Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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anything that solves issues for the masses does have a better good chance to earn hundreds of millions dollars in the process.
MYX looks a Gem, hiding under the radar and undervalued!!!
GLA and Dyor before its too late
As part of MYCELX's strategy to expedite its access to the significant PFAS remediation market, the Company is pleased to confirm that it is currently in discussions with several global water treatment companies, an environmental engineering firm and companies focused on treatment for the residential market. Through these channels, the Company expects to run further PFAS trials in the USA. These will build upon the successful recent trial, through the Company's Australian distribution partner, at a landfill leachate installation where MYCELX PFAS technology was proven to remove contaminants down to non-detectable levels cost effectively. This broader capability in PFAS removal places MYCELX in a strong position as a cost-effective solution, as the enormity of the PFAS global problem is exposed and the need for complete removal gains public attention
that's huge in the current Energy market
MYCELX confirms the successful, ongoing trial of its unique REGEN product for use in Enhanced Oil Recovery with a major producer in the Middle East. The Company is also in advanced negotiations with another major producer for a REGEN retrofit of their existing equipment to benefit from MYCELX's superior removal efficiency, cost savings and the potential to increase flow rate by up to 30%. Beyond the Middle East, the Company is pleased to announce that a further REGEN system has now been installed and commissioned in Nigeria.
"Breakthrough over potentially harmful chemicals found in most homes
By Esme Stallard
BBC News Climate and Science
Published
2 days ago
... PFAS stands for poly- and perfluoroalkyl substances. There are around 4,500 of these fluorine-based compounds and they are found in almost every dwelling on Earth in products including food packaging, non-stick cookware, rain gear, adhesives, paper and paints.
... The team of scientists hope that with further research PFAS could be filtered from drinking water and this new method applied to destroy the contaminants.
... This new method was applied to the 10 most prominent types of PFAS, but the US Environment Protection Agency has identified more than 12,000.
William Dichtel, one of the co-authors and professor of chemistry at Northwestern remains hopeful: "There are other classes that don't have the same Achilles' heel, but each one will have its own weakness." ..."
https://www.bbc.co.uk/news/science-environment-62561756
Skid,
The same story is freely available on the BBC.
With this new breakthrough, PFAS would still need to be removed from drinking water first, which is what MYX's solution does:-
"• Systematic approach efficiently and economically removes PFAS and contaminant precursors from water
• No discrimination by PFAS carbon chain length - highly efficient removal for all size ranges of PFAS"
https://mycelx.com/pfas/
In addition, the new breakthrough has only been shown to work on under 1% of PFAS types, and it is still relatively early stage - further research is needed.
Article in the Times about an article in science on a cheap way to get rid of pfas, based on science at northwest university.
Behind pay wall in times, unsure whether science is free ?
Not a science buff so welcome comments, as it's written up clearly independently reviewed.
Let's hope the rest of the world isn't as useless and as corrupt as the UK government in managing its water quality
PFAS in drinking water is clearly an enormous problem, which is why huge amounts of public money is being made available to tackle it.
MYX looks to have the ideal solution, so looks well-placed to capture some juicy contracts shortly, catapulting its s.p. to much higher levels.
The stock has previously (2013) traded at over twelve times its current s.p. of 42.5p.
"GREEN NEWS
‘Forever chemicals’: What are PFAS and can we solve this persistent pollution problem?
By Rosie Frost • Updated: 13/08/2022 - 08:01
Scientists recently discovered unsafe levels of toxic forever chemicals in rainwater - even in remote locations like the Tibetan Plateau and Antarctica.
“There is nowhere on Earth where the rain would be safe to drink, according to the measurements that we have taken,” lead author of the study Ian Cousins told AFP.
He added that the chemicals are now “so persistent” that they may never disappear from the planet. We’ve passed what researchers call the “planetary boundary” for levels of forever chemicals.
So what exactly are these ubiquitous chemicals and is there anything we can do about PFAS pollution? We spoke to an expert to find out.
... Fuoco adds that forever chemicals that were phased out in products like non-stick pans have been replaced with other PFAS that have turned out to be similarly toxic. ..."
https://www.euronews.com/green/2022/08/13/forever-chemicals-what-are-pfas-and-can-we-solve-this-persistent-pollution-problem
"GREEN NEWS
US government warns of 'forever chemicals' which may make tap water unsafe
By Jill Pole with Reuters • Updated: 16/06/2022
The US Environmental Protection Agency has released new warnings for synthetic pollutants in drinking water known as "forever chemicals" saying the toxins can still be harmful even at levels so low they are not detectable.
The family of toxic chemicals known as per-and polyfluoroalkyl substances, or PFAS, have been used for decades in household products such as non-stick cookware, stain- and water-resistant textiles and in firefighting foam and industrial products.
Scientists have linked some PFAS to cancers, liver damage, low birth weight and other health problems. But the chemicals which do not break down easily, are not yet regulated.
The agency is set to issue proposed rules in coming months to regulate PFAS. Until the regulations come into effect, the advisories are meant to provide information to states, tribes and water systems to address PFAS contamination.
The EPA also said it would roll out the first $1 billion (€957 million) to tackle PFAS in drinking water, from a total of $5 billion (€4.7 billion) in funding in last year's infrastructure law. The funds would provide states technical assistance, water quality testing and installation of centralised treatment systems. ..."
https://www.euronews.com/green/2022/06/16/us-government-warns-of-forever-chemicals-which-may-make-tap-water-unsafe
Skid,
MYX has said that they're evaluating partnership opportunities for their PFAS solution, so licencing out of their technology for this could be very possible:-
11th Mar 2022 7:00 am RNS Proposed Placing and Subscription
"... Having achieved this highly significant validation, the Company is now looking to accelerate the commercialisation of its technology across the United States. The Company is evaluating partnership opportunities with several environmental engineering contractors and water treatment specialist companies to expedite its market penetration. Accordingly, the proceeds of the Fundraising are intended to be used to aggressively market and commercialise MYCELX's PFAS solution, which are expected to lead to customer education, further trials and contract wins...."
https://www.lse.co.uk/rns/MYX/proposed-placing-and-subscription-ult0uszmskafuyv.html
Thanks for flagging up that new research Skid.
"Pollution: 'Forever chemicals' in rainwater exceed safe levels
By Matt McGrath
Environment correspondent
Published
5 days ago
New research shows that rainwater in most locations on Earth contains levels of chemicals that "greatly exceed" safety levels.
These synthetic substances called PFAS are used in non-stick pans, fire-fighting foam and water-repellent clothes.
Dubbed 'forever chemicals', they persist for years in the environment.
Such is their prevalence now that scientists say there is no safe space on Earth to avoid them. ...
The researchers from Stockholm University say it is "vitally important" that the use of these substances is rapidly restricted.
Scientists fear PFAS may pose health risks including cancer, though research has so far been inconclusive. They have been growing increasingly concerned about the proliferation of PFAS in recent years.
PFAS stands for poly- and perfluoroalkyl substances.
There are around 4,500 of these fluorine-based compounds and they are found in almost every dwelling on Earth in hundreds of everyday products including food packaging, non-stick cookware, rain gear, adhesives, paper and paints.
Safety concerns about the presence of these long-lasting substances in drinking water have also been raised.
Earlier this year a BBC investigation found PFAS in water samples in England at levels that exceeded European safety levels, but did not exceed the current safety level in England and Wales.
This new study, which looks at four specific chemicals in the class, suggests that levels of one PFAS in rainwater around the globe often "greatly exceed" US drinking water advisory levels.
Soil around the world is similarly contaminated, evidence suggests.
The study's findings lead the authors to conclude that a planetary boundary has been crossed - that there simply is no safe space on Earth to avoid these substances. ...
Removing the chemicals in the study from drinking water at treatment plants is possible, if expensive.
But getting below the US advisory levels is extremely challenging, according to the authors.
As scientists have gained more knowledge about PFAS over the past 20 years, the safety advisories have been continuously lowered. ..."
https://www.bbc.co.uk/news/science-environment-62391069
Article this weekend that no rainwater anywhere in the world is safe to drink due to the presence of pcbs.
Government legislation will drive the market.
Hoping for a tipping point at some time,hope myx are the company to capitalise -any thoughts on whether they would licence for quicker and cheaper routes to market.
13th Jul 2022 3:32 pm RNS Result of Annual Meeting
The Company is pleased to announce that, at its Annual Meeting held on 13 July 2022 at the offices of Canaccord Genuity, 88 Wood Street, London, EC2V 7QR, the resolutions set out in the Notice of Annual Meeting were duly passed on a Poll.
Full details of the resolutions passed are set out in the Notice of Meeting which is available on the Company's website www.mycelx.com. ...
https://www.lse.co.uk/rns/MYX/result-of-annual-meeting-orlnspjdxkh43ke.html
13th Jun 2022 7:00 am RNS 2021 Annual Report & Notice of 2022 Annual Meeting
Mailing of 2021 Annual Report and Notice of 2022 Annual Meeting
MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company transforming the environmental impact of industry, announces that, following the release on 17 May 2022 of the Company's Final Results for the year ended 31 December 2021, the 2021 Annual Report is today being mailed to shareholders together with the Notice of 2022 Annual Meeting.
Copies have been placed on the Company's website at www.mycelx.com. Copies will also be available free of charge from the Company's headquarters at 1650 International Court, Suite 100, Norcross, Georgia, USA 30093 for a period of at least one month.
Annual Meeting
The Company's 2022 Annual Meeting will be held at 2:00 p.m. (BST) on Wednesday 13 July 2022 at the offices of Canaccord Genuity, 88 Wood St, London EC2V 7QR.
For further information please contact:
MYCELX Technologies Corporation
Connie Mixon, CEO
Kim Slayton, CFO
Tel: +1 888 306 6843
Canaccord Genuity Limited (Nomad and Sole Broker)
Henry Fitzgerald-O'Connor
Gordon Hamilton
Tel: +44 20 7523 8150
Celicourt Communications
Mark Antelme
Jimmy Lea
Tel: +44 20 8434 2754
Notes to Editors
Through its revolutionary patented water technology with a mission to reduce the impact of industry on the environment, MYCELX brings its customers material benefits in terms of supporting environmental goals, performance enhancement, cost savings and small footprint. Working beyond any ordinary filtration methods, MYCELX's proprietary technology achieves oil removal to less than one part per million as well as removal of other emerging contaminants in water streams. MYCELX supports its international customers across the oil & gas value chain by ensuring clean water discharge or reuse and in groundwater remediation for industrial and military sites. MYCELX also provides advanced air filtration technology for manufacturing and industrial facilities, effectively removing oil particles and biologicals to maintain continuous and safe air quality levels.
For more information, visit www.MYCELX.com
https://www.lse.co.uk/rns/MYX/2021-annual-report-notice-of-2022-annual-meeting-8kzqez6v1rv3su4.html
At least a director took a large block in the placing
Although CT points out they will technically run out if cash in 6 months companies don’t wait until the last day to raise. They will look to raise very soon in my opinion. If 40p support gains here it’s straight to 20p. Management let down. No nee major contracts. It’s one for the long term but will get cheaper yo buy.
but oil rising.... reasons? Worries on cash?
The increase from 2020 ($7.1m) to 2021 ($8.5m) is about 20%. If they increase by 20% again, that would give revenue of $10.2m. Ordinarily, I'd say that a 20% increase is great, but considering how they're coming off the covid lows, it's a bit disappointing in my view.
Seems like they're not yet making anything significant from PFAS. I'll hang on, but will want to see good news before buying anything more here. At this rate of cash burn ($5.5m -> $3.2m in 6m), it seems that they'd be in need of cash within 6m. I'd like more transparency on why they're burning so much cash.
Clean water and air technology company MyCelx said on Friday that operations had continued to perform in line with expectations, with Covid-19 making little to no impact on day-to-day business functions.
MyCelx expects to report unaudited full-year revenues of approximately $8.5m in 2021, up from $7.1m in 2020, and said it was targeting "a similar level" of year-on-year revenue growth in 2022 but cautioned that this remained subject to the timing of anticipated contract wins and renewals.
The AIM-listed firm added that as of 31 December, it had cash and cash equivalents, including restricted cash, of $3.2m, down from $5.5m at the end of the first half, and said it was continuing to manage working capital and support growth.
Chief executive Connie Mixon said: "We are very pleased with how the company performed in the second half of 2021 and based on the start of the year, we are targeting to deliver year-on-year growth to our stakeholders in 2022.
"We continue to successfully navigate the Covid-19 pandemic, with the company now experiencing little to no impact on its day-to-day operations. However, we continue to take all precautions necessary in order to safeguard the welfare of our workforce."
--------------------------------------------
With more open times ahead ,sales should increase faster .
We await exciting PFA news
Also cash well may be needed . So dilution is very probable.
Outstanding
really? after all the noise we are 6 weeks away from the END of Q1 2022 and these guys are sitting there doing jack.
i can assure you a fund raise is coming. thats when i will be topping up. shocking how quiet some BOD are even though they promise so much rrrrrrrr
Good level of interest in the dip though compared to historically.
Good time to add at 60p though .
Outstanding
The cash burn is a bit disappointing.
I'm hoping that the sales numbers are significantly better than what they're saying. I'd like to think we're getting closer to the final statement: "we believe the PFAS remediation market has the potential to generate substantial cash flows for the business for the foreseeable future."...
Not spectacular figures .
Although static is better than some .
The PFA mention remains our wildcard .
Outstandingly inactive
https://www.bbc.co.uk/news/uk-england-cambridgeshire-60302561
Drinking water containing dangerous levels of a toxic chemical found in a company's supply did not reach its customers' taps, a water firm said.
Cambridge Water supplied homes in Cambridgeshire with water from an aquifer containing high levels of PFAS (polyfluoroalkyl and perfluoroalkyl substances).
The company said the water was blended with that from another source and the contaminants did not reach customers.
An investigation was under way.
More than 1,000 customers in Great Shelford and Stapleford were said to have been affected by the contaminated water, as first reported in The Guardian.
It said the water contained four times the legal limit of perfluorooctane sulphonate (PFOS).
PFOS is part of the wider family of PFAS substances.
The fluorine-based compounds are often dubbed "forever chemicals" because they do not break down quickly, and have been detected in drinking water, dust and the human bloodstream.
These chemicals are found in many products such as food-packaging, cosmetics and furniture and have been linked to health problems including liver damage, kidney cancer and birth defects.
'Lowest risk'
In a statement released to the BBC, Elinor Cordiner, head of drinking water quality and compliance at Cambridge Water, said: "The presence of PFAS compounds in the water supply is an emerging national challenge and one we take very seriously, and support all action to effectively manage PFAS and protect public health."
The Drinking Water Inspectorate issued renewed guidance on PFAS compounds in January 2021, following which, Cambridge Water "undertook sampling surveys to establish whether there was any risk to our customers in Cambridge", said Ms Cordiner.
"All of our sites, with the exception of one, fell within the tier 1, lowest risk, category (tier levels are 1 to 4).
"Our site at Duxford Airfield fell within the tier 3 category, however water supplies from this source have always been blended with other sources before reaching our customers.
"This means that levels of PFAS at customer taps were at, or around, the tier 1 (lowest risk) level."
Cambridge Water said its aquifer at Duxford was not currently supplying water "as a purely precautionary measure" and it was "in the process of installing additional treatment at the site to safeguard our supplies for the future".
The Drinking Water Inspectorate confirmed Cambridge Water had notified them of the findings at Duxford and an investigation was taking place.
Both the Conservative MP for South Cambridgeshire, Anthony Browne, and the Labour MP for Cambridge, Daniel Zeichner, have called for Cambridge Water to release more details about the incident to consumers.
presentational grey line...............
https://www.theguardian.com/environment/2022/feb/08/what-are-pfas-forever-chemicals-what-risk-toxicity
‘Forever chemicals’: what are PFAS and what risk do they pose?
They have useful properties, but some have been banned and toxicity of others is unknown
Anything is possible. But I've not seen any evidence of a fund raise. Apart from 'feeling it', what evidence do you see?
They should still be net cash after the building sale. Furthermore, Connie has a huge holding here and I can't see her diluting her own holding unless it's absolutely necessary.