Solar Stocks Gain momentum from analysts (Cboe: $SING) (NASDAQ: $FSLR) (NASDAQ: $ARRY) (NASDAQ: $NXT) @_Singlepoint_ @FirstSolar @Arraytechinc @NEXTracker

Solar Stocks Gain momentum from analysts (Cboe: $SING) (NASDAQ: $FSLR) (NASDAQ: $ARRY) (NASDAQ: $NXT) @_Singlepoint_ @FirstSolar @Arraytechinc @NEXTracker

 

December 27, 2023 – Investorideas.com, a leading investor news resource covering renewable energy stocks releases a special news report on the future of the renewable energy sector and solar stocks featuring SinglePoint Inc. (Cboe:SING), a company with a portfolio of renewable energy-focused companies in solar, EV charging and energy storage.

 

Read this article, featuring SING in full at https://www.investorideas.com/news/2023/renewable-energy/12271SING-Solar-Stocks.asp

 

Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower. Jefferies analyst Dushyant Ailani moved solar stocks to the upside with his recent buy ratings on First Solar, Inc. (NASDAQ: FSLR), Enphase Energy, Inc. and Sunrun Inc.

 

Other analysts are in agreement. In a recent sector news article, CIBC Capital Markets analyst Mark Jarvi said that valuations for clean energy stocks have crashed since their peak in early 2021. However, for 2024 Jarvi commented that “Overall, we believe lower rates/yields could have both a qualitative and quantitative benefit on the sector.”

 

The sector is also being fuelled by the recent COP28 plan as 118 countries pledged to triple the world's clean power.

 

So, if the analysts are correct, the timing is right on the money for companies like SinglePoint Inc. (Cboe:SING). SinglePoint, a diversified holding company specializing in renewable energy solutions and energy-efficient applications is paving a clear path to growth, having recently finalized its underwritten public offering of 800,000 shares of common stock at a public offering price of $5.00 per share. The gross proceeds from the offering, anticipated to be $4,000,000 before underwriting discounts, commissions, and estimated offering expenses payable by the Company, were successfully closed. Additionally, the company has granted the underwriters a 45-day option to purchase up to 120,000 additional shares of common stock at the public offering price, less the underwriting discount.

 

On December 15, 2023, the shares commenced trading on the BZX Exchange, a division of Cboe Global Markets, under the ticker symbol "SING." The net proceeds from the public offering are earmarked for general corporate purposes. The company also participated in the iconic opening bell ringing ceremony on the same day.

 

Wil Ralston, Chief Executive Officer of SinglePoint, commented, "The chance to be the inaugural US Company listed on the Cboe BZX Exchange marks a momentous and historic occasion. Our interactions with the Cboe team have been exceptional, characterized by their responsiveness, attention, and support. These qualities were pivotal in our decision to transition to the Cboe. This listing move is strategically sound, as we believe Cboe's international reach will help facilitate our expansion into other markets and support our acquisitions worldwide. This capability of Cboe is a significant step in implementing our global strategy and represents a watershed moment for our company. Achieving this historic milestone is truly remarkable, aligning perfectly with our long-standing ambition and focus."

 

SinglePoint, Inc., formerly trading on the OTCQB under the "SING" trading symbol, experienced significant revenue growth, surpassing $30 million in trailing twelve-month revenue while listed. The company continues this growth trend into 2023, achieving consistent quarter-over-quarter growth.

 

This uplisting enables SinglePoint to execute its aggressive and disciplined acquisition strategy, creating a streamlined network of services related to renewable solar energy production and storage. The company aims to provide solutions for healthier living, offering a suite of products that enhance living standards and empower Americans with greater control over their independence and well-being.

 

One of the primary advantages of migrating to the Cboe exchange is the immediate exposure to a broader investor base. The Cboe, known for its robust liquidity and widespread market participation, provides SING with a platform that facilitates increased trading volumes and improved liquidity. This heightened visibility can attract a more diverse range of investors, from institutional players to retail traders, potentially leading to a more dynamic and active market for the company's shares.

 

SING’s decision to move from the OTCQB to the Cboe exchange reflects a strategic commitment to unlocking new horizons of growth, visibility, and market credibility. This transition positions the company for a more dynamic and secure trading environment, setting the stage for an exciting chapter in its journey toward continued success.

 

Others within the renewable energy space such as Array Technologies (NASDAQ: ARRY), a leading provider of tracker solutions and services for utility-scale solar energy projects, recently announced financial results for its third quarter ended September 30, 2023.

 

“Despite the near-term secular challenges which impacted our volume when compared to the prior year, Array again delivered another strong quarter across all of our key metrics. Revenue for the quarter was $350.4 million which was in-line with our expectations, and adjusted EBITDA was $57.4 million, which exceeded our expectations as we once again delivered better than anticipated gross margin of 26.0% on an adjusted basis. We also continued to deliver positive free cash flow, generating $69.4 million in the quarter, bringing our year-to-date total to $126.4 million, which puts us well on track to achieve our full-year target of between $150 million and $200 million. On the back of this cash flow generation, we elected to make a $50 million prepayment on our term loan as we begin to execute on the deleveraging we discussed in previous quarters,” said Kevin Hostetler, Chief Executive Officer.

 

Mr. Hostetler continued, “On the demand side, we continue to see positive momentum heading into 2024. We are seeing a steady increase in our domestic pipeline, which has more than doubled from the second quarter. This increase is a key early indicator of the expected momentum in our order book. That said, we have continued to be impacted by short-term delays in project timing driven by customer pushouts, which has reduced our revenue outlook for the full year. However, despite these project timing challenges, we continue to be encouraged by our operational execution, in particular our efforts to expand our non-tracker offerings which will drive better than anticipated margins for the second half of the year. Accordingly, we expect our Adjusted EBITDA and Adjusted EPS outlook to remain largely unchanged.”

 

According to one recent news piece, “Shares of renewable energy stocks have jumped over the past week, and there's one big reason. Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024.”

 

Nextracker (Nasdaq:NXT), a leading global provider of intelligent solar tracker and software solutions, made an announcement similar to SING earlier this year, when it raised $638 million in its US IPO, pricing it slightly higher than its indicated target range.

 

Nextracker sold 26.6 million shares of its Class A common stock at $24 apiece, according to the statement, giving the Fremont, California-based company a valuation of over $3.5 billion. This comes at the upper-end of their indicated range of $20 to $23 per share.

 

NXT recently announced surpassing a corporate milestone of 10 GW of smart solar trackers either operational or under fulfillment for projects located in the Middle East, Africa, and India. In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the last two weeks, this milestone was achieved this month after securing significant orders in the region.

 

Dan Shugar, Nextracker founder and CEO said, "This is a region marked by a wide range of energy transition needs and opportunities, and we’re proud to have reached this significant milestone. We continue to invest in these markets with sales, engineering, and professional services teams to better serve our customers throughout the entire solar project lifecycle. The company is laser focused on anticipating our customers’ needs and delivering the industry’s most reliable solar tracker and software solutions with unmatched wind design engineering and proven performance."

 

All over the sector we are seeing renewed growth such as with First Solar, Inc. (NASDAQ: FSLR) who recently announced an agreement to supply Swift Current Energy with 500 megawatts (MW) of advanced Series 7 thin film modules. Swift Current Energy, a Boston-headquartered developer, owner, and operator of utility-scale clean energy assets, has previously placed orders for 3.3 gigawatts of First Solar modules in 2022. This latest order, which was booked prior to the release of First Solar’s Q3 2023 results on 31 October, will see modules delivered between 2027 and 2028.

 

Swift Current Energy has commercialized more than 2.5 GW of renewable energy projects, has a project pipeline of more than 10 GW of solar, wind and energy storage, and owns 1.4 GW of renewable energy projects currently in operation or in advanced construction.

 

"As we continue to progress our US development pipeline, certainty of pricing and supply is essential to ensuring that we deliver capacity as planned," said Eric Lammers, co-founder and Chief Executive Officer, Swift Current Energy. "This latest agreement with First Solar supports our effort to build a resilient, competitive value chain, while supporting investments in domestic manufacturing, along with the jobs and economic benefits that come with it."

 

The initial hype period for the renewable and solar sector following the Biden administration’s commitments to renewable energy created a scenario where stocks were overvalued and investors had unrealistic expectations. But now, as technology improves, cost goes down and prime rates are set to lower, the renewable energy sector is poised for a much more realistic year of growth in 2024.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles.. Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring SING is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Solar Stocks Back on Watch List (Cboe: $SING) (NASDAQ: $FSLR) (NASDAQ: $ARRY) (NASDAQ: $NXT) @_Singlepoint_ @FirstSolar @Arraytechinc @NEXTracker

Solar Stocks Back on Watch List (Cboe: $SING) (NASDAQ: $FSLR) (NASDAQ: $ARRY) (NASDAQ: $NXT) @_Singlepoint_ @FirstSolar @Arraytechinc @NEXTracker

 

Lower Interest Rates and Global Push for Clean Energy Revive Bullish Sentiment

December 26, 2023 – Investorideas.com, a leading investor news resource covering renewable energy stocks releases a special news report on the future of the renewable energy sector and solar stocks featuring SinglePoint Inc. (Cboe:SING), a company with a portfolio of renewable energy-focused companies in solar, EV charging and energy storage.

 

Read this article, featuring SING in full at https://www.investorideas.com/news/2023/renewable-energy/12261Solar-Stocks-SING.asp

 

Analysts are seeing bullish signs for the solar sector and a possible turn-around as interest rates lower. Jefferies analyst Dushyant Ailani moved solar stocks to the upside with his recent buy ratings on First Solar, Inc. (NASDAQ: FSLR), Enphase Energy, Inc. and Sunrun Inc.

 

Other analysts are in agreement. In a recent sector news article, CIBC Capital Markets analyst Mark Jarvi said that valuations for clean energy stocks have crashed since their peak in early 2021. However, for 2024 Jarvi commented that “Overall, we believe lower rates/yields could have both a qualitative and quantitative benefit on the sector.”

 

The sector is also being fuelled by the recent COP28 plan as 118 countries pledged to triple the world's clean power.

 

So, if the analysts are correct, the timing is right on the money for companies like SinglePoint Inc. (Cboe:SING). SinglePoint, a diversified holding company specializing in renewable energy solutions and energy-efficient applications is paving a clear path to growth, having recently finalized its underwritten public offering of 800,000 shares of common stock at a public offering price of $5.00 per share. The gross proceeds from the offering, anticipated to be $4,000,000 before underwriting discounts, commissions, and estimated offering expenses payable by the Company, were successfully closed. Additionally, the company has granted the underwriters a 45-day option to purchase up to 120,000 additional shares of common stock at the public offering price, less the underwriting discount.

 

On December 15, 2023, the shares commenced trading on the BZX Exchange, a division of Cboe Global Markets, under the ticker symbol "SING." The net proceeds from the public offering are earmarked for general corporate purposes. The company also participated in the iconic opening bell ringing ceremony on the same day.

 

Wil Ralston, Chief Executive Officer of SinglePoint, commented, "The chance to be the inaugural US Company listed on the Cboe BZX Exchange marks a momentous and historic occasion. Our interactions with the Cboe team have been exceptional, characterized by their responsiveness, attention, and support. These qualities were pivotal in our decision to transition to the Cboe. This listing move is strategically sound, as we believe Cboe's international reach will help facilitate our expansion into other markets and support our acquisitions worldwide. This capability of Cboe is a significant step in implementing our global strategy and represents a watershed moment for our company. Achieving this historic milestone is truly remarkable, aligning perfectly with our long-standing ambition and focus."

 

SinglePoint, Inc., formerly trading on the OTCQB under the "SING" trading symbol, experienced significant revenue growth, surpassing $30 million in trailing twelve-month revenue while listed. The company continues this growth trend into 2023, achieving consistent quarter-over-quarter growth.

 

This uplisting enables SinglePoint to execute its aggressive and disciplined acquisition strategy, creating a streamlined network of services related to renewable solar energy production and storage. The company aims to provide solutions for healthier living, offering a suite of products that enhance living standards and empower Americans with greater control over their independence and well-being.

 

One of the primary advantages of migrating to the Cboe exchange is the immediate exposure to a broader investor base. The Cboe, known for its robust liquidity and widespread market participation, provides SING with a platform that facilitates increased trading volumes and improved liquidity. This heightened visibility can attract a more diverse range of investors, from institutional players to retail traders, potentially leading to a more dynamic and active market for the company's shares.

 

SING’s decision to move from the OTCQB to the Cboe exchange reflects a strategic commitment to unlocking new horizons of growth, visibility, and market credibility. This transition positions the company for a more dynamic and secure trading environment, setting the stage for an exciting chapter in its journey toward continued success.

 

Others within the renewable energy space such as Array Technologies (NASDAQ: ARRY), a leading provider of tracker solutions and services for utility-scale solar energy projects, recently announced financial results for its third quarter ended September 30, 2023.

 

“Despite the near-term secular challenges which impacted our volume when compared to the prior year, Array again delivered another strong quarter across all of our key metrics. Revenue for the quarter was $350.4 million which was in-line with our expectations, and adjusted EBITDA was $57.4 million, which exceeded our expectations as we once again delivered better than anticipated gross margin of 26.0% on an adjusted basis. We also continued to deliver positive free cash flow, generating $69.4 million in the quarter, bringing our year-to-date total to $126.4 million, which puts us well on track to achieve our full-year target of between $150 million and $200 million. On the back of this cash flow generation, we elected to make a $50 million prepayment on our term loan as we begin to execute on the deleveraging we discussed in previous quarters,” said Kevin Hostetler, Chief Executive Officer.

 

Mr. Hostetler continued, “On the demand side, we continue to see positive momentum heading into 2024. We are seeing a steady increase in our domestic pipeline, which has more than doubled from the second quarter. This increase is a key early indicator of the expected momentum in our order book. That said, we have continued to be impacted by short-term delays in project timing driven by customer pushouts, which has reduced our revenue outlook for the full year. However, despite these project timing challenges, we continue to be encouraged by our operational execution, in particular our efforts to expand our non-tracker offerings which will drive better than anticipated margins for the second half of the year. Accordingly, we expect our Adjusted EBITDA and Adjusted EPS outlook to remain largely unchanged.”

 

According to one recent news piece, “Shares of renewable energy stocks have jumped over the past week, and there's one big reason. Falling interest rates have not only pushed the market higher, they could make renewable energy companies more profitable in 2024.”

 

Nextracker (Nasdaq:NXT), a leading global provider of intelligent solar tracker and software solutions, made an announcement similar to SING earlier this year, when it raised $638 million in its US IPO, pricing it slightly higher than its indicated target range.

 

Nextracker sold 26.6 million shares of its Class A common stock at $24 apiece, according to the statement, giving the Fremont, California-based company a valuation of over $3.5 billion. This comes at the upper-end of their indicated range of $20 to $23 per share.

 

NXT recently announced surpassing a corporate milestone of 10 GW of smart solar trackers either operational or under fulfillment for projects located in the Middle East, Africa, and India. In parallel timing with the United Nations COP28 Climate Change conference held in Dubai over the last two weeks, this milestone was achieved this month after securing significant orders in the region.

 

Dan Shugar, Nextracker founder and CEO said, "This is a region marked by a wide range of energy transition needs and opportunities, and we’re proud to have reached this significant milestone. We continue to invest in these markets with sales, engineering, and professional services teams to better serve our customers throughout the entire solar project lifecycle. The company is laser focused on anticipating our customers’ needs and delivering the industry’s most reliable solar tracker and software solutions with unmatched wind design engineering and proven performance."

 

All over the sector we are seeing renewed growth such as with First Solar, Inc. (NASDAQ: FSLR) who recently announced an agreement to supply Swift Current Energy with 500 megawatts (MW) of advanced Series 7 thin film modules. Swift Current Energy, a Boston-headquartered developer, owner, and operator of utility-scale clean energy assets, has previously placed orders for 3.3 gigawatts of First Solar modules in 2022. This latest order, which was booked prior to the release of First Solar’s Q3 2023 results on 31 October, will see modules delivered between 2027 and 2028.

 

Swift Current Energy has commercialized more than 2.5 GW of renewable energy projects, has a project pipeline of more than 10 GW of solar, wind and energy storage, and owns 1.4 GW of renewable energy projects currently in operation or in advanced construction.

 

"As we continue to progress our US development pipeline, certainty of pricing and supply is essential to ensuring that we deliver capacity as planned," said Eric Lammers, co-founder and Chief Executive Officer, Swift Current Energy. "This latest agreement with First Solar supports our effort to build a resilient, competitive value chain, while supporting investments in domestic manufacturing, along with the jobs and economic benefits that come with it."

 

The initial hype period for the renewable and solar sector following the Biden administration’s commitments to renewable energy created a scenario where stocks were overvalued and investors had unrealistic expectations. But now, as technology improves, cost goes down and prime rates are set to lower, the renewable energy sector is poised for a much more realistic year of growth in 2024.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles.. Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring SING is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Solar Stock News - SinglePoint (Cboe: $SING) CEO Releases Shareholder Letter Overviewing 2023 and Successful Listing on Cboe BZX Exchange; @_Singlepoint_

Solar Stock News - SinglePoint (Cboe: $SING) CEO Releases Shareholder Letter Overviewing 2023 and Successful Listing on Cboe BZX Exchange; @_Singlepoint_

 

Successfully Uplisted to Cboe BZX Exchange December 15, 2023

 

Year to Date Revenue Crossing $30 million

 

Completed $4,000,000 Underwritten Offering Capital Raise

 

 

PHOENIX, AZ - December 21, 2023 (Investorideas.com Newswire) SinglePoint Inc. (Cboe:SING) a leading renewable solar energy and sustainable solutions provider releases shareholder letter overviewing 2023 and Successful listing on Cboe BZX Exchange.

 

Read this news, featuring SING in full at https://www.investorideas.com/news/2023/renewable-energy/12211SING-Cboe-BZX-Exchange.asp

Dear Shareholders,

As we approach the end of a tough yet remarkable year, I am pleased to share a comprehensive overview of Singlepoint Inc.'s significant strides and achievements for 2023. This year has been pivotal in our journey, marked by our largest success to date, becoming a listed Company on the Cboe Global Market BZX Exchange. This amongst additional milestones and significant improvements in financial performance, underscores our commitment to achieving the goals we set forth.

 

Strategic Uplisting to Cboe BZX Exchange

One of the most noteworthy developments this year has been our transition from the OTCQB market to the Cboe BZX Exchange. Commencing December 15, 2023, SinglePoint Inc. began trading under the ticker symbol (SING). This move is not just a milestone in our corporate evolution, it represents our commitment to growth, increased transparency, and making our Company more accessible to a broader range of investors, including institutional participants. This single accomplishment paves the way for SinglePoint to accelerate the acquisition strategy we have defined over the last 18 months. Becoming a listed Company eliminates what has historically been our most significant barrier to executing our strategy.

 

I am confident in saying 2024 will be SinglePoints' best year to date. It was an honor to participate in the opening bell ceremony at the Cboe Global Markets Exchange on December 15, 2023. This momentous occasion not only symbolized our successful listing but also highlighted our expanding presence in the renewable energy sector.

 

Financial Highlights and Growth Trajectory

Our financial performance in 2023 has been nothing short of exceptional. In the second quarter, we achieved a record-breaking 79% increase in revenue, totaling $8,149,480 compared to $4,534,681 in the same period of 2022. This is a testament to our teams and the effort they continue to put in through what has been a tumultuous year in both solar and the over markets. We expect to see continued organic growth, with acquisitions driving accelerated growth numbers.

 

Furthermore, our performance in the third quarter continued this positive trajectory. We reported a gross revenue of $6,914,934 for the quarter ending September 30, 2023. Our year-to-date revenue nearing $21 million is a clear indication of our consistent performance and successful execution of our strategic business plans.

 

Looking Ahead

As we reflect on these significant achievements, it's clear that 2023 has been a transformative year for SinglePoint Inc. Our uplisting to the Cboe BZX Exchange, participation in the Cboe opening bell ceremony, and the strong financial results are clear indicators of our dedication and fortitude. We are poised for continued success in the renewable energy sector and anticipate sustaining this momentum in the forthcoming years.

I would like to express my sincere gratitude for your continued support and belief in SinglePoint Inc. We remain steadfast in our commitment to delivering value and look forward to sharing our ongoing progress with you.

 

Wil Ralston

CEO, SinglePoint Inc.

 

Contact

SinglePoint Inc.

888-682-7464

info@singlepoint.com

 

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

 

Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: SinglePoint (Cboe:SING) is a paid featured solar stock on Investorideas - news publication and content creation effective December 21,2023 More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Rare Earth Element stocks get attention in Reuters article - Media Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF); @defensemetals

 

December 19, 2023: (Investorideas.com Newswire, Mining / Metals / Green Energy Stock news) Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) was recently featured in an article in  Reuters ‘  Western start-ups seek to break China's grip on rare earths refining’.

 

Read this media alert featuring DEFN in full at https://www.investorideas.com/news/2023/mining/12191DEFN-Reuters.asp

 

Read the full article on Reuters:

https://www.reuters.com/sustainability/climate-energy/western-start-ups-seek-break-chinas-grip-rare-earths-refining-2023-12-04/

 

Read the article on Taipei Times

https://www.taipeitimes.com/News/biz/archives/2023/12/10/2003810391

 

Ernest Scheyder, Thomson Reuters

 

Excerpt

Rare earths are a group of 17 metals used to make magnets that turn power into motion for electric vehicles, cell phones and other electronics. While U.S. scientists helped develop solvent extraction for rare earths in the 1950s, radioactive waste from the process gradually made it unpopular in the United States.

 

China began to rapidly expand in the industry starting during the 1980s and now controls 87% of global rare earths refining capacity, according to the International Energy Agency. That prowess has helped propel the country's economy to the second-largest in the world.

Rare earths miners increasingly say they are content to focus on digging up rock - rather than compounding their operations with the added step of processing.

 

Emerging Western rivals now offer the tantalizing prospect of processing the minerals in faster, cleaner and cheaper ways, if they can successfully launch.

 

"Mining companies should focus on finding new deposits," said Luisa Moreno, president of Defense Metals (DEFN.V), which aims to open a rare earths mine in British Columbia within four years and is interested in licensing Ucore's technology. "You probably should let refining be handled by others that specialize in that."

 

On a former U.S. Air Force base in Louisiana, Ucore Rare Metals (UCU.V) aims to process rare earths by mid-2025 using a technology known as RapidSX that it says is at least three times faster than solvent extraction, produces no hazardous chemical waste and requires only a third of the physical space.

 

"Our goal is to re-establish a North American rare earths supply chain," Michael Schrider, Ucore's chief operating officer, said during a visit to the site.

 

Formed in 2006, Ucore initially planned to mine a rare earths deposit in Alaska. But the company changed tack in 2022 to focus on refining, not mining, a pivot born from what two executives said they saw as a flaw in the West's strategy to weaken China's minerals dominance by trying to master both steps simultaneously.

 

Ucore, which has been testing its process with Pentagon funding, is in talks now with 17 mining companies to buy lightly processed supplies of rare earths known as concentrate, ship them to the Port of New Orleans, then truck them to a 80,800-square foot warehouse that will be outfitted with the RapidSX technology beginning in January.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the development of its 100% owned Wicheeda Rare Earth Element project located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB, and in Germany on the Frankfurt Exchange under “35D”.

 

Defense Metals is a proud member of Discovery Group. For more information please visit:

http://www.discoverygroup.ca/

 

For further information, please visit www.defensemetals.com or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 news release.

 

Cautionary Statement Regarding "Forward-Looking" Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to completion of the PFS and the expected timelines, advancing the Wicheeda REE Project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 

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