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Thursday, May 27, 2021

#ESG #Stocks in the News: Solar Integrated Roofing (OTC: $SIRC) Appoints Respected #Technology Leader Muthla AlSayer to Board of Directors; @SIRCStock

#ESG #Stocks in the News: Solar Integrated Roofing (OTC: $SIRC) Appoints Respected #Technology Leader Muthla AlSayer to Board of Directors; @SIRCStock

 

EL CAJON, CA – May 27, 2021 - Solar/EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, has appointed respected technology leader Muthla AlSayer to the Board of Directors, effective immediately.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/05271SIRC-Board-of-Directors.asp

 

AlSayer is a technology expert with over 20 years of experience guiding business strategy and creating purpose-built technology solutions. She was CEO & Co-Founder of omniX labs, where she brought experience and understanding of connecting the physical space in a digital world. Prior to omniX labs she was CEO of TagStone, an IoT technology systems integration company, and a management consultant at Bridgewater Associates, the world’s largest hedge fund.

 

She started her career at Goldman Sachs, an Investment Bank in New York City. She is a YPO member and has served as board member or advisor with companies including Precinct Partners, Toolbox OS, Claira, ElevenPoint2 and Abana. Muthla AlSayer graduated from Rensselaer Polytechnic Institute and received a BS in Computer Systems Engineering as well as an MBA from MIT Sloan.

 

“Muthla is a highly respected, purpose-driven leader who has a strong track record of success throughout her career,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Her expertise in strategy, business development, operations and finance will prove invaluable as we strive to drive sustainable revenue growth and profitability in the near-term. In addition, her appointment importantly allows us to meet the requirement for two independent directors, which is a requirement for uplisting to the OTCQB.

 

“We welcome Muthla to the Board and look forward to her contributions as we continue to scale our company, leveraging recent acquisitions to create a truly comprehensive nationwide platform company for solar, battery and roofing solutions. I look forward to executing upon this vision to create sustainable value for our shareholders over the long-term,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.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

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Wednesday, May 26, 2021

#Metals/ #GreenEnergy News-Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Plans for 2021 Wicheeda Rare Earth Element Deposit Resource Expansion and Definition Diamond Drill Program; @DefenseMetals

#Metals/ #GreenEnergy News-Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Announces Plans for 2021 Wicheeda Rare Earth Element Deposit Resource Expansion and Definition Diamond Drill Program; @DefenseMetals

 


Vancouver, British Columbia – May 26, 2021
Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce plans to complete a diamond drill campaign during 2021 at its Wicheeda Rare Earth Element (REE) deposit. The Company plans to complete a minimum of 2,000 metres and up to 5,000 metres of diamond drilling designed to expand the deposit and further delineate existing resources.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/05261DEFN-Wicheeda-Rare-Earth-Element.asp

 

The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].

 

During 2019, the Company completed 13 diamond drill holes totalling 2,005 metres that expanded the Wicheeda deposit to the north, where it remains open, and further delineated the relatively higher-grade, near surface dolomite carbonatite unit within the main southern part of the deposit.  The 2019 drill campaign yielded one of the highest grade REE intercepts to date within drill hole WI19-31 that returned 4.43% LREO over 83 metres; including 5.47% LREO over a drill core interval of 33 metres ending in mineralization[2], and culminated in the release of the first three-dimensional geological model for the Wicheeda Deposit and a significant increase in mineral resources (see Defense Metals News Release Dated May 13, 2020).

 

The 2021 Wicheeda diamond drill program is designed to build on the successes of the 2019 campaign and will focus on expanding the zone REE mineralized dolomite-carbonatite to the north, in addition to further delineating existing inferred resources within the central and northwestern areas of the deposit (Figure 1).

 

Craig Taylor, CEO of Defense Metals, stated: “Defense Metals is pleased to announce its plans to complete further resource expansion and delineation diamond drilling at Wicheeda. Building on the success of our 2019 drill program we see a way forward to expanding the deposit northward, which has the potential to provide additional near surface resources, and to further delineation of existing inferred resources.”

 

 


 

 

Figure 1. Wicheeda REE Deposit Drill Plan And 2019 Assay Results

About the Wicheeda REE Property

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

 

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.  

 

About Defense Metals Corp.

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

 

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 “forwardlooking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the planned drilling on the Wicheeda Property and the expected outcomes, the advancement and development of the Wicheeda Property, 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 machinery, equipment and personnel will be available if and when needed and on reasonable terms, 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. 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 conditions, failure to maintain or obtain 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 forwardlooking statements or forwardlooking 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

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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

[2] The true width of REE mineralization is estimated to be 70-100% of the drilled interval. See Defense Metals News Release Dated November 27, 2019.

#Solar/ #EV #Stock News - Solar Integrated Roofing (OTC: $SIRC) Appoints Respected #Technology Leader Muthla AlSayer to Board of Directors; @SIRCStock

#Solar/ #EV #Stock News - Solar Integrated Roofing (OTC: $SIRC) Appoints Respected #Technology Leader Muthla AlSayer to Board of Directors; @SIRCStock

 

Appointment of Second Independent Director Meets Corporate Governance Requirement for OTCQB Uplisting

 


EL CAJON, CA – May 26, 2021
 - Solar/EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, has appointed respected technology leader Muthla AlSayer to the Board of Directors, effective immediately.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/05261SIRC-Muthla-AlSayer.asp

 

AlSayer is a technology expert with over 20 years of experience guiding business strategy and creating purpose-built technology solutions. She was CEO & Co-Founder of omniX labs, where she brought experience and understanding of connecting the physical space in a digital world. Prior to omniX labs she was CEO of TagStone, an IoT technology systems integration company, and a management consultant at Bridgewater Associates, the world’s largest hedge fund.

 

She started her career at Goldman Sachs, an Investment Bank in New York City. She is a YPO member and has served as board member or advisor with companies including Precinct Partners, Toolbox OS, Claira, ElevenPoint2 and Abana. Muthla AlSayer graduated from Rensselaer Polytechnic Institute and received a BS in Computer Systems Engineering as well as an MBA from MIT Sloan.

 

“Muthla is a highly respected, purpose-driven leader who has a strong track record of success throughout her career,” said David Massey, Chief Executive Officer of Solar Integrated Roofing. “Her expertise in strategy, business development, operations and finance will prove invaluable as we strive to drive sustainable revenue growth and profitability in the near-term. In addition, her appointment importantly allows us to meet the requirement for two independent directors, which is a requirement for uplisting to the OTCQB.

 

“We welcome Muthla to the Board and look forward to her contributions as we continue to scale our company, leveraging recent acquisitions to create a truly comprehensive nationwide platform company for solar, battery and roofing solutions. I look forward to executing upon this vision to create sustainable value for our shareholders over the long-term,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.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

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Tuesday, May 25, 2021

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#Cleantech Interview with Jean-Pierre Colin, President and CEO of Galaxy Power Inc. Discussing Flow-Through Share Investments

 

#Cleantech Interview with Jean-Pierre Colin, President and CEO of Galaxy Power Inc. Discussing Flow-Through Share Investments

 

Galaxy Power’s Mission is to be at the forefront of #Cleantech opportunities, such as the Canadian Federal Government’s recent Budget, related to solutions to #ClimateChange

 



 

May 25, 2021 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues an exclusive Dawn Van Zant (of investorideas.com) interview with Jean-Pierre Colin, President and CEO of Galaxy Power Inc.

 

CEO of Galaxy Power, Jean-Pierre Colin (JPC), former high profile Bay Street Investment Banker and a lawyer, is leading a group of professionals at Galaxy Power to create one of Canada’s leading hubs of Clean Tech public company industry knowledge, especially as it relates to the advocacy of emerging and fast-growing new Hydrogen Economy.

 

Read this in full at https://www.investorideas.com/news/2021/renewable-energy/05251Galaxy-Power-Jean-Pierre-Colin.asp

 



Jean-Pierre Colin

 




Jean-Pierre was the pioneer who led the very first three ever Flow-Through Share deals in Canada. He went on to create a series of nine public Flow-Through Share Funds which in aggregate successfully managed and invested over $700 Million in over 300 public Mining and Oil & Gas companies in Canada, followed by over 25,000 investors and 2,500 retail brokers. One such fund was Canada’s largest ever junior mining Flow-Through Share Fund which raised $193,000,000 for Flow-Through Shares. In the 1990’s Jean-Pierre also launched Canada’s first exploration Flow-Through Share Fund aimed at developing the growing Canadian diamond mining industry. Jean-Pierre is currently Executive Vice President of dynaCERT Inc. (TSX: DYA) and also serves on the Hydrogen Strategy Working Group, advising the Ontario Government on its future hydrogen economy initiatives and policy.

 

Interview:

 

Q: Investorideas.com

Jean-Pierre, can you explain what Flow-Through Share are and how they work?

 

A: Jean-Pierre Colin (JPC)

Flow-Through Shares are a very successful tax incentive programme that was originally developed by the Canadian Government to enhance investor interest in resource industries like mining and oil & gas. This programme empowered the raising of over $20 Billion by the private sectors and gave financial reach to our high-risk Canadian exploration and development initiatives throughout every Province & Territory of the country. Many Canadian Northern communities have flourished economically as a result of Flow-Through Shares, hundreds of thousands of permanent jobs were created and new wealth was created for Canadians.

 

Companies that raise funds by issuing Flow-Through Shares to investors, and expend such funds as prescribed by Canada’s Tax Act, can renounce certain tax deductions to investors who purchase their shares. As a result, this lowers the initial risk-reward investment proposition to shareholders and enhances the flow of funds from the private sector to expenditures which dovetail with government mandated objectives.

 

To further reduce risk and enhance the use of Flow-Through Shares, many public limited partnerships were created to offer investors a pool or portfolio of companies. These partnerships made investments in Flow-Through Shares exponentially more attractive to investors by providing experienced professional management and diversification of risk for their investors.

 

In 2021, the Canadian Federal Budget proposes to further widen the availability of Flow-Through Shares to the growing Clean Technology Industry and the New Hydrogen Economy in Canada. This is great news for proponents of Canada reaching its carbon emission targets under the Paris accord.

 

 

Q: Investorideas.com

Can you share why Galaxy Power is a recognized authority to discuss Flow-Through Shares as it applies to Clean Technology and the latest Canadian Federal Budget?

 

A: Jean-Pierre Colin (JPC)

 Galaxy Power is a Canadian private corporation that recognized very early on that new Clean Tech products and new Clean Tech businesses are emerging because of the very strong national and international government impetus and the associated Canadian business fortitude. The entire world, on a planetary scale, is focussing on Hydrogen as a Clean Technology solution to the imperative demands of Climate Change.

 

Galaxy Power’s Mission is to be at the forefront of opportunities, such as the Canadian Federal Government’s recent Budget, related to solutions to Climate Change.

 

Galaxy Power is fostering the development of companies operating at the early stages of this emerging growth curve. To successfully accomplish our proud mission, we are co-opting the finest like-minded experienced people leading various critical aspects of the Canadian CleanTech intellect, both from a business point of view and a scientific and technical point of view.

 

 

Q: Investorideas.com

It looks like your ongoing proposals to Governments have paid off. Please tell us about your recent efforts in leading the advocacy of Flow-Through Shares.

 

A: Jean-Pierre Colin (JPC)

Two years ago, I lobbied the Ontario Provincial Government to allow Clean Technology Companies to be allowed to make use of Flow-Through Shares in Ontario. This led to a second, more significant Clean Tech Flow-Through Share lobbying effort with Canada’s Federal Government. It certainly paid off; the new Federal Government saw the importance right away and has announced many new initiatives to include additional Clean Tech Flow-Through Shares in the Tax Act.

 

 

Q: Investorideas.com

Who are other members and professionals involved with Galaxy Power and what are their credentials?

 

A: Jean-Pierre Colin (JPC)

Galaxy Power has co-opted well-known members of various aspects of the Clean Technology Space. To name a few: Jennifer Stevenson, Vice President & Portfolio Manager of 1832 Asset Management, one of Canada’s largest investment management firms, a Scotiabank & Dynamic Funds affiliate; Stephen Kukucha, ex Ballard Power (TSX: BLDP) , is a Board Member of SDTC, Sustainable Development Technology Canada, which is funded by the Federal government and invests in Clean Technology in Canada; Perry Dellelce, senior partner and founder of the law firm Wildeboer Dellelce, a leader in ESG and clean technology legal matters; Jim Payne, CEO of Toronto Stock Exchange publicly listed hydrogen technology company, dynaCERT Inc. (TSX: DYA) , a successful carbon emission reduction technology company; Frank Klees, former Ontario Minister of Transportation; and, Sarbjit Kaur and Amir Farahi who are both high-profile specialists in Government Relations and proponents of Clean Technology and Flow-Through Shares. Galaxy Power has also recruited Gavy Singh, a Canadian expert in the design of hydrogen electrolysers and David Bridge, ex-RIM/Blackberry (NYSE: BB; TSX: BB) and Virgin Mobile, a software design team leader and inventor of innovative clean technology telematics products. We have also co-opted renowned expertise in the US with the addition of Harold Martin, founder of Martin Technologies which revolutionises clean technology solutions for the OEM vehicle industry.

 

 

Q: Investorideas.com

 What does the 2021 Federal Budget do to promote Clean Technology with respect to Flow-Through Shares?

 

A: Jean-Pierre Colin (JPC)

The Budget proposes to greatly expand the application of Flow-Through Shares to Clean Technology in Canada. More specifically, the Budget allows more funding to flow into private sector companies that foster the Federal Government objectives on Climate Change. The ESG focus of the Budget objectives clearly is the New Hydrogen Economy. This Budget will have a dramatic positive effect on the Canadian Clean Tech landscape for the private sectors, both for private businesses and publicly listed companies.

 

 

Q: Investorideas.com

 What types of corporate expenditures are outlined in the Budget as being critical to our Federal Government?

 

A: Jean-Pierre Colin (JPC)

The Budget actually contains a very comprehensive list. This is unusual because often a Budget only contains guidelines regarding technical matters. Here, the Budget has listed many types of situations that will benefit Clean Tech Flow-Through Shares. This highly encouraging situation is so promising to proponents of Canadian Climate Change solutions. Furthermore, the Budget goes even beyond by stating that many expenditures that will qualify for Flow-Through Shares will start as of the date of the Budget, not the date of Budget legislation which comes later. As a result, some companies in Canada that have projects commenced in 2021 will be rewarded for starting early on expending funds that meet government Clean Technology incentives.

 

For Instance, the Budget lists items such as these:

 

Fossil-fuelled cogeneration systems; fossil-fuelled enhanced combined cycle systems; specified waste-fuelled electrical generation systems with an electrical capacity greater than 3 megawatts; specified waste-fuelled heat production equipment for which more than one quarter of the total fuel energy input is from fossil fuels; and producer gas generating equipment for which more than one quarter of the total fuel energy input is from fossil fuels, pumped hydroelectric storage equipment, electricity generation equipment that uses physical barriers or dam-like structures to harness the kinetic energy of flowing water or wave or tidal energy, active solar heating systems, ground source heat pump systems, and geothermal energy systems that are used to heat water for a swimming pool, equipment used to produce solid and liquid fuels (e.g., wood pellets and renewable diesel) from specified waste material or carbon dioxide, a broader range of equipment used for the production of hydrogen by electrolysis of water; and equipment used to dispense hydrogen for use in hydrogen-powered automotive equipment and vehicles. 

 

As you can see, the new Budget is not just broad political rhetoric, the government has really thought through what they hope the early days of Clean Tech Flow-Through to be in Canada. I surmise, in future years, the government will further expand the eligibility opportunities.

 

 

Q: Investorideas.com

What do you think will happen after the Budget Bill is tabled by the Federal Government?

 

A: Jean-Pierre Colin (JPC)

First of all, Canadian taxpayers will be able to receive substantial tax incentives for investing in certain eligible Clean Technology projects and Clean Tech expenditures.

 

Secondly, much needed investment by the private sector will flow into a diversity of communities throughout Canada, expanding local and national growth in Clean Technology.

 

Thirdly, and also very importantly, we all benefit, globally, because we know Flow-Through Share Tax incentives can work extremely well to enhance our economy, so it will allow Canada to operate on a global scale and become internationally competitive on the Climate Change front.

 

 

Q: Investorideas.com

Should Canadians worry about the huge Biden administration funding of Clean Technology in the USA or should we be thankful?

 

A: Jean-Pierre Colin (JPC)

Of course, at Galaxy Power, we believe the strength of the funding expenditures south of our Canadian border can be good for the whole world. Every country must do its part for Climate Change and it’s great to see the USA begin to establish itself as a leader in terms of capital spending. Some of these expenditures can spill over indirectly in Canada, perhaps, so this may be good for Canada in an indirect way, perhaps just a small way.

 

However, because the USA is right next door, Canada is at risk of a “brain drain” of Climate Change professionals and corporate know how moving to the USA. Also, the Biden programmes seem to make establishing new companies in Clean Technology very welcome to the USA, something not at the top of our Canadian agenda yet. Some Canadians are absolutely right to be very concerned about Biden’s new plans.

 

But only Canada has a Tax Act that has a well-developped Flow-Through Share tax incentive programme for funding Canadian Clean Tech Companies. This is exactly why the new Canadian tax incentives of Flow-Through Shares and their expansion to Clean Technology are so important to all Canadians. At Galaxy Power, we are fostering Canadian talent and that talent operating in Canada.

 

+1 416.573.4300

jpcolin@galaxypower.ca

Galaxy Power Inc.

Generating Ideals for Ideal Generations

 

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