reports
- Graham Mattison
- Shawn Severson
Revolve Achieves a Key Milestone and Completes WindRiver Acquisition P...
On February 14, 2024, Revolve completed the proposed acquisition of WindRiver Power Corporation, which was announced in October 2023. WindRiver is a Canada-based owner, operator, and developer of wind and hydro projects in the provinces of British Columbia and Alberta. This acquisition is a key milestone in Revolve’s stated strategy of utilizing both a development strategy and acquiring operating assets. Those interested can listen to a summary conversation on the WindRiver transaction with Revo...
- Graham Mattison
- Shawn Severson
Valuation Model Indicates Shares Trading Below Many Peers and the Sum-...
Revolve is undergoing a transformational strategy shift to an owner/operator model through organic and inorganic growth. This strategic shift in the business model should drive increased cash flow through long-term recurring revenue. Revolve trades at a significant discount to its peers, even though it has delivered revenue and EBITDA, has a larger development pipeline than many of its peers, and further expected payments of US$50-60 million from the ENGIE transaction. Relative valuation suggest...
- Shawn Severson
1Q24 Results: Revenue Drives Ahead Led by ENGIE Milestone Payment
REVV reported total revenue of $1.2 million in 1Q24, $1.1 million higher than in 4Q23, primarily due to the interconnection milestone payment received from ENGIE under the sale agreement for the Parker project and recurring revenue from the operational distributed generation (DG) portfolio. The company is expected to receive milestone payments for the sale of the Parker Solar & Storage project, with amounts ranging from US$8.95-US$11.45 million. These payments are contingent upon the successful ...
- Shawn Severson
Leveraging Investments in the Renewable Energy and Distributed Power M...
Revolve Renewable Power is transitioning from a pure development company to an owner and operator of renewable energy projects. This strategic shift should allow for more predictable revenue and cash flow. The strategic shift to an owner and operator model will see the company retain ownership of projects through construction and into operation, creating long-term recurring revenue and cash flow through organic growth of its existing 3-gigawatt (GW) portfolio of projects, which will also be supp...
- Nicholas Cortellucci
- CFA
Energy Storage: The Missing Piece for the Energy Transition
What you need to know: • Due to the fluctuating levels of energy produced on an hourly basis by renewable energy sources, energy storage is required to smooth out supply and demand • The grid is becoming increasingly unstable due to its old age and extreme weather conditions, and is not set up to accommodate a net-zero system • Small and mid-cap players in the space are down over 60% since 2021, making today’s valuations a great entry point Why Do We Need Energy Storage? Intermittent Supply fro...
Philippine Metals Provides Transaction Update
Vancouver, British Columbia--(Newsfile Corp. - July 6, 2021) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to provide further information with respect to the proposed transaction (the "Transaction") with ReVolve Renewable Power Limited ("ReVolve") (see PMI news release dated June 24, 2021). Upon completion of the Transaction, Mr. Craig Lindsay, current CEO of the Company, will be appointed to the board of directors of the Resulting Issuer. Further, Ms. Janet Bates, current chief financial officer of the Company, will be the chief financial officer and corporate sec...
Philippine Metals Announces Proposed Acquisition of ReVolve Renewable ...
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to announce that it has entered into a letter of intent dated June 16, 2021 with ReVolve Renewable Power Limited ("ReVolve") pursuant to which the parties will, inter alia, negotiate a plan of arrangement agreement whereby PMI will acquire all of the outstanding shares of ReVolve in exchange for shares of PMI (the "Acquisition"). The Acquisition will constitute a reverse takeover ("RTO") under the policies of the TSX Venture Exchange (the "TSXV") and is an arm...
Philippine Metals Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that Marshall Farris has resigned as a Director and President of the Company effective immediately. Mr. Farris resigned in order to focus on his growing Exempt Market Dealer business, Ascenta Finance Corp. The Company would like to thank Mr. Farris for his long service and contributions to the Company and wishes him well in his future endeavours.ON BEHALF OF THE BOARD"Craig T. Lindsay"Chief Executive OfficerFor additional information, please contact:Craig LindsayTel: (6...
Philippine Metals Acquires Consortium Precious Metals Project
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2021) - Philippine Metals Inc. (TSXV: PHI) (the "Company") is pleased to announce the acquisition of an option to acquire a 100% interest in the 1,161 hectare Consortium Property ("Consortium" or the "Property") located in British Columbia, Canada. The arm's length acquisition is subject only to a 3.0% NSR royalty interest in favour of the vendor.Key HighlightsThe Property is located 55 kilometres northwest of Campbell River, British Columbia and can be accessed by a network of well-maintained logging roads.Known mineralization was fi...
Philippine Metals Announces Resumption of Trading
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2020) - Philippine Metals Inc. (TSXV: PHI) (the "Company") today announces that its shares will be re-instated for trading as of November 2, 2020. Additionally, the TSX Venture Exchange (the "Exchange") has advised the Company that it does not meet the Exchange's Tier 2 Continued Listing Requirements ("CLR"). The Exchange has provided the Company 90 days to submit documentation evidencing that it meets Tier 2 CLR, which may include the acquisition of a qualifying project or asset. If the Company is unable to file satisfactory docume...
Philippine Metals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2020) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that the letter of intent (or "LOI") dated June 22, 2020 (see News Release dated June 25, 2020) between the Company and Bravo Zulu Drone Defense Inc. has expired. As a result, the Company has re-initiated the process of reviewing alternate transactions.ON BEHALF OF THE BOARD"Craig T. Lindsay"CEOFor additional information, please contact:Craig LindsayTel: (604) 218-0550Email: Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies...
Philippine Metals Announces Proposed Acquisition of BravoZulu Drone De...
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2020) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to announce that it has entered into a letter of intent dated June 22, 2020 with Bravo Zulu Drone Defense Inc. (or "Bravo Zulu") pursuant to which the parties will, inter alia, negotiate a plan of arrangement agreement whereby PMI will acquire all of the outstanding shares of Bravo Zulu in exchange for shares of the Company (the "Acquisition"). The Acquisition will constitute a reverse takeover ("RTO") of the Company. All currency figures quoted herein are i...
Philippine Metals Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2020) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to provide the following corporate update.The Company has been advised by the TSX Venture Exchange (the "Exchange") that it does not currently meet the Continued Listing Requirements for a Tier 2 mining Issuer in accordance with Exchange Policy 2.5, Section 2.1. Therefore, the Exchange may place the Company on notice to transfer to NEX in the future, if the Company continues to not meet Tier 2 Continued Listing Requirements.In the interim, the Company is taki...
Philippine Metals Announces Board Resignation
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2020) - Philippine Metals Inc. (TSXV: PHI) (the "Company") announces that Mr. Paul Bains has resigned as a Director of the Company. The Company thanks Mr. Bains for his valuable contributions to the Company and wishes him well in his future endeavors.ON BEHALF OF THE BOARD"Craig T. Lindsay"Chief Executive OfficerFor additional information, please contact:Craig LindsayTel: (604) 218 0550 Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for...
Letter of Intent to Acquire Labtronix Terminated
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that the letter of intent ("LOI") to acquire Labtronix Inc. (see Company News Release dated June 25, 2019) has been terminated and the transactions contemplated therein will not proceed. Labtronix, doing business as Venom Extracts, breached a number of material conditions and covenants with respect to the LOI and PMI is reviewing its options with respect to these matters. It is anticipated that the common shares of PMI will resume trading in the coming days...
Acquisition Target Enters Nevada Market
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to update its shareholders on recent developments in connection with the proposed acquisition of Venom Extracts (see News Release dated June 25, 2019). Specifically, Venom Extracts (or "Venom") has now secured a lease on a new, ready to use, five thousand square foot cannabis extraction laboratory in Las Vegas, Nevada. This facility is fully licensed which allows Venom the ability to immediately go into production and sales upon the installation of their...
Philippine Metals Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that it has closed the private placement financing announced on July 4, 2019. Specifically, PMI has issued 3,571,428 shares at a price of $0.07 per share for gross proceeds of $249,999.96. The net proceeds of the private placement will be used for general working capital purposes and to fund expenses related to the Transaction announced in the Company's news release dated June 25, 2019.The Private Placement has been approved by the TSX Venture Exchange. In ...
Philippine Metals Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") announces that it will be proceeding with a non-brokered private placement of up to 3,571,425 shares at a price of $0.07 per share for gross proceeds of up to $249,999.75. The net proceeds of the private placement will be used to fund the costs related to the transaction announced in the Company's press release dated June 25, 2019 and for general working capital purposes.The private placement contemplated herein is subject to, among other things, the approval of the TSX V...
Philippine Metals Announces Proposed Acquisition of US Cannabis Extrac...
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is pleased to announce that it has entered into a letter of intent dated June 24, 2019, with an Arizona company doing business under the name Venom Extracts ("Venom"), whereby PHI will acquire all of the outstanding shares of Venom in exchange for shares of the Company (the "Acquisition"). The Acquisition will constitute a reverse takeover ("RTO") of the Company. All currency figures quoted herein are in Canadian dollars.Information concerning VenomOperating since 2017,...
Philippine Metals Announces Appointment of Tracy Cairns to Board
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2019) - Philippine Metals Inc. (TSXV: PHI) ("PMI" or the "Company") is very pleased to announce the appointment of Ms. Tracy Cairns to the Company's Board of Directors. Ms. Cairns was most recently the Director of Retail Sales at Aurora Cannabis Inc., where she was responsible for engineering and executing the Adult Use, Recreational Cannabis sales strategy in Canada. She championed Aurora's early market success and drove material business advantage. Prior to Aurora, Ms. Cairns enjoyed a successful career in progressively senior posit...
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