Fuelcell Energy Shares Charge Higher After Posting 43% Growth in Q3 Revenue

Source: Streetwise Reports   09/14/2021

Shares of Fuelcell Energy Inc. traded 15% higher after the company reported Q3/21 financial results highlighting positive YoY increases in revenue and gross margins driven by a 102% i…

Source: Streetwise Reports   09/14/2021

Shares of Fuelcell Energy Inc. traded 15% higher after the company reported Q3/21 financial results highlighting positive YoY increases in revenue and gross margins driven by a 102% increase in revenues derived from licenses and service agreements.

Integrated fuel cell company FuelCell Energy Inc. (FCEL:NASDAQ), which develops and provides innovative fuel cell technology using its proprietary, state-of-the-art fuel cell platform in order to enable and promote clean energy, today announced financial and operating results for its third quarter 2021 ended July 31, 2021.

Fuelcell Energy's President and CEO Jason Few commented, "FuelCell Energy delivered higher revenue in the third fiscal quarter, both sequentially compared to the second fiscal quarter and year over year. We are pleased by the continued execution of our project backlog and the advancement of our strategic agenda in terms of infrastructure, solutions and talent to support our ability to achieve our long-term goals…We made progress in advancing our inflight projects and combined with an increase in our investment in commercial capabilities and research and development activities, we believe we are positioning FuelCell Energy for long-term growth and sustainable commercial success."

CEO Few continued, "We are almost two years into our Powerhouse business strategy, and we continue to make progress…We recently announced additions to our team, significantly expanding our sales and marketing presence with the goal of enhancing customer engagement and effectiveness."

"We increased our investment in innovation and are making progress towards the availability of our Advanced Technologies solutions, including distributed hydrogen, long duration energy storage, and hydrogen production via our solid oxide platform. These offerings will complement our commercially available carbonate fuel cell platforms that provide a scalable solution to deliver against the increasing requirements of clean, distributed power and hydrogen generation to strengthen and supplement the grid power and enable the hydrogen economy," Few added.

FuelCell

The company reported that revenue in Q3/21 increase d by 43% to $26.8 million, compared to $18.7 million in Q3/20. The firm advised the YoY increase was mainly attributable to a $7.2 million increase in service agreements and license revenues since more module exchanges occurred during the quarter versus the Q3/20. In Q3/21, service agreements and license revenues increased significantly by 102% to $14.3 million, versus $7.1 million in Q3/20.

In addition, the firm grew generation revenues by 32% to $6.2 million in Q3/21, up from $4.7 million in Q3/20. The gains win generation revenues were attributed to a combination of higher operating output of the generation fleet portfolio, investments in maintenance activities and an increase in the overall fleet size.

The company posted a gross profit of $1.1 million in Q3/21, compared to a gross loss of $3.1 million in Q3/20.

Fuelcell Energy posted a lower net loss of $12.0 million in Q3/21, versus a net loss of $15.3 million in Q3/20. The improved totals were due to higher gross margins and lower interest expenses from borrowings under the Orion credit facility.

The firm reported a net loss per share of $0.04 in Q3/21, compared to a net loss of $0.07 per share in Q3/20.

The firm noted that it currently has a strong cash position with cash and cash equivalents on its balance sheet of $494.0 million as of July 31, 2021, compared with $192.1 million on October 31, 2020.

Fuelcell Energy also discussed highlights of recent business activities at the company. The firm stated that "it achieved mechanical completion, executed the interconnect agreement in July, and commenced the process of commissioning the 7.4 MW platform at the U.S. Navy Submarine Base in Groton, Conn." The company is proud that its platforms are able to increase grid stability and support the navy's efforts to fortify its base energy supply with clean reliable power.

The firm noted also that its products were deployed for use in a 1.4 MW platform at a wastewater treatment facility in San Bernardino, Calif. that opened commercially in July 2021.

The company is also progressing with its work at an on-site civil construction of a 7.4 MW project in Yaphank, N.Y. and a 14.8 MW project in Derby, Conn. The Derby site is slated for placement for five of the firm's SureSource 3000 fuel cell systems that will be installed on engineering platforms along the banks of the Housatonic River.

In addition, the company is developing a 2.3 MW trigeneration platform with Toyota at the Port of Long Beach, Calif. The project is currently being designed to produce electricity, hydrogen, and hot water.

FuelCell Energy is a Danbury, Conn.-based provider of sustainable clean energy technologies that are geared toward solving critical challenges pertaining to production and distribution of responsible and sustainable energy. The company uses its proprietary fuel cell technology platforms to offer sustainable products and solutions for businesses, utilities, and government municipalities.

The firm stated that it develops, engineers, deploys, services, and manages turn-key distributed power generation solutions for the entire life of the power plant. The firm's systems can be easily integrated with other intermittent energy sources such as solar and wind turbines.

Fuelcell Energy began the day with a market cap of around $1.8 billion with approximately 322.5 million shares outstanding and a short interest of about 16.1%. FCEL shares opened 10% higher today at $6.20 (+$0.58, +10.32%) over yesterday's $5.62 closing price. The stock has traded today between $6.12 to $7.54 per share and is currently trading at $6.46 (+$0.84, +14.95%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: FCEL:NASDAQ, )

FuelCell Energy Shares Charge Higher After Posting 43% Growth in Q3 Revenue

Source: Streetwise Reports   09/14/2021

Shares of FuelCell Energy Inc. traded 15% higher after the company reported Q3/21 financial results highlighting positive YoY increases in revenue and gross margins driven by a 102% i…

Source: Streetwise Reports   09/14/2021

Shares of FuelCell Energy Inc. traded 15% higher after the company reported Q3/21 financial results highlighting positive YoY increases in revenue and gross margins driven by a 102% increase in revenues derived from licenses and service agreements.

Integrated fuel cell company FuelCell Energy Inc. (FCEL:NASDAQ), which develops and provides innovative fuel cell technology using its proprietary, state-of-the-art fuel cell platform in order to enable and promote clean energy, today announced financial and operating results for its third quarter 2021 ended July 31, 2021.

Fuelcell Energy's President and CEO Jason Few commented, "FuelCell Energy delivered higher revenue in the third fiscal quarter, both sequentially compared to the second fiscal quarter and year over year. We are pleased by the continued execution of our project backlog and the advancement of our strategic agenda in terms of infrastructure, solutions and talent to support our ability to achieve our long-term goals…We made progress in advancing our inflight projects and combined with an increase in our investment in commercial capabilities and research and development activities, we believe we are positioning FuelCell Energy for long-term growth and sustainable commercial success."

CEO Few continued, "We are almost two years into our Powerhouse business strategy, and we continue to make progress…We recently announced additions to our team, significantly expanding our sales and marketing presence with the goal of enhancing customer engagement and effectiveness."

"We increased our investment in innovation and are making progress towards the availability of our Advanced Technologies solutions, including distributed hydrogen, long duration energy storage, and hydrogen production via our solid oxide platform. These offerings will complement our commercially available carbonate fuel cell platforms that provide a scalable solution to deliver against the increasing requirements of clean, distributed power and hydrogen generation to strengthen and supplement the grid power and enable the hydrogen economy," Few added.

FuelCell

The company reported that revenue in Q3/21 increase d by 43% to $26.8 million, compared to $18.7 million in Q3/20. The firm advised the YoY increase was mainly attributable to a $7.2 million increase in service agreements and license revenues since more module exchanges occurred during the quarter versus the Q3/20. In Q3/21, service agreements and license revenues increased significantly by 102% to $14.3 million, versus $7.1 million in Q3/20.

In addition, the firm grew generation revenues by 32% to $6.2 million in Q3/21, up from $4.7 million in Q3/20. The gains win generation revenues were attributed to a combination of higher operating output of the generation fleet portfolio, investments in maintenance activities and an increase in the overall fleet size.

The company posted a gross profit of $1.1 million in Q3/21, compared to a gross loss of $3.1 million in Q3/20.

Fuelcell Energy posted a lower net loss of $12.0 million in Q3/21, versus a net loss of $15.3 million in Q3/20. The improved totals were due to higher gross margins and lower interest expenses from borrowings under the Orion credit facility.

The firm reported a net loss per share of $0.04 in Q3/21, compared to a net loss of $0.07 per share in Q3/20.

The firm noted that it currently has a strong cash position with cash and cash equivalents on its balance sheet of $494.0 million as of July 31, 2021, compared with $192.1 million on October 31, 2020.

Fuelcell Energy also discussed highlights of recent business activities at the company. The firm stated that "it achieved mechanical completion, executed the interconnect agreement in July, and commenced the process of commissioning the 7.4 MW platform at the U.S. Navy Submarine Base in Groton, Conn." The company is proud that its platforms are able to increase grid stability and support the navy's efforts to fortify its base energy supply with clean reliable power.

The firm noted also that its products were deployed for use in a 1.4 MW platform at a wastewater treatment facility in San Bernardino, Calif. that opened commercially in July 2021.

The company is also progressing with its work at an on-site civil construction of a 7.4 MW project in Yaphank, N.Y. and a 14.8 MW project in Derby, Conn. The Derby site is slated for placement for five of the firm's SureSource 3000 fuel cell systems that will be installed on engineering platforms along the banks of the Housatonic River.

In addition, the company is developing a 2.3 MW trigeneration platform with Toyota at the Port of Long Beach, Calif. The project is currently being designed to produce electricity, hydrogen, and hot water.

FuelCell Energy is a Danbury, Conn.-based provider of sustainable clean energy technologies that are geared toward solving critical challenges pertaining to production and distribution of responsible and sustainable energy. The company uses its proprietary fuel cell technology platforms to offer sustainable products and solutions for businesses, utilities, and government municipalities.

The firm stated that it develops, engineers, deploys, services, and manages turn-key distributed power generation solutions for the entire life of the power plant. The firm's systems can be easily integrated with other intermittent energy sources such as solar and wind turbines.

Fuelcell Energy began the day with a market cap of around $1.8 billion with approximately 322.5 million shares outstanding and a short interest of about 16.1%. FCEL shares opened 10% higher today at $6.20 (+$0.58, +10.32%) over yesterday's $5.62 closing price. The stock has traded today between $6.12 to $7.54 per share and is currently trading at $6.46 (+$0.84, +14.95%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: FCEL:NASDAQ, )

Target Price Raised 24% on Top Picks in Oil E&P Space

Source: Streetwise Reports   09/13/2021

“We think the still out of favor [oil] exploration and production sector offers a good risk/reward,” a Pareto Securities report noted. In a September 13 research note, Pareto Securiti…

Source: Streetwise Reports   09/13/2021

"We think the still out of favor [oil] exploration and production sector offers a good risk/reward," a Pareto Securities report noted.

In a September 13 research note, Pareto Securities analysts discussed their revised oil price deck and top picks in the oil exploration and production (E&P) space today.

"We think the still out of favor E&P sector offers a good risk/reward due to the combination of high free cash flow and low relative valuations," the analysts wrote.

On the heels of oil exceeding US$70 per barrel (US$70/bbl), the analysts relayed they increased their short-term oil price forecast but maintained their long-term one. Now, they expect the Brent oil price to average US$75/bbl in 2022, US$78/bbl in 2023, and US$70/bbl in 2024. Pareto forecasts it to subsequently decrease gradually to about US$60/bbl and remain there long term.

"This view is driven by a continued demand recovery and [the] Organization of the Petroleum Exporting Countries (OPEC) managing the supply side," the analysts wrote. "The latter is also aided by years of low investments in non-OPEC supply that looks unlikely to change in the current environment."

The analysts reviewed their seven top picks of oil explorers/producers, on which they raised their target prices by an average of 24% in light of Pareto's higher oil price projections.

Pareto favors two companies because of their strong balance sheet, highly profitable production/development portfolio, expected dividend growth, and much lower carbon footprint than the industry's average.

These companies are Aker ASA (AKER:Oslo): Aker has guided to producing 210,000 to 220,000 barrels of oil per day in 2021. The company's development portfolio, with a US$27/bbl break even oil price, is expected to deliver 70% production growth by 2028. Pareto has a Buy rating and a NOK280 per share target price (previously NOK220) on Aker BP.

Lundin Energy AB (LNEGY:OTCPK): The company's full-year 2021 is estimated to be about 188,000 barrels of oil equivalent per day (188 Mboe/d). Pareto expects 2023 production guidance to exceed 200 Mboe/d. Pareto now has a Buy rating, changed from Hold, and a SEK340 per share price target (up from SEK290) on Lundin.

Four more companies are Pareto top picks because of their low pricing compared to current cash flow generation.

They are DNO International (DNO:OSE): Free cash flow and distributions should result in a rerating, the analysts noted. Given its new oil price forecasts, Pareto expects DNO will generate its entire 2021 enterprise value (EV) in cash flow within three years' time. Pareto has a Buy rating and an NOK18 per share price target (NOK14) previously on DNO.

International Petroleum Corp. (IPCO:TSX): Pareto increased its per share target price on this company to SEK55 from SEK36. It maintained its Buy recommendation. International Petroleum could start distributing dividends around the end of 2022.

Africa Oil Corp. (AOI:TSX): Its continued progress in Nigeria should boost the company's share price. Management is still investigating acquisition opportunities. Pareto has a Buy recommendation and new price target of SEK14 per share, up from SEK12.

Panoro Energy ASA (PEN:OSE; 1PZ:FRA): Given Pareto's revised oil price, Panoro is on track to generate its whole EV in free cash flow before year-end 2024. Within that time frame, in 2023, the company aims to increase production by greater than 30% to 12 Mboe/d. Pareto has a Buy rating and a NOK30 per share price target on Panoro.

As for Pareto's favorite oil company to short, it is Equinor ASA (EQNR:NYSE; EQNR:Oslo), because of its "substantial outperformance and premium pricing compared to peers," the analysts wrote.

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Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.  
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.  

( Companies Mentioned: AOI:TSX, AKER:Oslo, DNO:OSE, EQNR:NYSE; EQNR:Oslo, IPCO:TSX, LNEGY:OTCPK, PEN:OSE; 1PZ:FRA, )

10 Reasons This Norwegian Industrial Investment Firm Is a Buy, Per Analyst

Source: Streetwise Reports   09/13/2021

“Aker’s discounted pricing and stellar track record stand out as an attractive opportunity in the current market,” a Pareto Securities report noted.
In an August 20 research note, Par…

Source: Streetwise Reports   09/13/2021

"Aker's discounted pricing and stellar track record stand out as an attractive opportunity in the current market," a Pareto Securities report noted.

In an August 20 research note, Pareto Securities analyst Tom Erik Kristiansen presented 10 reasons to buy Aker ASA (AKER:Oslo), a Norwegian industrial investment company. Aker owns interests in oil and gas, renewable energy and green technologies, maritime assets and biotechnology, and industrial software businesses.

The key reasons to invest in Aker, according to Kristiansen, are:

1) Value creation. Aker has a strong history in this regard, achieving a 23% return over the past 10 years, more than double that of OBX companies, the 25 most liquid companies on the Oslo Stock Exchange's main index.

"We think future value creation will be high as Aker's industrial capabilities can support new renewables growth initiatives," Kristiansen wrote.

2) Discounted price. Compared to its Nordic peers under Pareto's coverage, Aker is priced at a discount. Whereas the average discount to net asset value for Aker's peers is –12%, for Aker it is 19%.

3) Balanced portfolio of companies. Aker Horizons, now 17% of Aker's portfolio, aims to invest NOK100 billion by 2025, "implying that Aker will hold an increasingly balanced portfolio for investors," wrote Kristiansen.

4) Growth in renewables and technology. Aker is rapidly growing the renewables and tech segments of its portfolio.

5) Upside in Cognite. Currently comprising 10% of Aker's portfolio, Cognite has significant upside potential, and the market still underappreciates it. Cognite helps large companies use their vast internal data to enhance their operation.

6) Seizing of opportunities. Aker "acts on opportunities like no one else," Kristiansen wrote. The company's actions in H1/21, including partnerships, collaborations, and agreements, were numerous. Most recently, Aker Horizons launched Carbon Capture as a Service.

7) Long industrial track record. With 180 years of building leading industrial firms, adapting to changing times and advancing complex businesses, Aker's chances of ongoing future success are high.

8) History of surprising on the upside.

9) Strong balance sheet. With solid finances and low funding, "Aker is well positioned to create value going forward," Kristiansen wrote.

10) Investor alignment. Investors in Aker are wholly aligned with the primary owner.

Pareto has a Buy rating and an NOK820 per share target price on Aker.

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Disclosures:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.  

( Companies Mentioned: AKER:Oslo, )

Gevo and Chevron Partner to Invest in Manufacture of Sustainable Aviation Fuel

Source: Streetwise Reports   09/09/2021

Shares of renewable fuels technology and development company Gevo Inc. traded 35% higher after the company reported it is teaming up with Chevron U.S.A. Inc. to invest in development …

Source: Streetwise Reports   09/09/2021

Shares of renewable fuels technology and development company Gevo Inc. traded 35% higher after the company reported it is teaming up with Chevron U.S.A. Inc. to invest in development and production of sustainable aviation fuel derived from inedible corn.

Renewable fuels technology firm Gevo Inc. (GEVO:NASDAQ), today announced that it signed a letter of intent with Chevron U.S.A. Inc., a subsidiary of Chevron Corp. (CVX:NYSE), to establish a joint investment for the purposes of building and operating one or more new facilities dedicated toward turning inedible corn into sustainable aviation fuel. The companies stated that the process is expected to aid in lowering the lifecycle and carbon intensity of fuels used in the aviation industry. In addition to the alternative jet fuels, the new facilities will also be designed to produce corn oil and proteins.

The reported stated that as outlined in the letter of intent, Gevo would contribute and deploy its proprietary technology at the new facilities to operate and produce sustainable, lower-intensity aviation fuel and renewable blending components for motor gasoline. Chevron for its part would co-invest with Gevo in one or more projects and would receive offtake rights for around 150 million gallons per year to sell to its customers.

Chevron Corp.'s EVP of Downstream & Chemicals Mark Nelson commented, "Chevron is providing our customers with next-generation renewable fuels that can help them lower their overall carbon footprint…This potential investment leverages Gevo's innovative approach to producing sustainable aviation fuel, complementing other renewable fuels investments we are making as part of our higher returns, lower carbon strategy."

Gevo's CEO Dr. Patrick Gruber stated, "We are pleased to collaborate with Chevron, who is willing to co-invest in building out Gevo's capacity to produce renewable, high-performing hydrocarbons that can be used in existing equipment and engines."

"Chevron's advantaged market position would allow it to offtake production from this venture, helping to place sustainable aviation fuel with airline customers," Dr. Gruber added.

The companies advised the terms of the proposed investment are still being negotiated and have not yet been finalized. The investment by Chevron remains subject to the execution of definitive agreements along with ordinary closing conditions and necessary regulatory approvals. The companies indicated that they have included the details of the proposed collaboration in an 8-K filing with the U.S. Securities and Exchange Commission on September 9, 2021.

Chevron Corp. is headquartered in San Ramon, California, and is one of the world's largest integrated oil and gas, chemicals, and alternative energy companies with annualized revenues of over $140 billion and a $185 billion market cap. The firm is making the transition to more reliable, affordable, and ever-cleaner sustainable energy. Chevron is a major U.S. producer of crude oil and natural gas and in addition manufactures transportation fuels, additives, lubricants, and various petrochemicals. The company continues to expand its efforts to efficiently lower its carbon intensity and seek out renewables and other commercially viable low-carbon technologies.

Gevo Inc. is a renewable fuels technology and development company based in Englewood, Colorado. The firm works to convert renewable energy and carbon into energy-dense liquid hydrocarbons that can then be used for drop-in transportation fuels such as gasoline, diesel, and jet fuel. When the fuels are combined and burned together the potential result is a net-zero greenhouse gas emissions yield when measured across the full life cycle of the products.

In addition to applications for low-carbon impact fuels, Gevo noted that "its technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients." That company advised that it subscribes to the Argonne National Laboratory GREET model, which it asserted is "the best available standard of scientific-based measurement for life cycle inventory or LCI."

Gevo started off the day with a market cap of around $1.1 billion with approximately 198 million shares outstanding and a short interest of about 13.5%. GEVO shares opened over 7% higher today at $6.21 (+$0.42, +7.25%) over yesterday's $5.79 closing price. The stock has traded today between $6.15 and $8.27 per share and at present is trading at $7.84 (+$2.05, +35.41%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: CVX:NYSE, GEVO:NASDAQ, )

Low-Carbon Energy Producer’s Capital Spending Will Boost Production by 10% in FY22

Source: Streetwise Reports   09/07/2021

CIBC World Markets Inc. commented in a research report that oil and gas producer Advantage Energy Ltd.’s capital spending plans are creating an intriguing free cash flow profile. The …

Source: Streetwise Reports   09/07/2021

CIBC World Markets Inc. commented in a research report that oil and gas producer Advantage Energy Ltd.'s capital spending plans are creating an intriguing free cash flow profile. The firm stated it is maintaining its "Outperformer" rating for Advantage and is increasing its price target for the firm's shares by CA$1.00 to CA$7.00 per share.

CIBC World Markets Inc. analysts Jamie Kubik, CPA, CA and Chris Thompson, P.Geo. commented in a September 1 research note that Advantage Energy Ltd. (AAV:TSX) had recently announced an increase in its FY/21 capital spending guidance.

CIBC World Markets indicated that Advantage Energy stated previously that an increase may be coming when it released it Q2/21 earnings, which CIBC views as a very logical move going into the higher demand winter season followed by increases in field activity across the basin in spring.

The analysts wrote that the tight rig market is keeping Advantage's drilling rig active with no let-up in sight. Thus, CIBC stated that it is raising its FY/22 CFPS estimates to $1.56 from $1.50 prior, while keeping its FY/21 estimates unchanged.

The report listed that Advantage increased its FY/21 spending guidance by $20 million to a midpoint of $145 million, which was greater than CIBC's prior estimate of $138 million and street estimates of $131 million. The analysts asserted that "if AAV hits the top end of its spending target for FY/21, recent strip pricing points to the company generating in excess of $100 million in free cash flow (FCF) in FY/21 and nearly $200 million in FY/22." The CIBC report noted if those levels are achieved the result would be FCF yields of 12% in FY21 and 20% in FY/22.

The analysts noted that no adjustments to FY/21 production guidance have been made but the higher capex spending planned for drilling three wells at Wembley and completing four wells at Glacier in Q4/21 will be accretive for production in FY/22 by ~2 Mboe/d.

CIBC listed that Advantage is maintaining its outlook for FY/21 production guidance of 48-51 MBoe/d, compared to CIBC's estimate of 50.6 MBoe/d and street consensus estimates of 50.3 MBoe/d. The report mentioned that Advantage expect FY/22 production will now be in the range of 53-56 Mboe/d, which represents a 10% year-over-year growth in production.

Advantage Energy is a low-carbon energy producer headquartered in Calgary, Alta. The company is primarily focused on developing its high quality Montney gas resources at the Glacier carbon capture and sequestration (CCS) asset, Progress, Valhalla and Wembley. The firm additionally owns a 400 MMcf/d gas processing facility at Glacier.

CIBC commented that it believes that the introduction of modular carbon capture and storage (MCCS) from its Entropy Inc. affiliate should help the stock to trade at a premium in relation to its peers.

CIBC World Markets advised that it rates Advantage Energy Ltd. as an "Outperformer" and is raising its 12–18-month price to CA$7.00 per share, up from its previous target of CA$6.00. The company's shares trade on the Toronto Stock Exchange under the symbol AAV and closed for trading at CA$6.10/share on September 3, 2021.

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.  

Disclosures from CIBC, Initiating Coverage, Sept. 1, 2021

Analyst Certification: Each CIBC World Markets Inc. research analyst named on the front page of this research report, or at the beginning of any subsection hereof, hereby certifies that (i) the recommendations and opinions expressed herein accurately reflect such research analyst's personal views about the company and securities that are the subject of this report and all other companies and securities mentioned in this report that are covered by such research analyst and (ii) no part of the research analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.
Potential Conflicts of Interest: Equity research analysts employed by CIBC World Markets Inc. are compensated from revenues generated by various CIBC World Markets Inc. businesses, including the CIBC World Markets Investment Banking Department. Research analysts do not receive compensation based upon revenues from specific investment banking transactions. CIBC World Markets Inc. generally prohibits any research analyst and any member of his or her household from executing trades in the securities of a company that such research analyst covers. Additionally, CIBC World Markets Inc. generally prohibits any research analyst from serving as an officer, director or advisory board member of a company that such analyst covers.
In addition to 1% ownership positions in covered companies that are required to be specifically disclosed in this report, CIBC World Markets Inc. may have a long position of less than 1% or a short position or deal as principal in the securities discussed herein, related securities or in options, futures or other derivative instruments based thereon.
Recipients of this report are advised that any or all of the foregoing arrangements, as well as more specific disclosures set forth below, may at times give rise to potential conflicts of interest.
CIBC World Markets Inc. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that CIBC World Markets Inc. may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.
Analysts employed outside the U.S. are not registered as research analysts with FINRA. These analysts may not be associated persons of CIBC World Markets Corp. and therefore may not be subject to FINRA Rule 2241 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account.

2g CIBC World Markets Inc. expects to receive or intends to seek compensation for investment banking services from these companies in the next 3 months: Advantage Energy Ltd.
For important disclosure footnotes for companies mentioned in this report that are covered by CIBC World Markets Inc., visit CIBC Disclaimers & Disclosures.
Companies mentioned in the report but not listed are not covered by fundamental research at CIBC.

( Companies Mentioned: AAV:TSX, )

ChargePoint Shares Surge Higher on Q2 Earnings and Raised FY Revenue Outlook

Source: Streetwise Reports   09/02/2021

ChargePoint Holdings Inc. shares powered 8.25% higher after the firm reported a 61% increase in Q2/22 YoY revenue and raised its FY/22 revenue guidance by 15% to $225-235 million.Afte…

Source: Streetwise Reports   09/02/2021

ChargePoint Holdings Inc. shares powered 8.25% higher after the firm reported a 61% increase in Q2/22 YoY revenue and raised its FY/22 revenue guidance by 15% to $225-235 million.

After U.S. markets closed for trading yesterday, electric vehicle charging network company ChargePoint Holdings Inc. (CHPT:NYSE) announced financial results for its second quarter of 2022 ended July 31, 2021.

The company's President and CEO Pasquale Romano commented, "ChargePoint's strong second quarter results demonstrate our continued growth and leadership in the electric revolution…We achieved record revenue, significantly grew our commercial, fleet, and residential businesses, launched a charging integration with Mercedes, announced our agreement to acquire e-mobility technology provider has·to·be, and acquired eBus and commercial vehicle management provider ViriCiti."

ChargePoint Holdings reported that revenue in Q2/22 increased by 61% to $56.1 million, compared to $35.0 million in Q2/21. The firm noted that networked charging revenue rose to $40.9 million in Q2/22, which represented a 91% increase over the $21.4 million recorded in Q2/21.

The company advised that revenue growth was significant across commercial, fleet, and residential verticals in both North America and Europe. ChargePoint stated that commercial customers of all types are currently upping their investments in charging for their customers, employees, and visitors and noted that EV vehicle adoption has accelerated demand for residential use applications as well.

ChargePoint highlighted that as of July 31, 2021, the total number of activated ports within its network exceeded 118,000. The company mentioned that theses charging access ports include greater than 5,400 in Europe and more than 3,700 DC fast charge ports.

The firm posted a GAAP net loss of $84.9 million in Q2/22, which it said included "a $10.4 million loss from the change in fair value of warrant liabilities and $28.3 million in stock-based compensation expense."

The company stated that on a non-GAAP basis which excludes the above adjustments and other items, it registered a net loss in Q2/22 of $40.39 million, versus a net loss of $22.55 million in Q2/21.

ChargePoint indicated that as of July 31, 2021, it was well funded with $618.5 million in cash on its balance sheet.

The company provided some forward guidance and stated that for Q3/22 it expects revenue of between $60-65 million. The firm further advised that it is that it is raising its FY/22 revenue outlook to $225-235 million, up approximately 15% from its prior estimates of $195-205 million.

ChargePoint is endeavoring to create a new electrical transportation fueling network. The company claims to have one of the largest comprehensive EV charging networks. The firm has built an integrated cloud subscription platform designed to offer options for every charging scenario. The company's network covers everything from home and multifamily housing units to business workplaces, parking lots, hotels, retail, and commercial transport fleets.

With the use of a ChargePoint account, customers can access hundreds of thousands of charging locations in Europe and North America. The firm indicated that, so far, its customers have executed more than 92 million charging sessions.

ChargePoint started today day with a market cap of around $6.8 billion with approximately 321.5 million shares outstanding and a short interest of about 6.6%. CHPT shares opened 12% higher today at $23.79 (+2.56, +12.06%) over yesterday's $21.23 closing price. The stock has traded today between $22.18 to $23.80 per share and closed at $22.97 (+$1.74, +8.20%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: CHPT:NYSE, )

Standard Lithium’s Arkansas SiFT Lithium Carbonate Plant to Be Commissioned This Month

Source: Streetwise Reports   09/01/2021

Standard Lithium Ltd. shares traded 25% higher after the company reported that installation work at its SiFT lithium carbonate crystallization plant near El Dorado, Arkansas is now fi…

Source: Streetwise Reports   09/01/2021

Standard Lithium Ltd. shares traded 25% higher after the company reported that installation work at its SiFT lithium carbonate crystallization plant near El Dorado, Arkansas is now finished and that it expects fully integrated operations to get underway this month.

This morning before U.S. markets opened for trading, lithium development company Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSE American) announced "an update on the installation of the SiFT lithium carbonate plant at its flagship South Arkansas project and other related developments."

Standard Lithium reported that it has now finished all installation work at the SiFT lithium carbonate plant, hooked up the major connections to the existing plant, and built a new weatherproof enclosure. The company indicated that wet commissioning operations at the SiFT Plant are currently active and stated that it expects to begin fully integrated operations during September.

The firm advises that it also installed a novel osmotically assisted High Pressure Reverse Osmosis (HPRO) unit at the demonstration plant in El Dorado, which is up and running and is presently being integrated into the plant's process flow. The company explained that the unit's primary purpose is to concentrate lithium chloride produced by the LiSTR Direct Lithium Extraction (DLE) plant for later conversion to lithium carbonate.

Standard Lithium noted that in advance of the arrival of Hurricane Ida, its Arkansas team initiated pre-emptive emergency safety protocols to secure the plant, equipment, and staff at the El Dorado site. The company said that due to a shift in the storm's path it was able to continue normal operations without interruption.

Standard Lithium's President and COO, Dr. Andy Robinson, remarked, "We're very thankful that our team and operations are safe and that El Dorado was spared the worst of Hurricane Ida. Our project execution efforts continue and, with the final stages of commissioning and integration almost finished, we are now in the final stages of running the only continuous, 24/7 start-to-finish, brine-to-carbonate plant in North America."

The company stated that it continues in its efforts to support the El Dorado community and noted that it will join with several other companies as a major sponsor for the 22nd Annual SouthArk Outdoor Expo! this month and additionally will be a Superstar Sponsor for the Main Street El Dorado Musicfest 2021 featuring performers Frank Foster, Ice Cube, and others.

Standard Lithium Ltd. is a Vancouver, B.C.-based lithium development and production company. The firm listed that it is focused on testing and proving commercial viability of lithium extraction from approximately 150,000 acres of permitted brine operations at its "flagship" Lanxess Project in southern Arkansas.

The company advised that at Lanxess south, it has put into operation a first-of-a-kind industrial-scale direct lithium extraction demonstration plant that employs Standard's proprietary LiSTR technology to extract lithium effectively and optimally from tail brine. The firm stated that this is a much improved and more environmentally friendly process as it eliminates the need for evaporation ponds and significantly reduces processing time from months to hours and boosts lithium recovery yields and economics.

In addition, the company is working on developing lithium resources at a second property in Arkansas covering around 30,000 acres of brine leases as well as about 45,000 acres of mineral leases in the Mojave Desert in San Bernardino Co., California

Standard Lithium began the day with a market cap of around $744.4 million with approximately 144.3 million shares outstanding. SLI shares opened 11% higher today at $5.75 (+$0.59, +11.43%) over yesterday's $5.16 closing price. The stock traded today between $5.70 to $6.60 per share and closed at $6.60 (+$1.44, +27.91%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

( Companies Mentioned: SLI:TSX.V; SLI:NYSE American, )

PEA on US Uranium Firm’s Wyoming Project Robust, Outlines Satellite Model

Source: Streetwise Reports   08/28/2021

The contents of the preliminary economic assessment on Azarga Uranium’s Gas Hills asset and uranium prices are discussed in a Fundamental Research Corp. report.In an Aug. 24 research …

Source: Streetwise Reports   08/28/2021

The contents of the preliminary economic assessment on Azarga Uranium's Gas Hills asset and uranium prices are discussed in a Fundamental Research Corp. report.

In an Aug. 24 research note, analyst Sid Rajeev reported that Fundamental Research Corp. increased its fair target price on Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) to CA$1.11 per share from CA$1.03 after the uranium firm released a "robust" preliminary economic assessment (PEA) for its Gas Hills project in Wyoming.

"The PEA confirmed our assumption that Gas Hills can be a satellite project of the company's flagship Dewey Burdock project in South Dakota," Rajeev wrote.

The analyst reviewed the PEA. It outlined a satellite-model operation producing 1 million pounds of uranium per year over a seven-year mine life. Processing will take place at a facility on the Dewey Burdock property.

As for Gas Hills costs, initial capex required is an estimated US$26 million ($26M), a low amount according to Rajeev. Cash operating costs are forecasted to be US$11.52 per pound and sustaining costs, US$9.07 per pound. All PEA figures are based on a $55 per pound U3O8 price.

The PEA reflects a US$102.6M after-tax net present value discounted at 8% and a 101% after-tax internal rate of return.

Now, Rajeev noted, Azarga will start the process of obtaining the necessary permits to proceed at Gas Hills while continuing to expand its overall uranium resources.

Rajeev also commented on uranium prices, noting they are up since the start of 2020, as much as 62% year over year, according to the Global X Uranium Exchange-Traded Fund, which tracks the share prices of uranium and nuclear-related companies. Rajeev did point out that uranium prices must be at least US$50 per pound over the long term for existing and new uranium projects to be economically viable.

Fundamental Research's outlook on uranium prices is positive for the long term, Rajeev affirmed, because of several factors. Among them are a projected supply deficit over time, the current global push toward clean energy, and the inclusion of initiatives to revive U.S. uranium production in President Joe Biden's US$2-trillion plan.

As for Azarga's market valuation, Rajeev wrote, it is lower than it should be. The after-tax NPV8% of Dewey Burdock and Gas Hills combined is US$250M, implying that Azarga's stock is trading at 26% of that amount. Compared to Fundamental's CA$1.11 fair share price on Azarga, its actual share price is about one-third of that, at CA$0.35.

Disclosures:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Azarga Uranium Corp. Click here for important disclosures about sponsor fees. 
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azarga Uranium Corp., a company mentioned in this article.

( Companies Mentioned: AZZ:TSX; AZZUF:OTCQB, )

American Lithium Records Lithium Extraction Rates of 97.4% at Nevada TLC Project

Source: Streetwise Reports   08/26/2021

Shares of American Lithium Corp. traded 15% higher after the company reported it registered the highest lithium extraction rates to date of 97.4% from its Tonopah Lithium Claims clays…

Source: Streetwise Reports   08/26/2021

Shares of American Lithium Corp. traded 15% higher after the company reported it registered the highest lithium extraction rates to date of 97.4% from its Tonopah Lithium Claims claystones using a sulfuric acid leaching process.

Vancouver-based lithium explorer and developer American Lithium Corp. (LIACF:US-OTC; LI:TSX.V; 5LA1:FSE) yesterday announced "the highest lithium extraction results to date, achieving 97.4% extraction utilizing warm sulfuric acid leach on Tonopah Lithium Claims (TLC) claystone mineralization."

The company advised that the most recent testing completed in Lima, Peru by TECMMINE showed that by using a warm sulfuric acid leach lithium extraction process it achieved a 97.4% lithium extraction rate, which American Lithium noted is the highest results ever obtained from any recovery process.

The firm stated that it will further study possible refinements to the sulfuric acid process route by varying several key factors to optimize output including varying acid concentration, grind/particle size, leach time, solid-liquid ratios and temperature.

The company stated that it is proceeding with metallurgical work on the TLC Lithium Project and advised that it has found through its continuing efforts that claystone mineralization has been shown to be amenable to three lithium extraction methods.

The firm listed that the three process options that have demonstrated success include leaching with sulfuric acid (H2SO4) at 90°C, salt roasting followed by water leaching, and leaching with hydrochloric acid (HCl) at 90°C. The company indicated that each of these approaches overall resulted in excellent initial extraction rates of 97.4%, 82.0% and 95.1% respectively.

American Lithium stated that as it goes forward with metallurgical work it will continue to utilize all three of the above extraction methods through the lithium carbonate and lithium hydroxide precipitation stages to determine the best option and create a process flowsheet for its operations at TLC.

The company explained that after it has identified the optimum process it plans to use the findings and data to prepare a Preliminary Economic Assessment (PEA) that will maximize economic gains and minimize environmental impact.

American Lithium Corp.'s Chief Operating Officer Dr. Laurence Stefan commented, "We are pleased to have achieved the highest lithium extraction to date from TLC using simple sulfuric acid processing with almost the entire amount of lithium available extracted into sulfate solution."

"We continue to focus on optimizing the best process routes from both economic and environmental perspectives and, thereafter, to advance TLC through PEA towards future development," Dr. Stefan added.

American Lithium noted in the news release that pending regulatory acceptance, it has granted 500,000 incentive stock options to an unnamed company advisor/consultant. The company stated that the options are exercisable at $1.81 per common share and are valid for 5 years.

American Lithium is headquartered in Vancouver. B.C. and focuses on the acquiring, exploring and developing lithium projects throughout the Americas in mining-friendly jurisdictions. The firm's TLC lithium claystone project is located in Nevada's richly mineralized Esmeralda lithium district. In addition, the company is actively advancing its Falchani lithium and Macusani uranium projects in Peru. American Lithium stated that Falchani and Macusani are readily accessible to significant existing infrastructure, have each undergone PEA's and both have been determined to exhibit strong exploration potential.

American Lithium Corp. has a market cap of about $345.4 million with approximately 177.2 million shares outstanding. LIACF shares opened around 1% higher today at $1.5556 (+$0.0158, +1.03%) over yesterday's $1.5398 closing price. The stock has traded today on greater than five times average 200-day volume between $1.5367 and $1.94.65 per share and closed at $1.82 (+$0.27, +17.42%).

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.