Earthworks Industries Inc V.EWK

Alternate Symbol(s): EAATF

Industrials

Earthworks Industries Inc. is a Canada-based company, which is in the development stage. The Company has no operations, no significant revenues and has not completed the landfill project. The Company has completed an environmental impact study of a landfill project through its wholly owned subsidiary, Cortina Integrated Waste Management Inc. (CIWM). The Company’s Cortina Integrated Waste Management project is approximately 60 miles from Sacramento and approximately 100 miles from San Francisco. It offers an opportunity for investors to meet the growing demand for waste disposal capacity.

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Earthworks Industries Inc

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Post by Betteryear2on Jul 20, 2023 2:06pm

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Post# 35550094

EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT

VANCOUVER, BC, July 20, 2023 /CNW/ - Earthworks Industries Inc. (the "Company"), wishes to report that it has done a calculation of the net present value of the development of its integrated waste handling project at the Cortina Rancheria in Colusa County, California. The project is being developed by the Company's wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc. (CIWM). The calculation is based on a cash flow forecast comprised of all known variables that influence revenue expectations, operating and capital costs, regulatory and construction costs, and the time frames associated with them. These calculations, which cover a period of 25 years show the value of the project – using 7% and 5% discount rates, to be between $U.S. 158 million and $U.S. 202 million.

EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA (newswire.ca)

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