Industrials -
Electrical Equipment & Parts - NASDAQ - CN
$ 2.24
7.18 %
$ 98.6 M
Market Cap
-56.0
P/E
1. INTRINSIC VALUE
Balance Sheet
Erayak Power Solution Group Inc.
| Current Assets | 33.1 M |
| Cash & Short-Term Investments | 533 K |
| Receivables | 13.5 M |
| Other Current Assets | 19.1 M |
| Non-Current Assets | 12.9 M |
| Long-Term Investments | 411 K |
| PP&E | 8.62 M |
| Other Non-Current Assets | 3.92 M |
| Current Liabilities | 15.5 M |
| Accounts Payable | 8.34 M |
| Short-Term Debt | 1.22 M |
| Other Current Liabilities | 5.98 M |
| Non-Current Liabilities | 3.91 M |
| Long-Term Debt | 3.91 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Erayak Power Solution Group Inc.
| Revenue | 30.3 M |
| Cost Of Revenue | 26.3 M |
| Gross Profit | 3.99 M |
| Operating Expenses | 5.56 M |
| Operating Income | -1.57 M |
| Other Expenses | -449 K |
| Net Income | -1.12 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Erayak Power Solution Group Inc.
| Net Income | -1.12 M |
| Depreciation & Amortization | 1.12 M |
| Capital Expenditures | -555 K |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -16.4 M |
| Others | -8.55 M |
| Free Cash Flow | -16.4 M |
Wall Street Analysts Price Targets
Erayak Power Solution Group Inc.
RAYA has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
RAYA does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Erayak Power Solution Group Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Erayak Power Solution Group Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification
WENZHOU, China , Nov. 20, 2023 /PRNewswire/ -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, announced today that on November 15, 2023, the Company received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until May 13, 2024, to regain compliance with the minimum bid price requirement.
prnewswire.com
- 1 year ago
Erayak Power Solution Group Inc. to Participate in Two Upcoming Conferences in October 2023
Wenzhou, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, will be participating in two upcoming conferences in October 2023.
globenewswire.com
- 1 year ago
Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and Product Offerings
Wenzhou, China, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, is pleased to announce that the Company is discussing with potential strategic partners to expand its market opportunities and product reach.
globenewswire.com
- 1 year ago
Erayak Power Solution Group Inc. Initiates Plans to Expand into the Middle East and South Asia
Wenzhou, China, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, is pleased to announce that it has plans to expand its business operations and distribution within the Middle East and South Asia.
globenewswire.com
- 1 year ago
Erayak Power Solution Group Inc. Participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23
Wenzhou, China, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23, in Wenzhou, China. The Company promoted its latest DBS Portable Power Station Series, which helped provide iced drinks during the event.
globenewswire.com
- 1 year ago
Erayak Power Solution Group Inc. to Deliver a Live Presentation at the Skyline Signature Series™ on Monday, July 24, 2023
The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™ The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™
globenewswire.com
- 1 year ago
Vantage Data Centers Announces Second Campus in Cyberjaya
DENVER & SINGAPORE--(BUSINESS WIRE)--Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the development of a second data center campus (KUL2) in Cyberjaya with an additional planned US $3 billion (RM13.32 billion) investment. Upon completion, the KUL2 campus will deliver 256MW of IT capacity to meet the growing customer demand for hyperscale data center services. Located adjacent to Vantage’s existing campus (KUL1) in Cyberjaya, the campus will be sited on nearly 35 acres and will include 10 facilities across 256,000 square meters (2.75 million square feet). Strategically located to provide low-latency connectivity to major cities in the region, including Singapore, Bangkok and Jakarta, the state-of-the-art mega campus will be built to the highest standards of performance, reliability and security, with multiple layers of physical and virtual security measures in place to protect against threats. The first facility is planned to open its doors in the fourth quarter of 2025. In addition, Vantage is expanding its KUL1 campus with a fourth 16MW facility that is currently under development. Combined, both campuses will deliver a total of 287MW of IT capacity to meet the demands of hyperscalers, cloud providers and large enterprises. “Vantage has been expanding our footprint in Malaysia since we entered the dynamic Asia-Pacific market. Our positive experience in Cyberjaya has encouraged us to take further steps to advance the city’s digital infrastructure by building our largest hyperscale campus in the region,” said Giles Proctor, chief operating officer of Vantage’s APAC business. “With exciting opportunities ahead, Vantage is committed to driving innovation, sustainability and growth in the region to meet the demands of both global and local customers.” At a ceremony today, Vantage signed an agreement with Cyberview, the tech hub developer of Cyberjaya, to move towards implementation of this investment. The event took place at the Cyberview Hari Raya Open House and Cyberjaya 26th Anniversary Celebration, officiated by YB Fahmi Fadzil, Minister for Communications and Digital of Malaysia and Brian D. McFeeters, U.S. Ambassador to Malaysia. “We are honored that Malaysia is the location of choice for industry experts like Vantage to establish their data centers. The development of KUL2 as Vantage’s second data center campus serves as proof that Malaysia has emerged as the most desired destination for data center investments in the Asia Pacific region. We are confident that Vantage’s efforts will assume a crucial role in propelling Malaysia to achieve its goal of becoming a digital nation and realizing a 22.6% GDP growth from the digital economy by 2025,” said Datuk Wira Arham Abdul Rahman, chief executive officer of Malaysian Investment Development Authority (MIDA). “As the foremost provider of comprehensive investment solutions and a strategic investment partner in Malaysia, MIDA is dedicated to supporting Vantage’s success and furthering the country’s position as a prominent digital hub in the region.” “With Vantage Data Centers’ investment in Malaysia, we are one step closer towards our goal of firmly establishing Malaysia as the digital hub of ASEAN. The Malaysia Digital (MD) national strategic initiative aims to transform the nation’s digital capabilities, enhancing our value proposition to attract digital investments and boost the digital economy,” said Mahadhir Aziz, chief executive officer of Malaysia Digital Economy Corporation (MDEC). “We are committed to supporting Vantage’s presence here and the growth of the nation’s data center industry via various PEMANGKIN initiatives. Vantage’s new data center campus not only strengthens Malaysia’s digital infrastructure but also accelerates our ongoing digital transformation. This move signifies continued confidence in Malaysia’s robust and enabling data center ecosystem, digitally skilled talent and world-class infrastructure.” Vantage Data Centers currently has seven campuses across the region that are either operational or under development. For more information on the company’s campuses in the Asia-Pacific region, please visit https://vantage-dc.com/data-center-locations/apac/. About Vantage Data Centers Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands. For more information, visit www.vantage-dc.com.
businesswire.com
- 2 years ago
Carbon Streaming公布截至2022年12月31日的六个月财务业绩
多伦多--(BUSINESS WIRE)--(美国商业资讯)--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q)（“Carbon Streaming”或“公司”）今天公布了截至2022年12月31日的六个月财务业绩。除非另有说明，否则所有数字均以美元为单位。公司将于美国东部时间2023年3月30日（周四）上午10:00举行实时音频电话会议。 Carbon Streaming创始人兼首席执行官Justin Cochrane表示：“随着我们建立高质量、多样化的项目组合，我们很高兴看到公司的几个项目产生了积极的可持续影响，并朝着在2023年交付碳信用的方向前进。2022年12月，我们的Rimba Raya项目根据Reg 21条例在SRN进行了验证，令我们备受鼓舞，我们期待该项目早日达到通过验证所需的里程碑。我们预计2023年对于Carbon Streaming而言将是革命性的一年，因为我们预计将从10余个具有现金流增长潜力的项目中获得碳信用或特许权使用费。” Cochrane先生补充道：“预计业界今年还将出台几项关键的行业举措，如发布核心碳原则(Core Carbon Principles)和国际可持续发展准则理事会(ISSB)的气候相关信息披露标准，这些举措有助于提高自愿碳市场的透明度。最后，我们预计发布气候承诺的公司数量将继续增加。在自愿碳市场出现上述发展动力的背景下，我们相信，市场对我们投资组合中碳信用的需求将进一步加强。” 公司亮点 截至2022年12月31日的三个月 本季度末，现金为7,030万美元，无公司债务。 截至2022年12月31日的三个月内，售出122,995个碳信用，收入为110万美元，售出的每个碳信用的平均实现价格为8.61美元（截至2022年6月30日的三个月内，售出162个碳信用，每个碳信用的平均实现价格为12.35美元）。更多信息请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 截至2022年12月31日的三个月的确认净收入为480万美元（截至2022年6月30日的三个月，净收入为2,920万美元）。在对认股权证负债的重估、碳信用流和特许权使用费协议的重估以及衍生品负债的重估进行调整后，截至2022年12月31日的三个月的调整后净亏损为570万美元（截至2022年6月30日的三个月，调整后净亏损为350万美元）。请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 本季度支付了50万美元，并承诺为新的碳信用流和特许权使用费协议、提前存款利息和其他资产支付80万美元的预付存款。 宣布根据印尼新的碳法规——2022年第21号法规(“Reg 21”)在印度尼西亚国内碳登记处Sistem Registri Nasional Pengendalian Perubahan Iklim (“SRN”)对Rimba Raya项目进行验证。初始验证区域的减排量预计平均每年约为270万吨二氧化碳当量(“tCO2e”)，并在项目剩余的50年寿命内产生同等数量的碳信用（该项目目前预计将持续到2073年）。 宣布与Standard Biocarbon Corporation开展有关碳信用流和相关特许权使用费（统称为“恩菲尔德生物炭流”）的合作，以支持在美国缅因州恩菲尔德建设试点生物炭生产设施。该项目预计将在30年的项目寿命期内消除约9万吨二氧化碳当量的排放，并产生同等数量的二氧化碳去除证书(“CORC”)。该项目预计在整个项目寿命期内将生产约25万立方码的生物炭，公司将按照销售量获得特许权使用费。 发布公司的第一份可持续发展报告，其中描述了Carbon Streaming的商业模式、气候行动和影响投资的方法、尽职调查和治理实践、指导原则以及公司的环境和社会影响。 从项目组合中扣除125个碳信用，抵消的碳排放量相当于公司2021年排放量的五倍。 截至2022年12月31日的六个月 截至2022年12月31日的六个月内，售出125,159个碳信用，收入为110万美元，售出每个碳信用的平均实现价格为8.68美元（截至2022年6月30日的一年，售出25,162个碳信用，每个碳信用的平均实现价格为5.84美元）。更多信息请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 截至2022年12月31日的六个月的确认净收入为240万美元（截至2022年6月30日的一年，净亏损为1,290万美元）。在对认股权证负债的重估、碳信用流和特许权使用费协议的重估以及衍生品负债的重估进行调整后，截至2022年12月31日的六个月的调整后净亏损为1,110万美元（截至2022年6月30日的一年，调整后净亏损为1,760万美元）。请参阅本新闻稿的“非IFRS指标和业绩指标”部分。 在上述期间支付了1,380万美元，并承诺为新的碳信用流和特许权使用费协议、提前存款利息和其他资产支付260万美元的预付存款。 将公司的投资组合扩大到10个碳流和特许权使用费，涵盖12个国家的21个碳信用项目。 在2022年12月31日之后 从公司的碳流和特许权使用费组合中获得首次发放的碳信用。公司从塞拉多生物群系碳流(Cerrado Biome Stream)中获得2017年至2021年的316,781个碳信用。 获得国际碳减排与抵消联盟(“ICROA”)认证。ICROA认证计划旨在定义并推广高质量减排融资的最佳实践，并将碳信用作为一种有效的碳管理工具。 亮点摘要 截至以下日期的三个月 截至以下日期的三个月 截至以下日期的六个月 截至以下日期的十二个月 截至以下日期的十二个月 （百万美元） 2022年12月31日 2022年6月30日 2022年12月31日 2022年6月30日 2021年6月30日 来自碳信用销售的收入 $ 1.1 $ 0.0 $ 1.1 $ 0.1 $ - 售出的碳信用数量（个碳信用） 122,995 162 125,159 25,162 - 售出的每个碳信用的平均实现价格（美元/碳信用） $ 8.61 $ 12.35 $ 8.68 $ 5.84 $ - 售出的每个碳信用的现金成本（美元/碳信用） 5.00 5.00 5.00 5.00 - 毛利润 $ 0.4 $ 0.0 $ 0.5 $ 0.0 $ - 其他营业费用 6.3 3.5 11.7 17.6 4.6 净收入（亏损） $ 4.8 $ 29.2 $ 2.4 $ (12.9 ) $ (4.6 ) （基本）每股收益（亏损）（美元/股） 0.10 0.77 0.05 (0.34 ) (0.57 ) （摊薄）每股收益（亏损）（美元/股） 0.10 0.77 0.05 (0.34 ) (0.57 ) 调整后净亏损1 $ (5.7 ) $ (3.5 ) $ (11.1 ) $ (17.6 ) $ (4.6 ) 调整后（基本）每股净亏损（美元/股） 1 (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) 调整后（摊薄）每股净亏损（美元/股） 1 (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) 现金2 $ 70.3 $ 93.2 $ 70.3 $ 93.2 $ 108.4 1. “调整后净亏损”（包括每股金额）是一项非IFRS财务业绩指标，用于本新闻稿和相关管理层讨论和分析。这项指标在IFRS中不具有任何标准化含义，因此可能无法与其他发布者提出的类似指标进行比较。有关这项指标的更多信息、公司使用该指标的原因，以及与IFRS中最直接可比指标的核对，请参阅本新闻稿的“非IFRS指标和业绩指标”部分以及相关的管理层讨论和分析。 2. 截至相关表格报告日期的现金。 碳流和特许权使用费投资组合更新：截至2022年12月31日的三个月 公司越来越多侧重于通过项目开发、碳信用的营销和销售来支持其现有的碳流和特许权使用费。在公司的碳流和特许权使用费协议下，各项目的主要进展包括： Rimba Raya碳流(Rimba Raya Stream)：2022年12月，Rimba Raya项目下的部分项目区域根据Reg 21在SRN实现了注册和验证。最初的Verra项目由四个地块组成；项目在SRN的初步验证包括四个地块之一，共计36,331公顷，其中约2.8万公顷为碳核算区域，与Verra方法下的项目区域大致一致。 此项目在SRN的验证预计将涵盖2019年7月1日至2022年12月31日期间，在扣除任何缓冲之前，预计将达到总计约980万个碳信用。 社区碳流(Community Carbon Stream)：在本碳流内的七个项目中，有四个项目开始分发炉灶或净水装置，符合预期进度。公司预计将于2023年从几个正在进行的项目中首次发放碳信用。 可持续社区碳流(Sustainable Community Stream)：魁北克可持续社区项目的核查报告正在推进中。项目运营商Will Solutions仍有望在2023年下半年首次交付该碳流项目的碳信用。 马格达莱纳湾蓝色碳流(Magdalena Bay Blue Carbon Stream)：12月，Osisko Gold Royalties Ltd (“Osisko”)行使其收购20%碳流的权利，这使Osisko有权获得该碳流产生的净现金流的20%。Osisko向公司支付了60万美元（相当于公司迄今为止向项目合作伙伴MarVivo Corporation支付的预付定金的20%），并有义务在到期时为20%的剩余预付定金提供资金。MarVivo Corporation预计，马格达莱纳湾蓝色碳流项目将于2024年首次发放碳信用。 纳尔贡达水稻种植碳流(Nalgonda Rice Farming Stream)：本季度继续推进项目验证活动、土地所有者登记和扩大项目规模，约有2.8万名土地所有者（涉及约3万公顷农田）参与了此项目。2023年3月，Verra宣布正在考虑制定一种修订后的水稻专用方法，该方法将取代项目目前使用的方法。本项目正在根据现有方法进行验证，预计在新方法最终确定并发布后，项目将过渡到修订后的方法。 韦弗利生物炭流(Waverly Biochar Stream)：生物炭生产设施的组装和测试在本季度取得了进展。第一批生物炭生产和项目注册将于2023年年中进行，预计在2023年下半年首次发放二氧化碳去除证书(CORC)。 恩菲尔德生物炭流(Enfield Biochar Stream)：生物炭生产设施的建设和安装在本季度取得了进展。生物炭生产预计将于2023年下半年开始，之后不久将发放二氧化碳去除证书(CORC)。 塞拉多生物群系碳流(Cerrado Biome Stream)：2022年12月，Verra确认最终批准本项目，公司在本季度末后获得首次发放的316,781个碳信用。公司预计将在未来12个月内出售这些碳信用。 FCG亚马逊组合特许权使用费(FCG Amazon Portfolio Royalty)：本项特许权使用费涵盖的四个项目中的一个项目发放了碳信用，并在季度结束后为第二个项目发放了碳信用。公司有权从销售碳信用产生的收入中获得5%的特许权使用费，并预计从2023年下半年开始从特许权使用费中获得现金流。 战略和前景 Carbon Streaming的战略继续专注于购入更多碳流和特许权使用费，以促进项目组合多样化和增长，并通过项目开发以及碳信用的营销和销售来支持现有的碳流和特许权使用费。在截至2022年12月31日的六个月期间，公司宣布了几项新的碳信用流和特许权使用费协议，增加了公司投资组合的规模。此外，在此期间，Rimba Raya项目根据印尼新的碳法规Reg 21在政府运营的碳登记处SRN进行了验证。 公司还将继续实施其销售战略。Carbon Streaming认为，制定和执行强有力的销售战略将吸引高质量碳信用买家，也将惠及项目合作伙伴和其他利益相关者。公司预计2023年将从10余个项目中获得碳信用或特许权使用费，公司的销售基础设施将继续发展。在报告期结束后，Carbon Streaming在塞拉多生物群系碳流(Cerrado Biome Stream)下获得了316,781个碳信用，公司预计将在未来约12个月内通过多个渠道出售这些碳信用。 印度尼西亚情况更新 2022年10月，印度尼西亚环境与林业部(“MOEF”)发布了《碳经济价值的实施程序》第21号条例(“Reg 21”)，为印尼国内和国际碳交易制定了框架。根据Reg 21的规定，印尼的所有碳排放项目都必须在SRN进行注册、核实和验证。此外，作为印尼对《巴黎协定》承诺的一部分，印尼可以扣留为外国温室气体排放抵消所发放的10%至20%的碳信用，以满足印尼的国家自主贡献(“NDC”)。在适用子部门连续两年实现国家自主贡献目标后，可以释放此类扣留的碳信用。印度尼西亚环境与林业部将负责确定缓冲量，并可能根据对已验证的国家自主贡献年度目标成果报告结果的评价进行定期变更。预计印尼还将留存另外5%的碳信用，用于印尼的国内温室气体排放抵消。 2022年12月，Rimba Raya项目成为首个根据Reg 21在SRN进行验证的REDD+项目。验证过程于2023年第一季度开始，预计涵盖2019年7月1日至2022年12月31日期间，在扣除所有缓冲（包括根据Reg 21履行的国家自主贡献缓冲和国内市场使用的要求）之前，预计总计约980万个碳信用。在完成项目验证后，Rimba Raya的碳信用预计将由SRN发放和跟踪。 本公司和项目合作伙伴InfiniteEARTH Limited将印尼制定国家碳政策视为一项将对印尼、碳市场和全球气候行动产生重要影响的积极举措。Reg 21代表了在制定印尼国内和国际碳交易框架方面取得的进展，公司正在等待印尼发布进一步的国家自主贡献法规和实施条例，以充分了解其对Rimba Raya碳流（包括在国际上销售碳信用的时间）的影响。 截至2022年12月31日的六个月的业绩电话会议细节 公司管理团队将于美国东部时间2023年3月30日（周四）上午10:00举办交互式音频电话会议，介绍公司的简要业绩更新。参与者可拨打+1 416-764-8658或北美免费电话+1 888-886-7786，或通过公司网站网络直播或本链接参加。公司网站将提供电话会议的音频重播，有效期至美国东部时间2023年4月13日晚11:59。 关于Carbon Streaming Carbon Streaming致力于加速净零碳的未来。我们率先使用流交易。这是一种经实践证明的灵活融资模式，以扩大高诚信度碳信用项目的规模，推进全球气候行动和其他的联合国可持续发展目标。这种方法将我们与项目合作伙伴的战略利益相结合，建立基于对可持续性和问责制共同承诺的长期关系，并使我们成为那些寻求高质量碳信用的买家的可靠来源。 公司重点关注对环境、当地社区和生物多样性产生积极影响的项目，以及这些项目的碳减排或碳去除潜力。公司拥有与全球20多个项目相关的碳信用流和特许权使用费，包括有关以自然为基础的解决方案、节能炉灶和水过滤设备分销、避免废物和能源效率、农业中避免甲烷排放以及生物炭碳去除项目等。 要通过电子邮件接收公司发布的最新消息，请在这里订阅。 建议 本新闻稿中对第三方网站和来源的引用仅供参考，不应被视为公司的陈述。 非IFRS指标和业绩指标 本新闻稿中包含的术语“调整后净收入（亏损）”并不是IFRS下的标准化财务指标，因此可能无法与使用类似术语的其他公司呈报的类似指标进行比较。该非IFRS指标不应被视为是孤立的或可以取代根据IFRS制定的业绩或现金流指标。管理层认为，这一非IFRS指标，以及根据IFRS编制的业绩指标和其他指标，为投资者和股东评估公司的流动性和整体业绩提供了有用的信息。 售出的每个碳信用的平均实现价格 管理层采用“售出的每个碳信用的平均实现价格”这一指标，以更好地了解碳信用销售在每个报告期内的实现价格。“售出的每个碳信用的平均实现价格”的计算方法是将公司售出碳信用的收入除以售出的碳信用数量。 截至以下日期的三个月 截至以下日期的三个月 截至以下日期的六个月 截至以下日期的十二个月 截至以下日期的十二个月 （百万美元） 2022年12月31日 2022年6月30日 2022年12月31日 2022年6月30日 2021年6月30日 来自碳信用销售的收入 $ 1.1 $ 0.0 $ 1.1 $ 0.1 $ - 售出的碳信用数量（个碳信用） 122,995 162 125,159 25,162 - 售出的每个碳信用的平均实现价格（美元/碳信用） $ 8.61 $ 12.35 $ 8.68 $ 5.84 $ - 售出的每个碳信用的现金成本 管理层采用“售出的每个碳信用的现金成本”这一指标，以评估公司的盈利能力与售出的每个碳信用平均实现价格之间的关系，并认为某些投资者可以利用这些信息来评估公司与其他碳信用流公司相比的业绩。“售出的每个碳信用的现金成本”的计算方法是将公司购买碳信用的成本除以售出的碳信用数量。 截至以下日期的三个月 截至以下日期的三个月 截至以下日期的六个月 截至以下日期的十二个月 截至以下日期的十二个月 （百万美元） 2022年12月31日 2022年6月30日 2022年12月31日 2022年6月30日 2021年6月30日 购买售出碳信用的成本 $ 0.6 $ 0.0 $ 0.6 $ 0.1 $ - 售出的碳信用数量（个碳信用） 122,995 162 125,159 25,162 - 售出的每个碳信用的现金成本（美元/碳信用） $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ - 调整后净收入（亏损）和每股收益（亏损） 认股权证负债的重估、碳信用流和特许权使用费协议的重估以及衍生品负债的重估对于净收入（亏损）、综合收入（亏损）以及每股收益（亏损）而言都是非现金项目，考虑到它们的影响，本公司采用“调整后净收入（亏损）”或“调整后净亏损”和“调整后每股收益（亏损）”或”调整后每股亏损“等指标。调整后净收入（亏损）计算为净收入（亏损）和综合收入（亏损），并根据认股权证负债的重估、衍生品负债的重估以及碳信用流和特许权使用费协议的重估进行调整，因为公司认为这些重估对公司的净收入（亏损）和综合收入（亏损）计算以及每股金额具有重大的非现金影响。公司使用调整后净收入（亏损）来监测会计期间的经营成果。调整后净收入（亏损）并非IFRS下的标准化财务指标，因此可能无法与其他公司呈报的类似财务指标进行比较。 下表将净收入（亏损）和综合收入（亏损）与调整后净收入（亏损）进行了核对： 截至以下日期的三个月 截至以下日期的三个月 截至以下日期的六个月 截至以下日期的十二个月 截至以下日期的十二个月 （百万美元） 2022年12月31日 2022年6月30日 2022年12月31日 2022年6月30日 2021年6月30日 净收入（亏损） $ 4.8 $ 29.2 $ 2.4 $ (12.9 ) $ (4.6 ) 非现金结算项目的调整： 权证负债的重估 (6.5 ) (32.7 ) (9.4 ) (4.7 ) - 衍生品负债的重估 0.8 - 0.8 - - 碳信用流和特许权使用费协议的重估 (4.8 ) - (4.8 ) - - 调整后净亏损 $ (5.7 ) $ (3.5 ) $ (11.1 ) $ (17.6 ) $ (4.6 ) （基本）每股收益（亏损）（美元/股） $ 0.10 $ 0.77 $ 0.05 $ (0.34 ) $ (0.57 ) （摊薄）每股收益（亏损）（美元/股） 0.10 0.77 0.05 (0.34 ) (0.57 ) 调整后（基本）每股净亏损（美元/股） (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) 调整后（摊薄）每股净亏损（美元/股） (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) 关于前瞻性信息的警示性声明 本新闻稿包含适用证券法所界定的某些前瞻性陈述和前瞻性信息（统称为“前瞻性信息”）。除历史事实的陈述外，所有涉及本公司认为、预期或预计未来将或可能发生的活动、事件或发展的陈述均为前瞻性信息，包括但不限于公司现有碳流和特许权使用费协议产生未来碳信用、碳减排和碳去除的时间和数量；关于某些举措对自愿碳市场的影响和不断增长的企业气候承诺的陈述；对碳信用的未来需求；关于公司已签订碳流和特许权使用费协议项目的陈述；关于碳信用销售和现金流时间的陈述；关于公司增长目标的陈述；印尼监管发展对Rimba Raya项目和Rimba Raya碳流的影响；以及关于执行公司投资组合和合伙战略的陈述。 在本新闻稿中使用的“估计”、“预期”、“计划”、“预计”、“将会”、“相信”、“打算”、“应该”、“可以”、“可能”以及其他类似词语可用于识别这些前瞻性陈述。这些前瞻性信息以公司基于当前可用的信息产生的当前期望或信念为基础。前瞻性信息受到许多风险和不确定性的影响，这些风险和不确定性可能导致公司的实际结果与前瞻性信息中所讨论的结果有重大差异，即使该等实际结果已经实现或基本实现，也不能保证它们将对公司产生预期的后果或影响。它们不应被理解为对未来业绩或结果的保证，也不一定是对是否会实现这些结果的准确指示。可能导致实际结果或事件与当前预期存在重大差异的因素包括：碳信用价格和碳信用需求的波动性；对气候变化的社会或政治观点的变化，以及随后发生的企业或政府政策或法规的变化，以及对碳信用需求的相关变化；公司当前战略的有限运营历史；由于竞争和未来收购活动所产生的风险；集中风险；对增长战略的不准确估计，包括公司寻找适当机会并签订碳流、特许权使用费或其他协议的能力；对关键管理人员的依赖；声誉风险；一般经济、市场和业务状况以及全球金融状况，包括利率波动、外汇利率和股票市场波动；围绕自愿和/或合规市场的验证和核实要求的不确定性和持续的市场发展；项目注册、验证和最终开发或验证减排和清除以及发放碳信用的失败或时间延迟（以及与碳信用标准和登记处相关的其他风险）；外国商业和政治风险，包括政府当局的行动，包括政府监管、税收和碳定价举措的变化或改变；尽职调查风险，包括第三方的审查、报告和预测不准确；对项目合作伙伴、运营商和业主的依赖，包括这些交易方未能按照公司与这些交易方约定的合同安排条款向公司付款或履行其运营或其他义务；项目未能产生碳信用，或可能对任何项目产生碳信用的能力产生重大不利影响的自然灾害，如洪水或火灾；公司普通股或认股权证的市场价格波动；公司增发证券可能对公司普通股或认股权证市场价格的影响；全球卫生危机，如疫情和流行病，包括持续的新冠肺炎疫情以及围绕新冠肺炎疫情持续影响的不确定性；以及截至2023年3月28日在SEDAR网站www.sedar.com上提交的公司年度信息表中标题为“风险因素”的章节中和其他地方披露的其他风险。 任何前瞻性信息仅限于本新闻发布之日。尽管公司认为前瞻性信息中的固有假设合理，但前瞻性信息并不能作为未来业绩的保证，因此，由于其中固有的不确定性，读者不应过度依赖此类陈述。除非适用的证券法要求，否则公司没有任何意图或义务因新信息、未来事件或结果或其他原因而更新任何前瞻性信息。 免责声明：本公告之原文版本乃官方授权版本。译文仅供方便了解之用，烦请参照原文，原文版本乃唯一具法律效力之版本。
businesswire.com
- 2 years ago
Carbon Streaming Announces Financial Results for the Six Month Period Ended December 31, 2022
TORONTO--(BUSINESS WIRE)--Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the six month period ended December 31, 2022. All figures are expressed in United States dollars, unless otherwise indicated. The Company will host a live audio call at 10:00 a.m. ET on Thursday, March 30, 2023. Carbon Streaming Founder and CEO Justin Cochrane stated: “As we build our high-quality, diverse portfolio, we are also excited to see several of our projects contributing positive sustainable impacts and advancing toward delivering carbon credits in 2023. We are particularly encouraged by Rimba Raya’s validation on the SRN under Reg 21 in December 2022 and look forward to the project meeting the milestones required to achieve verification. We expect 2023 to be a transformative year for Carbon Streaming as we anticipate receiving carbon credits or royalties from 10 or more projects with cash flow growth potential to follow.” Mr. Cochrane added: “This year is also expected to bring improved transparency to the voluntary carbon markets through several key industry initiatives, such as the publication of the Core Carbon Principles and the ISSB’s Climate-related Disclosures standards. Finally, we expect the number of companies with climate commitments to continue to rise. With these developing catalysts in the voluntary carbon market as our backdrop, we believe that demand for the carbon credits in our portfolio will only strengthen.” Company Highlights Three months ended December 31, 2022 Ended the quarter with $70.3 million in cash and no corporate debt. Revenue of $1.1 million from the sale of 122,995 carbon credits, for an average realized price per carbon credit sold of $8.61 for the three months ended December 31, 2022 (three months ended June 30, 2022 – 162 carbon credits sold for an average realized price per carbon credit sold of $12.35). Please see the “Non-IFRS Measures and Performance Measures” section of this news release for further information. Recognized net income of $4.8 million for the three months ended December 31, 2022 (three months ended June 30, 2022 – net income of $29.2 million). After adjusting for the revaluation of warrant liabilities, the revaluation of carbon credit streaming and royalty agreements, and the revaluation of derivative liabilities, adjusted net loss was $5.7 million for the three months ended December 31, 2022 (three months ended June 30, 2022 – adjusted net loss of $3.5 million). Please see the “Non-IFRS Measures and Performance Measures” section of this news release. Paid $0.5 million and committed to pay $0.8 million in upfront deposits for one new carbon credit streaming and royalty agreement, early deposit interests and other assets during the quarter. Announced the validation of the Rimba Raya project under the new Indonesian carbon regulation, Regulation No. 21 of 2022 (“Reg 21”) and with the carbon registry, Sistem Registri Nasional Pengendalian Perubahan Iklim (“SRN”). Emission reductions from the initial validation area are expected to average approximately 2.7 million tonnes of carbon dioxide equivalent (“tCO2e”) per year and generate an equivalent number of carbon credits over the remaining 50-year life of the project which is now expected to run until 2073. Announced a carbon credit stream and associated royalty (collectively, the “Enfield Biochar Stream”) with Standard Biocarbon Corporation to support the construction of a pilot biochar production facility in Enfield, Maine, USA. This project is expected to remove approximately 90,000 tCO2e of emissions and generate an equivalent number of CO2 Removal Certificates (“CORCs”) over the 30-year project life. The project is also expected to produce approximately 250,000 cubic yards of biochar over the project life, on which the Company will receive a royalty on volume sold. Published the Company’s inaugural Sustainability Report, which describes Carbon Streaming’s business model, approach to climate action and impact investing, due diligence and governance practices, guiding principles as well as the Company’s environmental and social impacts. Offset five times the Company’s calendar year 2021 emissions through the retirement of 125 carbon credits from our portfolio. Six month period ended December 31, 2022 Revenue of $1.1 million from the sale of 125,159 carbon credits for an average realized price per carbon credit sold of $8.68 for the six month period ended December 31, 2022 (year ended June 30, 2022 – 25,162 carbon credits sold at an average realized price per carbon credit sold of $5.84). Please see “Non-IFRS Measures and Performance Measures” section of this news release for further information. Recognized net income of $2.4 million for the six month period ended December 31, 2022 (year ended June 30, 2022 – net loss of $12.9 million). After adjusting for the revaluation of warrant liabilities, the revaluation of carbon credit streaming and royalty agreements and the revaluation of derivative liabilities, adjusted net loss was $11.1 million for the six month period ended December 31, 2022 (year ended June 30, 2022 – adjusted net loss of $17.6 million). Please see “Non-IFRS Measures and Performance Measures” section of this news release for further information. Paid $13.8 million and committed to pay $2.6 million in upfront deposits for new carbon credit streaming and royalty agreements, early deposit interests and other assets during the period. Grew the Company’s portfolio to 10 streams and royalties covering 21 carbon credit projects in 12 countries. Subsequent to December 31, 2022 Received first issuance of carbon credits from the Company’s portfolio of streams and royalties. The Company received 316,781 carbon credits from vintage years 2017 to 2021 under the Cerrado Biome Stream. Received International Carbon Reduction & Offset Alliance (“ICROA”) accreditation. ICROA’s Accreditation Programme defines and promotes best practice in the financing of high-quality emissions reductions and use of carbon credits as an effective carbon management tool. Highlights Summary Three months ended Three months ended Six month period ended Year ended Year ended (in $ millions) December 31, 2022 June 30, 2022 December 31, 2022 June 30, 2022 June 30, 2021 Revenue from sale of carbon credits $ 1.1 $ 0.0 $ 1.1 $ 0.1 $ - Number of carbon credits sold (carbon credits) 122,995 162 125,159 25,162 - Average realized price per carbon credit sold ($/carbon credit) $ 8.61 $ 12.35 $ 8.68 $ 5.84 $ - Cash cost per carbon credit sold ($/carbon credit) 5.00 5.00 5.00 5.00 - Gross profit $ 0.4 $ 0.0 $ 0.5 $ 0.0 $ - Other operating expenses 6.3 3.5 11.7 17.6 4.6 Net income (loss) $ 4.8 $ 29.2 $ 2.4 $ (12.9 ) $ (4.6 ) Earnings (loss) per share (Basic) ($/share) 0.10 0.77 0.05 (0.34 ) (0.57 ) Earnings (loss) per share (Diluted) ($/share) 0.10 0.77 0.05 (0.34 ) (0.57 ) Adjusted net loss1 $ (5.7 ) $ (3.5 ) $ (11.1 ) $ (17.6 ) $ (4.6 ) Adjusted net loss per share (Basic) ($/share) 1 (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) Adjusted net loss per share (Diluted) ($/share) 1 (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) Cash2 $ 70.3 $ 93.2 $ 70.3 $ 93.2 $ 108.4 1. “Adjusted net loss”, including per share amounts, is a non-IFRS financial performance measure that is used in this news release and associated management’s discussion and analysis (“MD&A”). This measure does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. For more information about this measure, why it is used by the Company, and a reconciliation to the most directly comparable measure under IFRS, see the “Non-IFRS Measures and Performance Measures" section of this news release and associated MD&A. 2. Cash as at the relevant tabular reporting date. Stream and Royalty Portfolio Updates: Three months ended December 31, 2022 The Company is increasingly focused on supporting its existing streams and royalties through project development, and the marketing and selling of carbon credits. Key developments in the projects under the Company’s stream and royalty agreements include: Rimba Raya Stream: The Rimba Raya project achieved registration and validation on a portion of the project area under Reg 21 and with the SRN in December 2022. The original Verra project was made up of four parcels; initial validation of the project under the SRN was comprised of one of the four parcels, comprising 36,331 hectares (“ha”), of which approximately 28,000 ha is the carbon accounting area, generally consistent with the project area under the Verra methodology. The verification of the project under the SRN is expected to cover a period from July 1, 2019 to December 31, 2022 for an expected total of approximately 9.8 million carbon credits before any buffer deductions. Community Carbon Stream: Distribution of cookstoves or water purification devices commenced at four of the seven projects within the stream, in line with expectations. The Company expects initial credit issuance from several projects under the stream in 2023. Sustainable Community Stream: The verification report for the Quebec Sustainable Community project is advancing. Will Solutions, the project operator, remains on track to make its first delivery of carbon credits under the stream in the second half of 2023. Magdalena Bay Blue Carbon Stream: In December, Osisko Gold Royalties Ltd (“Osisko”) exercised its right to acquire 20% of the stream which entitles Osisko to 20% of the net cash flow generated by the stream. Osisko paid the Company $0.6 million (representing 20% of the portion of the upfront deposit paid by the Company to MarVivo Corporation, the project partner, to date), and is obligated to fund 20% of the remaining upfront deposit as such amounts are due. MarVivo Corporation expects first issuance of carbon credits from the Magdalena Bay Blue Carbon project in 2024. Nalgonda Rice Farming Stream: Project validation activities, landholder enrollment and project scale-up continued during the quarter with approximately 28,000 landholders, comprising approximately 30,000 ha of farmland, enrolled in the project. In March 2023, Verra announced that it is considering developing a revised rice-specific methodology, which would replace the methodology currently used by the project. The project is proceeding with validation under the existing methodology and is anticipated to transition to the revised methodology once it is finalized and released. Waverly Biochar Stream: Biochar production facility assembly and testing advanced during the quarter. First biochar production and project registration are on track for mid 2023, with initial CORC issuance expected in the second half of 2023. Enfield Biochar Stream: Construction and installation of the biochar production facility progressed during the quarter. Biochar production is expected to commence in the second half of 2023 with CORC issuance to follow shortly thereafter. Cerrado Biome Stream: Verra’s final approval of the project was confirmed in December 2022, and the Company received its first issuance of 316,781 carbon credits subsequent to the end of the quarter. The Company expects to sell these carbon credits within the next 12 months. FCG Amazon Portfolio Royalty: Carbon credits were issued to one of the four projects covered by the royalty, with carbon credits issued for a second project subsequent to quarter-end. The Company is entitled to receive a 5% royalty from revenue generated from the sale of carbon credits and expects cash flow from the royalty beginning in the second half of 2023. Strategy and Outlook Carbon Streaming’s strategy continues to be focused on acquiring additional streams and royalties to diversify and grow its portfolio of projects, and supporting existing streams and royalties through project development and the marketing and selling of carbon credits. For the six month period ended December 31, 2022, the Company announced several new carbon credit streaming and royalty agreements, increasing the size of the Company’s portfolio. Additionally, during the period the Rimba Raya project achieved validation under the new Indonesian carbon regulation, Reg 21, and with the government-operated carbon registry, SRN. The Company also continues to operationalize its sales strategy. Carbon Streaming believes that the development and execution of a strong sales strategy will attract buyers of high-quality carbon credits, also benefiting project partners and other stakeholders. The Company’s sales infrastructure continues to develop as the Company expects to receive carbon credits or payments from royalties from 10 or more projects in 2023. Subsequent to the end of the reporting period, Carbon Streaming received 316,781 carbon credits under the Cerrado Biome stream and the Company expects to sell these credits over the next approximately 12 months through several channels. Indonesia update In October 2022, the Indonesian Ministry of Environment & Forestry (“MOEF”) issued Reg 21 regarding Implementation Procedures of Carbon Economic Value, which sets out a framework for domestic and international carbon trading in Indonesia. Under Reg 21, all carbon projects in Indonesia must be registered, validated and verified on the SRN. In addition, between 10% and 20% of any carbon credit issuance for foreign GHG emission offsets may be withheld in Indonesia to meet Indonesia’s nationally determined contributions (“NDCs”) as part of the country’s Paris Agreement commitment, where such withheld carbon credits may be released upon the applicable sub-sector’s NDC targets being met in two consecutive years. The buffers amount will be determined by MOEF and may subject to a periodical change based on the evaluation of the results of the verified annual NDC target achievement report. A further 5% of carbon credits are also expected to be retained for domestic GHG emission offsets in Indonesia. In December 2022, the Rimba Raya project was the first REDD+ project to receive validation under Reg 21 and with the SRN. The verification process commenced in the first quarter of 2023 and is expected to cover a period from July 1, 2019 to December 31, 2022 for an expected total of approximately 9.8 million carbon credits before any buffer deductions, including requirements for the NDC buffers and domestic market use pursuant to Reg 21. Once the project is verified, Rimba Raya carbon credits are expected to be issued and tracked by the SRN. The Company and InfiniteEARTH Limited, the project partner, view the development of a national carbon policy as an important and positive step for Indonesia, carbon markets, and global climate action. Reg 21 represents progress in setting out the framework for domestic and international carbon trading in Indonesia and the Company awaits the release of further NDC regulations and implementation regulations to fully understand their impact on the Rimba Raya stream, including timing of international sales of carbon credits. Results for the Six Month Period Ended December 31, 2022 Conference Call Details The Company’s management team will host an interactive audio call on Thursday, March 30, 2023 at 10:00 a.m. ET to provide a brief company update. Participants may join by dialing +1 416-764-8658 or toll free from North America at +1 888-886-7786, or via webcast on the Company website or through this link. An audio replay of the conference call will be available on the Company website until 11:59 p.m. ET on April 13, 2023. About Carbon Streaming Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits. The Company’s focus is on projects that have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. The Company has carbon credit streams and royalties related to over 20 projects around the world, including projects focused on nature-based solutions, the distribution of fuel-efficient cookstoves and water filtration devices, waste avoidance and energy efficiency, methane avoidance in agriculture and biochar carbon removal. To receive corporate updates via e-mail, please subscribe here. Advisories The references to third party websites and sources contained in this news release are provided for informational purposes and are not to be considered statements of the Company. Non-IFRS Measures and Performance Measures The term “adjusted net income (loss)” in this news release is not a standardized financial measures under IFRS and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. This non-IFRS measure should not be considered in isolation or as a substitute for measures of performance or cash flows as prepared in accordance with IFRS. Management believes that this non-IFRS measure, together with performance measures and measures prepared in accordance with IFRS, provide useful information to investors and shareholders in assessing the Company’s liquidity and overall performance. Average realized price per carbon credit sold Management uses the “average realized price per carbon credit sold” measure to better understand the price realized in each reporting period for carbon credit sales. Average realized price per carbon credit sold is calculated by dividing the Company’s revenue from sale of carbon credits by the quantity of carbon credits sold. Three months ended Three months ended Six month period ended Year ended (in $ millions) December 31, 2022 June 30, 2022 December 31, 2022 2022 June 30, 2021 Revenue from sale of carbon credits $ 1.1 $ 0.0 $ 1.1 $ 0.1 $ - Number of carbon credits sold (carbon credits) 122,995 162 125,159 25,162 - Average realized price per carbon credit sold ($/carbon credit) $ 8.61 $ 12.35 $ 8.68 $ 5.84 $ - Cash cost per carbon credit sold Management uses the “cash cost per carbon credit sold” measure to assess the Company’s profitability in relation to the average realized price per carbon credit sold and believes that certain investors can use this information to evaluate the Company’s performance in comparison to other carbon credit streaming companies. Cash cost per carbon credit sold is calculated by dividing the Company’s cost of purchased carbon credits sold by the quantity of carbon credits sold. Three months ended Three months ended Six month period ended (in $ millions) December 31, 2022 June 30, 2022 December 31, 2022 2022 2021 Cost of purchased carbon credits sold $ 0.6 $ 0.0 $ 0.6 $ 0.1 $ - Number of carbon credits sold (carbon credits) 122,995 162 125,159 25,162 - Cash cost per carbon credit sold ($/carbon credit) $ 5.00 $ 5.00 $ 5.00 $ 5.00 $ - Adjusted Net Income (Loss) and Income (Loss) Per Share Given the impact of the revaluation of warrant liabilities, the revaluation of carbon credit streaming and royalty agreements, and the revaluation of derivative liabilities, all of which are non-cash items on net and comprehensive income (loss) and earnings (loss) per share, the Company uses an ‘adjusted net income (loss)’ or ‘adjusted net loss’ and ‘adjusted income (loss) per share’ or ‘adjusted loss per share’ measures. Adjusted net income (loss) is calculated as net and comprehensive income (loss) and adjusted for the revaluation of warrant liabilities, the revaluation of derivative liabilities and the revaluation of carbon credit streaming and royalty agreements which the Company views as having a significant non-cash impact on the Company’s net and comprehensive income (loss) calculation and per share amounts. Adjusted net income (loss) is used by the Company to monitor its results from operations for the period. Adjusted net income (loss) is not a standardized financial measure under IFRS and therefore may not be comparable to similar financial measures presented by other companies. The following table reconciles net and comprehensive income (loss) to adjusted net income (loss): Three months ended Three months ended Six month period ended Year ended Year ended (in $ millions) December 31, 2022 June 30, 2022 December 31, 2022 June 30, 2022 June 30, 2021 Net income (loss) $ 4.8 $ 29.2 $ 2.4 $ (12.9 ) $ (4.6 ) Adjustment for non-cash settled items: Revaluation of warrant liabilities (6.5 ) (32.7 ) (9.4 ) (4.7 ) - Revaluation of derivative liabilities 0.8 - 0.8 - - Revaluation of carbon credit streaming and royalty agreements (4.8 ) - (4.8 ) - - Adjusted net loss $ (5.7 ) $ (3.5 ) $ (11.1 ) $ (17.6 ) $ (4.6 ) Earnings (loss) per share (Basic) ($/share) $ 0.10 $ 0.77 $ 0.05 $ (0.34 ) $ (0.57 ) Earnings (loss) per share (Diluted) ($/share) 0.10 0.77 0.05 (0.34 ) (0.57 ) Adjusted net loss per share (Basic) ($/share) (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) Adjusted net loss per share (Diluted) ($/share) (0.12 ) (0.09 ) (0.24 ) (0.46 ) (0.57 ) Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation, timing and the amount of future carbon credit generation and emission reductions and removals from the Company’s existing streaming and royalty agreements; statements with respect to the impact that certain initiatives will have on the voluntary carbon markets and rising corporate climate commitments; future demand for carbon credits; statements with respect to the projects in which the Company has streaming and royalty agreements in place; statements with respect to the timing of carbon credit sales and cash flows; statements with respect to the Company’s growth objectives; the impact of Indonesian regulatory developments on the Rimba Raya project and the Rimba Raya stream; and statements with respect to execution of the Company’s portfolio and partnership strategy. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; limited operating history for the Company’s current strategy; risks arising from competition and future acquisition activities; concentration risk; inaccurate estimates of growth strategy, including the ability of the Company to source appropriate opportunities and enter into stream, royalty or other agreements; dependence upon key management; reputational risk; general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics, including the ongoing COVID-19 pandemic and the uncertainties surrounding the ongoing impact of the COVID-19 pandemic; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of March 28, 2023 filed on SEDAR at www.sedar.com. Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
businesswire.com
- 2 years ago
NMG publie une mise à jour opérationnelle et dépose ses rapports financiers de 2022 : le développement de ce qui devrait devenir la plus grande source intégrée de matériaux de graphite naturel en Amérique du Nord ...
MONTRÉAL--(BUSINESS WIRE)-- NMG publie une mise à jour opérationnelle et dépose ses rapports financiers de 2022 : le développement de ce qui devrait devenir la plus grande source intégrée de matériaux de graphite naturel en Amérique du Nord pour la transition énergétique se poursuit Nouveau Monde Graphite Inc. (« NMG » ou la « Société ») (NYSE : NMG, TSX.V : NOU) publie un rapport d’étape positif sur l’avancement d’une source intégrée nord-américaine de solutions à base de graphite pour la transition énergétique par le biais de ses rapports financiers de fin d’exercice et de son Rapport annuel 2022. Guidée par ses principes environnementaux, sociaux et de gouvernance (« ESG »), la Société avance son plan de développement par phases en vue de fournir du matériel d’anode actif performant et carboneutre à l’industrie en plein essor des véhicules électriques (« VÉ ») et des batteries. Les jalons importants atteints dans les derniers mois ont renforcé le plan de mise en œuvre de NMG, qui vise à réduire le risque des projets de la Société, à progresser vers la commercialisation et à préparer un plan de croissance fondé sur la demande du marché. Arne H Frandsen, président du conseil d’administration de NMG, a déclaré : « L’Amérique du Nord et l’Europe accélèrent le développement de leur capacité de production de technologies propres. L’élan vers la résilience énergétique et la conformité aux normes ESG place les opérations d’exploitation minière et de fabrication avancée de NMG dans une situation privilégiée. Proximité, volume, carboneutralité, traçabilité, éthique et évolutivité : NMG coche toutes les cases pour devenir un fournisseur privilégié des grands fabricants de VÉ et de batteries. Ce n’est pas surprenant que nos équipes technico-commerciales soient autant sollicitées à mesure que l’écart entre l’offre et la demande se creuse. » Eric Desaulniers, fondateur, président et chef de la direction de NMG, a ajouté : « L’année 2022 a marqué 10 ans depuis que j’ai fondé la Société. Même si beaucoup a changé durant cette période, l’importance fondamentale des minéraux et des matériaux avancés pour la transition énergétique est encore méconnue. Si le lithium a retenu l’attention et suscité l’engouement du marché, il serait temps que le graphite – la composante des batteries dont la demande devrait connaître la plus grande croissance – soulève un intérêt comparable. Pendant que les marchés s’adaptent à cette réalité, l’Équipe Nouveau Monde assure la progression continue de la capacité de production de la phase 1, des projets commerciaux de la phase 2 et des plans d’expansion de la phase 3. Les perspectives sont prometteuses, et les mois à venir devraient cristalliser la position de la Société à titre de principale source intégrée nord-américaine de matériaux de graphite naturel pour la transition énergétique. » Opérations intégrées et développement par phases NMG continue de qualifier des échantillons de matériel d’anode auprès de grands fabricants de batteries et de VÉ, de même que des paillettes jumbo purifiées pour les applications de niche telles que les piles à hydrogène. La production aux installations de la phase 1 et les tests de performance au laboratoire de pointe de NMG permettent d’offrir des produits de graphite dans une variété de spécifications afin de répondre aux besoins de chaque fabricant. Au total, 47 échantillons ont été produits et fournis à des clients potentiels en 2022 dans le cadre de discussions commerciales. L’intérêt soutenu de fabricants de premier plan est appuyé par des protocoles de qualification des produits, des contrôles de qualité, des visites de sites aux installations de la phase 1, des demandes d’information et une diligence raisonnable en matière d’environnement. S’appuyant sur les spécifications particulières des clients, NMG progresse dans l’optimisation de son procédé de purification exclusif. Les derniers échantillons de production ont généré d’excellents résultats, tant au laboratoire de la Société qu’à des installations externes de pointe, ce qui indique que les paramètres d’exploitation et de traitement sont efficaces. La mise à l’essai de la nouvelle unité d’enrobage de taille commerciale et d’un deuxième module de mise en forme a également progressé à l’usine de la phase 1 de la Société. L’objectif est d’offrir un éventail plus large de produits spécialisés et d’améliorer la performance de la production en matière de rendement et de capacité. Les essais effectués dans les installations de la phase 1 orientent l’optimisation des procédés et l’ingénierie pour la Mine Matawinie et l’Usine de matériaux de batterie de Bécancour de la phase 2. Dans cette optique, NMG a finalisé la stratégie d’exécution de projet et de contrats pour chaque projet en vue de la construction, qui débutera lorsqu’une décision d’investissement définitive (« DID ») aura été prise. Les travaux préparatoires de la Mine Matawinie se sont poursuivis jusqu’en février 2023 pour construire des infrastructures environnementales, telles que des fossés, un bassin collecteur et des piles de stockage (mort terrain et matière organique), et préparer la prochaine phase de travaux civils. Dans le cadre de sa stratégie d’électrification, la Société travaille également avec Caterpillar Inc. (« Caterpillar ») en vue d’équiper la Mine Matawinie d’une flotte 100 % électrique. Les équipes techniques de Caterpillar et de NMG participent activement à l’évaluation des occasions technologiques et à la planification de la mise au point et des tests de la flotte zéro émission pour la Mine Matawinie de la phase 2. Pour soutenir sa phase 3, la Société a terminé et déposé l’évaluation économique préliminaire (« EEP ») du Projet minier Uatnan, situé au Québec, au Canada. L’EEP démontre une solide valeur économique pour les paramètres opérationnels et les volumes de production actualisés de NMG, visant la production d’environ 500 000 tonnes de concentré de graphite par an sur une durée de vie de la mine de 24 ans. Le Projet minier Uatnan proposé est présentement l’un des plus grands projets de production de graphite naturel envisagés au monde. Conformément à la stratégie d’intégration verticale de NMG, et compte tenu de l’accélération de la dynamique de marché, la production envisagée du Projet minier Uatnan servirait de matière première pour la fabrication avancée de matériaux de batterie, offrant une possibilité d’expansion de transformation à valeur ajoutée, augmentant les marges potentielles et améliorant le profil de croissance de la Société. L’EEP montre que le Projet minier Uatnan est techniquement réalisable ainsi qu’économiquement viable. Sur la base de ces résultats positifs, NMG a l’intention de lancer une étude de faisabilité actualisée conformément à la convention d’option et de coentreprise signée avec Mason Graphite Inc. Engagement commercial et perspectives de marché Dans le cadre de son programme de marketing et de commercialisation, la Société poursuit ses discussions avec plusieurs clients potentiels de premier plan dans le secteur des VÉ et des batteries en vue de conclure des ententes « offtake ». Faisant suite à son entente avec Panasonic Energy Co., Ltd. (« Panasonic Energy »), NMG collabore avec les équipes spécialisées de Panasonic Energy pour finaliser la qualification des produits et conclure l’entente « offtake » définitive envisagée. Des rencontres et des visites sur place favorisent l’avancement des composantes techniques et commerciales. D’autres discussions commerciales avec des clients potentiels se poursuivent en parallèle au sujet du matériel d’anode actif et des solutions à base de graphite pour des applications de niche. Ces activités sont appuyées par la production d’échantillons aux usines de la phase 1 de la Société, des visites de sites, des contrôles de qualité et des contrôles de diligence environnementale. Les conditions actuelles du marché demeurent favorables pour NMG : la demande en minéraux de batteries s’accroît, des politiques gouvernementales sont mises en place pour encourager la localisation des industries de l’énergie et des VÉ, la vente de moteurs à combustion interne est restreinte et des accords commerciaux sont conclus. Benchmark Mineral Intelligence estime maintenant à 8 148 GWh la capacité de production mondiale de batteries lithium-ion qui devra être disponible d’ici 2030 pour répondre aux tendances économiques sous-jacentes. Par conséquent, on prévoit que la demande en matériaux avancés pourrait quintupler, le graphite dépassant tous les autres métaux pour batteries avec 10 363 000 tonnes par an (« tpa ») (mars 2023). Selon le rapport annuel de BloombergNEF sur la chaîne d’approvisionnement des batteries lithium-ion (novembre 2022), le Canada compte parmi les chefs de file émergents de cette nouvelle économie, se classant au deuxième rang après la Chine en raison de ses ressources minérales, de ses facteurs ESG, de ses importantes infrastructures, de son innovation et de son industrie, notamment la vallée de la batterie du Québec, située à Bécancour. Le site où NMG établira l’Usine de matériaux de batterie de Bécancour de la phase 2 est justement situé au centre de cette zone en plein développement, soutenue par la stratégie du gouvernement du Québec visant à développer un pôle industriel des batteries. La Société est effectivement bien placée pour répondre aux besoins des marchés nord-américain et européen grâce à son vaste gisement de graphite, à ses écotechnologies exclusives, à sa capacité de production démontrée, à son profil carboneutre ainsi qu’aux avantages préférentiels qu’offre la province où elle est installée, notamment une hydroélectricité propre, une base logistique flexible et un environnement fiscal et politique stable. Développement corporatif Fidèle à sa philosophie « zéro danger », la Société est déterminée à assurer la conduite sécuritaire et écoresponsable de ses activités. NMG a clos l’exercice avec des taux OSHA de 2,25 à ses installations et de 0 aux chantiers des entrepreneurs ; aucun incident environnemental majeur n’est survenu. Tout au long de l’année, la Société a renforcé son engagement auprès des communautés, des Premières Nations et des parties prenantes afin de travailler conjointement au développement de ses projets, à la création de valeur collective ainsi qu’à l’intensification des efforts de recherche et développement (« R&D ») et de collaboration industrielle. NMG a notamment obtenu des subventions totalisant 3,6 millions de dollars pour le déploiement de la technologie d’enrobage à son usine de la phase 1 ainsi que pour les projets de R&D ciblant le développement de la fabrication avancée de matériaux à base de graphite ayant un faible impact environnemental. Parallèlement, les efforts de financement pour le développement des opérations entièrement intégrées verticalement de la phase 2 de NMG, qui comprennent l’Usine de matériaux de batterie de Bécancour et la Mine Matawinie, se poursuivent afin de contracter des emprunts à moyen terme assortis d’une prise de participation stratégique. Les exercices de diligence raisonnable des organismes de crédit à l’exportation et les discussions avec des organes gouvernementaux progressent comme prévu. La situation de trésorerie de la Société à la fin de l’exercice était de 59,9 M$. Bilan carbone en 2022 Assumant la responsabilité de son empreinte environnementale, la Société prend des mesures concrètes pour éviter, réduire et compenser entièrement ses émissions de gaz à effet de serre (« GES »), conservant ainsi son statut carboneutre et poursuivant sa transition vers le Net Zéro. Pour 2022, la Société rapporte des émissions de GES s’élevant à 1 229,1 tonnes d’équivalent CO2 en lien avec ses activités aux usines de démonstration de la phase 1 et à ses bureaux. NMG a acheté des crédits carbone certifiés auprès du programme Verified Carbon Standard (VCS) afin de compenser ce bilan. L’achat de crédits s’inscrit dans la stratégie de compensation du Plan d’action climatique de NMG, en plus de stimuler les investissements dans les pays en développement qui sont touchés par les changements climatiques. Cette pratique permettra de soutenir les projets de biodiversité et d’énergies propres suivants : » La construction et l’exploitation d’une toute nouvelle centrale solaire photovoltaïque de 20 MW à Ambatolampy, à Madagascar, pour réduire la dépendance du pays à l’importation de combustibles fossiles. Le projet, la première centrale solaire photovoltaïque à grande échelle sur l’île, devrait permettre de réduire les émissions d’équivalent CO2 d’environ 23 431 tonnes par année. » La préservation de 64 000 hectares de forêts marécageuses de tourbe tropicale grâce au projet de la réserve de biodiversité de Rimba Raya, en Indonésie. Cette région riche en biodiversité – abritant notamment l’orang-outan de Bornéo, une espèce en voie de disparition – devait initialement être convertie en plantation d’huile de palme. » La plantation forestière sur les prairies dégradées par le pâturage extensif dans la forêt de Guanaré, en Uruguay. En 2022, NMG a pris l’initiative de divulguer via le Carbon Disclosure Project (« CDP ») pour faire état de sa gestion des risques et des occasions en lien avec le climat, de sa performance environnementale, de ses efforts de réduction des GES et de son action climatique. Le CDP fournit aux investisseurs et aux parties prenantes un système de divulgation transparent et reconnu qui favorise l’excellence environnementale et permet de comparer les organisations entre elles. Le score de la Société et ses réponses au questionnaire sont maintenant accessibles au public sur la plateforme du CDP. De plus, le rapport ESG qui sera publié au T2-2023 offrira plus de transparence sur l’étendue des efforts et de la performance de la Société en 2022 à l’égard de son action climatique, de son excellence environnementale, de sa gouvernance et de son engagement social. À propos de Nouveau Monde Graphite NMG travaille à se positionner comme un contributeur clé au sein de la révolution énergétique. La Société travaille au développement d’une source pleinement intégrée de matériaux écologiques d’anode pour batteries au Québec, au Canada, pour les marchés en pleine expansion des piles à combustible et des batteries lithium-ion. Avec des normes ESG enviables, NMG aspire à devenir un fournisseur stratégique des principaux fabricants mondiaux de batteries et de véhicules en offrant des matériaux avancés performants et fiables tout en promouvant la durabilité et la traçabilité de la chaîne d’approvisionnement. www.NMG.com Abonnez-vous à notre fil de nouvelles : https://bit.ly/3UDrY3X Mise en garde Tous les énoncés, autres que les faits historiques, contenus dans le présent communiqué de presse, y compris, mais sans s’y limiter, les déclarations décrivant l'échéancier et les coûts des initiatives et des projets décrits dans le présent communiqué de presse, la conclusion d'une entente « d'offtake » définitive, les résultats de l'évaluation économique préliminaire, y compris le développement et l'exploitation potentiels de la propriété du Lac Guéret et la formation d'une coentreprise, les résultats de l'étude de faisabilité optimisée, la production commerciale prévue de matériel d'anode actif de haute performance avec une empreinte carboneutre, les engagements et les initiatives de la Société décrits dans le présent communiqué de presse, y compris ceux liés aux facteurs ESG, l'impact positif de ce qui précède sur la valeur économique du projet, les relations de la Société avec ses parties prenantes, les tendances du marché et de l'industrie, la capacité d'obtenir le financement approprié et suffisant requis pour le développement de la mine Matawinie et de l'usine de matériaux pour batteries de Bécancour, la stratégie d'électrification prévue et ses résultats et avantages escomptés, la projection de développer la plus grande source intégrée de matériaux de graphite naturel pour la transition énergétique, les perspectives générales d'affaires et d'exploitation de la Société, et les déclarations du paragraphe « À propos de Nouveau Monde » et ailleurs dans le communiqué de presse qui décrivent essentiellement les perspectives et les objectifs de la Société, constituent de « l’information prospective » ou des « énoncés prospectifs » (collectivement, les « énoncés prospectifs ») au sens de certaines lois canadiennes et américaines sur les valeurs mobilières, et sont fondées sur des attentes, des estimations et des projections au moment de la publication du présent communiqué de presse. Les énoncés prospectifs reposent nécessairement sur un certain nombre d’estimations et d’hypothèses qui, bien que considérées comme raisonnables par la Société au moment où ces énoncés ont été formulés, sont assujetties à des incertitudes et à des imprévus importants sur les plans opérationnel, économique et concurrentiel. Ces estimations et hypothèses peuvent se révéler inexactes. Par ailleurs, ces énoncés prospectifs sont basés sur différents facteurs et hypothèses sous-jacents, notamment les tendances technologiques actuelles, les relations d’affaires entre la Société et ses parties prenantes, la capacité de fonctionner de manière sécuritaire et efficace, la livraison et l’installation en temps opportun et aux prix estimés de l’équipement soutenant la production, les prix de vente présumés du concentré de graphite, l’exactitude des estimations des Ressources minérales, les taux de change et les taux d’intérêt futurs, la stabilité politique et réglementaire, les prix des produits de base et les coûts de production, l’obtention d’approbations, de licences et de permis gouvernementaux, réglementaires et de tiers à des conditions favorables, la stabilité de la main-d’œuvre, la stabilité des marchés financiers et des capitaux, la disponibilité de l’équipement et des fournitures essentielles, des pièces de rechange et des consommables, les diverses hypothèses fiscales, les estimations de CAPEX et OPEX, le statut des permis du Projet minier Uatnan, toutes les projections économiques et opérationnelles relatives au projet, les infrastructures locales, les perspectives et occasions d’affaires de la Société et les estimations du rendement opérationnel de l’équipement, et ne sont pas garants du rendement futur. Les énoncés prospectifs sont assujettis à des risques connus et inconnus et à des incertitudes qui pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux anticipés ou suggérés dans les énoncés prospectifs. Les facteurs de risque qui pourraient faire en sorte que les résultats ou les événements réels soient sensiblement différents des attentes actuelles comprennent notamment des retards quant aux dates de livraison prévues de l’équipement, la capacité de la Société à mettre en œuvre ses initiatives stratégiques et si ces initiatives stratégiques donneront les résultats escomptés, la disponibilité d’un financement ou d’un financement à des conditions favorables pour la Société, la dépendance aux prix des matières premières, l’impact de l’inflation sur les coûts, les risques d’obtention des permis nécessaires, le rendement opérationnel des actifs et des activités de la Société, les facteurs concurrentiels dans le secteur de l’exploitation minière et de la production du graphite, les changements aux lois et aux règlements ayant une incidence sur les activités de la Société, le risque d’acceptabilité politique et sociale, le risque lié à la réglementation environnementale, le risque lié aux devises et aux taux de change, les développements technologiques, l’impact de la pandémie de COVID-19 et des mesures mises en place par les gouvernements en réaction à cette pandémie, et la conjoncture économique en général ainsi que les risques liés aux bénéfices, aux dépenses d’investissement, aux flux de trésorerie et à la structure du capital et aux risques commerciaux généraux. Une description plus détaillée des risques et des incertitudes figure dans la notice annuelle de NMG datée du 22 mars 2022, notamment dans la section intitulée « Facteurs de risque », qui est disponible sur SEDAR à l’adresse www.sedar.com et sur EDGAR à l’adresse www.sec.gov. D’autres facteurs imprévisibles ou inconnus qui ne sont pas abordés dans la présente mise en garde pourraient aussi avoir un impact défavorable important sur les énoncés prospectifs. Plusieurs de ces incertitudes et de ces imprévus peuvent affecter directement ou indirectement ou pourraient faire en sorte que les résultats ou le rendement réels diffèrent considérablement de ceux avancés ou sous-entendus dans les énoncés prospectifs. Rien ne garantit que les énoncés prospectifs se révéleront exacts, car les résultats réels et les événements futurs pourraient différer de manière importante de ceux anticipés dans ces énoncés. Les énoncés prospectifs sont présentés dans le but de fournir de l’information sur les attentes actuelles de la direction et ses plans pour l’avenir. La Société n’assume aucune obligation de mettre à jour ou de réviser ces énoncés prospectifs, ni d’expliquer toute différence importante entre les événements réels subséquents et ces énoncés prospectifs, sauf tel que l’exigent les lois en valeurs mobilières applicables. Les données sur le marché et l’industrie contenues dans ce communiqué de presse sont basées sur des informations provenant de publications industrielles indépendantes, d’études de marché, de rapports et d’enquêtes d’analystes et d’autres sources accessibles au public. Bien que la Société estime que ces sources sont généralement fiables, les données sur le marché et l’industrie sont sujettes à interprétation et ne peuvent être vérifiées avec une certitude totale en raison des limites de la disponibilité et de la fiabilité des données brutes, de la nature volontaire du processus de collecte des données et d’autres limites et incertitudes inhérentes à toute enquête. La Société n’a pas vérifié de manière indépendante les données provenant de sources tierces auxquelles il est fait référence dans ce communiqué de presse et, par conséquent, l’exactitude et l’exhaustivité de ces données ne sont pas garanties. Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (au sens attribué à ce terme dans les politiques de la Bourse de croissance TSX) n’assument la responsabilité quant à la pertinence ou à l’exactitude du présent communiqué de presse. De plus amples renseignements concernant la Société sont disponibles dans la base de données SEDAR (www.sedar.com), et pour les lecteurs américains sur EDGAR (www.sec.gov), ainsi que sur le site Web de la Société à l’adresse : www.NMG.com.
businesswire.com
- 2 years ago
NMG Provides Operational Update and Files 2022 Financial Reports: Progress in Developing what is Planned to Be North America’s Largest Integrated Source of Natural Graphite Materials for the Energy Transition
MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG“ or the “Company”) (NYSE: NMG, TSX.V: NOU) publishes a positive progress report in advancing a North American integrated source of graphite-based solutions for the energy transition through its year-end financial reports and 2022 Annual Report. Guided by its environmental, social, and governance (“ESG”) compass, the Company is advancing its phased development plan to supply the fast-growing electric vehicles (“EV”)/battery industry with high-performing active anode material with a carbon-neutral footprint. Significant milestones in recent months strengthened the Company’s execution plan to derisk its projects, advance toward commercialization, and prepare a roadmap for growth in line with the market demand. Arne H Frandsen, Chair of NMG, declared: “North America and Europe are accelerating the development of their cleantech production capacity. The push towards energy resilience and ESG compliance places NMG’s mining and advanced manufacturing operations in a privileged position. Local, sizeable, carbon-neutral, traceable, ethical, scalable; NMG checks all boxes to become a supplier of choice to leading EV/battery manufacturers. It is no surprise to see our technical sales teams so solicited as supply tightens and demand increases.” Eric Desaulniers, Founder, President and CEO of NMG, added: “The year 2022 marked 10 years since I founded the Company. While much has changed in the last decade, there is still a lag in acknowledging minerals and advanced materials as the cornerstones of the energy transition. If lithium has garnered much attention and market enthusiasm, graphite – the battery raw material set to have the highest growth in demand – is due for a comparable spike in interest. As markets catch up to this reality, Team Nouveau Monde is steadily advancing our Phase-1 production capacity, Phase-2 commercial projects and Phase-3 expansion plans. The outlooks are promising; the coming months are set to crystalize the Company’s position as North America’s largest integrated source of natural graphite materials for the energy transition.” Integrated Operations & Phased Development NMG continues to qualify anode material samples with leading battery and EV manufacturers, as well as purified jumbo flakes for niche applications such as hydrogen fuel cells. Production at Phase-1 facilities and performance tests at NMG’s state-of-the-art laboratory enable the supply of graphite products in a variety of specifications to meet the individual requirements of each manufacturer. A total of 47 samples were produced and supplied to potential customers in 2022 as part of sales discussions. Sustained interest from top-tier manufacturers is supported by product qualification protocols, quality checks, site visits to the Company’s Phase-1 operations, requests for information, and environmental due diligence. In line with specific client specifications, NMG progresses in optimizing its proprietary purification process. Recent production samples have demonstrated excellent results both at the Company’s laboratory and at a leading third-party facility, indicating effective process and operational parameters. Testing of the new commercial-scale coating unit and second shaping module also advances at the Company’s Phase-1 plant with the objective of providing a wider range of specialized products and enhancing production performance in terms of yield and throughput. Piloting at Phase-1 facilities informs process optimization and engineering for NMG’s Phase-2 Matawinie Mine and Bécancour Battery Material Plant. To that end, NMG has finalized the execution and contracting strategy for each project in preparation for construction once a final investment decision (“FID”) is reached. Groundwork at the Matawinie site continued up to February 2023 to build environmental infrastructure such as water ditches, a water collection basin, as well as organic and overburden stockpiles, and prepare the site for the next phase of civil works. As part of its electrification strategy, the Company is also progressing with Caterpillar Inc. (“Caterpillar”) towards equipping the Matawinie Mine with an all-electric fleet. Caterpillar’s and NMG’s technical teams are actively engaged in assessing technology opportunities and planning the zero-emission fleet development and testing for the Phase-2 Matawinie Mine. Supporting its Phase 3, the Company completed and filed the preliminary economic assessment (“PEA”) for the Uatnan Mining Project located in Québec, Canada. The PEA shows strong economics for NMG’s updated operational parameters and production volumes, targeting the production of approximately 500,000 tonnes of graphite concentrate per annum over a 24-year life of mine. The proposed Uatnan Mining Project is currently one of the largest projected natural graphite productions being developed in the world. Consistent with NMG’s vertical integration strategy and accelerating market dynamics, the Uatnan Mining Project’s contemplated production would serve as feedstock for battery materials advanced manufacturing, providing refining expansion opportunity, increasing potential margins, and enhancing the Company’s growth profile. The PEA shows that the Uatnan Mining Project is technically feasible as well as economically viable. On the basis of these positive results, NMG intends to launch an updated feasibility study in compliance with the option and joint venture agreement signed with Mason Graphite Inc. Commercial Engagement & Market Outlook In line with its active marketing and commercialization program, the Company pursues engagement with a series of potential tier-1 customers in the EV and battery sector towards offtake agreements. On the heels of its agreement with Panasonic Energy Co., Ltd. (“Panasonic Energy”), NMG is collaborating with Panasonic Energy’s specialized teams to finalize product qualification and establish a contemplated definitive offtake agreement. Meetings and on-site visits help advance technical and commercial components. Additional commercial discussions with potential customers for active anode material and graphite-based solutions for niche applications also continue in parallel. These activities are supported by the production of samples at the Company’s Phase-1 plants, site visits, quality checks, and environmental diligence reviews. Current market conditions remain favorable to NMG due to increased demand for battery minerals, governmental policies for localization of energy/EV industries and restricting sales of internal combustion engines, as well as trade agreements. Benchmark Mineral Intelligence now tracks 8,148 GWh of global lithium-ion battery production capacity to come into production by 2030 to meet these underlying economic trends. Demand for advanced materials is correspondingly set to increase up to fivefold, with graphite outpacing all other battery metals at 10,363,000 tonnes per annum (“tpa”) (March 2023). Canada is among the emerging leaders of this new economy, ranking second after China according to BloombergNEF’s annual global lithium-ion battery supply chain report (November 2022), due to its mineral resources, ESG factors, key infrastructure, innovation, and industry, including Québec’s battery valley in Bécancour. NMG’s site for its Phase-2 Bécancour Battery Material Plant is indeed located at the center of this fast-developing zone, supported by the Québec Government’s battery hub strategy. The Company is ideally located to cater to the North American and European markets with its large graphite deposit, proprietary ecotechnologies, demonstrated production capacity, carbon-neutral profile, as well as preferential jurisdiction advantages including clean hydropower, flexible logistical base and stable fiscal and political environment. Corporate Development True to its Zero-Harm Philosophy, the Company is focused on the safe and environmentally responsible conduct of its activities. NMG ended the year with an OSHA rate of 2.25 at the Company’s facilities and 0 at contractors’ work sites, with 0 major environmental incidents. Throughout the year, the Company reinforced engagement with communities, First Nations, and stakeholders to collaborate on the development of NMG’s projects, create shared value, and elevate research and development (“R&D”) efforts and industrial collaboration. For instance, NMG obtained grants for an amount of $3.6 million for the deployment of the coating technology at the Company’s Phase-1 operations and for R&D projects targeting the development of advanced manufacturing of graphite-based materials with a low environmental impact. In parallel, financing efforts for the development of NMG’s fully vertically integrated Phase-2 operations, combining the Bécancour Battery Material Plant and Matawinie Mine, continue towards securing medium-term debt complemented by strategic equity participation. Due diligence exercises for export credit agencies and engagement with governmental branches progress as planned. The Company’s year-end cash position of $59.9 million 2022 Carbon Balance Taking responsibility for its environmental footprint, the Company is taking concrete steps to avoid, reduce, and fully offset its greenhouse gas (“GHG”) emissions, thus maintaining its carbon-neutral status and transitioning to Net Zero. For 2022, the Company reports GHG emissions of 1,229.1 tonnes of CO2 equivalent associated with carrying out operations at its Phase-1 demonstration plants and corporate offices. NMG has purchased carbon credits certified to the Verified Carbon Standard (VCS) Program to offset this balance. Credits align with NMG’s Climate Action Plan offsetting strategy, drive investments in developing economies affected by climate change and support the following clean energy and biodiversity projects: » Construction and operation of a greenfield 20 MW solar photovoltaic power plant in Ambatolampy, Madagascar, to reduce the country’s dependence on imported fossil fuels. The project is the first large-scale solar photovoltaic power plant on the island and is set to generate approximately 23,431 tonnes of CO2 equivalent emission reductions per year. » Preservation of 64,000 hectares of tropical peat swamp forest via the Rimba Raya Biodiversity Reserve Project in Indonesia. The area, rich in biodiversity including the endangered Bornean orangutan, was originally slated to be converted into palm oil estates. » Forest plantations on degraded grasslands under extensive grazing in the Guanaré Forest in Uruguay. NMG voluntarily initiated reporting under the Climate Disclosure Project (“CDP”) in 2022 to demonstrate its management of climate risks and opportunities, environmental performance and GHG reduction efforts, as well as climate action. CDP provides a transparent and recognized disclosure system that enables investors and stakeholders to access and compare organizations’ environmental stewardship. The Company’s rating and survey responses are now publicly available on CDP’s platform. Furthermore, a dedicated ESG Report to be published in Q2-2023 will provide additional visibility over the extent of the Company’s efforts and performance in 2022 regarding climate action, environmental stewardship, governance, and social engagement. About Nouveau Monde Graphite Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada, for the growing lithium-ion and fuel cell markets. With enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com Subscribe to our news feed: https://bit.ly/3UDrY3X Cautionary Note All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the timeline and costs of the initiatives and projects described in this press release, the entering into a definitive offtake agreement, the results of the preliminary economic assessment, including the potential development and operation of the Lac Guéret property and the formation of a joint venture, the results of the optimized feasibility study, the intended commercial production of high-performing active anode material with a carbon-neutral footprint, the Company’s commitments and initiatives described in this press release, including those related to ESG, the positive impact of the foregoing on project economics, the Company’s relationship with its stakeholders, market and industry trends, the ability to obtain appropriate and sufficient financing required for the development of the Matawinie Mine and Bécancour Battery Material Plant, the expected electrification strategy and its intended results and benefits, the projection of developing the largest integrated source of natural graphite materials for the energy transition, the general business and operational outlook of the Company, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation at estimated prices of the equipment supporting the production, assumed sale prices for graphite concentrate, the accuracy of any Mineral Resource estimates, future currency exchange rates and interest rates, political and regulatory stability, prices of commodity and production costs, the receipt of governmental, regulatory and third party approvals, licenses and permits on favorable terms, sustained labor stability, stability in financial and capital markets, availability of equipment and critical supplies, spare parts and consumables, the various tax assumptions, CAPEX and OPEX estimates, the Uatnan Mining Project permits’ status, all economic and operational projections relating to the project, local infrastructures, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance. Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, those risks, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Company believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Company has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
businesswire.com
- 2 years ago
Healthcare Veterans Louis Raya and Tyler Wells Join ADVault as Vice Presidents of Business Development
DALLAS--(BUSINESS WIRE)--ADVault, the nation’s leader in digital advance care planning, announced today the appointments of Louis Raya and Tyler Wells as Vice Presidents of Business Development. Both bring to their new positions deep experience in leveraging technology to effectively address the myriad of challenges currently being faced by healthcare providers nationwide. At ADVault, Raya’s primary areas of focus will be hospitals, healthcare systems, and accountable care organizations (ACOs) while Wells will work with post-acute, long-term, hospice, and palliative care professionals. To their respective audiences, both will be responsible for managing the complete sales cycle process, building relationships with key decision makers, hosting virtual and in-person client meetings, and giving presentations and demonstrations. They will also represent ADVault at industry events and on webinars, prepare business case analyses, and respond to requests for proposals. “The experience Louis and Tyler bring to their roles allows them to uniquely understand the pain points that healthcare executives and physician leaders are facing today and how the technology provided by ADVault can play a major role in helping the healthcare system work better for everyone,” said ADVault CEO Scott Brown. “We will also be looking to them to foster strong partnerships with key referral partners and others within the healthcare industry to help educate the market and lead the change necessary to ensure that patient voices in clinical decision-making will be heard.” Most recently, Raya served as a regional director for Waystar and before that a senior hospital and health systems executive at eSolutions, prior to its acquisition by Waystar. In both organizations, Raya established himself as a valuable resource and trusted advisor to a host of C-suite executives, allowing him to acquire new accounts, build territories and establish new opportunities for his company. In doing so, he consistently exceeded company sales and revenue goals within multiple segments of the healthcare industry. Wells joins ADVault from an almost identical path, most recently serving as senior account representative at Waystar following two years as senior associate at eSolutions. Now as a member of the ADVault team, Wells will leverage both his 14 years’ experience in the healthcare IT industry as well as his bachelor’s degree in business marketing to demonstrate to post-acute and long-term care providers how ADVault’s advance care planning technologies can best serve patients, residents, their families, and caregivers. The ADVault technology portfolio includes tools for healthcare practitioners, payers and consumers that empower all adults to record their end-of-life wishes concerning such issues as location of care, life-sustaining treatments, CPR, medical treatment goals, and organ donation, as well as to name one or more healthcare agents or proxies. Its MyDirectives for Clinicians™ solution uses an intuitive Q&A format to guide discussions and help create or upload ACP documents and portable medical orders and, by doing so, ensure that patient wishes are easily retrievable across the healthcare continuum 24/7/365. Leveraging technology to record and store these documents provides peace of mind for both the patient and family members – as well as for clinicians at point of care -- so better decisions can be made. About ADVault ADVault, Inc. built upon its award-winning, free MyDirectives® consumer application to develop the world’s first and only interoperable, SaaS solution suite of advance care planning (ACP) tools and highly secure cloud-based storage accessible anytime, anywhere across the healthcare ecosystem for payers and providers to run a best-in-class ACP program. Automatic end-to-end ACP tracking provides robust time and activity reporting for program reimbursement, compliance, and performance metrics. Visit www.advaultinc.com.
businesswire.com
- 2 years ago
8. Profile
Summary
Erayak Power Solution Group Inc. RAYA
COUNTRY
CN
INDUSTRY
Electrical Equipment & Parts
MARKET CAP
$ 98.6 M
Dividend Yield
0.00%
Description
Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. The company's products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. It operates in the People's Republic of China, France, Poland, Mexico, and the United Kingdom. The company was founded in 2009 and is based in Wenzhou, the People's Republic of China. Erayak Power Solution Group Inc. operates as a subsidiary of Erayak International Limited.
Contact
No. 528, 4th Avenue, Wenzhou, 325025
https://erayakpower.com
IPO
Date
Dec. 14, 2022
Employees
360
Officers
Mr. Lingyi Kong
Chairman & Chief Executive Officer
Ms. Lanling Gu
Chief Financial Officer