American Resources Corporation’s ReElement Technologies Executes MOU with Afrivolt Pty Ltd to Establish a Comprehensive Closed-Loop African Battery & EV Supply Chain

Parties will collaborate to support the construction of African lithium-ion cell manufacturing plants or "gigafactories" within the African markets

ReElement to support Afrivolt’s construction of comprehensive circular lithium-battery ecosystem with African critical minerals refined in Africa utilizing ReElement’s innovative chromatographic purification technology

FISHERS, IN / ACCESSWIRE / January 23, 2024 / American Resources Corporation’s (NASDAQ:AREC) ("American Resources" or the "Company") ReElement Technologies Corporation, ("ReElement") a leading provider of high performance refining capacity of rare earth and critical battery elements, announced today that it has executed a MOU with Afrivolt Pty Ltd ("Afrivolt"), a pioneer in developing large industrial projects to support the build-out of Africa’s regional and global lithium-ion battery supply chains. The agreement between ReElement and Afrivolt will focus on establishing a comprehensive closed-loop lithium-battery and EV manufacturing ecosystem within Africa utilizing critical minerals mined in regional localities with refining and purification performed by ReElement Africa and its subsidiaries including ReElement Ghana. To support the build out of the African critical mineral ecosystem, ReElement and Afrivolt are dedicated to collaborating with local institutions to cultivate the necessary skills pipeline to provide the high-skilled labor for the next generation of African industry and manufacturing. ReElement Ghana is already committed to community development, having established a partnership with University of Mines and Technology (UMaT), advocating education exchange programs with Purdue University in West Lafayette, Indiana, USA.

Ben Kincaid, Chief Executive Officer of ReElement Technologies Africa, Ltd. commented, "Collaborating with Afrivolt is a testament to our commitment to drive innovation and sustainability in Africa’s battery industry. Through ReElement Africa, we are dedicated to empowering local economies and making global supply chains more resilient."

Deshan Naidoo, Managing Director of Afrivolt added, "This strategic alliance serves as a vital conduit, channeling essential technology and capital. In doing so, it not only catalyzes the evolution of the African battery value chain but also marks a transformative shift, ensuring that the continent transcends its perceived role as a mere minerals scratch patch for the globe."

Commenting on the partnership, Mr. Franklin Asare, CEO of TECHGULF Ghana said, "We are excited about the prospects of this collaboration and the positive impact it will have in shaping the future of an African battery industry – sustainability and self-sufficiency. This partnership is not only a technological advancement but also a catalyst for continental workforce development, aligning with our commitment to fostering skill enhancement within the region."

The MOU between ReElement and Afrivolt is designed to evolve into a comprehensive collaboration and offtake agreement for ReElement Technologies to support the operation of African gigafactories and supporting regional economic development with nearly all minerals and raw materials sourced regionally from African mines with a specific initial focus on Ghanaian critical minerals. The MOU places a strong emphasis on the development of a comprehensive manufacturing industry that utilizes critical minerals sourced, processed and refined in Africa while involving the local workforce at every step.

ReElement Technologies is committed to leading the buildout of a more robust and secure global supply chain for rare earth and battery elements. The Company has proven that its patented chromatographic separation and purification is a low cost, scalable, flexible and environmentally safe replacement to the existing environmentally and socially toxic alternatives used around the globe for rare earth and critical element separation and purification. As the Company executes and scales the production at its facilities, it will significantly reduce the United States’ and its economic partner’s dependency on foreign nations for the supply of these critical raw materials while also creating a true circular life-cycle solution.

Learn more about ReElement Technologies’ process and technology here – Video.

About American Resources Corporation

American Resources Corporation (NASDAQ: AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About ReElement Technologies Corporation

ReElement Technologies Corporation is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Capture-Process-Purify" process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain’s growing demand for magnet and battery metals. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About Afrivolt

Afrivolt™ is at the forefront of revolutionizing the African energy storage industry, driven by an unwavering commitment to pioneering cell manufacturing in Africa by leveraging international technology partnerships. This initiative aims to catalyze economic growth by creating job opportunities, fostering skills development, and establishing a strong local footprint in the battery value chain across the continent. With a visionary approach, afrivolt™ has spent the last 15 months developing the business ecosystem to drive sustainable energy solutions for a brighter, more prosperous African future. The company’s 5GWh project, "afrivolt™ 1" is expected to manufacture battery cells for stationary storage in South Africa, a market that has seen exponential growth over the last 3 years.

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation’s control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Investor Contact:
JTC Team, LLC
Jenene Thomas
833-475-8247
arec@jtcir.com

RedChip Companies Inc.
Robert Foley
1-800-RED-CHIP (733-2447)
Info@redchip.com

Company Contact:
Mark LaVerghetta
Vice President of Corporate Finance and Communications
317-855-9926 ext. 0
investor@americanresourcescorp.com

SOURCE: American Resources Corporation

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Biotricity Expands Development of its Cardiac AI Cloud Platform with Data Ecosystem of over 360 billion Heartbeats

Company’s growing data ecosystem supports the development of large data models for its future predictive technologies and Cardiac AI cloud platform

  • Company has analyzed over 360 Billion heartbeats and helped diagnose over 200,000 patients
  • Company is now focused on building predictive AI models to support earlier diagnoses and interventions
  • Existing technologies are used in 500+ centers across the United States

REDWOOD CITY, CA / ACCESSWIRE / January 23, 2024 / Biotricity Inc. (NASDAQ:BTCY) ("Biotricity" or the "Company"), a leading medical diagnostic and consumer healthcare technology company, today announced the expanding development of its future Cardiac AI Cloud platform. The new platform is focused on predictive monitoring to help assist physicians and users to identify issues before they occur, supporting earlier interventions, reducing readmissions, and lowering healthcare costs. Biotricity’s product portfolio is already one of the most comprehensive remote cardiac monitoring portfolios globally. This expansion will further enhance its existing products while providing additional advantages such as:

  • Predictive capabilities
  • Faster analytical results
  • Improved scalability
  • Improved operational efficiency
  • Support for other commercial models
  • Automated analysis to support physicians

Biotricity’s goal is to develop one the most comprehensive Cardiac AI Cloud platforms. The company has been analyzing and establishing large datasets of heartbeats for the past couple of years to build predictive cardiac AI models for improved diagnoses and faster interventions. The resulting models will help develop more accurate analyses and improved operational efficiency, supporting physicians better and diagnosing more patients with the same resources.

AI and predictive models are difficult to build due to the large datasets needed to support accuracy. Biotricity has been focused on developing large datasets for years. The company’s decision to build a 3-channel diagnostic platform as opposed to a 1 or 2 channel platform was a direct result of this focus. Accuracy is difficult to achieve as cardiac issues are notoriously problematic to identify due to their intermittent nature, thus needing long term continuous data for diagnosing.

Long term data collection requires an ambulatory setting with users going about their lives. Ambulatory monitoring is synonymous with noisy data due to mobility, making diagnosis difficult, let alone prediction. To move into predictive monitoring, large data models are needed to overcome the intermittent nature of cardiac issues and the noisy data arising from ambulatory monitoring. AI models built on large ambulatory datasets have the potential to move from delayed diagnoses to instantaneous and predictive diagnoses.

Dr. Waqaas Al-Siddiq, Biotricity Founder and CEO, commented, "Our efforts to build a comprehensive Cardiac AI Cloud is the first step in making cardiac care not only accessible but also affordable and scalable. Today, Cardiologists are overwhelmed with too many patients and too much data, making it difficult for them to service more patients. An accurate cardiac cloud will provide the necessary support and assistance to cardiologists so that they can service more patients and focus on the most relevant pieces of data."

Biotricity has already developed leading edge cardiac technologies that have been deployed commercially with industry leading efficiency. Scalability and accessibility in a market where there is a shortage of healthcare professionals requires smart technologies to help support healthcare professionals to service more patients while improving the quality of care.

To learn more about the groundbreaking solutions in cardiac care that Biotricity has developed, visit www.biotricity.com.

About Biotricity Inc.

Biotricity is reforming the healthcare market by bridging the gap in remote monitoring and chronic care management. Doctors and patients trust Biotricity’s unparalleled standard for preventive & personal care, including diagnostic and post-diagnostic solutions for chronic conditions. The company develops comprehensive remote health monitoring solutions for the medical and consumer markets. To learn more, visit www.biotricity.com.

Important Cautions Regarding Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," "believe," "intend," "seek," "project," or "goal" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements may include, without limitation, statements regarding (i) the plans, objectives and goals of management for future operations, including plans, objectives or goals relating to the design, development and commercialization of Bioflux or any of the Company’s other proposed products or services, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company’s future financial performance, (iv) the regulatory regime in which the Company operates or intends to operate and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company’s current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company’s inability to obtain additional financing, the significant length of time and resources associated with the development of its products and related insufficient cash flows and resulting illiquidity, the Company’s inability to expand the Company’s business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure to implement the Company’s business plans or strategies. These and other factors are identified and described in more detail in the Company’s filings with the SEC. There cannot be any assurance that the Company will ever become profitable.

CONTACTS

Investor Relations
Biotricity Investor Relations
Investors@biotricity.com

SOURCE: Biotricity, Inc.

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Annual Anaqua Data Report Finds 2023 Patent Grant Volume Holds Steady

Analysis of USPTO IP data indicates continued innovation among US-based and global companies

BOSTON, Jan. 23, 2024 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announced its annual analysis of USPTO data using its advanced AcclaimIP patent analytics software. The analysis found that patent grants grew nearly one-half of one percent to 348,774 in 2023, marking a slight increase compared to 347,408 patents in 2022 placing US grants above pre-2019 levels.

Most Innovative Companies

Samsung Electronics leads the most innovative companies list, calculated by the number of granted patents, with 10,043 US grants (an 8% increase from 2022) in technology areas like data indexing schemes, electronic advertising technology, electronics related to renewable energy generation, organic electric solid-state devices, and plural semiconductor manufacturing.

The other top five most innovative companies were IBM with 4,003 granted patents, Qualcomm with 3,852, Taiwan Semiconductor Manufacturing Company with 3,442 and LG Corp with 3,319 granted patents.

Most Innovative Countries

US-based companies led all countries for the total number of granted US patents at 162,557, an 18% increase from 2022, with companies in the APAC region continuing to be well represented in the top five list of countries with US-granted patents. According to the data, Japan is in second place (40,960), followed by China (28,979) and South Korea (24,073). In fifth place is Germany, the leading European country, with 13,905 grants.

Top Innovation Areas

The top technology fields based on the most granted patents include semiconductor technology for the second year in a row, followed by virtual reality (VR), 5G, artificial intelligence (AI) and software technology related to unauthorized user detection. The rest of the top ten list includes program control unit, medical related, wireless, chemicals and chemistry related (appearing for the first time in the top ten), and network security technologies.

In examining AI-related US grants, the top inventive areas include machine learning models, general neural network development, neural networks combination technology, neural networks for image and video recognition and neural network training using backpropagation processes. The top assignees who received US granted patents in AI in 2023 were IBM, Samsung Electronics, Alphabet, Microsoft, and Amazon.

Shayne Phillips, Director, Analytics Solutions, AcclaimIP, said, “Our annual patent report examining the USPTO’s data shows a resilience and a consistency amongst the inventive community and companies seeking to protect their innovations. The analysis points to continued global innovation despite economic uncertainty and volatility.”

“We are honored to support many of the most innovative companies across the globe develop and manage their intellectual property to make better, strategic decisions about their business,” said Bob Romeo, CEO of Anaqua. “Our AcclaimIP solution helps customers search over 150 million patents to analyze intellectual property (IP) to determine patentability and assess the competitive patent landscape, ultimately to translate powerful patent analytics into business success.”

Download Anaqua’s infographic to review the full data here. To learn more about Anaqua’s AcclaimIP solution, visit acclaimip.com

Methodology

The data for this report was analyzed by Anaqua’s patent search and analytics software tool AcclaimIP, leveraging public patent information from the USPTO. The metric used to determine innovative organizations is patent applications published and granted applications over a 12-month period between December 1, 2022 and November 30, 2023.

About Anaqua

Anaqua, Inc. is a premier provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX® and PATTSY WAVE®, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, Asia, and Australia. For additional information, please visit anaqua.com, or on Anaqua’s LinkedIn.

Company Contact:
Amanda Glagolev
Director, Communications
Anaqua
617-375-5808
aglagolev@anaqua.com

GlobeNewswire Distribution ID 9021959

OSS and FLYHT Expand Relationship with the Design and Manufacturing of 5G Enabled AFIRS(TM) Edge Solution

OSS to Lead Hardware Design and Manufacture of FLYHT Aerospace Solutions’ New Aircraft Interface Device and Health Monitoring System – World’s First Wireless Quick Access Recorder with 5G Mobile Wireless for Real-time Remote Access

ESCONDIDO, CA and CALGARY, AB / ACCESSWIRE / January 23, 2024 / One Stop Systems, Inc. (NASDAQ:OSS) and FLYHT Aerospace Solutions Ltd. (OTCQX:FLYLF)(TSXV:FLY) today announced the commencement of a multi-year design and manufacturing collaboration for FLYHT’s automated flight information reporting systems (AFIRS™) Edge family, including its new AFIRS Edge+. The expanded relationship ensures that FLYHT has access to OSS’s scaled capabilities as it launches the aviation industry’s first-to-market 5G-enabled avionics solutions.

The AFIRS Edge is an aircraft interface device (AID), connecting aircraft data with EFB applications and providing airlines with Wireless Quick Access (WQAR) capabilities, all while serving as a gateway on the aircraft for critical real-time information and onboard data storage.

The Edge also serves as a data port for FLYHT’s actionable intelligence services, such as fuel management, aircraft health monitoring, real-time engine data reporting and airport gate performance monitoring.

Rendering of AFIRS Edge+

Further, when coupled with a real-time IP satellite connection, the Edge enables weather data customers to work with airlines to implement FLYHT’s Aircraft Based Observations (ABO) weather systems and solutions. ABO can include water vapor humidity data for enabling enhanced weather forecasting capabilities.

"We chose OSS as our manufacturing partner for our AFIRS Edge systems because of their proven capabilities in ruggedizing commercial aerospace devices and expertise in rugged edge solutions for AI, sensor processing and sensor fusion," stated FLYHT President and Interim CEO, Kent Jacobs. "We also want to leverage OSS’s expertise in the design, development, integration, testing and manufacturing of new products like our AFIRS Edge+ which can enable faster time-to-market."

For OSS, the design and manufacturing engagement with FLYHT is valued at a minimum of US$6 million over the initial five-year term. OSS expects to begin production and shipments of AFIRS Edge+ in the second quarter of 2024.

"This major win builds upon OSS being a long-time provider of embedded compute and storage technology for FLYHT’s flight safety equipment and networking prototypes," noted OSS VP of Sales, Robert Kalebaugh. "Our selection by an industry leader like FLYHT represents a strong validation of our design, engineering and manufacturing capabilities, as well as the comprehensive customer service that we have delivered to FLYHT over the years."

OSS CEO Mike Knowles commented: "This multi-year engagement expands our position in commercial aerospace, and further strengthens our technology development and manufacturing platform. Furthering our relationship with FLYHT as a long-standing valued partner underscores our commitment to aviation safety and delivering mission-critical performance without compromise for this important industry."

About FLYHT Aerospace Solutions Ltd.

FLYHT provides airlines with Actionable Intelligence to transform operational insight into immediate, quantifiable action, and delivers industry leading solutions to improve aviation safety, efficiency, and profitability. This unique capability is driven by a suite of patented aircraft certified hardware products. These include AFIRS™, an aircraft satcom/interface device that enables cockpit voice communications, real-time aircraft state analysis, and the transmission of aircraft data while inflight. The AFIRS Edge is a state-of-the-art 5G Wireless Quick Access Recorder (WQAR), Aircraft Interface Device (AID), and Aircraft Condition and Monitoring System (ACMS). The Edge can be interfaced with FLYHT’s TAMDAR probe or the FLYHT-WVSS-II relative humidity sensor to deliver airborne weather and humidity data in real-time.

CrossConsense, FLYHT’s wholly owned subsidiary, offers highly skilled services to the commercial aviation industry and provides preventative maintenance solutions. These include Aircraft Fleet View, a native application that gives a real-time view of airline fleet status; AviationDW, a managed data warehouse for enhanced business intelligence; and ACSIS, a visualization and predictive maintenance alerting tool.

FLYHT is headquartered in Calgary, Canada, and is an AS9100 Quality registered company. CrossConsense, located in Frankfurt, Germany, is an ISO9001 certified operation.

For more information, visit www.flyht.com.

About One Stop Systems

One Stop Systems, Inc. (NASDAQ:OSS) is a leader in AI Transportable solutions for the demanding ‘edge.’ OSS designs and manufactures the highest performance compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to the harsh and challenging applications, whether they are on land, sea or in the air.

OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

As the fastest growing segment of the multi-billion-dollar edge computing market, AI Transportables require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on Twitter, YouTube, and LinkedIn.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to projected revenues and related matters. Although management of the companies believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The companies cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are founded on the basis of expectations, assumptions and hypotheses made by the companies, including, but not limited to projected revenues. Such forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include but are not limited to global economic conditions, industry conditions, and supply chain delays. Readers are cautioned that this list of risk factors should not be construed as exhaustive. In addition the foregoing, risks relevant to One Stop Systems also include those risks described in its filings with the Securities and Exchange Commission (SEC), including under the heading "Risk Factors" in its latest Annual Report on Form 10-K and any subsequent filings with the SEC.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. The companies undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Media Contacts for OSS:
Katie Rivera
One Stop Systems, Inc.
Tel (760) 745-9883
Email contact

Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email contact

Investor Relations for OSS:
Ronald Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7557
Email contact

Company Contact for FLYHT:
Alana Forbes
FLYHT Aerospace Solutions Ltd.
Chief Financial Officer
Tel (403) 291-7437
Email contact

Investor Relations for FLYHT:
Matt Chesler, CFA
FNK IR
Tel (646) 809-2183
Email contact

SOURCE: FLYHT Aerospace Solutions Ltd.

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CoTec Holdings Corp. Announces Normal Course Issuer Bid

VANCOUVER, BC / ACCESSWIRE / January 23, 2024 / CoTec Holdings Corp. (TSX-V:CTH)(OTCQB:CTHCF) (the "Corporation"), announced today that it has filed with the TSX Venture Exchange (the "TSXV"), and the TSXV has accepted, a notice of intention to commence a normal course issuer bid (the "NCIB") for its common shares (the "Shares"). The Corporation’s board of directors believes that purchases of the Shares at below the Corporation’s view of their intrinsic value are an attractive investment opportunity, a desirable use of the Corporation’s available capital, and in the best interests of the Corporation and its shareholders.

Under the NCIB, the Corporation is entitled to purchase up to 3,011,325 Shares, representing 5% of the Corporation’s issued and outstanding Shares. The NCIB will commence on January 29, 2024 and terminate on the earliest to occur of (i) January 28, 2025, (ii) the date on which the maximum number of Shares that can be acquired pursuant to the NCIB have been purchased, or (iii) such earlier date on which the Corporation provides notice of termination of the NCIB. The actual number of Shares that may be purchased under the NCIB and the timing of any such purchases will be determined by the Corporation.

The Corporation has engaged PI Financial Corp. to act as its broker for the NCIB (the "Broker"). The NCIB will be made through the facilities of the TSXV and the purchase and payment for the Shares will be made from the Corporation’s existing working capital at the market price of the applicable securities at the time of acquisition, plus brokerage fees, if any, charged by the Broker. All Shares purchased by the Corporation under the NCIB will be cancelled.

To the Corporation’s knowledge, none of the directors, senior officers or insiders of the Corporation, or any associate of such person, or any associate or affiliate of the Corporation, has any present intention to sell any securities to the Corporation during the course of the NCIB.

A copy of the Form 5G – Notice of Intention to make a Normal Course Issuer Bid filed by the Corporation with the TSXV in respect of the NCIB can be obtained from the Corporation upon request without charge.

About CoTec

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. The Corporation is an environment, social, and governance ("ESG")-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as the Corporation transitions into a mid- tier mineral resource producer.

CoTec is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. The Corporation has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Corporation’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management’s expectations with respect to the adoption of new technologies across the mineral extraction industry and the benefits to the Corporation which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: CoTec Holdings Corp.

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Charah Solutions Appoints Matthew Sutton as Chief Executive Officer

LOUISVILLE, KY and REDWOOD CITY, CA / ACCESSWIRE / January 23, 2024 / Charah Solutions, Inc. ("Charah Solutions" or the "Company"), a leading provider of environmental services and byproduct recycling to the power generation industry, today announced the appointment of Matthew Sutton as President and Chief Executive Officer, effective January 22, 2024. Mr. Sutton, who will report to Charah Solutions Executive Chairman Curt Morgan and the Board of Directors, is a seasoned executive with more than 30 years of experience leading organizations at the intersection of environment, energy and construction.

"We welcome Matthew to the Charah Solutions team," said Mr. Morgan. "He brings proven experience in executive leadership and value creation to Charah Solutions and the SER Capital Partners’ family. Our Board of Directors conducted an extensive search for a candidate with broad environmental industry experience and expertise across many sectors, and demonstrated executive leadership," said Mr. Morgan. "Matthew’s background and experience fit the criteria we set out to fulfill in our hire of a new CEO. He has a proven track record of leading, improving and growing the organizations he oversees. Matthew was the enthusiastic and unanimous selection."

Matthew Sutton, Charah Solutions CEO

Mr. Sutton holds his bachelor’s degree in chemical engineering from the University of New Hampshire and has had a passion for the environmental segment from an early age. His professional experience follows this passion. An experienced global environmental industry leader, Mr. Sutton brings over 30 years of senior executive experience from the world’s top environmental, engineering and consulting firms. These include President of CH2M’s environmental and nuclear management business, Chief Executive of global environmental services at AECOM, and Executive Vice President of Arcadis Environmental. He also served as the Senior Vice President of ehsAI, an environmental, health and safety compliance AI startup and most recently as President and Chief Executive Officer of Matrix Solutions, an environmental and engineering consulting firm.

About Charah Solutions, Inc.

With more than 35 years of experience, Charah Solutions, Inc. is a leading provider of environmental services and byproduct recycling to the power generation industry. Based in Louisville, Kentucky, Charah Solutions is the partner of choice for solving customers’ most complex environmental challenges, and as an industry leader in quality, safety and compliance, the Company is committed to reducing greenhouse gas emissions for a cleaner energy future. Charah Solutions assists utilities and independent power producers with all aspects of sustainably managing and recycling ash byproducts generated from the combustion of coal in the production of electricity. The Company also designs and implements solutions for ash pond management and closure, landfill construction, structural fill projects, power plant remediation and site redevelopment. For more information, please visit www.charah.com

About SER Capital Partners

SER Capital Partners is an independent, middle-market private equity firm dedicated to investing in North American sustainable industrial, environmental, and renewable businesses. Over the past two decades, its team members have amassed successful experience in its targeted sectors as private equity investors and senior executives at both private and public businesses. The firm’s strategy is to actively create attractive investments underpinned by critical assets while also authentically measuring and improving key sustainability metrics in line with the UN Principles for Responsible Investing. SER is also committed to aligning interests across its investors, team members, portfolio company management teams, and communities. More information is available at www.sercapitalpartners.com.

Contact

Steve Brehm
Charah Solutions
(502) 245-1353
sbrehm@charah.com

SOURCE: Charah Solutions, Inc.

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