#RareEarthMetals and #China; Sector Snapshot with Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF); @DefenseMetals #Mining #RE

#RareEarthMetals and #China; Sector Snapshot  with Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF); @DefenseMetals #Mining #REE 

 

Vancouver, British Columbia – December 15, 2020 Investorideas.com Newswire – Sector and Media alert for Rare Metals and Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).

 

Read this news featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12151Rare-Earth-Metals-China.asp

 

Full article and Original source - Biden’s choice for US trade representative signals anti-China stance

https://www.wsws.org/en/articles/2020/12/14/bide-d14.html

 

Excerpt :

China imposed a ban on the export of rare earths to Japan in 2010 amid sharp tensions over the disputed Senkaku/Diaoyu islets in the East China Sea, which are controlled by Tokyo but claimed by both countries. The conflict was exacerbated by the Obama administration’s belligerent stance towards Beijing, which was made explicit in its “pivot to Asia” announced in November 2011. China’s export restrictions on rare earths were later extended to the US and Europe, then dropped in 2015 after an adverse WTO ruling.

A Hong Kong-based trade lawyer Benjamin Kostrzewa, who worked on the WTO rare earths case with Tai, described her as “having an iron-fist-in-a-velvet-glove approach.”

Biden said Tai would work closely with his economic, national security and foreign policy officials. “She understands that we need … to be considerably more strategic than we’ve been in how we trade, and that makes us all stronger, how we’re made stronger by trade,” he declared.

 

Recent Company News: November 23-

Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project

 

Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) is pleased to announce that it has commissioned SGS Canada Inc. ("SGS") to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company's highly successful 26 tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020).

Craig Taylor, CEO comments:

 

"The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021."

Full news: https://ca.finance.yahoo.com/news/defense-metals-corp-initiates-pre-130000703.html

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property 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”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 finding partnerships, securing potential offtake agreements, and other business opportunities, 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 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 those filed under the Company’s profile on SEDAR at www.sedar.com. 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 conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), 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 increase in costs, 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.

 

 

Paid News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) 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/ and tickertagstocknews.com  Please read Investorideas.com privacy policy:

https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

 

MiningSectorStocks.com - investing ideas in mining stocks

Like Mining Stocks? View our Mining Stocks Directory  Get News Alerts on Mining Stocks

 

 

 

 

 

 

 

#RareEarthMetals Sector Alert Featuring Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) – China and Rare Earth Metals at play; @DefenseMetals #Mining #REE

#RareEarthMetals Sector Alert Featuring Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) – China and Rare Earth Metals at play; @DefenseMetals #Mining #REE

 

 

Vancouver, British Columbia – December 14, 2020 Investorideas.com Newswire – Sector and Media alert for Rare Metals and Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).

 

Read this news featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12141DEFN-China.asp

 

Full article and Original source - Biden’s choice for US trade representative signals anti-China stance

https://www.wsws.org/en/articles/2020/12/14/bide-d14.html

 

Excerpt :

China imposed a ban on the export of rare earths to Japan in 2010 amid sharp tensions over the disputed Senkaku/Diaoyu islets in the East China Sea, which are controlled by Tokyo but claimed by both countries. The conflict was exacerbated by the Obama administration’s belligerent stance towards Beijing, which was made explicit in its “pivot to Asia” announced in November 2011. China’s export restrictions on rare earths were later extended to the US and Europe, then dropped in 2015 after an adverse WTO ruling.

A Hong Kong-based trade lawyer Benjamin Kostrzewa, who worked on the WTO rare earths case with Tai, described her as “having an iron-fist-in-a-velvet-glove approach.”

Biden said Tai would work closely with his economic, national security and foreign policy officials. “She understands that we need … to be considerably more strategic than we’ve been in how we trade, and that makes us all stronger, how we’re made stronger by trade,” he declared.

 

Recent Company News: November 23-

Defense Metals Corp. Initiates Pre-Pilot Hydrometallurgical Optimization for its Rare Earth Elements Project

 

Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D) is pleased to announce that it has commissioned SGS Canada Inc. ("SGS") to complete additional pre-pilot hydrometallurgical test work utilizing high-grade rare earth element (REE) mineral concentrate produced during the Company's highly successful 26 tonne flotation pilot-plant that yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium) (see Defense Metals news release dated September 23, 2020).

Craig Taylor, CEO comments:

 

"The previously closed $0.25 per share private placement financing will be used to conduct additional fill-in hydrometallurgical test-work with the objective of capitalizing on opportunities that have been identified to optimize and improve on our already exceptional hydromet recoveries. As previously disclosed, we intend to complete the preliminary economic assessment (PEA) by the end of the Q1 2021."

Full news: https://ca.finance.yahoo.com/news/defense-metals-corp-initiates-pre-130000703.html

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property 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”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 finding partnerships, securing potential offtake agreements, and other business opportunities, 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 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 those filed under the Company’s profile on SEDAR at www.sedar.com. 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 conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), 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 increase in costs, 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.

 

 

Paid News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) 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/ and tickertagstocknews.com  Please read Investorideas.com privacy policy:

https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

 

 

MiningSectorStocks.com - investing ideas in mining stocks

Like Mining Stocks? View our Mining Stocks Directory  Get News Alerts on Mining Stocks

 

 

 

 

 

 

Investor Alert - Rare Earth #Mining Sector Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF); @DefenseMetals #REE

Investor Alert - Rare Earth #Mining Sector Alert for Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF); @DefenseMetals #REE

  

Vancouver, British Columbiam December 9, 2020 – Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the following article and interview:

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12091Defense-Metals-Rare-Earth-Elements.asp

 

Full article and Original source 
https://stockhouse.com/opinion/interviews/2020/12/08/rare-earth-elements-set-to-take-centre-stage

 

Oliver Gray, The Market Herald

 

When it comes to the lucrative world of mining, the long-standing stars of the show are gold and silver – particularly this year with a pandemic-driven spike in gold prices to an all-time high of more than US$2,000 per ounce.

 

But one sector, which to date has garnered little mainstream attention, is starting to make some noise.

 

Rare earths, according to geologists, are not necessarily rare but precious, particularly for their use in military, technological and electric vehicle applications.

 

North America had previously been a champion of the industry, with some of the world’s largest players, but production gradually shifted to China in the early 2000s.

 

It began in 1997 when Magniquench was sold to an investment consortium spearheaded by Archibald Cox, Jr. – the son of the Watergate prosecutor by the same name – with two Chinese state-owned metals companies, San Huan New Materials and China National Nonferrous Metals Import and Export Company. Inevitably, Magniquench was shut down in the United States and moved to China, re-opening there in 2003.

 

Molycorp was then left as the last remaining rare earths producer of any significant scale, but ultimately collapsed in 2015.

 

Since then, China – with its low labour costs, less concern for environmental impacts and generous state subsidies – has grown to account for 97 per cent of global production.

 

But, with a global shift away Chinese dependence, there appears to be a greater emphasis on the return of the rare earths industry to North America.

 

At the start of October, Ellen Lord, Under Secretary of Defense for Acquisition and Sustainment, gave a testimony to the Senate Armed Services Subcommittee on Readiness and Management Support:

 

“A U.S. rare earth mineral strategy should … consist of national stockpiles of certain rare earth elements, re-establishing rare earth mineral processing in the U.S. by implementing new incentives and removing disincentives, and [research and development] around new forms of clean rare earth mineral processing and substitutes. We will need your help,” she said.

 

The next day, U.S. President Donald Trump signed an executive order declaring a national emergency in the mining industry, with a view to “incentivising the domestic production of rare earth minerals critical for military technologies while reducing American dependence on China.”

 

Before that, Nevada-based MP Minerals – owner of the Mountain Pass rare earths mine in California’s Mojave desert, the largest rare earth project in North America – signed a deal in July this year to list on the New York Stock Exchange through a $1.5 billion merger with Fortress Value Acquisition Corp. That deal has now been approved by Shareholders.

 

So, what does all this mean for Canada’s rare earth sector?

 

If you’re Defense Metals (TSXV:DEFN, OTC:DFMTF, FRA:35D, Forum), it means a great deal. The Vancouver-based company owns the Wicheeda Project, located roughly 80 kilometres northeast of Prince George British Columbia, which bears many of the same characteristics as the prolific Mountain Pass mine[1].

 

A 30-tonne bulk sample from the project was sent to SGS Canada in Lakefield, Ontario, for metallurgical and processing test work, which returned a pilot plant concentrate grade averaging 51.6% LREO (Light Rare Earth Oxide) and an average recovery of 77.3%[2]. These results, which were published in September 2020, put among a select group of rare earth deposits capable of producing a greater than 50% LREO flotation concentrate, including Mountain Pass which boasts a concentrate grade of 60%[3].

 

In addition to a world-class rare earth deposit, Defense Metals has the benefit of an experienced leadership team led by President and CEO Craig Taylor, which includes Alex Knox – an advisor to the company – who previously had a hand in exploration and development activities at the aforementioned Molycorp.

 

We spoke to Craig to see what the impending return of North American rare earth production means for the Defense Metals and for the broader industry itself.

 

Thanks for taking the time to speak with us today, perhaps you could give us a brief introduction to Defense Metals and its operations?

 

Sure, and thanks for having me Oliver, first off, Rare earth isn’t rare, but being able extract it from the rock and have the infrastructure to deliver a viable product is extremely RARE! Through its recently updated NI 43-101 mineral resource estimate, Defense Metals has shown that the Wicheeda REE Deposit exhibits reasonable prospects for future economic extraction, while large-scale floatation pilot plant metallurgical testing demonstrates our ability to produce a potentially saleable high-grade REE mineral concentrate with options for continued refining and separation to purified rare earth oxide product.

 

Our deposit is located 70 kilometres north of Prince George BC, Canada, a highly skilled mining hub city. The infrastructure is spectacular. We have amazing road access, electricity, water, and CN Rail only 30 Kilometres away! So that's what separates us from the rest of the crowd in the rare earth space. Moving towards completing our Preliminary Economic Assessment (PEA) we expect Wicheeda’s favourable location will have a positive impact on our capex, relative the majority of other Canadian REE projects that are typically located far from existing infrastructure. We are a primary NdPr (neodymium-praseodymium) deposit, which are critical elements in lightweight high-strength permanent magnets used in the green energy, EV and military / national security markets, which are growing due to the anticipated widespread adoption of EV’s, and as trade wars continue to escalate between China and the US/ Canada, Japan, Europe, and Australia.

 

The results from the Wicheeda Project’s 30-tonne bulk sample put the deposit up there with some of the world’s most promising – what does this potential mean for the long-term path of the project?

 

We are extremely happy with the results of bench scale hydrometallurgical and flotation pilot-scale testing of our bulk sample. First and foremost, we have shown the ability to produce a very high-grade >50% rare earth mineral concentrate, which is something many other Canadian REE projects struggle to achieve. The downstream hydrometallurgical process is expected to benefit significantly from this quality of flotation concentrate grade. We have already seen the benefits in our bench scale hydrometallurgical test work which achieved 90% REE recoveries from concentrate[4].

 

Since those results were published, the Wicheeda Project has been the focus of additional exploration activities. Has that changed the outlook for the project at all?

 

Click to enlargeThe fall 2019 drill program was perfect, something I’ve never seen, a 13 for 13 drill program with mineralization in every hole and significant expansion potential to the north remaining. The 2020 indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of 12,100,000 tonnes averaging 2.90% LREO; represented a 49% increase in overall tonnage and 30% increase in overall average grade, compared to the maiden 2019 resource estimate[5]. Our updated resource estimate and the results of subsequent internal scoping studies have given us the confidence to pursue a PEA, which we hope to release by end of Q1, 2021. Looking ahead to future project development we also initiated baseline environmental monitoring in anticipation of future project applications.

 

With a recently completed financing, Defense Metals is working towards the completion of a preliminary economic assessment for the Wicheeda Project. How will that change the development of the deposit?

 

Oliver, we are quite excited about moving towards completion of a PEA as we are finally going to be able to put a value to the company, not just our market cap. With Neodymium and Praseodymium prices increasing steadily of the last 6 months, we are expecting extremely positive results. We are targeting as a base-case a potential 15 year mine life at 2 million-tonne/year throughput. Let’s not forget our deposit remains open to expansion to the north, therefore step-out and infill drilling presents opportunities to increase the size of and confidence in our deposit moving forward.

 

In late August, the Government of Saskatchewan unveiled $31 million in funding for a rare earth element processing facility, how does that benefit Defense Metals?

 

For Canada and Saskatchewan this a first ever opportunity for Canada to start processing REE’s and compete with China and increase North America’s need for critical minerals and reduce our reliance on China.

 

What does a NYSE listing like that of MP Minerals’ mean for the North American rare earth sector?

 

Great question. MP Materials, 1.4 Billion valuation and listing has been a huge lift for the entire REE market. Essentially creating a barometer for REE interest. Large smart money has taken MP material to numerous all-time highs from their recent listing last week. If you’re interested look at our DEFN news dated November 16th, 2020, Defense Metals Applauds Planned Advancement of North American REE Supply Chain with Fortress-MP Materials Merger.

 

Has the increasing focus on North American production changed Defense Metals’ strategy in any way?

 

Yes, this new focus really moves us up the ladder, we believe access to infrastructure, high grades, and favourable metallurgical test results places the Wicheeda REE Deposit no.1 in Canada and top 3 in North America.

 

Thanks again for your time, is there anything you’d like to add before we finish?

 

Do your due diligence, the facts will speak for themselves, we are extremely under-valued, now is the time to invest in DEFN, thanks Oliver.

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property 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”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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 finding partnerships, securing potential offtake agreements, and other business opportunities, 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 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 those filed under the Company’s profile on SEDAR at www.sedar.com. 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 conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), 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 increase in costs, 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.

 

Paid News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) 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/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

About Investorideas.com

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

 

MiningSectorStocks.com - investing ideas in mining stocks

Like Mining Stocks? View our Mining Stocks Directory  Get News Alerts on Mining Stocks

 

 

 

 

 

 

#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) new agreement – Solectrac (NASDAQ: $IDEX) to Supply #Solar Panels, Equipment and Installation; @SIRCStock

#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) new agreement – Solectrac (NASDAQ: $IDEX) to Supply #Solar Panels, Equipment and Installation; @SIRCStock

 

EL CAJON, Calif., December 9, 2020-Breaking renewable energy stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announces the signing of an agreement with Solectrac, Inc, an electric tractor developer and manufacturer located in Northern California and an applicant for a $500,000,000 USTDA grant.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2020/renewable-energy/12091SIRC-Solectrac.asp

 

Solar Integrated Roofing will provide solar panels, electric storage and other power devices along with installation services to Solectrac’s existing customers and grant projects where applicable. This agreement also includes future clients’ customers and grants.

 

The $75B global agricultural tractor market is largely supplied by diesel powered equipment. The continual global demand to reduce pollution with sustainable electric vehicles has propelled the electric powered tractor market to the forefront of agricultural development, efficiency and sales. Solectrac already has a 30 HP-equivalent compact electric tractor (CET) and a 40 HP-equivalent eUtility in the largest segment, the under 40 HP category, and is developing a 70 HP-equivalent utility model and a 40 HP row crop model, further expanding their market opportunities.

 

“The growth in the global agricultural market for alternative powered tractors is growing exponentially as can be seen just by the increased interest in our products. Signing an agreement with Solar Integrated Roofing provides us with a sustainable, efficient and off-grid electrical system to power our tractors. We’ll now be able to supply complete systems across the globe, regardless of the power grid connectivity or lack thereof, while reducing the equipment costs for our clients,'' commented Steve Heckeroth, CEO of Solectrac, Inc.

 

“Our highly developed, near turnkey level, product and services are perfectly suited for expansion into the agricultural equipment market and brings new opportunities for us to rapidly move into the under-served rural farming communities throughout the U.S. Solectrac has shown top of the line sustainable equipment with reduced downtime, maintenance and fuel costs. Melding our solar technology with Solectrac’s farming equipment will bring significant growth and benefit to this multi-billion-dollar industry. We look forward to working closely with Solectrac, bringing much needed efficiency and savings to the strained agricultural markets,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation.

 

About Solectrac

Solectrac, Inc., a California Benefit Corporation and a certified B Corporation, located in Northern California, has developed 100% battery powered, all electric tractors for agriculture and utility operations. Solectrac tractors provide an opportunity for farmers around the world to power their tractors by using the sun, wind, and other clean renewable sources of energy. The company's mission is to offer farmers independence from the pollution, infrastructure, and price volatility associated with fossil fuels.

 

Ideanomics (NASDAQ: IDEX) is a 24% owner with $2.6 M of investment as of last month. More information on Ideanomics can be found on their website: https://ideanomics.com/. A recent write-up from Indeanomics and Solectrac on electric tractors: https://ideanomics.com/wp-content/uploads/2020/11/Solectrac_11_11_2020.pdf

 

USTDA - The U.S. Trade and Development Agency is an independent agency of the United States government, formed in 1992 to advance economic development and U.S. commercial interests in developing and middle-income countries.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corporation (OTC: SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. For more information, please visit the Company’s website at www.solarintegratedroofingcorp.com.

 

Forward-Looking Statements

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

 

Investor Relations Contact:

Lucas A. Zimmerman

Senior Vice President

MZ North America

Main: 949-259-4987

SIRC@mzgroup.us

www.mzgroup.us

 

Paid News -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 investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. 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. Disclosure : this news release featuring SIRC 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/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

About Investorideas.com and http://www.renewableenergystocks.com/

https://www.investorideas.com/About/

 

Sign up for free stock news alerts at Investorideas.com

https://www.investorideas.com/Resources/Newsletter.asp

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood, Acorn, Stash and others. 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks - solar, wind, batteries and more - Environmental, social and governance (ESG) investing tools

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory  Get News Alerts on Renewable Energy Stocks   https://twitter.com/Investorideasc1