CHAR Technologies (YES.V) - Update from last week's Investor Call and Latest TMX interview
Here are some of my notes of what Andrew (CEO of CHAR Tech) said at the investor call:
- Thorold Phase 1 commissioning will be completed within the next few weeks and production of commercial level biocarbon is starting soon after, this summer (sometime in july/aug)
- thorold phase 2 financing is practically secured and will be finalized once phase 1 production starts.
- Offtake Agreement for the RNG with a gas company is currently in an LOI stage and is contingent on the financing for phase 2 thorold being secured
- Lake nipigon financing is also in the works and the Lake nipigon team is chipping away at the development on the site
- Quebec Saguenay facility will be ramped up to 5000 tonnes of biocarbon output within a few months, 10,000 tonnes by end of year and 15,000 tonnes by early to mid next year.
- Synagro and City of Baltimore are turning on the PFAS destruction equipment which piloted last year and will continue running it until winter and do more testing etc, the results from last year are still pending and will be out ASAP once confirmed by all parties.
- Canadian PFAS market is getting stronger regulations and may be an avenue for CHAR tech
- Espanola site is doing feasibility study right now and will release that once done
Essentially July and August are going to be huge months for CHAR tech as the commercial production will be turning on and a bunch of financing and offtake agreements will be announced for phase 2 and other sites etc, so theres lots in the works and things are progressing well!
Link to the latest interview--> https://youtu.be/7wCEqvmrw34?si=UCcRJsm3OPcB3hgu
NFA