Clean Energy Transition Inc V.TRAN

Alternate Symbol(s): GCRIF

Metals & Mining Industrial Metals & Minerals

Clean Energy Transition Inc., formerly Rogue Resources Inc., is a Canada-based company. The Company is focused on opportunities to generate positive cash flow, across the energy transition. The Company includes a Quartz division focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. The Snow White property is approximately 27 km northwest of the town of Massey, 105 km west of the city of Sudbury and 500 km north-northwest of Toronto. The Silicon Ridge Project is located approximately 40 km north of the City of Baie-Saint-Paul, which borders the north shore of the Saint Lawrence River in central Quebec, Canada. The property comprises eight (8) contiguous maps designated mineral claims (CDC claims), which form a rectangular block covering a total area of 462.6 ha.

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Clean Energy Transition Inc > News update

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Comment by paulindoonon Jun 08, 2021 6:34am

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Post# 33346192

RE:News update

Was just reflecting re possible reason of no direct benefit of ENVI spin out to RRS shareholders. Seems that although Sean & mgnt are doing a "good" job selling quarry products, that cost of the $1.8million debt facility as indicated in last NR (interest rate equal to the higher of prime plus 8.05% or 12%) is quite the burden.

I'm NOT a financial guy so not too familiar with these financial loan arrangement. But it seems to me that paying 12% in this market is rather high? So am wondering that now that mgnt are proving ongoing profitable stone sales, could they not pursue some other avenue of financing and " pay off" the Credit Group instrument?

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How a junior advances one of the largest undeveloped diamond projects