This week EnWave Corporation (TSXV: ENW – $1.09 CAD & OTC: NWVCF – $0.91 USD & Frankfurt: E4U – €0.72 EUR) issued a positive update on the status of the ongoing research currently underway with the US Army Natick R&D Center. In a deal that was announced back in June 2017, Natick is working with EnWave to develop new foods that may be included in the Meals Ready to Eat (MRE) rations, on behalf of the US Army.
The Development of Superior MRE Choices
MREs are the primary meals issued to the military during field deployment. Each MRE allotment is intended for a single meal for one soldier, including a main entrée, sides, and a beverage. They are packaged for easy distribution, and to maintain a long shelf life without spoiling under intense conditions that may be encountered in the field. [click to continue…]
Mill processing operations at Nyrstar’s Mid-Tennessee zinc mine continue to ramp up. This is excellent news for Globex Mining Enterprises Inc.(TSX: GMX – $0.47 CAD & OTCQX: GLBXF – $0.39 USD & Fra: G1MN – €0.30 EUR), which is entitled to a 1.4% royalty when LME zinc prices are over US$1.10 per lb. The current zinc price has moved up further to US$1.63/lb.
In total, the Company has received royalty payments of just over CDN$1 million from Nyrstar since the mine was restarted in May 2017. For December 2017, which is a short month due to the Christmas and New Year’s break, Globex received royalties of US$133,199 or CAD$170,109 based on an average zinc price of US$1.45 per pound.
Because production at Mid-Tennessee is still ramping up, and because zinc prices have since climbed higher, royalty payments are expected to increase. At full capacity, Globex anticipates receiving royalty payments from Nyrstar of well over CAD$2 million per year. This is a very [click to continue…]
This week Palamina Corp (TSXV: PA – $0.29 CAD & OTC: PLMNF – $0.24 USD) has reported the acquisition of two key parcels of property adjoining to its flagship Gaban Project in Peru. Located within the prolific Puno Orogenic Gold Belt (POGB), a large district within the Andean mountain trend with abundant gold and mineral deposits, Gaban is an early stage gold project that has never been tested with a modern drilling program.
Peru is considered to be a safe, mining-friendly jurisdiction, with policies in place to enable faster permitting for exploration work. While the entire region is considered underexplored, there is now a staking rush underway throughout the POGB as exploration companies have come to realize the high discovery potential across the belt. Palamina controls 6 exploration projects within the POGB and the Company is still in acquisition mode. [click to continue…]
During the past 45 days, Tecogen Inc. (NASDAQ: TGEN – $2.45 & Fra: 2T1 – €1.83) sold no less than $4.1 million worth of InVerde e+ cogeneration units. The CHPs, with a total capacity of 800 kW, will be installed the coming months in six different apartment buildings in Manhattan, NY. Moreover, each deal comes with a long-term service contract, which will generate additional revenue for the Company in years to come.
Also good to know is that several of the orders were won through third parties, such as engineering companies, building management companies, and energy efficiency consultants. This is important as those parties often advise building owners and managers on their construction or renovation plans. Being top of mind when it comes to a building’s energy solutions is crucial.
Tecogen’s Co-CEO Benjamin Locke was quoted saying, “As our robust flow of contract wins suggest, we are a dominant player in New York City’s multi-unit residential cogeneration market. In fact, we believe that we are the leader in our segment of the market nationwide. As interest in cogeneration among owners and residents of multi-unit housing gains traction, we are at the top of the list of preferred vendors.” [click to continue…]
EnWave Corporation (TSXV: ENW – $1.06 CAD & OTC: NWVCF – $0.85 USD & Frankfurt: E4U – €0.68) continues to reward investors with a steady stream of positive news in 2018. This week, the Company reported follow through developments on agreements initially made public last year.
First, the Company announced the sale of a 10kW commercial REV unit to Bare Foods, of California. Bare is currently known for its line of dried snack chips made from slices of apples, coconuts, and bananas. This family of snack foods, marketed under the “Bare Snacks” brand name is baked and therefore represents a healthier alternative to many other fried snack food choices. [click to continue…]
This week, Globex Mining Enterprises Inc. (TSX: GMX – $0.47 & OTCQX: GLBXF – $0.39 & Fra: G1MN – €0.32) issued an update on the status of three projects currently under exploration through option agreements. The first of these, the Parbec Gold property located in Quebec, is optioned to Renforth Resources (CSE: RFR).
Parbec is of interest because it is situated just 4km and along strike from the significant producing Canadian Malartic gold mine. The Canadian Malartic Mine is one of the largest new mines in Canada, and its success encouraged several other nearby exploration programs elsewhere in the district.
The Parbec project is advanced, with an extensive gold system already encountered during previous exploration work. Renforth recently presented a compliant NI 43-101 report that established an estimated gold resource amounting to more than [click to continue…]
We’re excited to have Mr. Chris Herald, the CEO of Solitario Zinc Corp (NYSE: XPL – $0.65 & TSX: SLR – $0.80 & Fra: RJO – €0.52), with us today. Solitario is an asset-rich Company with interests in two high-grade zinc deposits, which are joint ventured with two of the five largest zinc companies in the world.
A substantial portion of the interview is devoted to the Company’s Florida Canyon project in Peru, which it is developing in partnership with Nexa Resources, a $2.6 billion company. Over the years, more than $60 million has been spent on exploring the property with a very attractive resource and Preliminary Economic Assessment (PEA) as a result.
Mr. Herald outlines the plans for Florida Canyon in 2018, and he provides details on why Solitario won’t have to spend a dime on the project to get it in production. [click to continue…]