Chalice Gold Mines (TSX-V: CXN) will soon commence a AUD$5 (CAD$4.92) million exploration program to rapidly advance the East Cadillac and Kinebik gold projects, hosted in the prolific Abitibi Greenstone Belt, in Quebec, Canada. Chalice currently options the East Cadillac property from Globex Mining Enterprises (TSX: GMX – $0.50 & OTCQX: GLBXF – $0.36 & Fra: G1MN – €0.32).
The East Cadillac property is located 35km east of Val-d’Or and covers 16 kilometres (~10 miles) of strike of the eastern part of the Larder-Lake Cadillac Fault, which has a gold endowment of no less than +100M ounces. [click to continue…]
This year marks the 150th anniversary of the founding of Acme United Corporation (ACU – $28.60). In one and a half century, the Company has become the biggest scissor manufacturer in the world, and a major supplier of cutting devices, hunting and fishing tools, and first-aid products for school, home, office, industrial and hardware use.
The roots of the Company can be traced back to 1867 when German immigrant Leo Renz bought an old grist mill in Naugatuck, Connecticut and opened Renz Shear Shop, specializing in cast iron shears and scissors.
In 1873, Leo Renz, along with his brother Robert Renz, another family member Mitchell Renz, and John Peck, officially incorporated their business as The Renz Shear Company.
The business continued to grow until in [click to continue…]
This is the first in a three-part series about EnWave Corp’s (TSXV:ENW – $1.02 CAD & OTC:NWVCF – $0.80 USD & Frankfurt:E4U – €0.69) most significant clients, the influence of their REV dried products on the market, and the impact of their success on EnWave’s sales and earnings.
Milne Fruit Products, Inc, a processor and global supplier for the industrial food ingredient, beverage, and health & wellness markets, is first. The U.S. based company has made significant inroads into developing and offering a vast portfolio of REV dried fruits and vegetables.
The most common drying processes, which include freeze drying, drum drying, and infusion with sugar or other substances, all result in significant differences in appearance, flavor, mouthfeel and other aspects of product quality. There are high stakes for [click to continue…]
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…]