Globex Mining Enterprises (TSX: GMX – $0.48 & OTCQX: GLBXF – $0.39 & Fra: G1MN – €0.34), a well-known project generator that owns a well-diversified portfolio of North American mid-stage exploration, development and royalty properties, has completed a private placement of 1,119,718 shares at a price of $0.71 per share for total proceeds of $795,000. The transaction price represents an astonishing 54 percent premium to Globex’ previous day closing price of $0.46.
This premium is a testament of the significant undervaluation of Globex’ stock price and the solid confidence of the new investor that better times are ahead.
Meanwhile, several properties of Globex that have been optioned to third parties continue to be advanced, which is also good news for the Company as it typically receives a mix of cash, shares, and royalties from its option partners. [click to continue…]
EnWave Corporation (TSXV:ENW – $1.05 CAD & OTC:NWVCF – $0.76 USD & Frankfurt:E4U – €0.67) offers industrial-scale dehydration technology for commercial applications in the food and pharmaceutical spaces. The Company’s Radiant Energy Vacuum (REV) platforms are becoming the new global dehydration standard, as they are faster and cheaper than freeze drying, and have better end product quality than both air drying and spray drying.
EnWave continues to make outstanding progress with its royalty partners by receiving purchase orders for additional REV machinery. No less than 14 REV machines are currently under construction for companies such as Ereğli Agrosan, Van Dyk Specialty Products, Merck and Sutro Biopharma.
To date, EnWave has entered into twenty royalty-bearing commercial licenses with major food processing and pharmaceutical companies. It’s fair to say that the Company is uniquely positioned from [click to continue…]
A great deal of the marijuana that is produced in the U.S. and Canada is grown indoors. In these growing facilities an environment can be created that is ideal for the cannabis plants. Key factors which may be controlled, include temperature, levels of light and shade, irrigation, fertilizer application, atmospheric humidity, etc.
Unfortunately, the equipment that is used to create these peak conditions requires an enormous amount of energy. The reason is simply the technology required to grow the crops. Specific energy uses include high-intensity lighting, dehumidification to remove water vapor and avoid mold formation, space heating or cooling during non-illuminated periods and drying, pre-heating of irrigation water, generation of carbon dioxide by burning fossil fuel, and ventilation and air-conditioning to remove waste heat. In fact, the $3.5 billion marijuana industry is one of the nation’s most energy intensive.
A 5,000 square foot indoor cannabis facility, for example, will use on average 29,000 kilowatt hours (kWh) of electricity monthly, while a local household consumes [click to continue…]
Globex Mining Enterprises Inc. (TSX:GMX – $0.52 & OTCQX:GLBXF – $0.40 & Fra:G1MN – €0.34) is a North American focused exploration and development project generator. The Company has an exceptionally well-diversified portfolio of assets, with exposure to a wide range of commodities.
In the first quarter, ended March 31, 2017, revenue totaled $480,394 which was $425,394 higher than the $55,000 reported in the comparable period in 2016. As a result of the significant increase in revenue, Globex reported a positive net income of $143,644 as compared to a loss of $130,669 in the first quarter of 2016.
During 2016, Globex successfully negotiated ten property sale/option agreements with net option income and advance royalties of $1,301,989 being recorded in the second, third and fourth quarters of the year. In addition, it had also negotiated option/sale agreements which generated solid revenue in the first quarter of 2017. [click to continue…]
Tecogen Inc (TGEN – $3.53) recently announced its third straight profitable quarter. In addition, it closed the acquisition on American DG Energy a few days ago. So more than enough reasons to sit down with Mr. Ben Locke, the Co-Chief Executive Officer of the Company.
A substantial portion of the interview is devoted to the acquisition of American DG Energy (ADG), one of the Company’s growth avenues for the coming years. Mr. Locke first thoroughly explains the business ADG is in and then talks about his immediate plans for it.
Mr. Locke also provides details about the impact the acquisition will have on Tecogen’s sales and earnings, as well as the [click to continue…]
Surprising grab sample assays from Globex’ (TSX:GMX – $0.60 & Fra:G1MN – €0.39 & OTCQX:GLBXF – $0.44) adjacent Francoeur and Arntfield gold properties demonstrate the potential for a large tonnage low grade near surface gold deposit.
Shortly after Globex acquired the properties in 2016, it began reviewing the large geological data bank to identify priority target areas for exploration. A few months later, the Company initiated a small drill program on the property with some remarkable results. For example, drill hole FS‐16‐35 intersected a near-surface gold zone grading 1.19 gpt Au over a true width of 40.19 m (132 ft).
Subsequent field visits have confirmed wide zones of [click to continue…]
EnWave Corporation (TSXV:ENW – $1.03 CAD & OTC:NWVCF – $0.75 USD & Frankfurt:E4U – €0.69), which offers industrial-scale dehydration technologies for food and pharmaceutical companies, reported consolidated revenues of $4.18 million for its second quarter of fiscal year 2017, ended March 31, 2017, compared with $4.59 million in the same period last year, a decrease of 9%.
The decline in revenue was entirely due to a blip in NutraDried sales as a result of the slow transition of the customer accounts from Spire Brands to NutraDried. Remember that in December of last year, Spire Brands, which was the master distributor of Moon Cheese, was replaced by Slant Design. Apparently Spire has been somewhat reluctant to turn over all the necessary information, which delayed some of the consistency in orders.
Fortunately, that situation [click to continue…]