The electric vehicle story is dominating the auto industry. “A new report by Cairn Energy Research Advisors, a research firm focused on the battery and EV industries, predicts a surge in electric vehicle sales in 2021 as countries around the world push new programs to encourage consumers to buy battery powered vehicles. Cairn estimates global sales of EVs in 2021 will jump 36% and top 3 million vehicles for the first time ever.” However, for that to happen, automakers must get its hand of key minerals, which is where companies such as Windfall Geotek Inc. (TSXV:WIN)(OTC:WINKF)(FSE:L7C2), Cielo Waste Solutions Corp. (CSE:CMC)(OTC:CWSFF), Hillcrest Energy Technologies (CSE:HEAT)(OTC:HLRTF), Lithium South Development Corp. (TSXV:LIS)(OTC:LISMF), and Draganfly Inc. (CSE:DFLY)(OTC:DFLYF) have stepped in to help.
At the moment, according to Bloomberg, surging demand for EVs is sending the price of those materials soaring higher, which could “slow the push toward making cheaper batteries that are key to more widespread adoption. In addition, according to NPR, “The fear of a shortage is not tied to anxiety about literally running low on Earth's supply of lithium, for instance. But it takes time to scale up a mining operation.”
That’s Where a Company like Windfall Geotek (TSXV:WIN)(OTC:WINKF)(FSE:L7C2) Can Help
Windfall Geotek is a Canadian corporation offering a proven and industry-leading digital platform leveraging Artificial Intelligence (AI) technologies to significantly improve outcomes in the exploration, development, operations and financing of geologically focused projects. In short, the company provides the very eyes and ears miners could use to identify rich projects,
providing artificial intelligence (AI) to unearth a higher likelihood of success.
In addition, the company just announced it has engaged a decorated officer Colonel (ret) Stephen Appleton, MSM, CD, PEng, MBA, MSS to chair the Strategic Projects advisory board. Col. Appleton brings decades of operational experience in Canada, Sarajevo, Iraq, Afghanistan and Central Asia working on clean energy, environmental, and land decontamination projects with private industry, the North Atlantic Treaty Organization(NATO), the Canadian and US Military, and Non-Governmental Organizations(NGOs). Furthermore Col. Appleton brings a wealth of resource sector experience and connections as the head of Canadian operations for Fortescue Metals Group(ASX: FMG), the 4th largest producer of iron ore globally.
Dinesh Kandanchatha, Chairman commented, “Col. Appleton is one of those rare leaders who has distinguished himself with service to country, while simultaneously building a pedigree of operational and engineering experience in the civilian domain. I am looking forward to leveraging his experience and network on the core strategic initiatives that form Windfall’s long term sustainable competitive advantage.”
Col. Appleton will work with the board to advance the strategic initiatives for Environmental Social Governance (ESG), EagleEye for UXO commercialization, and the selection of development partners for resource development projects that leverage Windfall’s AI technology.
Col. Appleton Commented: “I have known Mr. Kandanchatha for over two decades, and Windfall is the next chapter of a career focused on creating value through Technology, and social good. I am excited to bring my experience in the military, environmental, and resource sectors to advance these worthy initiatives, and drive long term value for shareholders.”
Col. Appleton holds an engineering degree from the Royal Military College of Canada, an MBA from the University of Ottawa, and a Master’s Degree in Strategic Studies from the prestigious US Army War College in Pennsylvania. He has completed executive leadership programs from Queens University Business School and at the Woodside Institute in Palo Alto, CA.
Other related developments from around the markets include:
Cielo Waste Solutions Corp. just announced the appointment of former cabinet minister the Hon. Peter MacKay, P.C., Q.C. and Jasdeep Dhaliwal, CPA,CA to its Board of Directors effective April 8, 2021 as well as the appointment of Stephanie Li CPA,CA as its new Chief Financial Officer effective May 10, 2021. Ms. Li will replace Shawn Frenette, who will assume a newly created position of Vice President of Global Development. This new position has been created to allow Mr. Frenette to focus on developing corporate strategies as the Company seeks to expand into the US and other global markets. This will become an integral position as Cielo continues its plans for maximum growth.
Hillcrest Energy Technologies announced its intention to enter the electric vehicle charging market. Hillcrest has signed a Memorandum of Intent (MOI) with a privately held, British Columbia company, firmly established in the EV charging market and emerging as a growing total EV solutions provider. Under the terms of the non-binding MOI, Hillcrest would take an initial 30% equity stake and have the option to acquire an additional 21% stake within two years from the effective closing date. In addition to the current revenue generating operations, each party will contribute engineering expertise, IP and technologies into the proposed transaction and intend to jointly develop and commercialize new products and technologies.
Lithium South Development Corp. provided an update on the continued evaluation of Direct Lithium Extraction (DLE) technology for its Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. Lilac Solutions of Oakland California, a lithium extraction company providing technology and services to lithium brine developers, has advised the Company that they have completed their own testing using their patented Ion Exchange (IX) media on a synthetic sample of the HMN Li Project brine, identical in chemical composition to that contained within the projects NI 43-101 Preliminary Economic Assessment previously filed by the Company. The results produced a lithium chloride eluate solution recovering 99% of the lithium with very low reagent consumption.
Draganfly Inc. announced its fourth quarter and fiscal 2020 financial results. Revenue growth for the fourth quarter and the year was driven by a combination of organic growth, the acquisition of Dronelogics Systems Inc., and sales from COVID-19 screening products. The financial year 2020 was another milestone year for Draganfly. The Company successfully closed and integrated its Dronelogics acquisition which, as planned, became the driver of the bulk of Draganfly new product revenue sales. The Company’s main custom engineering customer effectively shut down this portion of its business in Q1 2020 primarily due to COVID-19; however, services revenues were successfully offset by other drone services work. 2020 revenues were up 216% year over year coming in at $4,363,511 versus $1,380,427 in the previous year. $645,756 represents custom engineering services work, $630,532 represents drone services work and the balance of revenue was from its hardware sales.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Windfall Geotek by Windfall Geotek We own ZERO shares of Windfall Geotek. Please click here for full disclaimer.
Contact Information:
2818047972
[email protected]
