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Iqstel Inc (OTCMKTS: IQST) Steady Move Up as Co Raises Revenue Projections, Reports on Planned Up Listing & Readies for Coming Launch of its EVOSS Electric Motorcycles

Iqstel Inc (OTCMKTS: IQST) is moving steadily northbound since a brief dip below the $0.50 mark on growing volume trading over $5 million in dollar volume…

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This article was originally published by Microcap Daily

Iqstel Inc (OTCMKTS: IQST) is moving steadily northbound since a brief dip below the $0.50 mark on growing volume trading over $5 million in dollar volume on Friday alone. The stock is currently under heavy accumulation as the Company moves towards its planned-up listing to NASDAQ as well as the upcoming launch of the EVOSS electric motorcycles in the USA, Latin American and the EU.  

The big story on IQST is the spectacular revenue growth this Company has seen since recently becoming completely debt free. IQST recently reported $58 million in sales as of November 30, 2021. The revenue for the month of November was $6.5 million. Management once again raised their forecast for FY-2021 to $63 million. CEO Leandro Iglesias recently stated: “We will finish 2021 in a very good position for continued rapid revenue growth and well on our way to meeting our net income positive $90 million revenue forecast for 2022.”  

iQSTEL Inc (OTCQX: IQST) is a US-based publicly-listed company offering Leading-edge Telecommunication and Technology Services for Global Markets as well as providing services to the Telecommunication, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. iQSTEL has 5 Business Divisions: Telecom, Electric Vehicle (EV), Technology (IoT), Fintech and Blockchain, with worldwide B2B and B2C customer relations. IQST has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet.  

Microcapdaily first reported on IQST on February 14, 2020 when the stock was $0.07, last month we also updated on the stock stating: “last week IQST reported the manufacturing of its EVOSS electric motorcycles is scheduled to begin next week. The electric motorcycles are slated for delivery to the USA, Latin American and the EU. The first electric motorcycles are expected to roll off the production line before the end of this FY. The first production run includes the EVOSS 250, 350 and 450 models equipped with 2, 3, and 4 Kw motors.  All models come with a 72 Volt, 50 AmpH battery. The Company’s vision is to become a major player in EV Motorcycle market within Latin America, and the EU over the next three years. The company has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet.” 

 

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IQST

IQST has been making big moves; in November they signed an MOU to acquire a telecommunications company in the VoIP and SMS space. The target acquisition, Smartbiz Telecom LLC, has an estimated $15 million in annual revenue, with positive Net Income.  Subject to completing this acquisition, iQSTEL is setting an initial forecast of $75.5 million annual revenue in Telecom Business Line for FY 2022.  This initial Telecom forecast does not include an estimate of the additional sales anticipated from cross selling iQSTEL’s existing services into the Smartbiz Telecom, LLC customer base. 

The Company is a revenue powerhouse reporting $58 million in sales as of November 30, 2021. The revenue for the month of November was $6.5 million. Management now expects to exceed its $60.5 million revenue forecast for FY-2021 and is revising the forecast upward by approximately 4% to $63 million. 

CEO Leandro Iglesias stated on the coming NASDAQ up listing: “We have already announced that iQSTEL will exceed its $60.5 million 2021 revenue forecast.  Today, I’m happy to share that as of the writing of this letter, we have surpassed $64 million inching past our revised $63 million 2021 revenue forecast.  We will finish 2021 in a very good position for continued rapid revenue growth and well on our way to meeting our net income positive $90 million revenue forecast for 2022. In addition to our improved 2021 revenue, our EV motorcycles will be rolling off the production line any minute now.  We plan to publish videos of this exciting event within the next few days. In conjunction with the strategic financing initiative in excess of $50 million and approved by our independent Board of Directors (BOD) that has been disclosed in my previous communications, we expect to close on an initial $2.75 million before the clock strikes midnight on New Year’s Eve.  This financing milestone will bring iQSTEL’s 2021 financial statement into compliance with Nasdaq’s minimum stockholder equity requirement and help expedite our up listing in 2022. We remain confident we can achieve a Nasdaq up listing in the first half of 2022.” 

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IQST is making a powerful move northbound off its base at $0.50 in recent trading after the Company announced record Q3 revenues. Year to date the Company reported $46.84 Million compard to $29.44 for the same period last year. This year IQST revenues continue to rise; in Q1 the Company reported $14.19 Million in Q1, $16.12 Million in Q2, $16.51 Million in Q3. and expect to hit net income positive by next quarter. Having graduated from one OTC Markets marketplace to the next achieving an OTCQB certification and then an OTCQX certification and incorporating the required corporate governance to include an Independent Board of Directors and an Independent Audit Committee, the distance from here to a Nasdaq listing is not too far a reach. Also last week IQST reported the manufacturing of its EVOSS electric motorcycles is scheduled to begin next week. The electric motorcycles are slated for delivery to the USA, Latin American and the EU. The first electric motorcycles are expected to roll off the production line before the end of this FY. The first production run includes the EVOSS 250, 350 and 450 models equipped with 2, 3, and 4 Kw motors.  All models come with a 72 Volt, 50 AmpH battery. The Company’s vision is to become a major player in EV Motorcycle market within Latin America, and the EU over the next three years. The company has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet. We will be updating on IQST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IQST.

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sclosure: we hold no position in IQST either long or short and we have not been compensated for this article.

The post Iqstel Inc (OTCMKTS: IQST) Steady Move Up as Co Raises Revenue Projections, Reports on Planned Up Listing & Readies for Coming Launch of its EVOSS Electric Motorcycles first appeared on Micro Cap Daily.

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Author: Boe Rimes

Energy & Critical Metals

Camera Slide Sales Market 2021 Report that Emphasizes the impact of COVID-19

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MR Accuracy Reports crafted the report, titled Global Camera Slide Sales Market 2021 is a methodical research study based on the Camera Slide Sales Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Camera Slide Sales Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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Energy & Critical Metals

Without a Doubt, Lithium’s “White Gold” Label is Merited

2022.01.21
Electrification and decarbonization are anticipated to be one of the biggest investment trends of 2022.
Just two weeks into the new year, we’re…

2022.01.21

Electrification and decarbonization are anticipated to be one of the biggest investment trends of 2022.

Just two weeks into the new year, we’re already witnessing a big rally in EV battery minerals, perhaps a precursor to what could be a historic year for metals considered vital to the energy transition.

Nickel prices last week surged to its highest in a decade, with investors betting on a global scramble for supplies of the EV battery material.

Another key battery mineral that has seen its prices soar is lithium, which started 2022 on a record high, continuing its strong form from last year. Data from S&P Global Platts last week showed that lithium carbonate prices in China have now risen 35% on month and are up 531% on the year.

And this uptrend in lithium (and other EV battery metals) is only going to continue, according to those within the battery metals industry.

Caspar Rawles, chief data officer at Benchmark Mineral Intelligence, the world’s leading lithium price reporting agency and EV supply chain data provider, notes that the early transactions from 2022 suggest that “lots of legs” are left in this rally.

Gavin Montgomery, research director for battery raw materials at Wood Mackenzie, recently said in a Financial Times article that lithium prices are unlikely to crash, as they did in previous cycles.

“We’re entering a sort of new era in terms of lithium pricing over the next few years because the growth will be so strong,” he added.

According to a December report from S&P Global, further demand growth in 2022 will mean a lithium deficit this year as use of the material outstrips production and depletes stockpiles.

Supply is forecast to jump to 636,000 tonnes of lithium carbonate equivalent in 2022, up from an estimated 497,000 in 2021 — but demand will jump even higher to 641,000 tonnes, from an estimated 504,000, the report said.

Lithium Supply Problem

Driving the latest lithium rally are near-term risks that are threatening deeper shortages in the metal’s supply, from plant maintenance and Winter Olympics curbs in China to pandemic-related labor shortages in Australia.

“The lithium market is extremely tight at present, so spot prices are very sensitive to any supply disruptions,“ Alice Yu, analyst at S&P Global Market Intelligence, recently wrote in a note to Bloomberg.

As we speak, lithium prices are still rising in China as consumers look to restock ahead of the Chinese New Year festivities at the end of the month and early February. The high level of buying in the world’s biggest EV economy also pushed prices higher in other regions such as Europe and the US, according to Fastmarkets.

Beyond the short-term issues, there are challenges for lithium supply to expand fast enough to avoid a prolonged market squeeze over the coming years.

Skeptics point to Rio Tinto’s controversial lithium project in Serbia, which is now on hold due to environmental protests, and the growing concerns around the sustainability credentials of South America’s brine-based production, as long-term threats to global supply.

“Customers are realizing that new supplies are very difficult to bring on,” said Tony Ottaviano, CEO at Australian lithium miner Liontown Resources, in the Bloomberg report. His company recently signed an agreement to ship lithium to South Korean battery giant LG Energy Solution from 2024, when its project is scheduled to start.

Last week, BlackRock’s Evy Hambro, global head of thematic and sector-based investing, told Bloomberg TV that commodity prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition.

“We’ve got decades worth of high rates of investment into infrastructure as the world seeks to decarbonize. That’s a widely held consensual view,” he said.

Among the key raw materials listed was lithium, which is set to face fresh demand from the creation of a “greener world”.  Bloomberg New Energy Finance (NEF) estimates that, by 2030, consumption of lithium (and nickel) will be at least five times current levels.

Hambro still sees the mining sector as remaining undervalued, given its importance in providing the materials like lithium needed to decarbonize the global economy.

“It seems as though this core element of the transition has been completely ignored by many investors,” he said. “At some point people will realize how essential these businesses are for the transition and capital will flow into them, and that should change the valuations.”

More Expensive EVs

The tightening supply of metals is happening just as EV uptake around the world is about to explode, which is exerting serious cost pressure on battery production.

In fact, we could see the first rise in battery prices since 2010 this year, potentially undermining global efforts to speed up the adoption of EVs and clean energy technologies, analysts say.

Between 2010-2021, battery pack prices had dropped a staggering 89%, from above $1,200/kWh to $132/kWh in real terms, BloombergNEF’s annual battery price survey showed in November.

Li-ion battery prices dropped by 6% from $140/kWh in 2020 to $132/kWh in 2021, but could now rise to $135/kWh in 2022 in nominal terms due to higher raw material prices, BloombergNEF estimated.

According to the research provider, even low-cost chemistries like lithium iron phosphate (LFP), which have been used more in 2021 and are particularly exposed to lithium carbonate prices, have felt rising costs throughout the supply chain in recent months.

Since September, Chinese producers have raised LFP prices by between 10-20%, according to BloombergNEF estimates. Indeed, the average price of these cells is now the same as the average price of high-performing nickel-based cells in the first half, at around $100/kWh.

If other technology improvements cannot mitigate the higher cost of raw materials, the point of breaking below the critical threshold of $100/kWh battery pack price could be pushed back by two years from BloombergNEF’s current expectation of 2024.

“This would impact EV affordability or manufacturers’ margins and could hurt the economics of energy storage projects,” the research provider warned.

“Higher battery price creates a tough environment for automakers, particularly those in Europe, which have to increase EV sales in order to meet average fleet emissions standards,” said James Frith, BNEF’s head of energy storage research and lead author of the report.

Automakers may now have to make a choice between reducing their margins or passing costs onto consumers. Either way, some carmakers are likely to lose out in the global race to produce affordable EVs after failing to meet their ambitious targets.

In the grand scheme of things, the clean energy transition could be costlier and more distant than initially thought. Fatih Birol, executive director of the International Energy Agency (IEA), said last year:

“Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realizing those ambitions.”

US Falling Behind

The United States still lags behind both China and Europe when it comes to the production and domestic uptake of EVs, and the world’s biggest economy has made it loud and clear it wants to challenge its rivals’ dominance.

In an executive order, US President Joe Biden has already set a national goal for 50% of new car sales by 2030 to be electric. Jumpstarting his EV initiative is a proposed $7.5 billion spending package to build a network of 500,000 EV charging stations across the country.

Meanwhile, its EV industry is also making more noise than ever. Nearly every major automaker in the US has announced a transition to electric vehicles; Tesla delivered almost one million cars in 2021, while new electric vehicle companies like Rivian and Lucid are rolling out new models off the line.

However, to power these new EVs requires more batteries — and the materials to build them.

According to Benchmark Mineral Intelligence, EV growth will be responsible for more than 90% of demand for lithium by 2030. The UK-based consultancy forecasts that demand for lithium is set to triple by 2025, rising to 1 million tonnes and outpacing supply by 200,000 tonnes.

So for the US to really become an EV powerhouse, it needs to first solve its lithium supply problem.

Over 80% of the world’s raw lithium is currently mined in Australia, Chile and China. Moreover, China controls more than half of the world’s lithium processing and refining, and has three-fourths of the lithium-ion battery megafactories in the world, according to the IEA.

The US, meanwhile, mines and processes only 1% of the world’s lithium, according to the US Geological Survey (USGS). There is only one lithium mine in operation, Albemarle’s Silver Peak, which extracts lithium from brine outside of Tonopah, Nevada, outputting a paltry 5,000 tonnes of lithium carbonate a year.

However, this is not to say we can rule out the US as a major producer of lithium, dubbed “white gold” for its vital role in rechargeable batteries and high demand.

Next Lithium Hub?

The US had been the leading producer of the metal until the 1990s, so scarcity is not a problem.

Within its borders are almost 8 million tonnes of lithium in reserve, ranking it among the top five countries in the world, according to the USGS.

So, with the right amount of investment, a burgeoning domestic “mine to battery to EV” supply chain is certainly within reach. Several projects are already in the works across the states of Nevada, North Carolina, California and Arkansas.

Nevada looks to be the focal point of the next “white gold rush” given the abundance of lithium-rich brines and clays, plus its history of lithium production dating back to the 1960s. It currently hosts the only US lithium mine, for now.

Conclusion

Lithium prices have already set new records to begin the year; China’s lithium carbonate prices jumped to over $47,500 last week, representing a six-fold increase over January 2021.

The BMI lithium index has already shot up by 280% year-on-year, and nearly 12% over the past month alone.

Some are predicting that this run is far from done. Australian lithium miner Allkem told Reuters this week that lithium carbonate prices could explode in the second half of the year, rising by about 80% to over $20,000/tonne in the six months to December.

“It’s a very, very tight supply market and as a result of this we’re seeing this very rapid increase in pricing,” the company representative said.

Strong demand for lithium-ion batteries for EVs and other applications is expected to put a strain on the global supply of battery raw materials, which will likely invoke a string of new investments.

China’s biggest battery makers and miners are already gobbling up lithium assets left, center and right, with more deals still left to be done. Without a doubt, lithium’s “white gold” label is merited.

With the global race to secure minerals in full throttle, there will be calls made to companies holding lithium projects within the most prolific regions of the world.

Richard (Rick) Mills
aheadoftheherd.com
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Energy & Critical Metals

Capstone Green Energy Bags 3.4 MW Renewable Energy Contract In California

Capstone Green Energy Corporation (Nasdaq: CGRN) shared today a renewable energy project secured by its distributor, Cal Microturbine. The contract
The…

Capstone Green Energy Corporation (Nasdaq: CGRN) shared today a renewable energy project secured by its distributor, Cal Microturbine. The contract seeks to provide a 3.4 MW microturbine-based system for an unnamed customer in California.

No financial details have been shared but the firm said the system will consist of three Capstone Green Energy C1000S Signature Series microturbines and one C400S Signature Series microturbine, and are expected to use 100% renewable fuel.

“This order is indicative of the shift we are seeing to more renewable fueled energy projects in recent years,” said Capstone VP of Marketing and Distribution Jen Derstine. “In fiscal 2019, renewables made up 7% of our overall business and in fiscal 2021 they made up 13% of our business.”

The company also said that the customer “initially considered leveraging reciprocating engines” but eventually went with Capstone’s microturbines “for low emissions and low life cycle costs.”

Capstone Green Energy last traded at $3.28 on the Nasdaq.


Information for this briefing was found via the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Capstone Green Energy Bags 3.4 MW Renewable Energy Contract In California appeared first on the deep dive.

Author: ER Velasco

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