Wednesday, November 30, 2022

MissionIRNewsBreaks – Vision Energy Corp. (VIHDD) Announces IBN as Corporate Communications Partner

 Vision Energy (OTCQB: VIHDD), a forward-looking energy company developing carbon-reduced solutions for the commercial, industrial and transportation sectors, is partnering with InvestorBrandNetwork (“IBN”) for its corporate communications needs. IBN is a multifaceted financial news and publishing company that services private and public entities. According to the announcement, Vision Energy brings impressive experience to the energy space, including a proven track record in site and asset procurement, and development and permitting processes, as well as plant design and grid integration to enable low-carbon energy production, supply and distribution. The company is focused on providing low-carbon energy solutions with maximized yield. Vision Energy is committed to the idea that hydrogen and liquid carriers of hydrogen are the most reliable alternatives to fossil fuels. Vision Energy will collaborate with IBN to ensure news and information about the company will be distributed over IBN’s network of more than 5,000 key syndication outlets as well included in newsletters and social media channels. IBN will also utilize its wire services, blogs and other outreach tools to increase and strengthen awareness of Vision Energy powerful approach to energy solutions. “In northwestern Europe, Vision Energy’s initial target market, demand for green hydrogen produced by renewable energy is growing rapidly,” said IBN director of client solutions Chris Johnson in the press release. “We’re excited to customize our comprehensive suite of corporate communications solutions for the company as it advances development of its Green Energy Hub in the Netherlands – positioned as the first terminal in Europe focused on green and low-carbon energy products – while eyeing a total addressable market that’s on course to hit €10 billion by 2050.”

To view the full press release, visit https://ibn.fm/3YIRE

About Vision Energy Corporation

Vision Energy is an integrated energy company developing assets and solutions for the commercial, industrial and transportation sectors. The company is leveraging its proven track record in site and asset procurement, accelerating development and permitting processes, plant design, and grid integration to facilitate low-carbon energy production, supply and distribution. The company pursues reliable offtake relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low carbon energy solutions with the highest yield, and where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and or distribution of reduced-carbon energy to domestic and global supply chains. For more information about the company, visit www.VisionEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to VIHDD are available in the company’s newsroom at https://ibn.fm/VIHDD

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

MissionIRNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Moves to Significantly Expand Land Position at Iska Iska

 Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) today announced its entry into an option agreement to acquire the Mina Casiterita and Mina Hoyada properties, which collectively cover 14.75 km southwest and west of the Iska Iska Silver-Tin Polymetallic Project. According to the update, artisanal mining in the 1960s identified high-grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. From 1962 to 1964, the Departamento Nacional de GeologĂ­a (National Department of Geology) reported production in Bolivia as 69.85 tonnes grading 50.60% Sn. The company has also staked additional claims in the Iska Iska region. Following the acquisition, Eloro will control the land package collectively totaling 1,935 quadrants covering 483.75 km. “These properties will add significantly to our land position at Iska Iska and provide an excellent opportunity to test the potential for a major tin deposit with much shallower diamond drilling than on the main Iska Iska discovery,” said Tom Larsen, CEO of Eloro. “Geological mapping and sampling is in progress on these new properties as well as magnetic surveys. Immediately following the completion of its acquisition, we plan to drill test major targets on the Mina Casiterita property.”

To view the full press release, visit https://ibn.fm/sb3pw

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A recent NI 43-101 technical report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the north-central mineral belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. For more information about the company, visit www.EloroResources.com.

NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html


MissionIRNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Close on $6M Private Placement Funding

 InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, has closed on a private placement with two healthcare-focused institutional investors. The placement included the sale of 1,818,185 INM common shares, which were issued at a purchase price of $3.30 per share (or prefunded warrant in lieu thereof); the shares were priced at-the-market under NASDAQ rules. The announcement also noted that InMed issued unregistered preferred investment options to the investors in the offering to purchase up to 3,272,733 common shares. The offering resulted in approximately $6 million in gross proceeds for the company, which plans to use the funds to continue pipeline development of its pharmaceutical drug candidates as well as advance manufacturing know-how of cannabinoids and cannabinoid analogs; the company may also use portions of the proceeds to support intellectual property development and other commercial activities and for general working capital purposes. According to the announcement, H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

To view the full press release, visit https://ibn.fm/5E3kr

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the pharmaceutical research, development and manufacturing of rare cannabinoids and cannabinoid analogs, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, please visit www.InMedPharma.com.

NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://ibn.fm/INM

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

MissionIRNewsBreaks – Freight Technologies Inc. (NASDAQ: FRGT) Releases Q3 2022 Financial Report

 Freight Technologies (NASDAQ: FRGT), a technology company based on its custom-developed Fr8App platform, which is powered by AI and machine learning and which offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (“NAFTA”) region, is reporting on its third-quarter 2022 revenue for the period ended Sept. 30, 2022. According to the report, the company showed revenue growth of 38% over the same period last year, reporting revenue of $7.7 million for this quarter compared to $5.6 million for Q3 2021. The company also announced an adjustment in full-year 2022 revenue guidance, increasing it to $29 to $30 30 million, up an estimated 25% to 40% from Fr8App’s 2021 full-year revenue of $21.5 million. “Third-quarter 2022 revenue increased 38% on a year-ago quarter basis and 32% on a year-over-year basis,” said Fr8Tech CEO Javier Selgas in the press release. “The growth reflects greater traction in each of our dedicated capacity product Fr8Fleet and a strong performance from our cross-border group. It is also the first quarter in which we stopped servicing our legacy broker accounts, consistent with our strategy of pursuing key relationship accounts on the shipper end. Fr8App continues to offer many advantages, including improved operational efficiencies, additional security benefits and the possibility of end-to-end paperless shipping, that benefit both shipper and carrier customers. Our strategy of pursuing businesses complementary to our cross-border business for key relationship accounts is also showing positive results. Some of our key accounts in Fr8Fleet are actively pursuing cross-border opportunities with us in addition to expanding their Fr8Fleet requests from the company.”

To view the full press release, visit https://ibn.fm/cwjLl

About Freight Technologies Inc. 

Freight Technologies is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary Freight App Inc. (“Fr8App”) is a business-to-business, cross-border shipping marketplace in the NAFTA region powered by artificial intelligence (“AI”) and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management and committed capacity solutions. For more information about the company, please visit www.FR8Technologies.com.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html

Correlate Infrastructure Partners Inc. (CIPI) Eyeing Big Net Gains Following the Enactment of the Inflation Reduction Act; Has Finalized M&A Plans Through Q2 2023 and Posted Revenue Jump

 

  • With the recently passed Inflation Reduction Act, Correlate looks to achieve significant net gains
  • The company just posted a significant revenue bump from $236,690 in Q2 2022 to $2,313,577 in Q3 2022, plus shows project opportunities of up to $194 million
  • Todd Michaels, Correlate’s CEO, has also noted the company’s finalized M&A plans through Q2 2023, integral to scaling up the size and overall value of its projects and further growing revenue
  • In September, the company entered into a non-binding letter of intent to acquire Vermont-based Aegis Renewable Energy Inc., which, once finalized, will present Correlate with new strategic abilities to explore the bludgeoning Northeast renewable energy market

Correlate Infrastructure Partners (OTCQB: CIPI), a tech-enabled development, finance, and fulfillment platform for distributed energy solutions across North America, just released its financial report for the third quarter of the 2022 financial year (“Q3 2022”). Of obvious note was the significant bump in revenue from $236,690 in Q2 2022 to $2,312,577. While speaking during the announcement, Todd Michaels, Correlate’s CEO, lauded the company’s performance and expressed his optimism for the company’s future, particularly with the enactment of the Inflation Reduction Act (https://ibn.fm/wVfqP).

Mr. Michaels acknowledged the Act, citing its benefits to clients and investors in the renewable energy space, reporting that the move will be a significant net gain for the company and integral in opening it up to new markets in 2023.

“The Inflation Reduction Act enacted in late August provided new tax incentives that reduce costs for clients and/or elevate returns to investors; this led to larger contract sizes with redesigns to domestic content,” noted Mr. Michaels.

“While this meant delaying some project starts, it will be a big net gain, and will open new markets for us in 2023,” he added.

The Inflation Reduction Act was designed to offer renewable technologies tax credits. While it promises immediate results and benefits, the most significant impact is projected to be felt toward the end of the decade once supply-chain issues are fixed. For example, through this Act, it is estimated that solar power plants built between 2022 and 2030 will generate over 364 gigawatts of electricity, which is more than three times the capacity of all US solar plants in operation in 2021 (https://ibn.fm/Gupzo).

Currently, Correlate has project opportunities valued at up to $194 million, with projects in development that have been awarded agreements and contracts that have been executed and are under installation. With the implemented Act, it looks to significantly scale up its projects’ size and overall value, ultimately growing its revenue and creating even more value for its shareholders. This will also be achieved by Correlate’s ambitious M&A plan, which Mr. Michaels notes the company has already finalized.

“With this in mind [anticipated project delays], we have finalized our M&A plans through Q2 2023 and seek to close our first acquisition by year-end,” noted Mr. Michaels.

In September, Correlate entered into a non-binding letter of intent to acquire Vermont-based Aegis Renewable Energy Inc., a leading commercial, industrial, and community solar company focused on solar project development and engineering, procurement, and construction (“EPC”). Through this acquisition, Correlate hopes to capitalize on new strategic abilities to explore the bludgeoning Northeast renewable energy market where some of the states in the region, such as Vermont, have set goals to meet 90% of their energy needs with renewable sources by 2050 (https://ibn.fm/f5DuI).

Correlate remains optimistic about its performance going forward and looks to capitalize on new and existing opportunities to achieve its short-term and long-term goals. Mr. Michaels is confident that the recently-implemented Inflation Reduction Act will play an integral role in the company’s growth, expansion of its opportunity pipeline, and value creation for its shareholders.

For company information, visit the company’s website at www.CorrelateInfra.com, including the following:

NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

About MissionIR

MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

For more information, visit www.MissionIR.com

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html


MissionIRNewsBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Releases Q3 2022 Earnings Report and Corporate Update, Plans Earnings Call

 EverGen (TSX.V: EVGN) (OTCQB: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has released its financial results and corporate update for the three- and nine-month periods ended Sept. 30, 2022. The Q3 report milestones include quarterly revenue numbers that were in line with last year, poised for growth with core expansion projects under construction on schedule and on budget; a signed term sheet for a long-term RNG offtake agreement at Fraser Valley Biogas (“FVB”); the completed acquisition of GrowTEC and construction of RNG expansion reaching 80% completion; secured funding for EVGN’s core RNG expansion projects, including a signed term sheet for a $31 million senior term loan; and the groundbreaking of the FVB expansion project. Specific financial numbers (all amounts are in Canadian dollars) show cash and cash equivalents of $12.8 million post-Capex spend of $3.5 million and $1.5 million of insurance proceeds received; revenues of $2 million, up from $1.9 million in Q3 2021; net income loss of ($1.8) million; and adjusted EBITDA of $0.7 million, which was in line with Q3 2021 results of $0.8 million, despite a carryover impact from flood-related costs as well as increased general and administrative costs related to future growth. The company has scheduled a Zoom earnings conference call, which will be held today at 10 a.m. ET. EverGen CEO Chase Edgelow will host the call. “It is an exciting time for EverGen with strong momentum in the RNG market and as one of the first movers in Canada in terms of consolidating assets across the country,” said EverGen CEO Chase Edgelow in the press release. “We are thrilled with the progress at our core RNG expansion projects that, once producing, will see us jump from C$3 million to C$13 million in run rate EBITDA and are fully funded. With our GrowTEC facility commissioning imminently and construction at Fraser Valley Biogas underway, we are anticipating a strong start to 2023.”

To participate in the zoom call, visit https://ibn.fm/1T5C9

To view the full press release, visit https://ibn.fm/61c9H

About EverGen Infrastructure Corp.

EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. EverGen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen and its products, visit www.EverGenInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com

Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html