggregate net proceeds of the Offering for exploration and development of its Brazilian properties and general corporate purposes.   In connection with the closing of the Offering, the Company paid finder’s fees of $588,721 in cash and issued 613,884 non-transferable finder’s warrants (the “Finder’s Warrants”). Each Finder’s Warrant will entitle the holder thereof to purchase one Unit at a price of $0.90 for a period of 12 months from the date hereof.    The Offering is subject to the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange. All of the securities issued by the Company pursuant to the Offering will be subject to a four-month statutory hold period which expires on October 8, 2024. An officer of the Company has subscribed for 111,111 Units in the Offering (the “Insider Investment”). The Insider Investment constitutes a related party transaction, as such term is defined under the policies of the TSXV, and the Company has relied on certain exemptions from the minority approval and formal valuation requirements under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as the fair market value of the aggregate Insider Investment is below 25% of the Company’s market capitalization for the purposes of Sections 5.5(a) and 5.7(1)(a) of MI 61-101. Please visit for a Full Profile View & Detailed Press Release:   https://lnkd.in/g_Fp-36m #batterymetals #strategicmetals #Brazil #miningstocks #investing #stockstowatch   #smallcapstocks #stockmarketinvesting #mining #stockstobuy #investments #investors #smallcap #stocks #exploration #lithiumionic #tsxv#juniormining #lithiumionic $LTH $LTHCF  $H3N #lth #Lithium #Li #EV #evbatteries #lithiummining #lithiumion #spodumene

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♻️Big SolarBank News ♻️#SUNN:NASDAQ / #SUUN:CBOE♻️ 🎯$45 Million Valued All Stock Acquisition of Solar Flow-Through Funds Ltd. Closes🎯 TORONTO, July 8, 2024 $9.2 million in revenue for SFF calendar year 2023; $9.4 million in revenue for SFF calendar year 2022 50.76 MW combined capacity of SFF and SolarBank independent power producer ("IPP") assets (32 MW operating and 18.76 MW under construction) 28.8 megawatts ("MW") combined capacity from over a total of 70 operating solar sites located in Ontario under long term contracts with the Ontario IESO are owned by SFF 14.97 MW aggregate discharge capacity from three battery energy storage system projects that are under construction by SFF In Ontario that are expected to operate under long term guaranteed capacity contracts from the Ontario IESO This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, July 8, 2024 /CNW/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company") is pleased to announce today that it has closed its acquisition of Solar Flow-Through Funds Ltd. ("SFF" or "Solar Flow-Through") valued at $45 million which includes SFF's over 70 operating solar sites located in Ontario and recurring operating revenues which were $9.2 million in revenue for SFF calendar year 2023 and $9.4 million in revenue for SFF calendar year 2022. The transaction involved the acquisition of all of the issued and outstanding common shares of SFF through a plan of arrangement in an all stock deal (the "Transaction"). The Transaction values SFF at up to $45 million but the consideration paid excludes the common shares of SFF currently held by SolarBank. The Transaction was completed pursuant to the terms of an arrangement agreement (the "Agreement") between the Company and SFF. Under the terms of the Transaction, SolarBank has agreed to issue up to 5,859,561 common shares of SolarBank ("SolarBank Shares") for an aggregate purchase price of up to $41.8 million, representing $4.50 per SFF common share acquired. The number of SolarBank Shares was determined using a 90 trading day volume weighted average trading price as of the date of the Agreement which is equal to $7.14 (the "Agreement Date VWAP"). The Transaction represents a 7% premium to a valuation report prepared by Evans & Evans, Inc. on SFF and its assets. Through the Transaction, SolarBank will acquire SFF's 70 operating solar power sites, along with its pipeline of battery energy storage projects ("BESS") and electric vehicle charging stations. ✅Full PR>https://lnkd.in/gwzNHU5N ✅Visit Them www.solarbankcorp.com #solar #esg #esginvesting Todd D. Sonoga Wade Madden Andrew F. Biernat, GBDS, CWCA RICHARD ANTHONY PIET

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