GreenEnergyBreaks Archive - Page 48 of 103

ThursdayJun 29, 2023 10:36 am

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Reports Sale of EV Cargo Vans to Partner Automotive Group

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, has sold 22 EV cargo vans to the Randy Marion Automotive Group, the company’s authorized distributor of commercial EVs in the United States. The sale marks the company’s first revenue, which will be reported in the next quarterly report, for the period ending June 30, 2023. Revenue from the sales will total $308,000. The company is reporting that the vans will start shipping today from Mullen’s Mississippi-based assembly plant to Randy Marion Automotive Group in North Carolina. The announcement also noted that Mullen is currently “in process” with six campus…

WednesdayJun 28, 2023 11:56 am

GreenEnergyBreaks – EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Receives $15M Funding from Clean Fuels Fund

EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, has been awarded $10.5 million from Natural Resources Canada’s (“NRCan”) Clean Fuels Fund. The funding will support the development of the company’s Renewable Natural Gas (“RNG”) expansion at its Pacific Coast Renewables (“PCR”) facility. The Clean Fuels Fund is a program developed by the Canadian government to support the growth of the domestic clean fuels industry, thereby reducing Canada's greenhouse gas emissions. According to the announcement, the Pacific Coast Renewables RNG expansion project is now fully funded. The company stated that the facility expansion, which is designed to…

TuesdayJun 27, 2023 11:41 am

GreenEnergyBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Series D Holders Exercise Final $100M Investment Option

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that on June 23, 2023, its Series D investors exercised their final option, expiring June 30, 2023, for $100 million. The move resulted in additional funding of $100 million to the company. Mullen now has more than $235 million in cash and cash equivalents on its balance sheet, which is after expending $253 million-plus for two completed acquisitions that added valuable, unencumbered assets for the majority ownership in Bollinger Motors and certain assets related to Electric Last Mile Solutions (“ELMS”). “We are in the best financial position in…

MondayJun 26, 2023 10:56 am

GreenEnergyBreaks — Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2) Contracts with CGI for Initial Drill Program, Reprices Warrants

Reflex Advanced Materials (CSE: RFLX) (OTCQB: RFLXF) (FSE: HF2), a mineral exploration company, has engaged Childs Geoscience Inc. (“CGI”) to manage the initial drill program at its Ruby Graphite Deposit, located in Beaverhead County, Montana. According to the announcement, Reflex anticipates the program to begin later this month. The program will consist of at least 3,500 meters of diamond core drilling. In addition, CGI will also move forward with other geological studies at the project, including geophysical surveys and outcrop inspection and sampling; the company will also prepare key technical reports. CGI offers skilled, competent personnel ranging from field technicians and…

ThursdayJun 22, 2023 3:57 pm

GreenEnergyBreaks – Astra Energy Inc. (ASRE) Announces MOU to Develop 350-MW Power Plant in Mainland Tanzania

Astra Energy (OTCQB: ASRE) has announced that its subsidiary Astra Energy Tanzania Limited has executed a memorandum of understanding (“MOU”) with the Tanzania Electric Supply Company (“TANESCO”) to develop a 350-megawatt (“MW”) combined cycle power plant in mainland Tanzania. As with the previously announced 50 MW Clean and Renewable Energy Park Project at Kibele Landfill in Zanzibar, Astra intends to own and operate the 350 MW project as an independent power producer, selling the power to TANESCO. The combined projects have the potential to generate significant recurring revenues for the company, with a potential projected gross revenue stream of an…

ThursdayJun 22, 2023 11:07 am

GreenEnergyBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Closes First $3.5M Tranche of Non-Brokered Private Placement

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a leading green ammonia company, yesterday announced its completion of the first tranche of its $7,500,000 non-brokered private placement, issuing 53,870,699 units, each at a price of $0.065, for gross proceeds of $3,501,595. “We are extremely pleased with closing the first $3,500,000 tranche of our active $7,500,000 financing,” said Ian Clifford, CEO and board chair of FuelPositive. “We are grateful to our existing shareholders for their ongoing support and welcome many new strategic investors who share FuelPositive’s values and goals. This is an important financial milestone that provides the necessary runway to reach several major…

WednesdayJun 21, 2023 3:06 pm

GreenEnergyBreaks – Correlate Infrastructure Partners Inc. (CIPI) Raises $2.5M in New Funding, Expands Team to Add Seasoned Professionals

Correlate Infrastructure Partners (OTCQB: CIPI), a growth-oriented distributed energy company, today announced that it has raised over $2.5 million in new funding from investors in fiscal year 2023 from a private placement of a secured convertible note offering. The company intends to use the net proceeds to ramp up its project fulfillment capabilities and for working capital purposes. In addition, Correlate announced the hiring of two seasoned professionals to its senior management team, enhancing the company's leadership capabilities and expertise. Roger Baum, an accomplished construction industry veteran, has joined Correlate as the EVP of Operations. Jed Freedlander, with a background…

WednesdayJun 21, 2023 12:54 pm

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Moratorium on New Financings, Sufficient Capital for at Least 12 Months

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced an investor financing moratorium for the balance of 2023 and that it has sufficient capital on hand for at least the next 12 months. In addition, the company confirmed that remaining investor option expires on June 30, 2023, and that its assets are unencumbered with the exception of $7.3 million outstanding debt. Mullen continues to trade at a steep discount to its current cash position of $135 million or $0.38 per share as of June 13, 2023. The company’s book value was $2.08 per share ss of its…

TuesdayJun 20, 2023 3:48 pm

GreenEnergyBreaks – Astra Energy Inc. (ASRE) Moves to Secure 207-Acre Land Package for ZCREP Project

Astra Energy (OTCQB: ASRE) today announced that it has successfully presented a feasibility report and executed documentation to secure 207 acres of land on a 33-year renewable lease with the Revolutionary Government of Zanzibar for Astra’s Zanzibar Clean and Renewable Energy Park project (“ZCREP”). Astra officials met with the president of Zanzibar, H.E. Dr. Hussein Mwinyi (“H.E.”), along with officials from Zanzibar Electricity Corporation (“ZECO”), the Ministry of Water, Energy and Minerals, and the Zanzibar Utilities Regulatory Authority, and presented the completed feasibility study for the project. H.E. restated his continued support for the ZCREP project and encouraged Astra and…

TuesdayJun 20, 2023 3:06 pm

GreenEnergyBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Featured in Taking Care of Business Newscast

FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is committed to providing commercially viable and sustainable clean technology solutions, including an on-farm/onsite, containerized green ammonia (“NH3”) production system that eliminates carbon emissions from the production of NH3. The company’s board chair and CEO Ian Clifford recently sat down with Mario Toneguzzi, the managing editor of Canada’s podcast. In the interview, Clifford discussed FuelPositive’s business model and innovative technology that will play a role in the massive global decarbonization movement in multiple sectors. “You can be part of a multibillion-dollar, 100-year-old industry that needs disrupting,” Clifford said, when asked by Toneguzzi why he should…

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