Post by
ScarletSpider on Mar 17, 2021 9:19am
More News!!!
additional funding from Alberta initiative. The need for testing funds fully looked after with $19 million or so. The ground testing site fully cleared and the next phase of heating weather contingent from my recollection will begin in June. The testing from there will last 6 months or longer depending on capturing more data. So the preliminary phase of getting the testing grounds and needed funds to carry out the operations have been successful.. next phase heating and the accumulated data as to its effectiveness. This as we know can be huge when proven successful. I see this as what we all are here for betting on not against the company. Looking forward to seeing what June forward will look like.
Comment by
ScarletSpider on Mar 17, 2021 9:23am
alright need to correct this...the lead equipment for June and the testing anticipated for early q3 so possibly July earliest depending no doubt on weather and meeting the timeliness for the lead equipment phase...6 months including full July would take this all the way to December but give a couple months. Regardless good to see things coming along!
Comment by
TheNextBigThing on Mar 17, 2021 9:38am
An additional $5M is huge!! What venture company do you know has been able to raise this sort of money without dilution? This is a top tier team, and soon this testing will hopefully show this is a company worthy of a market cap multiple times what it is today.
Comment by
SprengoM on Mar 17, 2021 10:21am
Fully agree! Outstanding work from the management to secure this many funding without any dilution!