The much anticipated drill has arrived at EnerSpar Corp’s (TSXV: ENER – $0.05 & Fra: 5E0 – €0.03) flagship Johan Beetz Property. In fact, the first of a series of 50 holes has already been drilled.
A total of about 1250m of drilling is planned, with the average drill hole extending down about 25 meters. As the feldspar resource is located right near surface, drilling these shallow holes is more than sufficient to establish a very substantial multi-year resource. The drilling work should be completed before the end of the year and initial results are expected in the first quarter of 2018.
The goal of this program is to outline an NI 43-101 compliant feldspar resource by late 2018, so that a mining operation can be re-established at the Quebec property. [click to continue…]
Tecogen Inc. (TGEN – $2.43) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. It’s a well-established Company that has already shipped over 2,500 units, some of which have been operating for more than 25 years.
Revenue in the third quarter, ended September 30, 2017 was $8,501,198 compared to $6,616,455 for the same period in 2016. An impressive surge of 28.5% in top line revenue and also the highest quarterly revenue ever in the Company’s history.
Tecogen also successfully returned to profitability in Q3. The Company has now been profitable during four out of the past five quarters, with the second quarter of 2017, in which it completed the American DG Energy transaction, being the exception. [click to continue…]
Relevium Technologies’ (TSXV: RLV – $0.27 & Fra: 6BX – €0.13) corporate strategy is to acquire companies with e-retail brands, products and technologies in the health and wellness industries focusing on the nutraceutical and cosmeceutical market niches. As the Company’s sales are growing rapidly on popular e-commerce platforms, we felt it was high time to sit down with Mr. Aurelio Useche, Relevium’s Chief Executive Officer.
Mr. Useche delivers plenty of valuable information about Relevium’s growing number of products that it has on the market. In addition, he shares that the number will continue to increase the coming weeks and months.
In fact, just this week, the Company signed an exclusive deal with HempCo Canada for the Planet Hemp brand. Under the agreement, Relevium will market Planet Hemp products in both the US and UK and exclusively online through Amazon, Walmart/Jet and others. The two companies will further cooperate in the business development, branding, marketing and e-retailing of Planet Hemp and all the Hempco products. [click to continue…]
EnWave Corp. (TSXV:ENW – $1.06 CAD & OTC:NWVCF – $0.86 USD & Frankfurt:E4U – €0.70) successfully closed its public offering that it announced early November. The Company added gross proceeds of no less than $10,006,500 to its bank account.
A syndicate of underwriters, led by Cormark Securities, sold 8,760,000 EnWave units at a price of $1.05 per unit for aggregate gross proceeds of $9,198,000. Each unit consists of one common share of EnWave and one-half warrant. Each full warrant entitles the holder to purchase an additional EnWave share at $1.50 for a period of 60 months following the closing of the offering.
In addition, EnWave sold, on a non-brokered private placement basis, 770,000 units for gross proceeds of up to $808,500. These units are identical to the previous ones, except that they are subject to a statutory four-month hold period, which expires on March 16, 2018. [click to continue…]
This week, EnerSpar Corp. (TSXV: ENER – $0.08 & Fra: 5E0 – €0.04) confirmed that it is ready to proceed with its initial drilling program, as part of exploration work currently underway, at its flagship Johan Beetz Property. The first phase of drilling is set to commence immediately, while a second phase is planned to follow up in spring 2018.
The Johan Beetz project, located in the Canadian Province of Quebec, may be considered an advanced stage asset in that there is a significant historic feldspar resource, and the deposit once hosted a producing mine. The deposit includes both potassic and sodic feldspars, which are the rarest types of feldspar and of the highest value. However, there is no compliant NI 43-101 Resource Estimate for the property, which is the standard required for mineral resource documentation and corporate disclosure.
With the feldspars located right near surface at Johan Beetz, it will be a relatively simple process with lower risk and fewer expenses to complete confirmation drilling necessary to establish a compliant resource. [click to continue…]
Acme United Corporation (ACU – $22.30) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
Acme’s online sales are growing very rapidly, particularly at Amazon, and also at Jet, which is part of Walmart. The Company has a team working exclusively on online content, reviews, and search optimization. This is paying off. In particular, the first aid area and the Westcott business are performing strong online.
However, Acme faces several challenges with online growth. One of them is to maintain, or even grow, its market shares across all major product lines, while the shift from retail stores to online is in full force. Acme is succeeding very well in this endeavour, while many others are struggling. [click to continue…]
After reporting the successful closure of a transaction with a Canadian cannabis producer earlier this month, EnWave Corporation (TSXV:ENW – $1.07 CAD & OTC:NWVCF – $0.87 USD & Frankfurt:E4U – €0.74) continues to deliver on its expansion plan with the announcement of two additional new clients this week.
The first of these deals involves AvoChips LLC, a processer within the Snack Food Industry that is developing a new product made from dried avocado slices. EnWave has granted an exclusive license to AvoChips to use its Radiant Energy Vacuum (REV) dehydration technology in the processing of this new snack food.
One appealing aspect to this arrangement is that the use of REV technology ensures that the sliced, ripe avocado chips do not succumb to a bitter flavor when exposed to air, as would occur with other processing options. This represents a proprietary advantage that directly contributes to a premium product made possible by REV processing. [click to continue…]