Tuesday, May 17, 2022

#ExploringMining #Podcast 274 - News from (NYSEAmerican: $GROY) (TSXV: $CVV.V) (TSXV: $INCA.V) (CSE: $CAVU.C) (TSXV: $PGX.V)



 

#ExploringMining #Podcast 274 - News from (NYSEAmerican: $GROY) (TSXV: $CVV.V) (TSXV: $INCA.V) (CSE: $CAVU.C) (TSXV: $PGX.V)

 

Vancouver, Kelowna, Delta, BC, May 17, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/051722-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/05171GROY-CVV-INCA-CAVU-PGX.asp

 

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Gold Royalty Corp. (NYSEAmerican:GROY) has announced its operating and financial results for the three and six months ended March 31, 2022. Highlights include record revenues of $0.6 million and $1.2 million for the three and six months, respectively, and a full fiscal year revenue projection of $5 million. David Garofalo, Chairman and CEO of Gold Royalty, commented:

 

"Our second fiscal quarter of 2022 included several meaningful catalysts for the Company. The acquisition of royalties over the Côté Gold Project and expansion of our royalties in the Beaufor Mine further bolstered our near-term cash flow profile. At the same time, we saw several exciting exploration and development advancements from key assets including Odyssey, REN, Fenelon, Tonopah West, and Whistler."

 

CanAlaska Uranium Ltd. (TSXV:CVV) has acquired 28,328 hectares of new uranium claims by staking in the western Athabasca Basin. The project, according to the press release, “contains uranium lake sediment anomalies, diabase-related structures in the sandstone, and interpreted hydrothermal alteration zones.” The company’s CEO, Cory Belyk, said:

 

“This is another exciting project generated by the CanAlaska team along one of the newest uranium deposit corridors in the Athabasca Basin, already host to almost 500 million pounds of uranium. The uranium market fundamentals have never been better and continue to strengthen as the desire for carbon-free energy continues to grow. Projects such as Taggart are fantastic entry points for companies into the "Saudi Arabia of Uranium" and we look forward to working with a new partner to move this project forward."

 

Inca One Gold Corp. (TSXV:INCA) has shared production and sales results for the month of April 2022. This was its highest ever monthly sales of approximately $7.2 million (unaudited), which is a 177 percent YoY increase from the April 2021 sales of $2.6 million. The press release cites the higher volume of ore milled and higher spot price for gold as accounting for the sales.

 

CAVU Mining Corp. (CSE:CAVU) has signed a definitive agreement to option a 51 percent interest in the Star copper-gold porphyry project in northern British Columbia, Canada from Prosper Gold Corp. (TSXV:PGX). Jaap Verbaas, CEO of CAVU, explained:

 

"The signing of the definitive agreement gives us a path towards full ownership of the Star Project and allows us to start working towards a comprehensive exploration program. This fully permitted and drill-ready porphyry project is a great addition to our portfolio and we are looking forward to starting exploration. The Company has been taking big strides this year with a 5,000 m drill program starting on the Hopper and the acquisition of the Star Project in the Golden Triangle of BC."

 

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#CryptoCorner #Podcast 835: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGM: $SDIG)

 



 

 

#CryptoCorner #Podcast 835: #Stocks discussed: (NasdaqGM: $BITF) (NasdaqGM: $SDIG)

 

Commentary on BTC from BitBull Capital CEO Joe DiPasquale, Bitfarms and Stronghold Digital Report Q1 Results

 

Vancouver, Kelowna, Delta, BC May 17, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/051722-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/05171BITF-SDIG.asp

 

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Stocks discussed: (NasdaqGM:BITF) (NasdaqGM:SDIG)

 

Data from CoinMarketCap indicates that Bitcoin (BTC) is trading for roughly $30,000 USD at press time. Joe DiPasquale, CEO of BitBull Capital, has provided commentary to Investorideas.com addressing Bitcoin’s price prospects:

 

In line with our commentary last week. Bitcoin did indeed face downward pressure that saw it losing the $30K support but it did not fall below the $25K level we identified. Expectations of a near-term bounce are still intact but a proper reversal needs more buying activity. Bitcoin’s recent low of around $26,600 was a decent buying opportunity for long-term exposure but the coming month may bring additional volatility as more concrete steps by the FED to fight inflation come to the fore.

 

Bitfarms Ltd. (NasdaqGM:BITF) has reported its financial results for the first quarter ended March 31, 2022. Highlights include Q1 revenues of $40 million, a net income of $5 million, as well as the receipt and installation of over 11,000 miners in the quarter. Geoff Morphy, Bitfarms’ President and COO, said:

 

“We delivered another profitable quarter in Q1 2022, even with the decline in the price of BTC, and revenues were up 42% compared to Q1 2021. We have grown faster than the BTC network, as our hashrate at quarter end was 2.7 Exahash per second (EH/s), up 22% from December 31, 2021. As of today, our hashrate is 3.4 EH/s, representing about 1.5% market share.”

 

Stronghold Digital Mining, Inc. (NasdaqGM:SDIG) has shared its first quarter financial results as well as an operational update. Highlights include the mining of 438 Bitcoin, achieving an average hash rate of 0.9 exahash per second (EH/s), and the receipt of approximately 25,900 miners with total hash rate capacity of approximately 2.4 EH/s. Greg Beard, co-chairman and CEO of the company, said:

 

“Since we reported FY 2021 earnings on March 29, 2022, we believe that we have made significant progress on enhancing our operations, and we are executing on our goal of exceeding 4 EH/s by the end of the year. Earlier in the year, Stronghold chose to de-emphasize growth to focus on capital discipline and financial flexibility, and recent operational and financial initiatives, including our recent issuance of the Notes, have helped de-risk our funding needs, despite recent volatility in cryptocurrency markets.”

 

Sam Mowers, Investorideas

 

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#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record First Quarter 2022 Financial Results; @SIRCStock

#Solar/ #EV #Stock News- Solar Integrated Roofing (OTC: $SIRC) Reports Record First Quarter 2022 Financial Results; @SIRCStock 

Growing Revenue 682% to $27.0 Million

 

Net Income Grew to $5.7 Million; Completion of 2021 Audited Financial Statements Positions Company to Accelerate Near-Term Uplisting Strategy

 



HENDERSON, NV / May 17, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, today reported its financial and operational results for the first quarter ended March 31, 2022.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/05171SIRC-Q1-Results.asp

 

Key First Quarter 2022 and Subsequent Highlights

·        Revenue in the first quarter ended March 31, 2022 increased 682% to $27.0 million, as compared to revenue of $3.5 million in the first quarter of 2021.

·        Net income in the first quarter of 2022 was $5.7 million, or $0.01 per basic and diluted common share, as compared to a net loss of $2.3 million, or $(0.01) per basic and diluted common share, in the first quarter of 2021.

·        Filed audited financial statements for the year ended December 31, 2021 and transitioned to a more traditional December 31 fiscal year, positioning the Company to accelerate its near-term uplisting strategy.

·        Awarded 5-year blanket purchase agreement with the U.S. General Services Administration as part of the $5 billion in federal funds allocated to EV charging installations in the Biden Administration’s Infrastructure Bill.

·        Signed a new national pricing agreement with Enphase Energy, as well as with a tier-1 global solar panel supplier, to offer the Enphase Energy System including IQ batteries, IQ Microinverters and tier-1 solar panels for residential and commercial solar installations.

·        Secured a $45 million co-development agreement with Lux Power for the installation of 17 solar projects at private high schools across the state of Georgia.

·        Participated in leading investor conferences nationally including the Diamond Equity Emerging Growth Invitational, the 34th Annual ROTH Growth Conference, the Q1 2022 Investor Summit and the Planet MicroCap Showcase.

 

Management Commentary

“The first quarter of 2022 was marked by exciting momentum in our acquisition pipeline, significant continued revenue growth, and the completion of audited financials to facilitate the start of our near-term uplist strategy,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Our focus is now on our uplisting strategy – first to the OTCQB and then to the NASDAQ – which will bring additional liquidity and broaden our shareholder base through an enhanced profile within the investment community. With the completion of our recently announced acquisitions, I believe our sales run rate could potentially grow to exceed $400 million per year by the end of 2022.

 

“On the operational front, we are strategically focusing additional resources on our near-term EV charging pipeline given the recent $5 billion federal commitment for highway EV charging installations as part of the Biden Administration’s Infrastructure Bill. To better position ourselves to capture a more robust portion of this generational opportunity, we recently were one of only 16 companies nationally that were awarded a 5-year blanket purchase agreement with the U.S. General Services Administration to install what could be hundreds of thousands of EV charging stations in the coming years.

 

“Turning to our margin profile, in the first quarter we signed a new pricing agreement with Enphase and a tier-1 solar panel supplier to reduce hardware costs on residential and commercial solar installations by over 25%. This bulk pricing agreement provides a significant opportunity to offer our customers better products, at better pricing, with some of the highest possible project-level margins for our shareholders. This is truly a win-win for all parties involved and we are incredibly excited to partner with a well-known supplier like Enphase.

 

"Looking ahead in 2022 and beyond, we will continue to prioritize the solar and EV charging segments of our business. The opportunity size and margin potential in these industries is particularly attractive for a company such as ours. The SIRC family of companies is well positioned to continue its rapid pace of operational execution, positioning us to create sustainable, long-term value for my fellow shareholders,” concluded Massey.

 

Financial Results for the First Quarter Ended March 31, 2022

·        Revenue in the first quarter of 2022 increased 682% to $27.0 million, as compared to revenue of $3.5 million in the first quarter of 2021. The increase was driven by the Company's continued acquisitions, as well as continued organic growth across the SIRC family of companies.

·        Gross profit increased to $11.3 million, or 41.7% of revenues, in the first quarter of 2022, as compared to a gross loss of $0.5 million, or 13.9% of total revenues, in the first quarter of 2021.

·        Total operating expenses in the first quarter of 2022 totaled $5.2 million, as compared to total operating expenses of $2.6 million in the first quarter of 2021. The increase was mainly attributable to increased operational scale, driven by a series of recent acquisitions.

·        Net income for the first quarter of 2022 was $5.7 million, or $0.01 per basic and diluted common share, as compared to a net loss of $2.3 million, or $(0.01) per basic and diluted common share, in the first quarter of 2021.

·        Cash and cash equivalents totaled $0.7 million as of March 31, 2022, as compared to $1.1 million as of December 31, 2021.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on TwitterFacebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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Monday, May 16, 2022

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

Breaking #Cleantech / #Tech #Stock news: KULR Technology Group (NYSE: $KULR) Reports First Quarter 2022 Financial Results; @KULRTech

 


SAN DIEGO, CA, May 16, 2022 (Investorideas.com Newswire)-- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today reported results for the first quarter ended March 31, 2022.

 

Read this news, featuring KULR in full at https://www.investorideas.com/news/2022/renewable-energy/05161KULR-Q1-Results.asp

 

First Quarter 2022 and Recent Operational Highlights:

 

·        Selected by a multinational technology conglomerate to supply proprietary carbon fiber solution for core component in the sensing of electrical nerve signals to control navigation through virtual environments. This foundational partnership marks KULR’s entry into the Metaverse, where the Company believes it has additional opportunities to support this growing industry.

 

·        Secured a battery safety contract with NASA to test the Company’s lithium-ion cells for future battery packs designed for the Artemis Program, a series of US-led international human spaceflight programs. KULR is processing up to 10,000 lithium-ion cells per week as well as preparing for tests performed by NASA, the Department of Defense (“DoD”), and others performing manned flighted missions.

 

·        Awarded three additional contracts with DoD prime contractors to implement the Company’s carbon fiber cathode solution for high-power magnetic and other covert pulse weaponry initiatives.

 

·        Appointed former NASA Johnson Space Center senior leader Dr. William Walker as Director of Engineering. Dr. Walker will work with the Company’s engineering team on its next generation high-performance computing (“HPC”) and hypersonic vehicle thermal management initiatives.

 

·        Released a passive propagation resistant (“PPR”) solution in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety. The PPR solution meets the upcoming United States Coast Guard’s new safety requirements for the passenger vessel industry and provides additional battery safety options for the cargo, fishing, and cruise verticals. The Company’s solution prevents cell to cell thermal runaway propagation as well as heat, fire, and explosion from exiting the KULR-Tech Safe Case enclosure.

 

Subsequent Events

On May 13, 2022, KULR entered into separate transactions for both a note and a standby equity purchase agreement, allowing the Company to access up to $55 million in additional capital for procuring battery cell supplies as well as other key materials. The Company is securing inventory allocations in anticipation of ongoing demand from its key end markets. In total, KULR expects to procure lithium-ion battery cells providing up to 500-megawatt hours (“MWh”) of energy capacity, enough to power approximately 40,000 homes using currently available domestic energy storage options. Within applications for the energy storage and e-mobility markets, the battery cell supplies would equate to a revenue opportunity of $250-$350 million. To further control supply chain and manufacturing costs and risks, the Company also intends to use these funds to bring much of its production capabilities to North America.

 

Additional details regarding the transactions can be found in the Company’s Form 8-K filing with the Securities and Exchange Commission.

 

Management Commentary

“In the first quarter we took demonstrable steps to support our current operations and future-proof our business in the face of ongoing supply chain challenges and mandated COVID-19 lockdowns in China,” said KULR CEO Michael Mo. “During the period we saw significant inventory buildup in China that delayed over $300,000 in revenues, which we expect to report in the coming quarter. In response to these challenges and potential roadblocks going forward, we’ve taken decisive action in solidifying our access to capital and procuring high-value and high-demand battery supplies. Over the coming year, we expect to procure battery cell supplies equaling up to 500 MWh of energy capacity to ensure we can continue to meet the outsized customer demand we are seeing. Longer term, we plan to consolidate many of our production activities to the U.S. as well.

 

“We are continuing to invest and focus on our core growth segments in energy storage, e-mobility and safe transportation of lithium-ion batteries with the full battery management lifecycle. As we further commercialize these areas, we will leverage our innovative R&D capabilities and products and also reference our partnerships in aerospace, defense, government and regulatory sectors.”

 

First Quarter 2022 Financial Results

Revenues: In the first quarter ended March 31, 2022, revenue decreased to $200,000 from $418,000 reported in the same year-ago period. The decrease in revenue was primarily due to decreased product revenue caused by mandated COVID-19 lockdowns in China, which impacted the Company’s ability to ship finished goods. Lockdown protocols were alleviated in early second quarter of 2022, allowing these products to ship and the Company booked revenue of $325,000 related to the affected sales in Q2 of 2022.

 

Cash: As of March 31, 2022, the Company had $10.1 million of cash compared to $6.2 million in the same year ago period.

 

Gross Margins: Gross margin was 39% in the quarter ended March 31, 2022, compared to 34% in the same year ago period.

 

Selling, General and Administrative (SG&A) Expenses: SG&A expenses increased to $3.5 million in the first quarter of 2022 from $1.5 million in the same year-ago period. The increase in SG&A expenses was due to stock-based compensation issued to employees and consultants, labor costs, and general sales and marketing activities.

 

R&D expenses: R&D expenses in the first quarter of 2022 increased to $721,000 from $123,000 in the same period last year. The increase was due to increases in new engineering hires, investments in manufacturing automation, new product developments, and research in high-areal capacity battery electrodes and solid-state electrolyte.

 

Operating Loss: Loss from operations was $4.2 million for the first quarter of 2022, compared to $1.5 million from the same period last year. The increased operating loss was driven by higher SG&A and R&D costs combined with a year-over-year gross profit decrease of 46%, as a result of impacted product revenue caused by COVID-19 lockdowns in China.

 

Net Loss: Net loss for the first quarter of 2022 increased to $4.1 million, or a loss of $0.04 per share, compared to a net loss of $1.7 million, or a loss of $0.02 per share from the same period last year.

 

Conference Call

The Company has scheduled a conference call for Monday, May 16th, 2022, at 4:30 pm ET to discuss these results. Michael Mo, KULR’s CEO; Keith Cochran, President & COO, and Simon Westbrook, CFO, will provide a business update for the Company followed by a question-and-answer period.

 

To access the call:

Dial-In Number: 1-857-232-0157

Access Code: 422095

 

Please call the conference telephone number 10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Investor Relations at 949-574-3860.

 

The conference call will be available for replay here and via the Investor Relations section of KULR’s website.

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Media Relations:

Annika Harper

The Antenna Group

KULR@antennagroup.com

 

Investor Relations:

Tom Colton or Matt Glover

Gateway Investor Relations

Main: (949) 574-3860

KULR@gatewayir.com

 

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