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Fuel cell pioneer H2X is raising funds ahead of 2022 IPO

Special Report: Fresh off debuting its first hydrogen fuel cell vehicle for pre-orders, hydrogen pioneer H2X Global is now seeking … Read More
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This article was originally published by Stockhead

Fresh off debuting its first hydrogen fuel cell vehicle for pre-orders, hydrogen pioneer H2X Global is now seeking millions in pre-initial public offering funding.

The company’s Warrego Ute, which combines its unique light duty optimised hydrogen with the chassis of the popular Ford Ranger, has already generated over $50m in pre-order interest.

It has now appointed Barclay Pearce Capital, which was behind the successful pre-IPO raisings for Verdant Earth Technologies and green hydrogen pioneer Infinite Blue Energy, as the lead manager for its multi-million dollar pre-IPO raising.

This comes ahead of its planned IPO and as governments around the world commit billions of dollars in incentives to accelerate the transition to renewable energy and meet their net zero emissions targets.

Hydrogen fuel cell vehicles have gained significant interest in this environment, offering the potential to provide zero emissions transportation while enjoying quick refuelling, traits that are valuable for commercial vehicles that cannot be off the road for long periods.

H2X noted that recent market research indicates that the global fuel cell market could grow to more than US$14.6 billion by 2027.

H2X fuel cell tech

H2X is keen to capitalise on this interest in fuel cells with its Hydrogen Fuel Cell Hybrid technology, which is designed to drastically reduce refuelling time and increase driving range and hydrogen efficiency.

Its modular platform allows the hybrid energy system and fuel cell to be customised to maximise the efficiency and performance according to the user.

“One of our city focused vehicles will have a different hybrid battery solution to a vehicle, where we are working with more dynamic technologies to maximise retention of kinetic energy, which is our speciality to improve efficiency of the vehicles,” chief executive officer Brendan Norman said.

“H2X works with hydrogen infrastructure providers and forward-thinking industries to establish ecosystems which are cost effective from the start, where we look to offer multiple applications of vehicles to make it easy to reach a critical mass in one location.

“This supports not only the refuelling exercise, but also allows us to establish high-quality after sales operations in all locations that our customers will be using hydrogen.”

The company is currently developing multiple light vehicles using its powertrain system, which will involve a common chassis using sophisticated localised and renewable biocomposite materials and a modular power concept that enables the fitting of H2X power systems to existing and new heavy equipment.

H2X FCEV Van/MPV range scheduled for release 2023. Pic: Supplied

“Our approach on the vehicles is a complete redesign of the concept of how we build it. The production of vehicles can be optimised significantly with clean energy powertrains because of the shape and integration of the powertrains,” head of design vice president Chris Reitz said.

This diverse range of products using a common platform allows H2X to quickly support financially sound business cases for hydrogen rather than battery-electric for commercial vehicles.

 

This article was developed in collaboration with H2X Global, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Fuel cell pioneer H2X is raising funds ahead of 2022 IPO appeared first on Stockhead.

Precious Metals

Falcon Gold Stakes Claims Near Lithium Discovery, Shares Rise 10% Today

Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its…

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Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its Hope Brook project in Newfoundland, picking up ground near the maritime province’s first reported discovery of significant lithium mineralization.

The company said it has now staked a total of 1,660 claims, covering 41,500 hectares, which are strategically located and contiguous to First Mining Gold Corp. [FF-TSX, FFMGF-OTCQX, FMG-Frankfurt, Sokoman-Benton and Marvel Discovery Corp. [MARV-TSXV, MARVF-OTCQB, 04T1-Frankfurt].

After forming a gold exploration alliance, Sokoman and Benton recently made headlines by announcing a lithium pegmatite discovery at Hope Brook, less than 400 metres from Falcon’s newly expanded property boundary.

Sokoman and Benton said the area containing lithium-bearing pegmatite dykes, now known as The Kraken Pegmatite Swarm, measures approximately 2.2 kilometres long by 0.85 kilometres wide. They said assays from rock samples have shown that the dyke system contains economic grades of lithium (including 1.04% Li20), is widespread and open along strike.

“The highly prospective ground held by Falcon shows various lithium clusters that may extend on the company’s ground,” Falcon said in a press release.  Falcon is currently evaluating the data from government reports, which include high-resolution radiometric and magnetic surveys.

Falcon shares advanced on the news, rising 10% to 11 cents on volume of 256,000. The shares are currently trading in a 52-week range of 16 cents and $0.075.

Falcon Gold is an Americas focused exploration company. In Ontario, its portfolio of projects includes the flagship Central Canada gold project, which is located 21.5 kilometres east of Atikokan, and about 160 kilometres west of Thunder Bay and 20 kilometres southeast of Agnico Eagle Mines Ltd.’s (AEM-TSX, AEM-NYSE) Hammond Reef gold deposit.

The company holds six additional gold projects: the Camping Lake gold property and Springpole west property near Red Lake, Ont.; a 49% stake in the Burton gold property with Iamgold Corp [IMG-TSX, IAG-NYSE] near Sudbury, Ont.; in British Columbia, the Spitfire-Sunny Boy and Gaspard gold claims; and most recently the Hope Brook.

Falcon CEO Karim Rayani said the Sokoman-Benton discovery speaks to the multi-commodity nature of the large land package which his company has acquired. “Falcon’s land is situated in a very active structural corridor, giving us a tremendous opportunity for finding the next potential discovery in this camp,” he said.

Within this immediate area, the most significant deposit is the Hope Brook gold mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook, now owned by First Mining, has since been optioned to Big Ridge Exploration, which has outlined an additional 6.33 million tonnes at an average grade of 4.68 g/t gold or 954,000 ounces in the indicated and inferred categories.

 

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Energy & Critical Metals

NIO Stock: There Are 240,000 Reasons EV Maker Nio Is Revving Up Today

Yesterday brought some bad news for Nio (NYSE:NIO) as the Chinese electric vehicle producer failed to make the list of the top 15 best-selling EVs in China…

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Yesterday brought some bad news for Nio (NYSE:NIO) as the Chinese electric vehicle producer failed to make the list of the top 15 best-selling EVs in China for the year. While its competitors Tesla (NASDAQ:TSLA) and Li Auto (NASDAQ:LI) both made the list, Nio’s name was nowhere to be found. However, an announcement from the company bringing good news has given investors cause for optimism with NIO stock.

Source: Sundry Photography / Shutterstock.com

What Happened With NIO Stock

According to yesterday’s announcement, Nio will be doubling the production capacity of its Hefei plan, located in China’s Anhui Province. Previous production capacity had been 120,000 units per year but this expansion will allow the company to double this figure, completing 240,000 throughout 2022.

This news has already sent NIO stock up by 4.27% as of this writing and it doesn’t show signs of slowing down. The month has been turbulent, but the future looks promising.

What It Means

It has been reported that Nio’s newly expanded production line will be completed within the first half of 2022, gearing it up for a productive second half. Shareholders should be able to anticipate what comes next in 2022 with confidence.

Despite some turbulence, the fall has been generally good for Nio. The company delivered “10,628 vehicles globally in September 2021, an all-time high monthly record representing a robust growth of 125.7% year-over-year.” This development indicated that both the company and its sector have so far been able to make progress despite the difficulties posed by supply chain problems.

The following week, a Goldman Sachs =analyst set a $56 price target for NIO stock. His reasoning?  The fast-growing company still holds considerable upside. Today’s production expansion news should only further his bull case.

Why It Matters

China’s EV market is red hot and it’s still heating up. While Tesla has a dominant slice of the market, there’s plenty of room for innovative startups to grab their own. Nio is trying to do exactly that, positioning itself well to move forward as demand increases across continents.

InvestorPlace’s Vandita Jadeja recently spoke to NIO stock’s long-term potential, noting “Nio looks attractive for long-term investors. It has low risk and the valuation will grow with time. The sales are going to increase in the coming months as the chip shortage is almost over and the company will try to meet the international demand. The strong delivery numbers will ensure that the key margins are improved.”

For anyone considering a long-term play among EV stocks, Nio is absolutely worth watching.

On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines

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Articles

3 Hot Mining Stocks To Watch For Mid October

Which mining stocks are on your October 2021 watchlist? The COVID-19 situation…
The post 3 Hot Mining Stocks To Watch For Mid October appeared first…

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Which mining stocks are on your October 2021 watchlist?

The COVID-19 situation in 2020 caused many mining stocks to reach new highs. Metals and materials prices surged as the economy collapsed. The fundamental reason for the spike was increased demand and more shortages. When it comes to mining stocks, the majority of people will look at gold and silver stocks first. Last year, both of these assets hit fresh all-time highs.

So, in 2021, you might be wondering where things stand. Mining stocks soared at first but then began to decline. For a long time, gold and silver assets were unable to break through significant price barriers. Copper, lithium, iron ore, and other mining stocks took advantage of the opportunity to increase in the market at this time. Many mining stocks are still heading upwards in the market this year.

What should you look for when investing in mining stocks, you might be wondering? There are a few key steps one can take to ensure that investing in a company is the informed option. The first and most obvious is to read the news from across the world. Consider how the pandemic impacted and continues to impact the mining industry. News from the industry is also crucial; things like shortages and growing demand are useful bits of information to know. Let’s take a look at three mining stocks that are performing well in the market as we head into mid-October.

Best Mining Stocks To Watch

  1. McEwen Mining Inc. (NYSE: MUX)
  2. IAMGOLD Corporation (NYSE: IAG)
  3. Harmony Gold Mining Company Limited (NYSE: HMY)

McEwen Mining Inc. (NYSE: MUX)

On October 14th, the mining stock McEwen Mining Inc. saw its shares rise 1.69 percent in the market. This is a business that searches for, develops, manufactures, and sells various resources. Silver, gold, and copper make up the majority of the company’s sales. It has a 100 percent stake in the El Gallo project, the Fenix project, the Black Fox mine, and many more projects. Mexico, Canada, Argentina, and the United States are among the countries where it has properties.

McEwen announced its consolidation production for the third quarter of 2021 on October 6th. In the same period last year, the business reported 30,400 gold equivalent ounces, compared to 42,900 this year. McEwen was able to achieve his target thanks to 32,100 ounces of gold and 792,000 ounces of silver production. Its consolidated production for the nine months ending September 30th, 2021 was 114,300 gold equivalent ounces, up from 85,700 in 2020.

[Read More]

This signifies that its output this year is approaching the midpoint of its annual projection range. McEwen just completed commercial production at the Froome deposit three months ahead of plan. Noting this new info, will MUX be on your list of mining stocks to watch right now?

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD is a gold mining business that searches for, develops, and runs a few gold mines. The Americas and West Africa are the locations of these properties. It now owns the Rosebel mine, the Essakane mine, the Westwood mine, the Diakha-Siribaya project, and a number of other assets. This company just experienced an uptick in its stock price on October 14th, 2021.

Read MoreTop Mining Stocks To Watch Under $5

IAMGOLD hasn’t made any recent announcements. However, the business aims to reveal its third-quarter financial figures for 2021 on Wednesday, November 3rd. After the market closes on that date, these results will be revealed. The next day, IAMGOLD will host a conference call with management to explain the situation. Now on October 14th, IAG stock has increased by nearly 2%. Keeping this in mind, will IAG be on your mining stock watchlist?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited, a mining stock we’ve mentioned on goldstocks.com before, has recently performed well in the market. This is a company that recovers and processes gold, silver, copper, and uranium from mines. Its activities are based in South Africa and Papua New Guinea, both of which have proven to be favorable to Harmony.

Harmony recently released an operating report for the fiscal year ending June 30th, 2021. The company’s sales climbed by 45.2 percent year over year throughout this time period. Furthermore, its net debt decreased by 52% year over year. Although the company’s performance was good, it was not the sole factor for determining its stock price. The stock price of HMY fluctuates on the market in tandem with gold prices. Will you add HMY stock to your watchlist this month as a result of this information?

The Future of Mining Stocks

The world will see how the market reacts if mining stocks continue to rise as the pandemic slowly diminishes. At the moment, the world is still in a constant state of change. Materials are increasing in value as industrial demand and retail sales both rise. So, which mining stocks will you add to your portfolio in mid-October?

The post 3 Hot Mining Stocks To Watch For Mid October appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

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