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Wednesday, January 4, 2023

CubCrafters Inc.’s Extension of Long-Term Relationship with US Government Demonstrates Capabilities of Newest Generation of Its XCub Aircraft

CubCrafters recently announced that the US Department of Agriculture Wildlife Service had selected its flagship FAA-certified CC19 XCub for a new government aircraft-fleet-modernization contract
The contract extends a long-term working relationship that has seen CubCrafters supply aircraft to various federal agencies since 2003
CubCrafters aircraft have a lower operational cost than helicopters in addition to being reliable and safe with much of the same capability
According to CubCrafters, the aircraft fleet modernization contract is important not only to the company as a supplier but also to investors participating in its ongoing public offering, which was recently qualified by the SEC

For close to two decades now, CubCrafters, a Yakima, Washington-based designer and manufacturer of Part 23 Certified, Experimental, and Light-Sport backcountry aircraft, has supplied aircraft to various US Federal Government agencies, including the US Air Force Research Laboratory, the US Air Force Flight Academy, the US Department of Agriculture (“USDA”), the US Department of Homeland Security (“DHS”), and the US Department of the Interior (“DOI”).

“Our long relationship with the US Government is a strong testament to our ability to design and manufacture exceptionally rugged utility aircraft for backcountry missions,” says CubCrafters President and CEO Patrick Horgan of the relationship that began in 2003 (https://nnw.fm/lSPy1).

Typically, federal civilian agencies use CubCrafters aircraft for aerial survey missions, natural resource management, patrol, surveillance, and search and rescue, while the US Air Force uses them for flight-testing various sensors and glider towing. For its part, the USDA uses single-engine airplanes as well as turbine-powered helicopters to aerially apply herbicides, fertilizers, and insecticides, survey crops and wildlife, feed fish, support wildland fire-fighting services, and apply seed in remote areas.

The consistent appeal of CubCrafters’ aircraft stems from the fact that they have significantly lower operational costs compared to helicopters and other more expensive fixed-wing aircraft. In fact, according to CubCrafters Vice President of Sales and Marketing Brad Damm, who is quoted in a recent article in Flying Magazine, the operational cost of one of the company’s Cubs is “about $250 per hour while a turbine-powered helicopter runs approximately $2,500 per hour” (https://nnw.fm/m5CxE).

In addition to the lower operational cost, CubCrafters aircraft boast unrivaled safety, performance, and reliability. Combined, these attributes help explain the motivation behind a recent move by the USDA Wildlife Service to select CubCrafters’ flagship FAA-certified CC19 XCub aircraft for a new government aircraft-fleet-modernization contract. These XCubs are intended to replace USDA’s current fleet of legacy Piper PA-18 Super Cubs, which are more than 30 years old.

Launched in 2016, the same year it received the FAA Type Certification, the XCub is lighter, faster, and stronger than any aircraft in its category. It also offers greater range and a larger payload, according to the news release announcing the launch (https://nnw.fm/j77kx). Since its debut, the XCub has received a few upgrades, with the most notable centered around its engine.

When the XCub was first launched, it sported a 180-horsepower Lycoming engine. But in 2019, this engine was replaced with the more powerful CubCrafters CC393i, a lightweight four-cylinder 215-horsepower fuel-injected engine developed for the XCub by CubCrafters in collaboration with Lycoming (https://nnw.fm/OvZI1). It is this engine that will power the new XCubs to be added to USDA’s fleet.

“The first two aircraft [for the USDA] are in production now and scheduled for delivery in August and September of 2023,” comments Damm. “Under the contract, they have fixed price options to purchase additional aircraft in both 2024 and 2025. Our goal here at CubCrafters is to provide them with such a good platform (an aircraft that is more capable, more cost effective, and safer) that they ultimately replace their entire current fleet of around 40 legacy aircraft with the XCub.”

The modernization contract boosts the company’s outlook among existing and prospective investors, especially since it follows recent news that the Securities and Exchange Commission (“SEC”) had qualified the company’s public stock offering via the Regulation A+ exemption (https://nnw.fm/zkaG7). The offering, which marks the first time in its 42-year history that the company is allowing outside investment, is intended to raise $50 million. CubCrafters aims to channel the capital raise toward reducing its order backlog, which has seen it fully booked into late 2024, and improving its customer service.

“This contract is not only important for us as a supplier for the US government, but also for investors participating in our ongoing public offering,” a recent article in General Aviation News quotes Patrick Horgan as saying (https://nnw.fm/djsq0). “This sale demonstrates that our newest generation of fully certified modern utility aircraft can replace the aging fleet of legacy aircraft now in service. It shows that there is a very bright future for our fleet sales program.”

For more information, visit the company’s website at www.CubCrafters.com.

NOTE TO INVESTORS: The latest news and updates relating to CubCrafters Inc. are available in the company’s newsroom at https://nnw.fm/CUB

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Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Taps into Arizona’s Rich Mining History

Mineral-rich Arizona has been attracting settlement and economic expansion since its inauguration in 1912
Arizona hosts 992 valid mineral species, more future discoveries expected
Arizona Metals Corp. fully owns two mining projects in Arizona, including The Kay Mine copper-gold Project located in Yavapai County and the Sugarloaf Peak gold project in La Paz County

For more than 200 years, mineral-rich Arizona has been a driving force for settlement and economic expansion. Hard-rock mining first began in the region during the mid-1850s and continues today with roughly 433 mines, according to a 2021 report by The Arizona Geological Survey (https://nnw.fm/ddzlc).

Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company, continues the tradition by advancing precious and base metal deposits in the state with its Kay Mine Project located in Yavapai County and the Sugarloaf Peak gold project in La Paz County.

The International Mineralogical Association recognizes over 6,000 mineral species based on crystal structure and chemical composition (https://nnw.fm/ngOzT). Arizona hosts 992 valid mineral species, with more discoveries expected in the future. Notable historical mines in the state included the Christmas Mine, with over 80 minerals, the copper-producing Bagdad Mine, and the Iron Cap Mine, which produced silver, lead, and zinc until 1949.

Arizona Metals aims to tap into the state’s rich mining history with its Kay Mine and Sugarloaf Peak projects. The company’s Kay Mine property totals 1,330 acres that are not subject to any royalties. According to a historic estimate by Exxon Minerals in 1982, the project has a “proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 grams per ton gold, 3.03% zinc, and 55 grams per ton silver.” Significant data compilation, drilling, and data verification may be required by a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects before the historic estimate can be verified and upgraded to be a current mineral resource. Arizona Metals has completed more than 230,000 feet of drilling at the Kay Mine Project since 2020, and in November 2022, initiated the Phase 3 drill program of 250,000 feet at a budget of US$23 million. The focus of the Phase 3 program will be to drill the numerous historically untested drill targets that surround the Kay Deposit, with the goal of making new copper-gold discoveries. Expansion drilling will also continue at the Kay Deposit.

The company’s Sugarloaf Peak Property in La Paz County has a historic estimate of “100 million tons containing 1.5 million ounces (of) gold” at a grade of 0.5 grams per ton, as reported by Westworld Resources in 1983. Like the company’s Kay Mine property, the historic estimate for its Sugarloaf Peak Property has not been verified as a current mineral resource and none of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Before the historic estimate can be verified and upgraded to a current mineral resource, significant data compilation, re-drilling, and data verification may be required by a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Based in Toronto, Canada, Arizona Metals Corp. owns 100% of the Kay Mine Property in Yavapai County and 100% of the Sugarloaf Peak Property in La Paz County. Both projects have excellent infrastructure, including roads, water access, and power. As of Sept 30, 2022, the company had US$42 million in cash to complete Phase 2 and begin Phase 3 drilling at the Kay Mine in November 2022.

For more information, visit the company’s website at www.ArizonaMetalsCorp.com.

Full Disclosure: Arizona Metals Corp. is an InvestorBrandNetwork marketing client.

NOTE TO INVESTORS: The latest news and updates relating to AZMCF are available in the company’s newsroom at https://nnw.fm/AZMCF

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Vision Energy Corp. (VENG) Update Underscores Acceleration of its Green Energy Hub Development Near European Hydrogen Backbone

Vision Energy Corporation is a developer dedicated to carbon-reduction assets, currently focused on establishment of a Green Energy Hub serving as Northwestern Europe’s first import, storage and handling terminal for hydrogen and other renewable energy products
The Green Energy Terminal site in the Netherlands’ North Sea Port of Vlissingen is strategically located near developing transnational European Hydrogen Backbone infrastructure to help reduce Europe’s dependence on Russian fossil fuels
Vision Energy’s wholly owned subsidiary Evolution Terminals BV is spearheading the terminal development, and the company recently provided an update of its timeline that shows construction permit applications are expected to be completed during the next month
The permit applications are part of the initial phase of development at the 16.4-hectare (40.5-acre) site, which targets completion of 400,000 cubic meters of storage for green and low-carbon products and fuels, including green am`monia, renewable methanol and biofuels

Renewable energy facilities developer Vision Energy (OTCQB: VENG) is demonstrating its commitment to delivering solutions for the global drive to transition from high-pollutant carbon fuels to cleaner climate-friendly energy sources through the repurposing of existing gas and power infrastructure.

Vision Energy, through its wholly owned subsidiary Evolution Terminals BV (“ETBV”), is pioneering a Green Energy Terminal project in the Netherlands’ North Sea Port of Vlissingen designed to provide Northwestern Europe with its first import, storage and handling terminal, purpose-built exclusively for hydrogen carriers, renewable energy products, and low-carbon fuels.

The company recently provided timeline updates for permitting of the Green Energy Hub project, noting that it aims to begin submitting environmental impact construction applications under the Dutch General Provisions Act “Wabo” (https://nnw.fm/ubY38) within the next few days as the new year approaches and a detailed environmental impact assessment by the end of January.

The applications are being filed “in close cooperation with the authorities and in compliance with the formal process,” according to the company’s statement, and will address a phased construction plan that will begin with building 400,000 cubic meters (“CBM”) of storage for green and low-carbon products and fuels (https://nnw.fm/NqUlG).

Investment in the first phase is estimated at EUR €450 million, supporting construction of up to 150,000 cubic meters (“CBM”) of storage for green ammonia (“NH3”), 180,000 CBM for renewable methanol and 70,000 CBM for biofuels.

The 16.4-hectare (40.5-acre) site will eventually include a new deep-water jetty, quay wall redevelopment, and truck and rail loading facilities. The company believes the planned hub’s prospective value is established by its strategic location in close proximity to anticipated pipeline infrastructure for the developing European Hydrogen Backbone initiative (“EHB”) launched in 2020.

The transnational EHB initiative supports the United Nations-sponsored Paris Agreement reached by nearly 200 international political governments and other proponents of combatting climate change during the past decade, and the importance of transitioning Europe away from dependence on fossil fuels from Russia gained more impetus following Russia’s invasion of Ukraine. An April report on the EHB vision noted companies from 28 countries signed on for infrastructure development at the time (https://nnw.fm/hePOs).

Vision Energy’s ETBV Green Energy Terminal has a portfolio of completed consultancy studies supporting its permit applications, examining spatial layout, planning and design, detailed quantitative risk assessments and safety reporting, acoustic and noise impact assessments, air quality calculations, water handling, fire safety and pilot navigation simulations for the jetty, according to the company.

The company expects to reach a final investment decision (“FID”) by Q3 next year.

For more information, visit the company’s website at www.VisionEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to VENG are available in the company’s newsroom at https://nnw.fm/VENG

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Government’s Drive to Expand Clean Energy Access Confirms Greener Market for Correlate Infrastructure Partners Inc. (CIPI)

The U.S. has demonstrated its commitment to build more and better clean energy systems across the United States, including a new emphasis on expanding solar energy production on public lands in the Western states
The Bureau of Land Management is currently processing utility-scale clean energy projects proposed on public lands that have the combined potential to add over 31,000 megawatts of renewable energy to the Western electric grid
Distributed energy solutions company Correlate Infrastructure Partners Inc. works with clients in the commercial real estate industry to identify potential utilities optimization and other renewable energy opportunities
A key part of Correlate’s operation is to help clients also draw on the best financing sources that may include government grants and credits

The federal government’s recent announcement that it will expand the development of solar energy production in a number of Western states, where much of the land is government-owned public property, demonstrates the determination to support sustainable energy efforts and combat global climate concerns.

“This Administration is committed to expanding clean energy development to address climate change, enhance America’s energy security and provide for good-paying union jobs,” Secretary of the Interior Deb Haaland said during a visit to the Sonoran Solar Energy Project west of the Phoenix, Ariz., metropolitan area (https://nnw.fm/QCkyp).

“Our review of these proposed projects in Arizona, and a new analysis of the role public lands can play in furthering solar energy production, will help ensure we keep the momentum going to build a clean energy future, lower costs for families and create robust conservation outcomes on the nation’s lands and waters,” Haaland added.

The Sonoran project is expected to provide power to 91,000 homes from the public lands-sited array. The Bureau of Land Management is currently processing utility-scale onshore clean energy projects proposed on public lands that have the combined potential to add over 31,000 megawatts of renewable energy to the western electric grid, with additional solar and wind development applications under review, according to the Interior Department’s announcement (https://nnw.fm/H3O1V).

Distributed energy solutions company Correlate Infrastructure Partners (OTCQB: CIPI) foresees exciting new opportunities available thanks to the government’s emphasis on driving the country toward a future free of its dependence on carbon fuels and otherwise inefficient utilities, including tax credits made available through the Inflation Reduction Act.

The company recently reported establishment of a contract that exemplifies industry efforts to find innovative utilities solutions for clean energy, anticipating a 3.8-megawatt project at the Pennsylvania headquarters of global stored energy solutions leader EnerSys that would be one of the largest behind-the-meter solar installations in the United States.

“This partnership and project bring together a decade of our team’s vision, whereby we are both supporting a corporate renewables program and helping decarbonize the supply chain with a global market leader,” Correlate Infrastructure CEO Todd Michaels stated in the company’s announcement (https://nnw.fm/uXPnY).

Correlate is focused on helping companies that develop and rent out commercial building properties succeed at acquiring solar, cogeneration, energy storage and electric vehicle infrastructure, and doing so in a way that is both affordable and profit-improving for the client.

The company’s subsidiaries work harmoniously to analyze clients’ utilities performance. Correlate then provides recommendations for improvements based on its proprietary data.

Those solutions may encompass HVAC, mechanical, electrical and plumbing processes, and address possible solar upgrades, efficient water use, antimicrobial airflow, vehicle electrification and smart controls for any improvements.

For more information, visit the company’s website at www.CorrelateInfra.com, including the following:

Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/program

NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://nnw.fm/CIPI

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